Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. The EnerBank team, led by Charlie Knadler, will join Regions as part of its consumer banking group reporting to Peters. The space remains dominated by depository banks.

Banks 331

Banks Renovation Marketing Lending 331

HomeLight

MAY 28, 2024

The closing date marked on your calendar is like a door waiting to be opened — a door that leads to a big life change. But how long does a wire transfer take after closing? Find Agent What is a wire transfer in a home sale? When you sell your home, the proceeds are often part of your next move.

Closing 102

Closing Closing costs Banks Loans 102

Housing Wire

NOVEMBER 1, 2021

The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. ” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S. .

Banks 363

Banks Mortgages Loan Officer Lending 363

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The sale is expected to close in the third quarter of 2024.

Loans 363

Loans Mortgages Due diligence Banks 363

Housing Wire

SEPTEMBER 2, 2021

While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology. Additionally, borrowers have stated that the two most appreciated aspects of an online application process were “a simpler application process (55%) and reduced time to close (53%).”

Technology 405

Technology Closing Loan Officer Mortgages 405

Housing Wire

NOVEMBER 3, 2022

Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of the double whammy of still-rising inflation and interest rates. Stratmor predicts that by year’s end, nearly 50 M&A transactions involving IMBs will have been announced or closed.

Banks 389

Banks Mortgages Loans Equity 389

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

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Sales Mortgages Principal Equity 342

Housing Wire

APRIL 27, 2022

First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. Headed by Dan Smith , FCM is a wholly-owned subsidiary of First Community Bank of Tennessee and includes wholesale, correspondent, and retail divisions.

Sales 309

Sales Mortgages Banks Lending 309

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. An accelerated broker closing program and regional underwriting and closing teams are just some of the ways Flagstar’s wholesale program equips brokers with the tools they need to grow.

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Lending Banks Technology New Construction 309

Housing Wire

OCTOBER 28, 2021

After rising 8% in August, pending home sales dropped 2.3% in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. While market activity is lower than a year ago, the pending home sales index is still up 7% than September 2019. The index dropped to 116.7

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Sales Renovation Banks Marketing 414

Housing Wire

FEBRUARY 2, 2023

The silver lining for the business was the strong sales in its Encompass loan origination software system in the fourth quarter, executives said in its latest earnings call on Thursday. We had a very strong quarter in Encompass sales,” Ben Jackson, president and chair of ICE Mortgage Technology, said in its fourth quarter earnings call. “In

Technology 342

Technology Sales Mortgages Lending 342

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. Pending home sales decreased in all four regions compared to one year ago.

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Sales MLS Construction Banks 286

Toronto Realty Blog

JANUARY 22, 2024

” was a much better hook… Back in October, I wrote the following: October 10th, 2023: “So You Want To Purchase A Power Of Sale, Do You?” Today, I want to look at how bank-owned properties are priced, listed, and sold, and I want to use real examples. It was posted for lease in November and closed in December.

Banks 71

Banks Sales Marketing MLS 71

Housing Wire

MAY 10, 2023

The data also suggests that the economy is close to peak rent inflation—lower monthly rent prices have been recorded for two consecutive months, and the price growth for new leases is still decelerating. According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. month over month, thanks to a 0.6%

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Closing MLS Construction Residential 347

Housing Wire

SEPTEMBER 16, 2022

Fannie Mae has completed the sale of its 27 th reperforming-loan offering since the inaugural transaction in 2016. The deal represents Fannie Mae’s fourth reperforming-loan sale this year and involves a total of some 6,060 loans valued at $986.4 Terms of the sale were not disclosed. million; pool 2, 2,217 loans valued at $338.9

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Sales Principal Loans Banks 392

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.

Closing 453

Closing Loans Banks Investor 453

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. Stavvy was formed in 2018 when co-founders Kosta Ligris and Josh Feinblum discussed the idea of building technology to simplify the closing process.

Banks 276

Banks Mortgages Lending Technology 276

Housing Wire

FEBRUARY 5, 2021

Closing out this week’s people mover announcements, Western Alliance Bank named Jim Karr as national sales manager for its correspondent mortgage solutions team, which is part of the bank’s Specialized Mortgage Services group. Kinney has also held senior leadership positions at The Carlyle Group , Greenhill & Co.,

Banks 240

Banks Mortgages Lending Investor 240

Housing Wire

MARCH 6, 2024

In turn, the bank is expanding its board of directors, adding four new seats to include Mnuchin, the former Comptroller of the Currency Joseph Otting, Allen Puwalski from Hudson Bay, and Reverence Capital’s managing partner Milton Berlinski. ” On a call on February 7, management told analysts that the bank’s total liquidity was $37.3

Equity 303

Equity Mortgages Banks Commercial 303

Housing Wire

MARCH 18, 2022

I closed 28 H4P transactions last year, over 1% of the national total. 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.”. The post Reverse mortgage originator: real estate CE helps close more purchase loans appeared first on HousingWire.

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Loans Closing Mortgages Equity 450

Marco Santarelli

MARCH 19, 2023

Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure due to rising interest rates and a high proportion of uninsured deposits. The report titled ‘Monetary Tightening and US Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?'

Banks 145

Banks Title Equity Industrial 145

Housing Wire

MAY 23, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, according to the Mortgage Bankers Association ’s (MBA) newest quarterly performance report.

Loans 376

Loans Mortgages Banks Industrial 376

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

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Short sale Closing costs Closing Sales 97

Calculated Risk Real Estate

JUNE 7, 2024

The Fed noted this increase in demand for HELOCs in the October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices : “banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs).” 1 (sometimes called the Flow of Funds report) released today.

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Closing Equity Short sale Banks 55

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. On these crazy days in the financial markets, I stress to people, it’s not how the trading day goes that matters; it’s the final closing number.

Mortgages 436

Mortgages Marketing Banks Closing 436

Housing Wire

MARCH 30, 2023

Freddie Mac’s Primary Mortgage Market Survey showed on Thursday that the 30-year fixed-rate mortgage was 6.32% as of March 30, down 10 basis points from the previous week, mainly due to the economic uncertainty caused by bank collapses. banks made $30 billion in deposits at First Republic Bank. ” Surging rates ahead?

Marketing 511

Marketing Fixed-rate mortgage Banks Mortgages 511

HomeLight

OCTOBER 25, 2023

Whether you’re buying or selling, you’re probably wondering how to avoid closing costs. They’re a pain no matter what side of the transaction you’re on; for buyers, they can add to an already expensive purchase ; for sellers, they take a sizable chunk out of the sale price of their home. Title and settlement fees. Home warranty.

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Closing costs Closing Title Inspection 96

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. HW: Why are DSCR cash flow, bank statement and second lien mortgages popular right now?

Debt-to-income ratio 345

Debt-to-income ratio Mortgages Banks Investor 345

Housing Wire

APRIL 18, 2024

Mortgage payoff fraud occurs when a title company mistakenly sends payoff funds to a fraudulent bank account after receiving wire instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters. said in a statement. “We

Title 452

Title Land Mortgages Banks 452

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. ” Floify plans to roll out new integrations with popular borrower verification report providers and an e-closing vendor, as well as enhanced functionality with existing integration partners in the coming months.

Mortgages 368

Mortgages Loan Officer Loans Banks 368

Housing Wire

MARCH 11, 2024

Kaye and Baker each bring $200 million in career sales volume to the firm, according to its press release. During her career, Kaye has developed expertise in luxury properties, as well as new development sales and marketing. 351 among small teams in New York state by sales volume, according to 2023 rankings by RealTrends.

Development 362

Development Brokerage Banks Agents 362

Housing Wire

APRIL 27, 2022

parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Overall, the bank’s net income in the first quarter of 2022 dropped 60.4% Michigan-based Flagstar Bancorp , Inc. billion in Q1 2021 to $5.7

Purchase and sale agreement 389

Purchase and sale agreement Mortgages Banks Branding 389

HomeLight

MAY 29, 2024

Selling your home in Michigan can be a fairly straightforward process, especially if you’re open to the idea of a cash sale. In this guide, you’ll learn how to identify reliable cash home buyers in Michigan and understand the steps involved in a successful cash sale. Receive your offer in 24 hours and close in as few as 10 days.

Proof of funds 86

Proof of funds Sales Due diligence Investor 86

Housing Wire

APRIL 18, 2024

Those who have adopted non-QM are seeing additional loans closed each month they otherwise wouldn’t have procured. Deephaven’s sales team strategically uncovers every loan option and exception to meet the distinctive needs of borrowers. The solution is a Bank Statement loan which falls under non-QM. workforce is changing.

Marketing 365

Marketing Loans Investor Banks 365

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. But it’s not all grim news.

Equity 363

Equity Lending Banks Loans 363

Housing Wire

MARCH 27, 2023

First Citizens Bank & Trust Company will acquire failed Silicon Valley Bank (SVB), which unexpectedly failed earlier this month and sent shock waves across the financial sector. The abrupt closure of SVB, after a run on deposits had left it insolvent , marked the largest bank failure in the U.S.

Banks 72

Banks Purchase and sale agreement Loans Loan Officer 72

Housing Wire

NOVEMBER 8, 2022

The Federal Reserve has given the green light for the proposed merger between Flagstar Bank and New York Community Bank to go through, about 19 months after the deal was agreed to. billion merger deal, which was first announced in April 2021, is now expected to close on Dec. Mortgage rate volumes of $4.8

Banks 352

Banks Lending Mortgages Finance 352