Housing Wire

OCTOBER 31, 2024

With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes. Consumers should also avoid emailing financial information, such as bank account numbers.

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Housing Wire

APRIL 17, 2025

Housing industry pros are largely supportive of the raft of changes the Federal Housing Administration made related to the COVID-19 era loss mitigation waterfall. We’ve seen that with banks who have exited the FHA market during COVID, he said. We needed to take extraordinary measures, but that’s already years ago.

Industrial

Housing Wire

NOVEMBER 18, 2024

by a number of industry players. Department of Veterans Affairs (VA) and the Federal Home Loan Banks (FHLBs) in New York, Chicago and San Francisco. The initiative comes as the mortgage industry prepares for mandatory adoption of VantageScore 4.0 These include the U.S. now or risk losing access to key mortgage GSEs.”

Mortgages

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

Mortgages

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. California and Washington are the bank’s main markets. According to the mortgage tech platform Modex , HSBC originated about $3.5

Loan Officer

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. subservicer in 2024 with a $340 billion portfolio.

Mortgages

Housing Wire

APRIL 30, 2025

Industries across the nations economic sector are just as reliant on digital devices and online services as the rest of us and are attracting the unwanted attention of cybercriminals this includes the real estate sector. After being notified, the FBI froze the fraudulent bank account. billion in 2023.

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Housing Wire

MAY 27, 2025

Banking and mortgage technology company nCino made a large reduction in force (RIF) ahead of its quarterly earnings call on Wednesday. ” nCino, based in North Carolina, makes a cloud-based banking system that is used for commercial banking and mortgage, including a popular loan origination system. .

Technology

Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage.

Earnest money deposit

Housing Wire

APRIL 8, 2025

Learning from industry giants Over the years, real estate firms have shone a pattern of several years of ascent followed by a plateau. According to industry stalwart Steve Murray, founder of RTC Consulting , “Firms that once commanded the market and struck fear into their competitors are no longer as dominant.

Brokerage

Housing Wire

JANUARY 13, 2025

“Chris is an industry expert when it comes to driving revenue growth and building partnerships. The University of Florida alum also has chairman and executive leadership experience with companies like Tax Guard , Capital Bank , Ally Financial , Fifth Third Bank and Bank of America.

Banks

Housing Wire

JANUARY 20, 2025

Unfortunately, industry experts are anticipating that things will only get worse in 2025 as gen AI makes committing cybercrime easier than ever. According to industry leaders, fraudsters use of AI is making the scams believable, and unfortunately for the victims, it’s working.

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Housing Wire

MARCH 26, 2025

That’s according to the CFO Survey, a collaboration between Duke Universitys Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. The panel includes firms that range from small operations to Fortune 500 companies across all major industries. The CFO Survey was fielded from Feb. 18 to March 7.

Banks

Housing Wire

APRIL 10, 2025

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. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field.

Investor

Housing Wire

MARCH 19, 2025

Richards has a long history in leadership and executive roles in the mortgage industry. During a 10-year tenure at Bank of America , she served in multiple roles, with the last being as senior vice president of national underwriting. At the time of her hiring, she remained the CEO of LendArch. The case is still ongoing.

Lending

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

Housing Wire

JULY 21, 2025

As a result, the industry is seeing an expansion of the very definition of Qualified Mortgages (QMs), guidance supporting alternative income documentation, and stronger data-driven compliance frameworks that account for a wider range of “non-standard” income situations.

Lending

Housing Wire

OCTOBER 18, 2024

Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Messages left with Provident were not immediately returned on Friday.

Mortgages

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.

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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

Housing Wire

DECEMBER 19, 2024

At Compass, he founded The Apollo Group, a team that achieved national acclaim from industry observers. Caldwell also brings robust banking experience with the likes of U.S. Bank and JPMorgan Chase. The 2023 RealTrends Verified rankings listed the group as the No. 1 mega team by sales volume and units.

Brokerage

Housing Wire

APRIL 17, 2025

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023, according to the Mortgage Bankers Association (MBA)’s annual Mortgage Bankers Performance Report.

Loans

Housing Wire

MARCH 24, 2025

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. However, economists and industry leaders at the summit reinforced that every market is different.

Technology

Housing Wire

FEBRUARY 18, 2025

Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. Heartland Bank is the largest provider by a vast majority.

Banks

Housing Wire

JULY 1, 2025

HousingWire is excited to introduce the winners of its annual Women of Influence award, recognizing 100 women whose achievements are driving the housing industry forward. Many are paving the way for future generations through mentorship, volunteer initiatives, and by serving on boards that influence key industry practices.

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Housing Wire

JANUARY 14, 2025

To excel, you must enter the industry with four main elements: a clear vision, a recognizable brand, an inspired team, and the systems to support them. Open bank and trust accounts Next, you’ll need to set up all the necessary business banking accounts and Trust accounts. The industry is constantly evolving.

Brokerage

Housing Wire

JANUARY 8, 2025

Schoep told HousingWire that Farrington has a proven track record of leadership, expansion and mortgage industry expertise. “Outside of assisting notable companies to grow and scale their operations successfully, Jett has built a strong and reputable reputation within the mortgage industry, especially within the non-QM space.

Mortgages

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

Housing Wire

JUNE 8, 2025

However, the pathway to success with ancillary services is not wide open, as major industry players like Rocket and Zillow have made it widely known that they want to create end-to-end transaction platforms. “If 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

NOVEMBER 14, 2024

In the case of FOA — the current industry leader — the earnings results were robust. While Ellington’s results were softer in comparison , company leaders remain bullish on profitability prospects for Longbridge and the wider industry. With several top 10 reverse mortgage lenders now active in some form within the U.S.

Investor

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

JANUARY 8, 2025

The settlement, announced Wednesday by the Conference of State Bank Supervisors , involves 53 state financial regulatory agencies. Bayview Asset Management and three subsidiaries have agreed to pay a $20 million fine and implement a corrective plan following a 2021 data breach that affected 5.8 million customers.

Staging

Housing Wire

JULY 3, 2025

Ahoskie is part of North Carolina’s Inner Banks region — known for its natural inlets and quiet outdoor lifestyle. Miedler recently spoke to HousingWire about his company’s growth strategy and industry consolidation, among other topics.

Land

Housing Wire

APRIL 1, 2025

Mr. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024. With this acquisition complete, we are better positioned than ever to deliver a broader range of loan solutions, industry-leading technology, and our hallmark YES approach to service.

Closing

Housing Wire

FEBRUARY 26, 2025

They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away. When asked whether they saw any potential for partnering with the American reverse mortgage industry, Cicak and Billot were enthusiastic about the idea.

Mortgages

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

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. Second, the Rocket/Mr.

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