Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones.

Design 458

Design Mortgages Lending As-is 458

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). The bank failed to raise capital to plug a $1.8

Banks 384

Banks Commercial Finance Technology 384

Housing Wire

OCTOBER 17, 2022

Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared with HousingWire. It also notes that 67% of renters with an existing credit score saw scores increases.

Banks 458

Banks Loans Industrial Mortgages 458

Housing Wire

JULY 8, 2024

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The narrative gap Mortgage banking executives are tasked with bridging a significant narrative gap. Click Here Rene Rodriguez is a best-selling author, keynote speaker, and the CEO of Volentum.

Banks 406

Banks Mortgages Industrial Technology 406

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. But insurance companies arent the only players taking note of the potential here, and we could see banks re-enter the non-QM space.

Banks 384

Banks Due diligence Residential Investor 384

Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. SmartSale is designed as an alternative for sellers who are navigating financial challenges or simply seeking greater control, Auction.com explained.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

JUNE 12, 2025

The firm plans to work with independent mortgage banks , credit unions , servicers and brokers across the country by offering “strategic legal solutions across compliance, litigation, and risk mitigation,” according to a press release.

Mortgages 408

Mortgages Loans Brokerage Banks 408

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

Marketing 391

Marketing Lending Branding Banks 391

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We

Banks 421

Banks Mortgages Loans Investor 421

Housing Wire

JUNE 21, 2024

According to the announcement, this report can be used as evidence that a bank or title company performed identity verification before authorizing a transaction. Qualia Shield also offers a multivariable assessment of wire instructions that examines the bank routing number, account number and account ownership.

Design 416

Design Title Banks Closing 416

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.

Lending 237

Lending Equity Banks Construction 237

Housing Wire

FEBRUARY 8, 2024

To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved in the reverse mortgage business for the first time since the early 2010s. national bank, a large bank [that is considering entering] reverse.

Banks 408

Banks Mortgages Technology Branding 408

Housing Wire

JUNE 12, 2025

has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. Bank Statement (Overland): Uses 12–24 months of bank statements in place of tax returns to verify income. Nonqualified mortgage ( non-QM ) lender Logan Finance Corp.

Finance 266

Finance Lending Investor Loans 266

Housing Wire

DECEMBER 9, 2024

Because of that, more people in the industry have a better understanding of seniors unique challenges, which could necessitate more products designed for them. How do we bridge the semantics and just put it into mortgage banking language to help people understand what we are? That role is an active one, Allen said.

Mortgages 365

Mortgages Lending Banks Industrial 365

Housing Wire

JANUARY 17, 2025

Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. It also has a proprietary origination system designed to speed up the funding process. A&Ds goal is to be an industry leader, and this transaction is a big step forward.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

MAY 28, 2025

In 2010, Parks became the trustee for a living trust designed to pay the victims expenses stemming from the accident, from which the victims account contained the $1.66 Colby Parks, 65, stole more than $530,000 from a client who received about $1.66

Mortgages 298

Mortgages Loans Lending Design 298

Housing Wire

JUNE 2, 2023

based ESSA Bank & Trust over allegations that the company engaged in redlining majority Black and Hispanic communities from access to credit services around the Philadelphia area. When banks engage in redlining, they perpetuate existing patterns of segregation and widen the racial wealth gap in our country.

Banks 305

Banks Lending Loan Officer Loans 305

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. Flagstar also offers brokers the opportunity to participate in the Flagstar FLEX monthly webinar series designed to help them better their businesses. Our platform is scalable, and we allow brokers to work with us the way that they choose.

Lending 368

Lending Banks Technology New Construction 368

Housing Wire

MAY 28, 2025

The program is now available through two separate products designed for different groups of borrowers: EEP Pathway and EEP DocLight. EEP DocLight is designed to help gig economy workers, first-time homebuyers and those who may not have qualified for a mortgage under traditional FHA guidelines.

Equity 264

Equity Design Banks Mortgages 264

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

JUNE 10, 2025

Too many older Americans are unable to access their own home equity , not because of poor credit, but because traditional lending products weren’t designed for life after 62,” Mayer said in a statement. So retirees can live more comfortably, not more cautiously.”

Equity 358

Equity Principal Development Mortgages 358

Housing Wire

FEBRUARY 6, 2025

Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Deephavens Equity Advantage Closed End Second is a second mortgage designed for one purpose assisting borrowers in borrowing their equity. Bank statement loans Accepting a borrower who doesnt have a traditional 9-5 job can be a challenge for some lenders.

Loans 288

Loans Mortgages Equity Construction 288

Housing Wire

NOVEMBER 21, 2024

Add a statement mailbox (Cost: $ ) A stylish mailbox adds personality and can reflect the home’s design. Check out our highly-rated recommendation for an easy way to add some flair without breaking the bank. Fresh paint, a unique gate design, or the addition of climbing plants create a welcoming boundary that defines the space.

Design 369

Design Staging As-is Agents 369

Housing Wire

MARCH 14, 2025

DOGE Service that are ostensibly designed to limit or dismantle the Consumer Financial Protection Bureau (CFPB), its former director appeared Friday morning on CNBC to discuss the upheaval while warning consumers about the risks of a diminished bureau. Scrutiny by the CFPB scrutiny gave these companies serious concerns, Chopra said.

Banks 259

Banks Lending Mortgages Investor 259

Housing Wire

APRIL 22, 2025

But theres excellent news non-QM loans are designed to do precisely that, giving borrowers the freedom to use alternative income verification methods like bank statements, asset depletion, and more. However, non-QM loans arent designed for subprime borrowers in most cases. What does the future of Non-QM lending look like?

Lending 243

Lending Loans Investor Design 243

Housing Wire

JANUARY 14, 2025

Open bank and trust accounts Next, you’ll need to set up all the necessary business banking accounts and Trust accounts. When we rebranded, we invested in professional design to ensure our messaging stood out. Related article 11 iconic real estate logos + Tips to design (or refine) yours 5.

Brokerage 366

Brokerage Branding Agents Industrial 366

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. ”

Mortgages 244

Mortgages Commercial Lending Loans 244

Housing Wire

FEBRUARY 10, 2025

Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles. The company designed the platform to help lenders process complex loans with efficiency. ” Cardinal Financial’s non-QM suite will kick off with four loan products.

Loans 288

Loans Finance Investor Mortgages 288

Housing Wire

MAY 15, 2025

MORE’s model offers a short-term bridge loan typically around three years in length that’s designed to give buyers time to refinance or secure permanent financing. Theyve got $500,000 in the bank, they make $200,000 a year, they got their stuff together. ’ Every single one of them says, Absolutely.

Finance 370

Finance Lending Bankruptcy Residential 370

Housing Wire

OCTOBER 28, 2024

In a significant move designed to expand homeownership access, the Federal Home Loan Bank of New York (FHLBNY) announced the adoption of an alternative credit scoring model to boost mortgage credit availability. The wholesale bank will now allow members to pledge mortgage collateral using the VantageScore 4.0

Debt-to-income ratio 420

Debt-to-income ratio Banks Loans Mortgages 420

Housing Wire

APRIL 10, 2024

HomeEquity Bank , the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective June 30. “We for a campaign designed to inform people about bad actors targeting seniors.

Mortgages 431

Mortgages Banks Title Design 431

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. The entire system has to be designed to inflate the price over time. Remember, the system is designed to keep home prices inflated.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

APRIL 21, 2025

By aligning your work time with your natural productivity periods, you can bank massive gains in how much work you get done. For that reason, one of the most productive time-blocking techniques for a real estate agent can be to designate a certain section of your day to respond to emails, phone calls, and text messages.

Agents 354

Agents Construction As-is Banks 354

Housing Wire

JANUARY 10, 2024

HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant. In a new campaign from HomeEquity Bank launching Jan.

Mortgages 420

Mortgages Banks Marketing Staging 420

Housing Wire

MARCH 24, 2021

Nicholas Hahn announced as Gateway First Bank’s new chief financial officer. billion community bank in eastern Iowa. His ability to design and execute strategic plans that focus on key business drivers will improve Gateway’s efficiency and enable us to deliver results in a cost-effective way. Nicholas Hahn.

Banks 410

Banks Finance Industrial Design 410

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. Nearly 90% of VA-backed loans are made with no down payment.

Industrial 449

Industrial Fixed-rate mortgage Banks Loans 449

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Bankruptcy 466

Bankruptcy Banks Loan Officer Loans 466