Housing Wire

JULY 24, 2025

According to Modex, the bulk of his business has gone to Nationwide Equities Corp. There are some high loan amounts too — one reverse mortgage on a home in Palisades, California, was for $9.1 She became a licensed adviser for Home Equity Conversion Mortgages ( HECMs ) in 2010. Traditional Mortgage Acceptance Corp. ,

Mortgages

The Mortgage Report

JULY 24, 2025

Just understand that the money typically isn’t free,” says Matt Schwartz , branch manager and loan officer with Southlake Mortgage. They may be able to point you to special programs that national banks sometimes overlook,” says Fortune. Down payment assistance can be a great option.

FHA 203k rehab loan

The Mortgage Report

AUGUST 1, 2025

Start here Whether you’re updating a dated kitchen, converting the garage into a home office, or making essential repairs, home renovations can quickly add up in cost. From personal loans to tapping into your home equity, there are several financing options that can help you tackle your project without draining your savings.

Renovation

Redfin

JULY 30, 2025

Conventional loans Offered by private lenders such as banks and mortgage companies, Conventional loans are one of the most common choices for first-time buyers. These loans are not government-backed and are known for their competitive rates and terms, making them ideal for borrowers with good credit and financial standing.

Loans

Rochester Real Estate

NOVEMBER 5, 2015

A few lenders developed a program called bank statement loans. This new loan program requires business owners to provide 12-24 months bank statements to be used as proof of income. A good loan officer will have a feel for this during your initial discussions. Assets are still required to be fully documented.

Mortgages

Housing Wire

DECEMBER 27, 2024

In fact, after two years of losses, independent mortgage banks (IMBs) as a group returned to profitability in the second quarter of 2024, with 78% of them reporting a profit. But challenges arise when loan officers are reluctant to transition to the new company due to changes in compensation structures , product offerings and other factors.

Mortgages

Housing Wire

DECEMBER 2, 2024

The CFPB’s focus is on how brokerage firms comply with loan officer compensation rules, particularly in regard to lender-paid versus borrower-paid options. Additionally, the bureau is evaluating whether brokers effectively shop for the best loan options for borrowers and adhere to fair lending practices.

Brokerage

The Mortgage Report

JUNE 12, 2025

At its three previous meetings, the central bank held rates steady in January, March, and again in May. The central bank had waited for the economy to show sustainable softness before loosening its monetary policy in 2024. When mortgage shopping, be sure to ask your loan officer about these and potentially other services.

FHA 203k rehab loan

The Mortgage Report

JULY 22, 2025

The central bank held rates steady at its four previous meetings in January, March, May, and June. The central bank had waited for the economy to show sustainable softness before loosening its monetary policy in 2024. When mortgage shopping, be sure to ask your loan officer about these and potentially other services.

FHA 203k rehab loan

Housing Wire

NOVEMBER 22, 2024

Mr. Cooper has been at the forefront of this consolidation, acquiring $356 billion in MSRs, advances and subservicing contracts from Flagstar Bank and $83 billion from Home Point Capital , among other deals. Kyle Waters, chief analytics officer at Maryland-based First Home Mortgage Corp. The regulatory side for places like J.P.

Mortgages

Housing Wire

JULY 10, 2025

Rate predictions went awry Mark Worthington, a Bend, Oregon-based branch manager for Churchill Mortgage , says that clients were misled by loan officers who thought they could “predict” rates, leading them to push their budgets. “I equate buying a house with a lot of analogies. ” she said.

Debt-to-income ratio

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. of banks reported to have tightened standards on government residential mortgages, the report showed. branches and agencies of foreign banks.

Lending

Housing Wire

NOVEMBER 2, 2023

Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits.

Banks

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. It funded $4.2

Lending

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.

Lending

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Those who are tired of paying rent are purchasing homes and starting to build equity, according to Wax. ” Monson said.

Loan Officer

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

Banks

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. of banks reported weaker demand for HELOCs.

Lending

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. loan officers] in pods.’”.

Banks

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.

Mortgages

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgages

Housing Wire

SEPTEMBER 27, 2023

Rhode Island-based chartered bank Washington Trust Company has agreed to pay $9 million to settle a redlining case with the U.S. community bank, was accused of illegally avoiding providing mortgage services to majority Black and Hispanic neighborhoods in Rhode Island. However, the bank denies the allegations.

Banks

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. A couple of things.

Industrial

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

Housing Wire

MARCH 19, 2024

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award. Morgan , Bear Stearns , and Lehman Brothers.

Equity

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio.

Loan Officer

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). non-Bank financial institutions at Fitch Ratings.

Marketing

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. CCBank, founded in 1993, had nearly $871 million in total assets and $127 million in equity capital at the end of 2023.

Mortgages

Housing Wire

AUGUST 9, 2024

Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. Blend’s platform segment includes its mortgage banking suite, which experienced a revenue decrease of 17% year over year to $18.5 million in Q2 2024.

Banks

Housing Wire

MAY 25, 2023

has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. Department of Veteran Affairs (V.A.)

Mortgages

Housing Wire

APRIL 18, 2024

Shelley Giordano In 2019, the group exited the American College and reformed as the Academy for Home Equity in Financial Planning at the UIUC. The lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

Equity

Housing Wire

AUGUST 13, 2021

Today it’s over 70% at big banks, and between 95% to 99% for top producers. Most loan officers lose 70% of their past customers because they don’t have the process or tools to manage the relationship forward. However, the real threat right now is in the emerging banking-as-a-service. Tech becomes fintech.

Loan Officer

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements.

Loan Officer

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. ” Traditional banks have proximity to borrowers due to a preponderance of local branches across the country.

Mortgages