Housing Wire

OCTOBER 31, 2024

According to data from the Federal Reserve Bank of New York , roughly 750,000 home equity lines of credit ( HELOCs ) were issued to borrowers ages 55 or older in 2023. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

OCTOBER 22, 2024

The company is in expansion mode, bolstering its offerings to meet new market demands. At Movement, Rawls started as a loan officer before taking over as producing bank manager. At Movement, Rawls started as a loan officer before taking over as producing bank manager.

Lending 431

Lending Mortgages Loan Officer Development 431

Housing Wire

MARCH 24, 2025

26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. Dark Matter Technologies makes it a priority to stay ahead of these trends, ensuring our clients have the right tools to scale efficiently when market conditions change. The HousingWire Economic Summit, held Feb.

Technology 367

Technology Loan Officer Loans Banks 367

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. It funded $4.2

Lending 468

Lending Banks Loan Officer Loans 468

Housing Wire

JULY 15, 2024

Loan originators in today’s mortgage market have weathered significant challenges. Educate with market intelligence: In a fluctuating market , knowledge is power. Stay updated with the latest market trends, rate movements, and industry news. Use this information to educate your clients and referral partners.

Loan Officer 434

Loan Officer Loans Banks Mortgages 434

Housing Wire

APRIL 29, 2024

Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank , which state regulators seized on Friday to “protect depositors.” billion in 2023, with most of it being conventional (74%) and purchase (65%) loans. billion.

Banks 444

Banks Closing Loan Officer Loans 444

Housing Wire

MAY 28, 2024

FDIC) this month announced a settlement with Arkansas-based Bank of England over alleged violations of the Federal Trade Commission Act, the Real Estate Settlement Procedures Act (RESPA), the Fair Credit Reporting Act (FCRA) and the Home Mortgage Disclosure Act (HMDA). The bank has been issued an order to pay a civil penalty of $1.5

Banks 457

Banks Mortgages VA loan Loan Officer 457

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. While mortgage rates are high, rent in the Tampa Bay, Florida market has also been rising. It’s starting to even out.

Loan Officer 397

Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

JANUARY 19, 2024

Tennessee-based community bank Patriot Bank agreed to pay $1.9 The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans.

Banks 481

Banks Loan Officer Lending Loans 481

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. Blend’s mortgage banking software processed 23.2% of the total market originations in the second half of 2022, up from 14.5%

Loan Officer 418

Loan Officer Loans Banks Technology 418

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.

Mortgages 370

Mortgages Loan Officer Loans Banks 370

Housing Wire

DECEMBER 4, 2024

She joins the company’s leadership team to further its presence and performance in the Washington market. Rate executive Rich Kamien praised Lindsay for delivering consistently in an unpredictable market. “She has steadily demonstrated her ability to deliver consistent rates even in the most volatile market conditions.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. The FHA/VA share in Q2 2023 stood at 22.9%

Loan Officer 418

Loan Officer FHA loan Loans Mortgages 418

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. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. That’s encouraging to know.

Banks 468

Banks Mortgages Lending Loan Officer 468

Housing Wire

NOVEMBER 13, 2024

Smith previously served as president and CFO of Stearns Lending , CFO of Caliber Home Loans , executive for core servicing and centralized sales for Bank of America and CFO of consumer markets for Countrywide. Meanwhile, Smith said Movement is “uniquely positioned to win big in the coming years.”

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

OCTOBER 4, 2023

Indiana-based First Savings Bank plans to lay off over 100 mortgage employees in the coming months, according to documents filed with authorities in multiple states. News of the plans come as political instability and a strong job market push mortgage rates closer to 8%. The bank reported a net income of $2.3

Banks 468

Banks Mortgages Lending Loan Officer 468

Housing Wire

NOVEMBER 1, 2021

The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. ” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S.

Banks 448

Banks Mortgages Loan Officer Lending 448

Housing Wire

SEPTEMBER 19, 2024

Department of Justice (DOJ) announced this week that they have secured a $15 million conciliation agreement with New Jersey-based OceanFirst Bank to settle allegations of discriminatory redlining in certain neighborhoods with majority Black, Hispanic and Asian populations. Department of Housing and Urban Development (HUD) and the U.S.

Banks 446

Banks Lending Loans Loan Officer 446

Housing Wire

AUGUST 30, 2021

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 The bank, based in Texas, also has branches in Alabama, Florida, Georgia and Tennessee.

Banks 418

Banks Lending Loan Officer Loans 418

Housing Wire

JANUARY 30, 2024

Cincinnati-based First Financial Bank has agreed to direct $2.4 Another $700 million is expected to be invested in mortgage lending, with a focus on rural areas, the development of community mortgage loan officers, small-dollar mortgages and home improvement loans, among other products for LMI borrowers.

Banks 434

Banks Mortgages Lending Loan Officer 434

Housing Wire

OCTOBER 11, 2021

The largest depository bank in Indiana, Old National Bank , is being sued for alleged redlining practices that spanned more than a decade. According to FHCCI, out of the 2,250 mortgage loans made by the bank from 2019 to 2020, a measly 37 were to Black borrowers across the entire Indianapolis market.

Banks 435

Banks Lending Loan Officer Loans 435

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. In addition, the bank discouraged these customers from obtaining home loans, according to the complaint.

Banks 435

Banks Lending Loan Officer Loans 435

Housing Wire

FEBRUARY 19, 2025

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank.

Loan Officer 325

Loan Officer Lending Loans Technology 325

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. As with the entire mortgage industry, BNC National Bank was heavily impacted by rising interest rates last year.

Banks 397

Banks Mortgages Loan Officer Residential 397

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

Banks 370

Banks Loan Officer Loans Lending 370

Housing Wire

MARCH 6, 2025

The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. We believe our agent attraction pipeline is strong, and we are confident in continuing this momentum into 2025 regardless of broader market conditions.

Brokerage 370

Brokerage Agents Loan Officer Technology 370

Housing Wire

OCTOBER 15, 2024

billion in mortgages over the past year, according to Modex data, and it has made no bones about tapping high-volume loan officers in targeted locations to gain market share. PrimeLending is backed by Hilltop Holdings , a holding company that includes PlainsCapital Bank and Hilltop Securities.

Loan Officer 448

Loan Officer Banks Mortgages Industrial 448

Housing Wire

SEPTEMBER 28, 2022

On Tuesday, the fintech and PNC Bank announced a partnership that allows customers to digitally apply for a mortgage and import bank/payroll information directly into their application. PNC mortgage loan officers can also collaborate real-time with customers through their online portal, the bank said.

Banks 369

Banks Loan Officer Technology Title 369

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The increased awareness around these benefits have positioned brokers to be the obvious choice when it comes to consumer mortgage needs, keeping them competitive with large banks and retail lenders.

Industrial 476

Industrial Loan Officer Marketing Loans 476

Housing Wire

JANUARY 12, 2023

Los Angeles-headquartered City National Bank agreed to pay $31 million in relief to impacted individuals and communities to settle a redlining case with the U.S. Consequently, other banks received more than six times as many applications in these neighborhoods in Los Angeles County than City National each year.

Banks 397

Banks Loan Officer Loans Commercial 397

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. The company’s average mortgage loan was about $1.45

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

APRIL 22, 2025

However, one mortgage company is in a prime position to transform the market and deliver value to mortgage professionals. In this executive interview, NEO Home Loans President Ryan Grant discusses the company’s partnership with Better Mortgage , which is aimed at combining technological innovation and local market knowledge.

Lending 368

Lending Loans Mortgages Technology 368

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” billion in 2023, an increase from $2.1 billion last year.

Marketing 418

Marketing Loan Officer Lending Banks 418

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. loan officers] in pods.’”.

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. Companies may be struggling in one way or another.

Loan Officer 370

Loan Officer Marketing Pre-approval Fixed-rate mortgage 370

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448