Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. The last day for fundings is April 28, the regional bank said in an e-mailed response.

Lending 384

Lending Banks Finance Loans 384

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. . It was the biggest bank failure since Washington Mutual collapsed in 2008.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

Housing Wire

SEPTEMBER 26, 2023

On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day. “[Our goal is ] Having a unified platform that can serve all the products that a bank can offer.

Banks 421

Banks Mortgages Loans Investor 421

Housing Wire

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Acquisition Corp. United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Banks 410

Banks Mortgages Due diligence Technology 410

Housing Wire

MARCH 16, 2023

financial institutions — and resulted in the failures of Silicon Valley Bank and Signature Bank. Investors flock to safer assets amid fears brought by bank collapses, and the 10-year Treasury note fell from nearly 4% at the start of last week to 3.4% But what is there to expect ahead for the housing market? by mid-week.

Banks 384

Banks Mortgages Fixed-rate mortgage Lending 384

Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. He is expected to strengthen Cenlar’s relationships with stakeholders in this role, including agency investors, shareholders, clients, and rating agencies. territories.

Investor 369

Investor Due diligence Loans Banks 369

Housing Wire

MARCH 22, 2023

The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. banking system is sound and resilient. Powell, however, said the weaknesses at SVB are not broadly present in the banking system. “The U.S.

Banks 410

Banks Lending Mortgages Commercial 410

Housing Wire

DECEMBER 21, 2022

I , a blank check company affiliated with fintech Figure Technologies that planned to merge with a mortgage bank, will be delisted from the New York Stock Exchange. Figure Acquisition Corp. Figure’s plan to go public through a SPAC has been scrapped with the NYSE’s decision.

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Banks Mortgages Technology Lending 466

Housing Wire

NOVEMBER 2, 2020

As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to make the most of the chance to permanently elevate the case for affordable housing even as economic metrics are starting to shift.

Investor 432

Investor Banks Finance Development 432

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Do they need a pre-closing investor review? Of that volume, $6.2

Investor 370

Investor Pre-approval Loans Lending 370

Inman

MAY 4, 2023

Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they're calling off their merger.

Banks 148

Banks Investor Loans Mortgages 148

Housing Wire

AUGUST 29, 2022

A San Francisco real estate investor with political ties was found guilty of bank fraud and making false statements to Quicken Loans as part of a larger federal investigation targeting public corruption in the city. . million real estate loan to Kelly.”. Makras’ firm’s $715,000 loan to the Kellys paid off, according to the indictment.

Loans 295

Loans Investor Banks Lending 295

Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. And if we can better bank those investors and consumers, it could be just a massive addressable market for the company.”.

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Equity Investor Marketing Title 409

Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. Cangemi said in a statement that the bank’s deposit ratings remain “investment grade” at other credit rating agencies.

Mortgages 441

Mortgages Banks Marketing Commercial 441

Inman

MAY 30, 2023

Should you jump on the bandwagon or leave self-storage to institutional investors? Here's what to consider before investing in a storage facility, according to SparkRental co-founder G. Brian Davis.

Investor 148

Investor Banks 148

Housing Wire

FEBRUARY 5, 2021

Invictus Capital Partners , an alternative investment management firm, appointed Doug Kinney as senior managing director, head of investor relations. Kinney most recently served as managing partner and co-head of the capital raising and investor relations team at BentallGreenOak , and brings more than 25 years of experience to his new role.

Banks 356

Banks Mortgages Lending Investor 356

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. The post Flagstar Bank to back trio of mortgage-tech startups appeared first on HousingWire. which have since completed the program.

Banks 380

Banks Mortgages Lending Technology 380

Inman

MARCH 22, 2023

At a time when all eyes are seemingly on the fall of Silicon Valley Bank and Signature Bank, RealPage Chief Economist Jay Parsons is watching the impact of something else.

Banks 153

Banks Investor Marketing 153

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. DiNello was the CEO of Flagstar Bank , the depositary recently acquired by NYCB, and will be named as non-executive chairman.

Equity 416

Equity Mortgages Banks Commercial 416

Housing Wire

FEBRUARY 28, 2024

Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Debt-to-income ratio 431

Debt-to-income ratio Mortgages Banks Investor 431

Housing Wire

APRIL 18, 2024

Realtors , small business owners, gig workers, freelancers, real estate investors, CPAs, doctors and lawyers with their own practices all could be a non-QM borrower. Real estate investors build portfolios in every market condition There is a large pool of borrowers who purchase regardless of market conditions – real estate investors.

Marketing 421

Marketing Loans Investor Banks 421

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. The post Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions appeared first on HousingWire. We’re well-capitalized and committed to mortgage, particularly the broker channel.

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Lending Banks Technology New Construction 370

Housing Wire

JANUARY 26, 2022

. “We are building and already know we can deliver the best wallet share acceleration program for banks and credit unions, using the same strategies we’ve done in mortgage,” Kutsishin said. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 381

Investor Sales Mortgages Loan Officer 381

Inman

JUNE 6, 2023

The Tennessee real estate investor told Inman how he does it. Brad Smotherman bought 28 homes last month without traditional financing. He plans to double his business by the end of 2024.

Investor 147

Investor Banks Finance 147

Housing Wire

MARCH 20, 2024

.” Earlier in March, Fed Chair Jerome Powell emphasized during his semiannual monetary policy testimony that the central bank needed “just a bit more evidence” that inflation was on the right path before implementing its first rate cut since March 2020. at the end of 2024. Most penciled out three quarter-point rate cuts this year.

Investor 458

Investor Banks Mortgages As-is 458

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Loans 441

Loans Investor Banks Finance 441

Housing Wire

MARCH 20, 2024

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week. JP Morgan Chase & Co. and Jefferies Financial Group Inc. — to take its lending division, LendCo , public.

Lending 421

Lending Equity Technology Banks 421

Housing Wire

DECEMBER 13, 2023

“The market progressively got worse around the start July of 2022 and then throughout the course of 2023, driven by the Federal Reserve raising rates and the lack of liquidity in the banking sector,” said John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co.

Mortgages 409

Mortgages Marketing Banks Investor 409

Housing Wire

NOVEMBER 25, 2020

Many real estate investors were serendipitously ahead of this shift even before the pandemic started, driven by both affordability and an affinity for overlooked markets. Those markets I’m able to put a little bit less money in but also make a comfortable amount of return,” said Bijan Green, a Denver-based real estate investor. “A

Investor 545

Investor Marketing Renovation New Construction 545

Housing Wire

FEBRUARY 5, 2024

Mortgage rates briefly exceeded 8% in October but had eased as investors gained confidence that the Fed was nearing the end of its phase of interest rate hikes. 1, Powell signaled that the central bank isn’t likely to cut interest rates in March as investors had hoped. “In After the most recent FOMC meeting on Feb.

Mortgages 473

Mortgages Investor Banks As-is 473

Housing Wire

FEBRUARY 15, 2024

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. So we’ll look for him to leverage his relationships into access to investors. Shant has an incredible network. That’ll be a big part.

Loan Officer 409

Loan Officer Commercial Investor Banks 409

Better Dwelling

JANUARY 31, 2022

Canada’s central bank is adding another data point to show the extent of real estate investors. A Bank of Canada (BoC) staff report looked at the country’s mortgage market up to Q2 2021. They found over 1 in 5 recently issued mortgages in Canada went to investors. The data reveals a sharp increase, but even […].

Banks 90

Banks Investor Mortgages Marketing 90

Inman

MAY 23, 2023

Not every bank is at risk, JPMorgan CEO Jamie Dimon said Monday during an investor conference. But for lenders with more exposure to commercial properties, the months ahead could be tough.

Banks 148

Banks Commercial Investor Lending 148

Better Dwelling

DECEMBER 7, 2020

Another Big Six bank has notified investors they’re prepared for falling home prices in the near future. National Bank of Canada (NBC) notified investors last week the bank has revised its outlook based on data up to Oct 31. In all […].

Banks 115

Banks Investor 115

Inman

MARCH 15, 2023

The struggling mortgage lender assures investors that it has moved $225 million in cash that it held at Signature Bridge Bank to another institution.

Banks 148

Banks Investor Mortgages 148

Bigger Pockets

FEBRUARY 13, 2024

Now that hundreds of cities and towns across the country are moving to ban or limit short-term rentals, investors who used to make bank off these properties have to readjust their strategies to stay in the game. Here's one way that they're doing it—and it's proving to be just as lucrative.

Investor 124

Investor Banks 124

Housing Wire

NOVEMBER 2, 2023

HousingWire: How did the non-QM sector fare this year among rate increases, slow purchase volumes and the difficulties in the banking sector? Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population.

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Banks Investor Lending Loans 450