Housing Wire

MARCH 25, 2021

They currently represent the largest home-buying segment at 72 million people, are digital natives and tend to distrust large banks. The post Digital mortgage startup Maxwell lands $16M in Series B appeared first on HousingWire.

Land 421

Land Mortgages Lending Loans 421

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

JANUARY 28, 2025

. … The trend over the last few years of banking financing retreating from this sector , I think it opened up a lot more opportunities for BPL lenders to be the at the forefront of the funding solution to residential developers and investment. I think [about] five years ago, banks were still extremely active in the sector.

Residential 341

Residential Lending Finance Banks 341

Housing Wire

MAY 9, 2025

reported its Q1 2025 earnings Thursday, touting a turnaround as its financial losses narrowed, deal pipeline strengthened and it landed major clients while sharpening its focus to become “software-first.” Blend Labs, Inc. ” SEC filings show that Blend’s platform revenue for the first quarter came in at $26.8

Title 336

Title Banks Lending Mortgages 336

Housing Wire

JANUARY 15, 2021

Wall Street partners in financing facilities include Jefferies , other banks and funds and now JPMorgan Chase. The company has applied for a national bank charter that would permit it to take uninsured deposits of over $250,000 from accredited investors, but not FDIC-insured deposits. billion across these deals. This facility with J.P.

Lending 304

Lending Land Loans Technology 304

Housing Wire

MARCH 4, 2025

Since mid-February, over 80 listings for burned lots in Pacific Palisades and Altadena have appeared on the market following the devastating Los Angeles wildfires that took place in January, with land parcels fetching prices exceeding initial expectations. Anecdotally, I have heard that lots are selling quickly at the premium, she said.

Land 219

Land Development Closing Banks 219

Housing Wire

MAY 15, 2025

Seller financing spans residential, commercial and land transactions, with residential making up 63% of all deals over the past three years, Note Investor reported. Theyve got $500,000 in the bank, they make $200,000 a year, they got their stuff together. on its own. Credit score isnt everything, he said. They just had life happen.

Finance 370

Finance Lending Bankruptcy Residential 370

Housing Wire

FEBRUARY 18, 2025

HousingWire s Reverse Mortgage Daily (RMD) had a chance to meet up with Medina Cicak, Heartland Bank s chief commercial officer in Australia , and Keira Billot, the New Zealand -based general manager of retail and reverse mortgages. In New Zealand, there are only two main providers of reverse mortgages, both are banks, they said.

Banks 226

Banks Commercial Mortgages Industrial 226

The Close

NOVEMBER 12, 2024

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. It helps to be in the know.

Land 98

Land Investor Finance Development 98

Housing Wire

JUNE 4, 2025

For around $500 a person can take the 20-hour course, study for the exam, pass the NMLS and land their first career opportunity as a full-time originator. Look for value: Coaching does not have to break the bank. Thinking that this small up-front investment is how the game is played is the biggest mistake a new originator can make.

Loan Officer 339

Loan Officer Loans Sales Mortgages 339

Housing Wire

FEBRUARY 3, 2025

Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc.

Mortgages 387

Mortgages Title Lending Loans 387

Housing Wire

AUGUST 4, 2021

Depository bank Citi continues to round out its mortgage executive team under the stewardship of Brad Wayman. Louis-headquartered lending operation following a long career at Wells Fargo , the top depository bank by mortgage origination volume in the U.S. The bank funded $33.94 Bank and Sulur at USAA ).

Mortgages 410

Mortgages Banks Land Lending 410

Housing Wire

APRIL 18, 2024

Mortgage payoff fraud occurs when a title company mistakenly sends payoff funds to a fraudulent bank account after receiving wire instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters. said in a statement.

Title 473

Title Land Banks Mortgages 473

Housing Wire

FEBRUARY 15, 2024

To get the lay of the land, RMD spoke to front-line reverse mortgage originators Jim Cullen in Green Bay, Wisconsin; David Heilman in Mount Pleasant, South Carolina; and Bruce Simmons in Denver. I’ve concentrated on banking ever since I really got in this industry.”

Mortgages 408

Mortgages Banks Land Equity 408

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. The data shows that the bank produced $25.3 One push was made by acquiring the jumbo leader First Republic Bank after federal regulators seized it. billion for the year from $44 billion in 2022.

Mortgages 446

Mortgages Banks Lending Loans 446

Housing Wire

SEPTEMBER 26, 2023

They restrict the government-sponsored enterprises (GSEs) and banks from dealing in loans encumbered by PTFCs or related securities, “and prohibits the banks from accepting such mortgages or securities as collateral for advances, unless such PTFCs are ‘excepted transfer fee covenants,’” the entry explained.

Equity 419

Equity Mortgages Banks Loans 419

Housing Wire

JUNE 1, 2022

The executive brings more than 40 years of accounting experience in the financial services, banking and mortgage industries. Before landing at Waterstone Mortgage, Garrigues served as a chief financial officer at Solarity Credit Union for three years.

Mortgages 383

Mortgages Banks Lending Land 383

Housing Wire

APRIL 24, 2023

In addition to the lower mortgage rate forecast issued after the March banking turmoil, Fannie Mae’s Economic and Strategic Research (ESR) Group has upgraded its existing home sales outlook for the remainder of the year. This includes deposits at small banks, which were roughly flat — and even rose somewhat over the past two weeks.

Sales 384

Sales Banks Construction Lending 384

Housing Wire

OCTOBER 2, 2024

Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking. Mullen explains that Pretium wants to leave the banking system behind in favor of private credit. “I

Lending 432

Lending Banks Loans Residential 432

Housing Wire

FEBRUARY 27, 2024

The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. might avoid a recession in 2024, or at least experience a soft landing. These delinquent loans are an extremely small portion of the banks’ portfolios.

Banks 431

Banks Loans Land Commercial 431

Housing Wire

APRIL 10, 2024

By activating the Financial Fraud Kill Chain, which is a process to freeze the fraudulent recipient’s financial bank account, on 3,008 incidents, the Internet Crime Complaint Center’ s Recovery Asset Team was able to help protect $758 million in potential losses.

Title 430

Title Land Banks Industrial 430

Housing Wire

OCTOBER 9, 2023

We urge the Fed to take these simple steps to ensure that this sector does not precipitate the hard landing the Fed has tried so hard to avoid,” the letter read. The central bank currently holds about $2.6 The bulk of central bank officials expect to have interest rates finishing the year at around 5.6%.

Marketing 450

Marketing Banks Mortgages Land 450

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. In a 15-page letter sent to CFPB Director Rohit Chopra on Aug.

Title 441

Title Mortgages Land Loans 441

Housing Wire

JANUARY 4, 2024

RentSpree offers rental software solutions such as tenant screening, online applications, document automation, e-signatures, denial and approval communications as well as property landing pages. So did non-bank mortgage lender and servicer Mr. Cooper , as well as data host for property listing information Rapattoni.

Title 448

Title Land Banks Industrial 448

Housing Wire

MAY 26, 2023

“You hear about people getting duped by people pretending to be title companies or Realtors and directing parties within the transaction,” said David Kennedy, the CEO of Fidelity Land Title Agency of Cincinnati. In addition to the frequent comings and goings of Florida property owners, the state also sees quite a few land sales every year.

Title 384

Title Land Due diligence Sales 384

Housing Wire

APRIL 5, 2022

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. Its boundaries can be shown on a land survey and ownership is vetted through a physical deed in the jurisdiction, where the physical real estate is located. Defining virtual real estate.

Mortgages 530

Mortgages Lending Land Loans 530

Housing Wire

SEPTEMBER 30, 2023

The Fed has not helped its own cause here, as Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago , said in a speech last week : “I’m still trying to process why long-end interest rates are increasing.” Land the plane, folks, land the plane!

Mortgages 515

Mortgages Land Staging As-is 515

Housing Wire

NOVEMBER 21, 2022

According to FinCEN’s advanced notice of proposed rulemaking (ANPRM), these requirements looked at establishing more widespread recordkeeping and reporting mandates, as authorized under the Bank Secrecy Act, for individuals involved in all-cash real estate transactions in both the residential and commercial real estate sectors.

Title 397

Title Land Banks Commercial 397

Housing Wire

OCTOBER 7, 2024

In addition to MBA, the organizational roster includes the American Land Title Association (ALTA), DHI Mortgage , Fannie Mae , Fifth Third Bank , Freddie Mac , Lennar Mortgage , the National Association of Realtors (NAR), Navy Federal Credit Union , Pulte Financial Services , Taylor Morrison Home Funding , U.S.

Title 407

Title Land Lending Mortgages 407

Housing Wire

JULY 14, 2022

That’s significantly less than the average sales price of a new manufactured home without land, transportation, or set-up costs of $108,100 in 2021, according to researchers at the Urban Institute. But not all manufactured homes titled as personal property are titled separately because the borrower rents the land underneath.

Land 382

Land Title Finance Renovation 382

Housing Wire

FEBRUARY 22, 2023

It landed a $32 million Series C funding round in 2021, which was led by Ten Coves Capital , with returning investors Cota Capital, Mouro Capital , Colchis Capital , Point72 Ventures, and JPMorgan Chase. .” Roostify , led by co-founder and CEO Rajesh Bhat, has raised $65 million in venture capital, according to figures from Crunchbase.

Mortgages 384

Mortgages Technology Banks Lending 384

Housing Wire

AUGUST 3, 2023

Those include material shortages (such as a current lack of electrical transformers and the volatility of wood pricing) as well as shortages of skilled labor , zoning restrictions and available land. Dietz explained that lumber/materials, labor, land and financing are all “limiting factors” on the supply of homes in the country.

Land 370

Land Construction Development Finance 370

Housing Wire

JANUARY 4, 2024

If passed, House Bill 809 and its companion Senate Bill 1070 would bar insurance carriers from placing a coverage limit on a home that would include the value of the land the house sits on, and it would require insurance companies to offer policies that cover only the unpaid principal on a mortgage.

Principal 522

Principal Mortgages Land Loans 522

Housing Wire

JULY 14, 2023

The Maine state agencies filed the lawsuit, Franklin Savings Bank v. Bordick , under the federal Truth in Lending Act (TILA) on behalf of a couple that took out a mortgage in 2008 in order to purchase land for the construction of a new home.

Mortgages 361

Mortgages Commercial Banks Loans 361

Housing Wire

NOVEMBER 28, 2023

These loans would normally end at the jumbo market , which is dominated by banks. Amid fierce competition in a shrinking mortgage market , companies are pressured to launch new initiatives to attract wholesale brokers and land more purchase business.

Loans 533

Loans Finance Mortgages Land 533

Housing Wire

APRIL 15, 2024

Lombardo cited data from the Federal Reserve Bank of St. “Nevadans need more accessible housing, but the rising costs of materials and labor and high interest rates are creating a barrier for Nevadans to achieve their dream of owning a home.” Today, that same median home would be $2,808.00

FHA loan 431

FHA loan Land Principal Development 431

Housing Wire

SEPTEMBER 7, 2022

bank and available to U.S. In the long term, we plan to acquire land or residential properties in Dallas as well as other cities and states in the U.S. LRE recorded a total of 102 land-transaction deliveries for luxury single-family home developments in fiscal 2021 and delivered a total of 50 single-family homes and seven condos.

Development 383

Development Land Residential Construction 383