Housing Wire

OCTOBER 24, 2023

Trade groups and fair housing associations applauded the changes, including the extension of the implementation timeline and recognition of Special Purpose Credit Programs (SPCPs) in a bank’s CRA rating. The CRA encourages banks to help meet the credit needs of their communities, with a focus on low- and moderate-income borrowers.

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Banks Lending Equity Development 400

Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. Attorneys representing Ginnie Mae and the U.S.

Banks 418

Banks Mortgages Lending Loans 418

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. In addition, the bank discouraged these customers from obtaining home loans, according to the complaint.

Banks 409

Banks Lending Loan Officer Loans 409

Housing Wire

APRIL 10, 2024

In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test. Violations identified vary across different stages of the loan process.

Banks 417

Banks Brokerage Mortgages Loans 417

Housing Wire

MAY 29, 2025

In addition, Two Harbors Investment acquired RoundPoint Mortgage Servicing and Rithm Capital closed a deal for Computershare Mortgage Services, bringing in Specialized Loan Servicing. Mihir Bhatia, a Bank of America analyst who covers mortgage companies, said he expects the trend to continue. The bigger fish will get bigger.

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Mortgages Loans Banks Industrial 339

Housing Wire

JUNE 10, 2025

“We built HELOC For Seniors to offer a better way forward, offering the financial flexibility associated with a line of credit, but without sharply rising payments that come with traditional bank HELOCs, or the higher base payments associated with closed-end second liens ,” he said. “So It’s a common product in the U.K., In the U.S.,

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Equity Principal Development Mortgages 358

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

Banks 370

Banks Loan Officer Loans Lending 370

Housing Wire

SEPTEMBER 2, 2022

In addition, the ETF invests in MBS backed by loan pools sourced from non-traditional loan originators, including Community Development Financial Institutions and minority-owned banks. Among Impact Shares’ partners are the NAACP, the YWCA , the United Nations Capital Development Fund and more, according to Owens.

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Closing Marketing Investor Banks 458

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. A signer such as a customer closing on a loan appears before a notary on a video call and they complete, sign and notarize the document, he said.

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Closing Loans Banks Investor 491

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. We likely would not have seen mortgage rates at 8% that year if the spreads hadn’t worsened after the banking crisis. Last week, the 10-year yield closed at approximately 4.49%.

Mortgages 463

Mortgages Banks As-is Sales 463

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The transaction is expected to close in May. “We Change is a community development financial institution (CDFI) that is certified by the U.S.

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Lending Banks Loans Renovation 418

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. That was a favorable development,” Deitch said.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

Housing Wire

MARCH 18, 2022

I closed 28 H4P transactions last year, over 1% of the national total. I subsequently have developed two more CE classes that only deal with HECM loans. Be sure to address the myths related to ‘not owning the home’ or ‘signing over the equity to the bank’ early on in the class.”.

Loans 517

Loans Closing Mortgages Equity 517

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

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Lending Equity Banks Construction 237

Housing Wire

SEPTEMBER 23, 2022

Last year, in a Housing Wire op-ed , Community Home Lenders of America took the lead nationally in opposing calls to extend the Community Reinvestment Act (CRA) to independent mortgage banks (IMBs). . Many community banks do a great job of mortgage lending to underserved homebuyers. So why would we extend it to IMBs?

Banks 369

Banks Lending Loans Mortgages 369

Housing Wire

MAY 9, 2025

With a pipeline nearly double what it was a year agoand demand coming from across the industry, from leading banks and mortgage servicers to independent mortgage banks and credit unions its clear the need for effortless, personalized banking and lending is only growing. “There are three themes I want to cover today.

Title 336

Title Lending Banks Mortgages 336

Housing Wire

APRIL 18, 2023

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

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Closing Title Loan Officer Technology 373

Housing Wire

FEBRUARY 23, 2024

government’s motion to stop the gathering of evidence in a case against Ginnie Mae , Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. TCB was thus left with no alternative but to file this action,” the bank concluded.

Banks 404

Banks Bankruptcy Lending Finance 404

Housing Wire

DECEMBER 12, 2024

Many national companies had already established national refi rates with some of the biggest banks and lenders and yet that left many doing what they have always done; waiting until all the noise has fully hit and then reacting. Unfortunate for most, whereas a few had prepared, most did not see the magnitude of this market anomaly!

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Title Marketing Banks Loans 351

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development. million in volume in 2023, according to RealTrends Verified data.

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Purchase and sale agreement Inspection contingency Inspection Title 410

Housing Wire

DECEMBER 12, 2024

Proprietary data from the Auction.com marketplace, which accounts for close to half of all properties brought to foreclosure auction nationwide, shows that banks, nonbanks and mortgage servicers selling on the Auction.com platform have slowly lowered their pricing at both foreclosure auctions and bank-owned (REO) auctions over the past six months.

Marketing 370

Marketing Renovation Banks Mortgages 370

Housing Wire

FEBRUARY 24, 2022

We are witnessing a trend of organic growth developing and we believe it will continue throughout 2022.”. Bailey also noted that 2021 was the best year ever for the number of closed transactions for RE/MAX, with over two million transaction sides completed in 2021. The post RE/MAX banks on organic growth in 2022?

Banks 381

Banks Brokerage Investor Agents 381

Housing Wire

AUGUST 7, 2023

While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers. Fannie Mae and Freddie Mac have had affordable lending goals for years, but the impact of closing the minority homeownership gap has not been that significant.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

NOVEMBER 14, 2024

To get a better idea of what investors might be most closely interested in with these results, along with the outlook for these companies and the industry, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with UBS equity research analyst Douglas Harter. They also mentioned the proprietary product suite at their company as a bright spot.

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Investor Mortgages Bankruptcy Equity 368

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. The Peak variation also updated seasoning requirements for Platinum-to-Platinum or proprietary-to-Platinum to 24 months, from one closing date to the next.

Mortgages 268

Mortgages Principal Loans Equity 268

Housing Wire

JULY 31, 2022

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. TCX provides a perfect mix of technology and service, providing its clients with the choice of how to close a loan at every stage of its digital evolution. Alan Frelix, CEO.

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Closing Title Technology Staging 367

Housing Wire

MARCH 4, 2025

While a few properties have closed, there was only one property, as of March 2, that closed escrow. Two hours ago, a second property just closed in the Palisades. Other than that, six others are in escrow, but nothing else is closed, clarified Anthony Marguleas, CEO of Amalfi Estates.

Land 219

Land Development Closing Banks 219

Housing Wire

AUGUST 15, 2024

Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were primarily in response to the bank’s prior motion for a partial summary judgment and offer reasons why the motion should be denied. Attorneys for the U.S.

Bankruptcy 436

Bankruptcy Banks Development Loans 436

BAM Media

OCTOBER 22, 2024

Real RISE 2024 kicks off today, October 22nd, with some exciting new developments in AI and fintech for real estate agents who’ve joined (or will join) the brokerage. Last Friday, October 18, Real President Sharran Srivatsaa gave the closing presentation at our own in-person event, BAM Mania. and Canada. and Canada.

Brokerage 98

Brokerage Development Branding Technology 98

Housing Wire

APRIL 21, 2025

CrossCountry Mortgage and digital banking platform Blend on Monday announced an expanded partnership to drive innovation for independent mortgage banks ( IMBs ). Blend’s developed enhancements some of which are already live at CrossCountry Mortgage, with others set to launch in 2025 include branch- and LO-level configurations.

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Loan Officer Technology Banks Development 293

Housing Wire

APRIL 28, 2025

“So aside from hiring and building our sales team, we’re focusing on deepening our partnerships and developing repeat working with PennyMac. “They’ve been able to compete with banks and credit unions, and so that’s been a big win for us. “There’s a lot of talk about choice in the channel. .

Marketing 361

Marketing Principal Mortgages Loans 361

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Among its dozens of limited partners are major banks, which are the kinds of customers Blend is servicing, Mayopoulus pointed out. Stay tuned for updates.

Loans 496

Loans Banks Loan Officer Branding 496

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. banks and credit unions, where nCino currently has over 1,100 customers.”. appeared first on HousingWire.

Banks 437

Banks Technology Equity Development 437

Housing Wire

JANUARY 27, 2022

Can allegations of redlining sink a bank merger? The merger will create a bank with $45.8 The new organization will be the sixth-largest bank headquartered in the Midwest, Old National said when it announced the transaction. alleging that the bank carried out redlining in its mortgage lending practices.

Banks 397

Banks Loans Lending Development 397

Housing Wire

JUNE 17, 2024

Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6 Before joining the company, she worked for Bank of America , JPMorgan Chase and Compass Bank. billion in mortgages, down from $5.3 billion in the previous quarter.

Lending 418

Lending Mortgages Banks Closing 418

Housing Wire

SEPTEMBER 10, 2021

According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk profile, resulting in “reckless practices.”

Lending 458

Lending Banks Loans Mortgages 458

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. How modernized servicing creates customers for life. Presented by: Sagent Lending Technologies.

Land 420

Land Lending Technology Banks 420