Housing Wire

FEBRUARY 11, 2025

Mortgage lending, small business loans, and investments in local development projects are all driven by local lenders who know their markets, live in their communities, and have a vested interest in the growth of their economies. The FHLBanks are also key players in affordable housing and community development initiatives.

Lending

Housing Wire

JANUARY 7, 2025

Bank ‘s threshold for affordable housing payments 28% of monthly income. Ohio is projected to experience statewide population declines in 74 of 88 counties over the next 25 years, according to the Ohio Department of Development. The national average income is $74,755, according to NetCredit.

Development

Housing Wire

JANUARY 8, 2025

On Wednesday, the Office of the Comptroller of the Currency (OCC) took protective measures by issuing a proclamation that allows national banks, federal savings associations, and federal branches and agencies of foreign banks to close their offices in areas of California affected by the fires.

Banks

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The industry is getting the talent developments and potential new students to enter their workforce. It’s a true collaborative effort, Hoffman added.

Banks

Housing Wire

APRIL 10, 2025

To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. It is at the intersection of business, banking, and the economy. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field.

Investor

Housing Wire

MAY 21, 2025

“Our technology eliminates the tedious ‘stare and compare’ work of analyzing bank statements while enhancing fraud detection and ensuring consistency across underwriting decisions,” said Paul Gigliotti , chief growth officer at Prudent AI. That’s a considerable amount of paper to go through.

Mortgages

Housing Wire

MAY 29, 2025

Thats mainly because, on the front end, with a high interest rate, theres a real stagnation in mortgage origination, said Anna Krogh , director of business development at Dovenmuehle Mortgage , the third-largest U.S. Mihir Bhatia, a Bank of America analyst who covers mortgage companies, said he expects the trend to continue.

Mortgages

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

Housing Wire

JANUARY 28, 2025

. … The trend over the last few years of banking financing retreating from this sector , I think it opened up a lot more opportunities for BPL lenders to be the at the forefront of the funding solution to residential developers and investment. I think [about] five years ago, banks were still extremely active in the sector.

Residential

Housing Wire

MAY 2, 2025

Consolidation is intended to streamline leadership and improve coordination across the organizations core divisions, which include capital, community development and housing solutions, leaders said. The move comes as Enterprise combines its finance and operations functions following the recent departure of former COO Drew Warshaw.

Finance

Housing Wire

JULY 16, 2025

Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023. Because the 2023 final rule is subject to legal action and has not taken effect, the agencies continue to apply the 1995 regulations to banks today,” the agencies said in a joint statement.

Banks

Housing Wire

JULY 21, 2025

Other examples include a software developer with multiple 1099s, a real estate agent with seasonal income spikes, or a small business owner maximizing deductions. Under standard guidelines, each of these individuals might be denied a mortgage that a W-2 employee earning half as much would be able to secure.

Lending

Housing Wire

FEBRUARY 26, 2025

These are some of the elements that Medina Cicak, chief commercial officer for Heartland Bank in Australia , and Keira Billot, the bank’s New Zealand -based general manager of retail and reverse mortgages, discussed in an interview with HousingWire s Reverse Mortgage Daily (RMD). Department of Housing and Urban Development (HUD).

Mortgages

Housing Wire

OCTOBER 22, 2024

Rawls is the latest addition to a leadership team of seven executives at the developing company. Guaranteed Rate Affinity highlighted Rawls’ promotion as a key development in their partnership with New Jersey-based real estate franchise Coldwell Banker , a subsidiary of Anywhere.

Lending

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. Pritesh Damani Chief Technology Officer of Real Real agents also have access to banking services through Real Wallet: Real agents based in the U.S. and Canada.

Brokerage

Housing Wire

JUNE 8, 2025

Real estate brokerages have faced their fair share of challenges over the past year — from legal threats and business practice changes, to a slow housing market and the breakneck pace of technological development. You can’t take growth and cash it in at the bank if there is no profit there,” the president of Local Realty said. “I

Brokerage

Housing Wire

MARCH 24, 2025

If lenders arent actively developing relationships with builders and structuring loan programs to meet this demand, theyre missing a critical opportunity. The market is local and lenders must think that way A common misconception in mortgage banking is that we operate in a national market. Those who dont?

Technology

Housing Wire

FEBRUARY 18, 2025

HousingWire s Reverse Mortgage Daily (RMD) had a chance to meet up with Medina Cicak, Heartland Bank s chief commercial officer in Australia , and Keira Billot, the New Zealand -based general manager of retail and reverse mortgages. In New Zealand, there are only two main providers of reverse mortgages, both are banks, they said.

Banks

Housing Wire

APRIL 10, 2025

policymakers scramble for answers, countries abroad have already developed and deployed practical solutions. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. And while U.S. The scale of the lock-in problem is staggering.

Design

Housing Wire

NOVEMBER 1, 2024

Department of Housing and Urban Development (HUD) requesting that the agency, at minimum, align its cybersecurity reporting requirements with those of Ginnie Mae. These updated reporting requirements harmonize FHA with existing standards established by the federal banking agencies.” A draft Mortgagee Letter (ML) was posted Sept.

Banks

Housing Wire

JULY 1, 2025

Name Job Title Company Name Abigail Williams Chief Legal Officer Lima One Capital Alexandra Lumpkin Chief Legal Officer The Real Brokerage Ali Haralson President Auction.com Alison Adams Grey Chief of Staff LPT Realty Amy Adams National Real Estate Expert The CE Shop Amy Butler Executive Vice President, National Sales Northpointe Bank Amy Creason Co-founder (..)

Title

Housing Wire

DECEMBER 17, 2024

has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate , homebuilding and title insurance industries. The reverse mortgage division of Fairway Independent Mortgage Corp.

Lending

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. In 2023, spreads reached as high as 3.10%.

Mortgages

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

Housing Wire

MARCH 4, 2025

Communities are also encouraging their neighbors not to sell to developers. Developers will come in and think they can make money. Selma Hepp , chief economist for CoreLogic , told HousingWire that in terms of the lot prices, data will lag due to closing times.

Land

Housing Wire

APRIL 29, 2025

Mike Kent and Jim Cory SVP of corporate development and industry relations at Liberty Reverse Mortgage and managing director of reverse at Guild Mortgage , respectively welcomed industry members to the associations first event but wasted little time in assessing the current advocacy landscape for the reverse mortgage business.

Industrial

Housing Wire

JULY 14, 2025

In order to serve those “out-of-the-box” borrowers, lenders specializing in non-QM have developed sophisticated, yet flexible, underwriting guidelines that rigorously assess financial stability. Bank statement loans: These are a game-changer for self-employed individuals, freelancers and small business owners.

Investor

Housing Wire

MARCH 19, 2025

Halonen joins Longbridge after more than four years at TD Bank , where he served as a senior vice president and head of underwriting. He previously served at other large financial services companies such as Citi and US Bank. They may share a lot of similar characteristics with reverse mortgages, he said.

Banks

Housing Wire

NOVEMBER 14, 2024

“They’ve managed to continue securitizing across their platforms, which has allowed them to grow their portfolio, increase earnings, and get back to covering the dividend from an earnings-available-for-distribution standpoint this quarter, which was a positive development,” Harter said.

Investor

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!

Title

Housing Wire

NOVEMBER 14, 2024

The team will develop and execute the company’s investment strategies, secondary market activities, and risk management, among other things. Meanwhile, Rettinger joined Pennymac in 2010 after holding leadership roles at Bank of America and HSBC. In October, Chang stepped down and was succeeded by Mark Elbaum. He left in June.

Mortgages

Housing Wire

MARCH 6, 2025

Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. Prior to the four properties he purchased via SmartSale in 2024, all of Richards Auction.com purchases were through online bank-owned (REO) auctions. million registered users.

Renovation

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.,

Equity

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

Housing Wire

FEBRUARY 27, 2025

Lastly, Acra Lending also uses automated bank statement processing technology that automatically calculates borrower income. Acra Lending will only continue to evolve as its internal team manages a significant share of the companys technology development efforts in the future.

Lending

Housing Wire

JANUARY 29, 2025

Its been a while since there were any substantive updates to the lawsuit playing out between Texas Capital Bank (TCB), the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae over a dispute involving Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ).

Banks

Housing Wire

MARCH 13, 2025

Vice Capital Markets , a mortgage hedge advisory firm for independent lenders, banks and credit unions, announced Thursday that it is the first to integrate Fannie Mae s new loan pricing application programming interface (API) into its trading portal.

Loans