Housing Wire

MAY 19, 2025

The mortgage servicing industry faces significant challenges in managing cash flows efficiently. Independent Mortgage Banks (IMBs) dominate the origination sector, accounting for over 80% of all new mortgages. So how can the mortgage industry cut through this complexity and get a clear view of things?

Mortgages

Housing Wire

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. billion in unpaid principal balance, down 19% from the prior quarter and up 33% from Q1 2024.

Principal

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55.

Mortgages

The Close

NOVEMBER 7, 2024

You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest. Conventional loans: These can be obtained from a credit union or a bank. Industrial: Properties used for manufacturing, production, storage, and distribution.

Hard money loan

Inman

JUNE 6, 2025

Tune in to Inman Access as Jeff Tucker, principal economist at Windermere Real Estate, walks agents through client communication strategies.

Principal

The Close

NOVEMBER 25, 2024

This means picking the proper legal structure, like an LLC, registering your business, and setting up separate bank accounts. Open a Business Bank Account Once you have your EIN, set up a business bank account to separate your personal and business finances. It’s common for flippers to aim for an ROI of 20%.

House Flipping

Marco Santarelli

JULY 8, 2025

For example, a smaller, regional bank might be more aggressive with its rates to gain market share in its local area compared to a national giant. State-Level Regulations: Each state has its own set of rules governing the mortgage industry. Here's a breakdown: Principal & Interest : $2,264.38 What's Next?

Mortgages

Marco Santarelli

JUNE 16, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Here's the breakdown: Principal & Interest: $2,264.38 In pricier states (like California), where loan sizes are bigger, lenders might adjust rates to reflect perceived risk or different market dynamics. Property Taxes: $256.67

Mortgages

Marco Santarelli

MAY 2, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Economic Factors: Local economic conditions, such as unemployment rates or industry downturns, can impact lender risk assessments and, consequently, mortgage rates. But how do you actually find the best rate for you ?

Mortgages

Marco Santarelli

JUNE 11, 2025

Here's a breakdown of the key influences: Lender Presence: Not every bank or mortgage company operates in every state. State Regulations: Each state has its own set of regulations governing the mortgage industry. month Breakdown: Principal & Interest: $2,264.38 Comparisons can save you money. Property Taxes: $256.67

Mortgages

Housing Wire

APRIL 18, 2025

Mortgage lenders shouldn’t interpret the downsizing of the Consumer Financial Protection Bureau ( CFPB ) as a green light to ease compliance, despite potential mass layoffs and a shift in priorities, industry experts told HousingWire. I spent the majority of my career up until that time responding to state law issues.

Mortgages

Housing Wire

JANUARY 30, 2025

chair of the Senate Banking Committee, sent a letter to former Director FHFA Director Sandra Thompson sharing his concerns with several agency policies, highlighting that the agency approved the pilot without public input. And just recently, Sen. Tim Scott (R-S.C.), The McCarran-Ferguson Act, signed by President Franklin D.

Title

Marco Santarelli

MARCH 6, 2025

Principal and Interest (P&I): The portion of your monthly payment that goes towards paying down the actual loan amount (principal) and the cost of borrowing the money (interest). They control the federal funds rate, which is the rate at which banks lend money to each other overnight.

Mortgages

Housing Wire

NOVEMBER 22, 2024

The historically fragmented mortgage servicing space has been transformed over the past few years due to an influx of large companies and ongoing consolidation, which presents challenges for smaller players, industry experts say. Annaly has built a platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8

Mortgages

Redfin

JUNE 12, 2025

buyers often get more land and home for their dollar, and the principal residence tax exemption can be a welcome surprise. Regulated industries like healthcare or engineering require Canadian licenses, and that can delay your job search.

Principal

Housing Wire

FEBRUARY 25, 2025

His confirmation hearing in front of the Senate banking committee is scheduled for Thursday. Pulte is better known for social media philanthropy on X than he is as a housing industry figure. the minority leader of the Senate banking committee, issued her questions on Monday. Elizabeth Warren (D-Mass.),

Principal

Housing Wire

APRIL 11, 2025

While mortgage production remained under pressure at top banks in the first quarter of 2025aligning with market expectationsuncertainty looms over what the future may hold. Bank executives anticipate negative impacts from the ongoing trade war sparked by President Trumps increase in tariffs. billion in Q1 2025, up from $8.6

Banks

Housing Wire

JULY 1, 2022

Banks reported an increase in foreclosures during the first quarter of 2022, according to a quarterly survey published by the Office of the Comptroller of Currency this week. Most industry observers predicted that the national foreclosure rate would rise once foreclosure moratoriums ended on July 31, 2021. Presented by: Auction.com.

Banks

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. And this time, the most wonderful time of the year gives way to what, in the mortgage industry, could be the most awfullest time of the year. The mortgage industry has been going through these cycles since the 1980s.

Industrial

Housing Wire

JUNE 28, 2023

While it will take time to fully implement AI in the mortgage industry, the most practical use of AI in the mortgage process is document and data point recognition — or finding data and figuring out what the data is, according to a new Stratmor report on the potentials and limitations of AI.

Industrial

Housing Wire

MARCH 20, 2023

Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.” Instead, we will undergo a traumatic reshaping of the industry not seen since the savings and loan crisis of the 1980s.

Banks

Housing Wire

MARCH 20, 2024

A fresh set of quarterly economic projections from Fed officials showed that borrowing costs are expected to end the year at 4.6%, suggesting that the central bank still plans to make three cuts of 25 basis points (bps) each in 2024.

Industrial

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s That way, credit unions, banks and other lenders [can use it] to help them get off to a good start.” Consumers are more motivated and more energized, even though rates are still up and principal limits are down.

Development

Housing Wire

NOVEMBER 16, 2022

trillion in volume, according to industry forecasters. But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. With such a drastic downturn, the pressure for industry consolidation increases dramatically. trillion to $1.7

Banks

Housing Wire

MARCH 22, 2023

The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. Rates were lower at 6.45% on Wednesday on Mortgage News Daily. ​​In

Industrial

Housing Wire

NOVEMBER 3, 2022

Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of the double whammy of still-rising inflation and interest rates. The outlook is not good for large cohorts of the industry.”. trillion in 2021. trillion in 2021. Time to eat the minnows?

Banks

Housing Wire

JUNE 9, 2023

Before I open myself up to attacks here, I am using macro data from Urban Institute and there are certainly some banks who serve a broader swath of the market. More importantly, when it comes to the Ginnie Mae programs, banks contribute only 7% of all the mortgages by the FHA , VA , and USDA. In the FHA program alone, 46.3%

Banks

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Industrial

Housing Wire

MARCH 1, 2023

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. However, the ramifications of climate risk are now being felt throughout the broader industry, especially as a larger and larger percentage of this damage comes in the form of uninsured losses. You build the home to code.

Industrial

Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. The industry wants a complete stop.

As-is

Housing Wire

OCTOBER 9, 2024

Cooper, Graham held leadership positions at the Royal Bank of Canada and Standard Charter Bank. If I look at what other industries have been able to accomplish, that represents opportunity for this industry to get there and gives us inspiration,” Sharma said.

Technology

Housing Wire

JUNE 4, 2024

Warehouse lender Flagstar Bank , which has a lawsuit filed against Hometown Lenders , has the largest unsecured claim, $20.1 It’s followed by another warehouse lender, First Horizon Bank ($3.5 When the company shut down, loans were sold to investors, except those remaining with Flagstar Bank and First Horizon.

Bankruptcy

Housing Wire

FEBRUARY 28, 2022

The FHFA would also eliminate the non-performing loan charge, which industry stakeholders had complained was procyclical, the agency wrote. The lowest minimum liquidity requirement — for those servicers who are only obligated to pay whatever interest and principal the borrower pays — would be set at 3.5 basis points.

Principal

Housing Wire

JULY 30, 2024

Cooper Group has priced the issuance of $750 million in debt to refinance outstanding mortgage servicing rights (MSR) facilities, an announcement that comes only four days after making public its billion-dollar acquisition of Flagstar Bank ‘s servicing assets. that is payable semiannually.

Principal

Housing Wire

MARCH 5, 2024

A mortgage industry veteran, Vas has served since October 2023 as the president of tech company Pagaya Technologies Ltd., a KKR -owned company; Citibank ’s mortgage division; Morgan Stanley ; American Express ; and Bank of America. The company has hired industry veteran Kyle Kilpatrick to lead the newly created division.

Principal

Housing Wire

APRIL 8, 2022

“I believe that non-QM/non-agency lending represents the next phase of the mortgage industry, and I’m excited to influence it at Deephaven,” Gulotta said in a statement. This is the company that helped pioneer today’s non-QM market, and they continue to advance the industry.”. Presented by: Angel Oak.

Sales

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

Commercial