Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. According to Inside Mortgage Finance (IMF) estimates, Flagstar originated $15.7 30 to $4.20

Mortgages 420

Mortgages Banks Marketing Commercial 420

Housing Wire

MARCH 6, 2024

The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. A former CEO of OneWest Bank from 2010 and 2015, Otting will become the CEO of NYCB, replacing Alessandro DiNello, who has held the position since Thomas Cangemi stepped down earlier this week.

Equity 368

Equity Mortgages Banks Commercial 368

Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Higher interest rates have slowed down the economy and made loans prohibitively expensive. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. Plus, many owners have no other option.

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Lending Commercial Banks Construction 113

Housing Wire

JULY 14, 2023

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection.

Mortgages 349

Mortgages Commercial Banks Loans 349

Marco Santarelli

NOVEMBER 16, 2023

In a compelling presentation at the Commercial Economic Issues and Trends Forum during the 2023 NAR NXT, Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), indicated that the commercial real estate sector is poised for revitalization, calling on the Federal Reserve to consider a crucial move – cutting interest rates.

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Commercial Banks Lending Loans 103

Housing Wire

JULY 7, 2023

ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors. But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-and-flip or a bridge loan than in past years.

Marketing 368

Marketing Lending Banks Loans 368

Housing Wire

APRIL 7, 2023

trillion in commercial real estate debt will mature, “… by far more than any 5-year period in history.” Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. An opportunity for commercial real estate investors and developers? What does this sound like to you?

Commercial 388

Commercial Banks Fixed-rate mortgage Residential 388

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

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Lending Loan Officer Loans Technology 426

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: What are the risk management challenges for REO assets?

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Due diligence Marketing Mortgages New Construction 397

Housing Wire

SEPTEMBER 15, 2023

Authorization : A digital loan file of record accessed by a broad range of trusted identities from lenders to guarantors to investors requires a permission structure. The result should be collapsing costs and cycle times, improving quality, reducing repurchase risk and certifying that a loan, and its related assets are “Fit 4 Sale.”

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Commercial Technology Investor Title 396

Housing Wire

MAY 8, 2023

Flagstar Bank , a top-25 U.S. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. ” Meanwhile, Signature brought in high-net-worth customers and took the loan-to-deposit ratio to less than 90%, strengthening the bank’s balance sheet. .”

Banks 355

Banks Lending Loans Mortgages 355

Marco Santarelli

APRIL 4, 2023

Signature Bank Failure Update: What's Next? The Federal Deposit Insurance Corporation (FDIC) has announced its plans to sell the commercial real estate holdings left over from Signature Bank. FDIC has announced a framework for selling off approximately $60 billion in the loan portfolio of Signature Bank following its failure.

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Banks Loans Commercial Residential 40

Housing Wire

FEBRUARY 21, 2024

Many Axis trainees come from sales-based careers in hospitality, retail or insurance, which makes it easier to adapt to the mortgage business. Hall joined Axis’ first program in 2021, learned the ropes and landed a paid internship at EscrowTab , a software company, where she now handles sales support. were women.

Mortgages 378

Mortgages Title Marketing Lending 378

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

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Technology Development Title Lending 441

RIS Media

FEBRUARY 15, 2022

New data from the Mortgage Bankers Association’s (MBA) indicates commercial and multifamily mortgage loan originations were 79% higher in the fourth quarter of 2021 compared to a year ago, and increased 44% from the third quarter of 2021. Health care property loan originations decreased 17%, compared to the fourth quarter of 2020.

Commercial 98

Commercial Lending Loans Investor 98

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. That concern is overblown, according to several market experts. Easy target.

Purchase and sale agreement 390

Purchase and sale agreement Banks Mortgages Residential 390

Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 billion in assets, has a diverse portfolio of residential and commercial real estate assets. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 million loss in the first quarter.

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Marketing Bankruptcy Loans Principal 392

Broke Agent Media

MARCH 29, 2023

The ESR Group does not anticipate a repeat of the 2008 Financial Crisis but rather something closer to the Savings & Loan Crisis of the 1980s. A previous forecast was finalized before the recent bank failures. With the U.S. Source: Fannie Mae Here’s what you need to know. Or they could just come along for the ride.

Banks 98

Banks Loans Construction Mortgages 98

Marco Santarelli

OCTOBER 6, 2023

When you start searching for mortgage options, you will probably find out that there are different types of mortgage loans to choose from for an investment property. With so many types of loans, you may most likely don't know where to begin. Different Types of Loans You Can Get for an Investment Property 1.

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Loans Hard money loan Lending Investor 98

Housing Wire

APRIL 14, 2022

The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”. Each agency has a $225 billion regulatory cap on the size of its asset portfolio, however, which includes mortgage loans and MBS holdings.

Marketing 403

Marketing Purchase and sale agreement Investor Banks 403

Realty Biz

SEPTEMBER 14, 2022

The rest is financed through your loan with a bank, which you slowly pay off over time. . Unfortunately, commercial real estate is rarely this simple. If you’re new to commercial real estate investing, it’s important to know about the capital stack. The post What Is Preferred Equity in Commercial Real Estate?

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Equity Commercial Investor Finance 93

Housing Wire

AUGUST 25, 2022

That has contributed to UWM’s competitors taking losses on loans when they can least afford it. During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans.

Mortgages 393

Mortgages Equity Loans Seller concession 393

Housing Wire

MARCH 1, 2023

That reflects a substantial reduction in new and existing-home sales and refinancing. Agency MBS trading activity also “dwarfs the other segments of the market, with $288 billion of daily trading volume,” according to a recent report from the Federal Reserve Bank of New York. Outright sales of 2% and 2.5%

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Marketing Banks Mortgages Investor 381

Housing Wire

MARCH 30, 2022

We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. Since we now have good coverage across those segments, our more recent investments have primarily focused in two areas – mortgage technology and commercial real estate.

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Title Mortgages Commercial Technology 368

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. Consumer loans such as mortgages and other financial documents require notarization. Register for the FinLedger Daily Newsletter.

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Closing Loans Banks Investor 482

Realty Biz

FEBRUARY 6, 2023

Commercial mortgage-backed securities (also known as CMBS) are a type of fixed-income security forming 2% of the fixed-income market. These are financial investment products on commercial properties, as opposed to residential realty. Segments These bonds are composed of underlying loans, usually contained within trusts.

Commercial 82

Commercial Principal Investor Banks 82

HomeLight

AUGUST 31, 2021

The FHA backing lets lenders offer easier credit terms than non-FHA loans. FHA loans are especially important for first-time buyers. In 2020, only about 10% of all home loans were FHA-backed, according to the agency’s annual report. If somebody’s credit isn’t strong enough, they may not qualify for another loan.

FHA loan 84

FHA loan Loans Debt-to-income ratio Banks 84

Broke Agent Media

MAY 10, 2023

He also expects home sales to increase in 2024 after bottoming out this year. Yun’s forecast for the commercial real estate market includes a decrease in valuations of commercial properties and a decline in total transactions. commercial real estate market. in 2023 and fall below 6.0%

Commercial 75

Commercial Marketing Residential Banks 75

Marco Santarelli

DECEMBER 6, 2023

After reaching a peak near 8% in October, the retreat in mortgage rates is anticipated to stimulate housing inventory and sales. The MBA survey, a staple since 1990, draws on responses from mortgage bankers, commercial banks, and thrifts, covering more than 75% of all retail residential mortgage applications in the US.

Mortgages 105

Mortgages Fixed-rate mortgage Loans Commercial 105

Realty Biz

FEBRUARY 19, 2024

Zoning determines land use, such as residential, commercial, or agricultural. Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. If traditional loans are unattainable, explore alternatives like seller financing, personal loans, or partnering with investors.

Land 126

Land Due diligence Title search Finance 126

Realty Biz

SEPTEMBER 23, 2021

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. Miami-Dade County total home sales surged 30.6% year-over-year in August 2021, from 2,527 sales to 3,299. Miami-Dade County total home sales surged 30.6% 1 overall sales month in Miami history.

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Sales Fixed-rate mortgage Short sale Equity 104

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. To figure out the best place to find REO homes, we did a lot of digging and looked at banks, the U.S.

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Agents Banks MLS Title 80

Housing Wire

APRIL 17, 2024

High mortgage rates, fewer mortgage applications and fewer home sales are unfortunately not the only effects housing professionals could see from a more prolonged high-rate environment. trillion in commercial real estate debt comes due over the next few years. Homebuilders, too, feel the effects of prolonged high rates.

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Mortgages Fixed-rate mortgage Banks Residential 464

HomeLight

SEPTEMBER 22, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Federal Reserve — also known as America’s central bank or simply the Fed — was created in 1913 to serve as a safe and reliable financial system for the country.

Banks 92

Banks Loans Commercial Finance 92

Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? What is an investment property for sale? Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. You make the money when you buy it.

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Sales MLS Renovation Investor 80

GeekEstate

OCTOBER 5, 2022

Following record home price appreciation over the last two years, housing sales have largely stalled and mortgage originations are expected to decline by more than 40 percent year-over-year. After two record-setting years of loan origination volume, the mortgage industry is contracting, sharply.

Technology 119

Technology Marketing Investor Loans 119