Housing Wire

FEBRUARY 13, 2024

New York-based mortgage lender Logan Finance Corp. She brings more than 25 years of experience in the mortgage industry to her new position. Established in 1949, Logan Finance Corp. Logan Finance Corp. named Sarah Gonzalez as its chief operating officer. is licensed in 46 states and Washington, D.C.

Finance 448

Finance Lending Banks Loans 448

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 406

Banks Lending Finance Mortgages 406

Housing Wire

JANUARY 3, 2025

In response to drastic economic changes and environmental concerns, industries are quickly realizing the benefits of investing in sustainable practices that can positively impact their business operations. Over the next several decades, this will require our industry to invest in the development of truly recyclable building materials.

Development 409

Development Construction Finance Investor 409

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” There are many policy levers that must be pulled to get there,” the report reads. “A

Construction 466

Construction Finance Development Marketing 466

Housing Wire

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. TPO is the bank’s main source of mortgages.

Banks 417

Banks Lending Equity Commercial 417

Housing Wire

NOVEMBER 7, 2023

In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market.

Banks 450

Banks Mortgages Marketing Lending 450

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 407

Mortgages Equity Loan Officer Loans 407

Housing Wire

JANUARY 8, 2025

The settlement, announced Wednesday by the Conference of State Bank Supervisors , involves 53 state financial regulatory agencies. mortgage servicer as of September 2024, with an owned portfolio of $728 billion, per Inside Mortgage Finance. Lakeview was the third-largest U.S.

Staging 396

Staging Loans Mortgages Banks 396

Housing Wire

MAY 29, 2025

The answer lies in a remote corner of the mortgage industry: subservicing. While each deal represents a unique circumstance, they point to a broader industry truth: Scale has become increasingly critical as the cost of servicing continues to climb particularly for nonperforming loans. trillion as of Dec. 31, 2024, down from $3.99

Mortgages 352

Mortgages Loans Banks Industrial 352

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 441

Banks Mortgages Lending Loan Officer 441

Housing Wire

MARCH 7, 2024

Powell acknowledged the mounting opposition to Basel III from the banking sector, assuring lawmakers of forthcoming broad revisions to the regulatory framework that is aimed at recalibrating risk assessment methodologies and capital reserves. banks to earmark billions more in capital reserves.

Banks 421

Banks Lending Residential Staging 421

Housing Wire

APRIL 18, 2025

Implications for the mortgage industry FundingShield suggested that the heightened scrutiny points to a higher expectation of risk and a need to further confirm recourse from title insurance firms for loans sold to the GSE.

Title 346

Title Closing Commercial Loans 346

Housing Wire

SEPTEMBER 12, 2023

MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s Compliance and Risk Management Conference this week in Washington, D.C. John Rose (R-TN)’s effort to curb trigger leads, he said.

Industrial 410

Industrial Banks Finance Commercial 410

Housing Wire

MARCH 23, 2023

The ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third largest bank failures in U.S. history, respectively — also threatens liquidity channels for the independent mortgage banks (IMBs).

Industrial 421

Industrial Banks Lending Equity 421

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. In the case of FOA — the current industry leader — the earnings results were robust.

Investor 369

Investor Mortgages Bankruptcy Equity 369

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. This insurance protects lenders against losses.

Industrial 450

Industrial Fixed-rate mortgage Banks Loans 450

Housing Wire

MARCH 22, 2023

The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. billion in fully funded cash proceeds from the global investment firm Atlas SP Partners through a new senior asset-backed financing facility.

Banks 397

Banks Commercial Loans Investor 397

Housing Wire

OCTOBER 24, 2023

Trade groups and fair housing associations applauded the changes, including the extension of the implementation timeline and recognition of Special Purpose Credit Programs (SPCPs) in a bank’s CRA rating. The CRA encourages banks to help meet the credit needs of their communities, with a focus on low- and moderate-income borrowers.

Banks 405

Banks Lending Equity Development 405

Housing Wire

DECEMBER 4, 2024

Connie Lindsay “Having cultivated a deep understanding of the mortgage industry over her years in the business, Connie brings a wealth of expertise and a proven track record of success,” Kamien said in a statement. “I am excited to join Rate at such a pivotal time for the mortgage industry,” Lindsay said.

Lending 384

Lending Mortgages Loan Officer Loans 384

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. Residential mortgages can be borrowed against through FHLB financing, another reason insurance companies view them as an attractive asset.

Banks 384

Banks Due diligence Residential Investor 384

Housing Wire

JANUARY 5, 2024

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey brings more than two decades of financial industry experience to the position. A total of five additional senior account executives joined Dickey. market share in the TPO space.

Banks 420

Banks Mortgages Finance Sales 420

Housing Wire

NOVEMBER 21, 2024

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. Meanwhile, nearly two-thirds of smartphone users use an app to manage their finances.

Property Management 369

Property Management Technology Banks Construction 369

Housing Wire

JANUARY 17, 2025

A&Ds goal is to be an industry leader, and this transaction is a big step forward. Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. Mr. Cooper did not immediately respond to HousingWire’s request for comment. It originated $2.37 year over year.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 420

Finance Investor Banks Residential 420

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 368

Mortgages Lending Banks Industrial 368

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 370

Banks Mortgages Commercial Lending 370

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

Banks 233

Banks Finance Mortgages Lending 233

Housing Wire

APRIL 28, 2025

VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years. The mortgage industry accounted for 1.2% Department of Veterans Affairs and the Federal Home Loan Banks of New York, Chicago, Dallas, Cincinnati and San Francisco.

Mortgages 301

Mortgages Loans Banks Industrial 301

Housing Wire

OCTOBER 12, 2023

Amid soaring mortgage rates, housing trade groups — including the Mortgage Bankers Association (MBA), NAR and National Association of Home Builders (NAHB) – have asked the central bank to provide market certainty regarding its rate path.

Fixed-rate mortgage 541

Fixed-rate mortgage Mortgages Industrial Lending 541

Housing Wire

APRIL 1, 2024

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 441

Equity Finance Purchase and sale agreement Investor 441

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 411

Industrial Banks Residential Lending 411

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 It’s the first time that we’re now sharing free cash flow targets.

Banks 421

Banks Mortgages Loans Investor 421

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The increased awareness around these benefits have positioned brokers to be the obvious choice when it comes to consumer mortgage needs, keeping them competitive with large banks and retail lenders.

Industrial 450

Industrial Loan Officer Marketing Loans 450

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 409

Banks Mortgages Technology Branding 409

Housing Wire

FEBRUARY 6, 2025

The importance preparing yourself with non-QM options The mortgage industry is fickle. Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Luck and success favor the prepared and that fact remains in the mortgage industry. These loans go up to $2.5

Loans 301

Loans Mortgages Equity Construction 301

Housing Wire

JULY 27, 2023

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. Community banks would not be impacted.

Banks 370

Banks Lending Mortgages Equity 370

Housing Wire

APRIL 24, 2025

Ravi Jani Ravi brings a unique combination of strategic finance expertise and an investors perspective at a pivotal moment in Reals trajectory, said Tamir Poleg , chairman and CEO of Real. He began his career in investment banking at Bank of America and Moelis & Co.

Brokerage 296

Brokerage Investor Banks Finance 296