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.” This could make the overall cost to entry — which is already low — more digestible.

Construction 466

Construction Finance Development Marketing 466

Housing Wire

MAY 14, 2025

BOK Financial recently announced the launch of its new mortgage finance line of business, a new vertical dedicated to meeting the credit needs of nonbank mortgage originators across the country. The addition of mortgage finance will create a full-service ecosystem tailored to the needs of the company’s client base.

Finance 199

Finance Mortgages Lending Banks 199

Housing Wire

OCTOBER 22, 2024

Leo CoPilot can help agents generate automated marketing materials by leveraging data from an MLS. The final product Real unveiled at RISE is Real Wallet , a financial platform designed to help agents control and manage their finances. It automatically scans documents for errors before they are submitted to the broker. and Canada.

Agents 410

Agents Brokerage Technology Staging 410

Housing Wire

MAY 21, 2025

that have long been viewed as a refuge for affordable homeownership are now grappling with rising prices , limited inventory and increasing competition pressures once thought unique to urban housing markets. ” Inventory squeeze, financial access The report found that rural housing markets are increasingly behaving like urban ones.

New Construction 312

New Construction Banks Lending Construction 312

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Bankruptcy 421

Bankruptcy Equity Hard money loan Finance 421

Housing Wire

NOVEMBER 18, 2024

Department of Veterans Affairs (VA) and the Federal Home Loan Banks (FHLBs) in New York, Chicago and San Francisco. by October 2025, as required by the Federal Housing Finance Agency (FHFA). These include the U.S. The initiative comes as the mortgage industry prepares for mandatory adoption of VantageScore 4.0 In 2024, VantageScore 4.0

Mortgages 391

Mortgages Principal Banks Loans 391

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank is a consumer and business banking company owned by US Bancorp. Bank is based in Minneapolis. John Hummel Prior to joining U.S.

Banks 416

Banks Lending Loan Officer Loans 416

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates.

Loans 410

Loans Finance Mortgages Banks 410

Housing Wire

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Hoffman has spent more than 30 years in mortgage banking, 22 of them at Flagstar, where he started as an account executive. According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 lender in the space.

Banks 413

Banks Lending Equity Commercial 413

Housing Wire

JANUARY 14, 2025

Its an ominous start to 2025 after many housing market experts predicted that mortgage rates would drop by a full percentage point or more by the end of the year. Given a resilient labor market, we now think the Fed cutting cycle is over, Bank of America analysts wrote. This is also the highest rate since June 2024. in November.

Mortgages 397

Mortgages Banks Loans Finance 397

Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Would you say that the majority of these are smaller investors?

Residential 341

Residential Lending Finance Banks 341

Housing Wire

APRIL 10, 2025

Americas housing market isnt just cooling its frozen in place. homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. 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.

Design 224

Design Marketing Fixed-rate mortgage Finance 224

Housing Wire

NOVEMBER 15, 2023

Providence, Rhode Island-based Citizens Bank , the 28th largest U.S. Citizens was among the few large depository banks operating in retail, wholesale and correspondent in the mortgage space. However, shrinking mortgage volume caused by high mortgage rates and fiercer competition have challenged the bank’s strategy.

Banks 441

Banks Mortgages Finance Brokerage 441

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

Finance 416

Finance Residential Investor Lending 416

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

MAY 2, 2025

billion in secured revolving bank financing lines. Companies have repeatedly demonstrated access to unsecured markets and should be able to refinance at economical terms, Fitch said. The list of companies that recently issued debt includes Better Home & Finance Holding Co. Its debt-to-equity ratio was 3.4

Finance 369

Finance Equity Banks Mortgages 369

Housing Wire

AUGUST 8, 2024

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial , has struck a deal to acquire Greenwoods Financial Group , the owner of Greenwoods State Bank. George aims to assist Greenwoods in expanding the bank’s footprint and market share in Wisconsin and throughout the Midwest.

Banks 439

Banks Equity Mortgages Loans 439

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 419

Banks Lending Residential Staging 419

Housing Wire

NOVEMBER 14, 2024

mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer. He left in June.

Mortgages 367

Mortgages Loan Officer Loans Banks 367

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. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgages 404

Mortgages Equity Loan Officer Loans 404

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. In the mortgage space, TD Bank was a top-35 U.S. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates.

Banks 412

Banks Lending Loans Finance 412

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. Non-QM market share grew from less than 3% of U.S. What would increased bank participation in non-QM look like?

Banks 384

Banks Due diligence Residential Investor 384

Housing Wire

FEBRUARY 11, 2025

Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. The FHLBanks impact on the financial system cannot be overstated.

Lending 364

Lending Banks Development Loans 364

Housing Wire

OCTOBER 30, 2024

But public filings analyzed by Inside Mortgage Finance revealed that seller repurchases rose to $430 million in the second quarter of 2024 — a 29% increase from the previous quarter. Freddie Mac has seen a nearly 55% reduction in repurchase requests from its peak in the first quarter of 2023. points,” Mittal said.

Debt-to-income ratio 402

Debt-to-income ratio Loans Loan Officer Finance 402

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. Buyers surveyed by the company at that time said that higher acquisition costs, higher rehabilitation costs and unfavorable mortgage rates were the key factors keeping them out of the market.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

JANUARY 3, 2025

As a result, modular construction has become the most effective solution for addressing developers needs for sustainability and business integrity, while avoiding costly premiums that decelerate value for housing investors and buyers within todays tight lending market.

Development 409

Development Construction Finance Investor 409

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. Pennymac TPO is the country’s second largest third-party originator trailing United Wholesale Mortgage (UWM), per Inside Mortgage Finance estimates. market share in the TPO space.

Banks 418

Banks Mortgages Finance Sales 418

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. Gen Z renters in particular expect digital-first experiences, and have emerged as a powerful consumer base within the rental market. Census Bureau.

Property Management 368

Property Management Technology Banks Construction 368

Housing Wire

JANUARY 19, 2024

Tennessee-based community bank Patriot Bank agreed to pay $1.9 Over the same six-year period, other banks received nearly 3.5 Patriot Bank denied any allegations of redlining. million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices.

Banks 452

Banks Loan Officer Lending Loans 452

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

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. For many investors, given the current state of volumes, it remains a niche market that doesn’t demand much attention.”

Investor 368

Investor Mortgages Bankruptcy Equity 368

Housing Wire

APRIL 18, 2025

These requirements signal rising market risks, driven in part by growing concerns over cybersecurity and data integrity, the report said. The company characterized its transaction-level review which includes license verification, coverage validation and bank data checks as a market standard to manage such risks.

Title 336

Title Closing Commercial Loans 336

Housing Wire

MAY 2, 2025

The move comes as Enterprise combines its finance and operations functions following the recent departure of former COO Drew Warshaw. Earlier in his career, Rands worked at Citibank as a finance director. The move was effective May 1. Rands holds an MBA and a bachelors degree in political science from the University of Utah.

Finance 280

Finance Development Branding Banks 280

Housing Wire

APRIL 1, 2024

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 The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. billion have been completed.

Equity 440

Equity Finance Purchase and sale agreement Investor 440

Housing Wire

MAY 19, 2025

With rates in the high-6% range on 30-year fixed products, borrowers are increasingly turning to 7/1 ARM products , said Mike Fratantoni , chief economist for the Mortgage Bankers Association , during the trade group’s Secondary & Capital Markets Conference on Monday in New York City. It was a more affordable mortgage.”

Loans 311

Loans Mortgages Banks Finance 311

Housing Wire

JULY 11, 2024

A magistrate judge overseeing requests in a case against Ginnie Mae brought by Texas Capital Bank (TCB) has granted each side’s respective requests for an extension — one for a partial summary judgment for TCB, and the other for a change in venue by attorneys for the U.S. government.

Banks 397

Banks Bankruptcy Mortgages Lending 397