Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.

Banks 461

Banks Mortgages Lending Loan Officer 461

Housing Wire

JANUARY 17, 2025

Florida-based non-QM lender A&D Mortgage announced Friday that it has acquired the wholesale and nondelegated correspondent lending businesses of Mr. Cooper Group. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. It originated $2.37 year over year.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

MARCH 8, 2024

In remarks made Thursday to the Senate Banking Committee this week, Federal Reserve Chair Jerome Powell said he expects some U.S. banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. There will be bank failures, but not the big banks.”

Banks 489

Banks Commercial Residential Lending 489

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 299

Mortgages Commercial Lending Loans 299

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. Western Alliance Bank transformed this model over a decade ago.

Banks 426

Banks Lending Finance Mortgages 426

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 477

Design Mortgages Lending As-is 477

Housing Wire

OCTOBER 10, 2023

Lenders using MeridianLink Consumer loan origination software (LOS) will be able to leverage Blend’s unified platform and consumer banking origination software for a fast onboarding and application process for banking, credit card and loan products, Blend said in a news release on Tuesday.

Lending 426

Lending Banks Technology Loans 426

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. Leahy emphasized that his company’s approach helps individuals who dont fit the traditional lending mold. Credit score isnt everything, he said.

Finance 370

Finance Lending Bankruptcy Residential 370

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? Acra Lending has done precisely that. Acra Lending is a proven leader in the space, and it has adapted and thrived despite market shifts. higher interest rates and elevated home prices create openings for non-QM lending. billion to $3.47

Lending 312

Lending Technology Loans Mortgages 312

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. John Gibson: SVP, National Sales Director; Wholesale & Correspondent Lending.

Lending 370

Lending Banks Technology New Construction 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 This ensures that everyone within the customers sphere of influence is in full understanding of the lending process and agreement.

Mortgages 363

Mortgages Loans Lending Design 363

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 438

Lending Technology Loans Mortgages 438

Housing Wire

NOVEMBER 30, 2022

A recent lawsuit filed by Banc of California is claiming that mortgage lenders and servicers Sprout Mortgage (now defunct) and Planet Home Lending owe $1.5 In addition, the bank alleges that Sprout’s transactions with its warehouse lines have resulted in a deficiency of $2 million since the start of July 2022.

Lending 411

Lending Mortgages Banks As-is 411

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. That role is an active one, Allen said. Naturally, this includes reverse mortgages, he explained.

Mortgages 370

Mortgages Lending Banks Industrial 370

Housing Wire

DECEMBER 7, 2021

“Despite SPCPs’ being specifically authorized under [the Equal Credit Opportunity Act], for too long banks have expressed reticence to establish these programs, some citing concerns that the Fair Housing Act somehow bars what ECOA explicitly permits. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.

Lending 461

Lending Development Design Banks 461

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

Lending 427

Lending Finance Banks Equity 427

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. When asked about this perspective, Chopra appeared skeptical of its veracity.

Banks 326

Banks Lending Mortgages Investor 326

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. The post Flagstar Bank to back trio of mortgage-tech startups appeared first on HousingWire. Presented by: Total Expert.

Banks 400

Banks Mortgages Lending Technology 400

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is proud to be certified as a CDFI and to continue our mission,” Carlos Salas, CEO of Change Lending, said in a statement.

Lending 427

Lending Principal Finance Loans 427

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

Lending 392

Lending Banks Loans Residential 392

Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported. The CDFI certification is a designation given by the U.S.

Lending 370

Lending Finance Loans Design 370

Housing Wire

FEBRUARY 6, 2025

Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Bank Statement loans are designed for self-employed borrowers. These loans go up to $2.5

Loans 343

Loans Mortgages Equity Construction 343

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 392

Banks Due diligence Residential Investor 392

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Cornerstone Capital Bank was formed following a merger between a nonbank and a traditional depository.

Banks 392

Banks Loan Officer Lending Loans 392

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 428

Equity Principal Development Technology 428

Housing Wire

DECEMBER 7, 2021

That’s not just a platitude; before the Civil War, most Americans were self-employed, there was no federal income tax and banking was decentralized, making it practically impossible to verify a borrower’s employment, income and assets. The post To advance mortgage lending, trust must take backseat to truth appeared first on HousingWire.

Lending 411

Lending Mortgages Loans Banks 411

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. This form of lending is growing in popularity, and lenders seem to be catching on.

Loans 343

Loans Finance Investor Mortgages 343

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 426

Banks Mortgages Industrial Technology 426

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. Previously, the Platinum line aligned its minimum amount with Federal Housing Administration (FHA) lending limits.

Mortgages 344

Mortgages Principal Loans Equity 344

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 316

Banks Lending Loan Officer Loans 316

Housing Wire

MAY 16, 2022

Here is where it gets murky – choosing the right non-QM lending partner! You want to make sure to work with a lender that utilizes efficient technology along with strong processes designed to ensure a smooth and easy experience. Do they have a bank statement review team? Do you call the AE that just brought you doughnuts?

Lending 370

Lending Loans Investor Banks 370

Housing Wire

JUNE 6, 2023

In honor of National Homeownership Month, Chase Home Lending unveiled on Tuesday an upgraded suite of resources for homebuyers to assist in navigating the homebuying process and managing homeownership. We’re excited for consumers to explore our updated offerings and engage with tools that can help them achieve homeownership.”

Lending 370

Lending Commercial Loans Banks 370

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 ). The partnership brings together CrossCountry ‘s 7,000-plus employees across more than 700 branches and Blend ‘s technology platform that powered nearly $1.2

Loan Officer 345

Loan Officer Technology Banks Development 345

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. Presented by: Sagent Lending Technologies.

Land 440

Land Lending Technology Banks 440

Housing Wire

MARCH 1, 2021

Fred Bolstad, executive vice president of retail lending at U.S. Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bank Home Mortgage, Bolstad is responsible for over 4,000 employees, including nearly 1,400 mortgage loan officers. The post U.S.

Banks 411

Banks Lending Loan Officer Title 411

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 Bankruptcy Equity 544

Housing Wire

NOVEMBER 24, 2021

The state of New York recently adopted legislation applying the Community Reinvestment Act (CRA) to nonbank mortgage lenders, also known as independent mortgage banks (IMBs). Applying CRA to IMBs fails to recognize that IMBs are very different from banks. This comes after similar action by Illinois. So what could have an impact?

Banks 426

Banks Lending Loans Mortgages 426