Housing Wire

FEBRUARY 4, 2025

Cornerstone Capital Bank , a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week. Other offerings will include state and local down payment assistance programs, Federal Homes Loan Bank (FHLB) grants funds and more.

Lending 293

Lending Banks Mortgages Loans 293

Housing Wire

MARCH 20, 2025

the holding company for Blue Ridge Bank and BRB Financial Group Inc. , on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Blue Ridge Bankshares Inc. , William Beale, president and CEO of Blue Ridge Bankshares, said in a statement.

Banks 264

Banks Purchase and sale agreement Mortgages Residential 264

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. The company has an aggressive marketing goal to reach the No. Market share and brand authority Why launch this site now?

Marketing 391

Marketing Lending Branding Banks 391

Housing Wire

DECEMBER 12, 2024

Proprietary data from the Auction.com marketplace, which accounts for close to half of all properties brought to foreclosure auction nationwide, shows that banks, nonbanks and mortgage servicers selling on the Auction.com platform have slowly lowered their pricing at both foreclosure auctions and bank-owned (REO) auctions over the past six months.

Marketing 370

Marketing Renovation Banks Mortgages 370

Housing Wire

DECEMBER 12, 2024

Every title company wanted a great piece of the current refi market and most would do about anything to obtain it.The problem; almost all were late to the party and not prepared. Unfortunate for most, whereas a few had prepared, most did not see the magnitude of this market anomaly! Consumers were refinancing in astronomical numbers!

Title 351

Title Marketing Banks Loans 351

Housing Wire

JANUARY 7, 2025

housing market. 18, when the central bank cut benchmark rates by 25 bps to a range of 4.25% to 4.5%. Market observers believe that the cuts will be paused when the Fed meets again at the end of January. The new year has arrived, but little has changed regarding the direction of mortgage rates and their impact on the U.S.

Mortgages 386

Mortgages Marketing Sales Residential 386

Housing Wire

AUGUST 8, 2024

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial , has struck a deal to acquire Greenwoods Financial Group , the owner of Greenwoods State Bank. George aims to assist Greenwoods in expanding the bank’s footprint and market share in Wisconsin and throughout the Midwest.

Banks 439

Banks Equity Mortgages Loans 439

Housing Wire

APRIL 28, 2025

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

Marketing 361

Marketing Principal Loans Mortgages 361

Housing Wire

APRIL 8, 2025

A new competitor comes into the market and agents start to shift. 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 284

Brokerage Banks Technology Title 284

Housing Wire

FEBRUARY 15, 2025

In the most recent episode of the Power House podcast, host and HousingWire President Diego Sanchez sits down with Chris Vinson, CEO of Windsor Mortgage , a division of Plains Commerce Bank. I actually sold to a bank in 2008 and had one big goal: to figure out how to reach No. 1 in market share.

Technology 338

Technology Mortgages Marketing Banks 338

Housing Wire

JANUARY 30, 2025

recently hired Bijoy John as its new senior vice president of marketing. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email. As the lender’s new head of marketing, John can bring this vision to life.

Loans 329

Loans Marketing Lending Banks 329

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. million to certain California markets. California and Washington are the bank’s main markets.

Loan Officer 396

Loan Officer Lending Banks Loans 396

Housing Wire

APRIL 10, 2025

Volatility is becoming the new norm in today’s commercial real estate market. To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. His words contain valuable knowledge that investors need to thrive in this market. A change is needed.

Investor 440

Investor Commercial Finance Technology 440

Housing Wire

JUNE 3, 2025

have struggled to push beyond their current market penetration rate for the past several years, their international equivalents dont always have the same challenges. Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories and some U.S.-based

Mortgages 413

Mortgages Equity Banks Lending 413

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 411

Banks Lending Loans Loan Officer 411

Housing Wire

JANUARY 14, 2025

Its an ominous start to 2025 after many housing market experts predicted that mortgage rates would drop by a full percentage point or more by the end of the year. Given a resilient labor market, we now think the Fed cutting cycle is over, Bank of America analysts wrote. This is also the highest rate since June 2024. in November.

Mortgages 397

Mortgages Banks Loans As-is 397

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. “To exceed market demands, technology alone won’t allow us to move faster, we need to be intentional about eliminating overage, redundancies and bureaucracy.”

Technology 324

Technology Banks Commercial Mortgages 324

Housing Wire

MAY 21, 2025

that have long been viewed as a refuge for affordable homeownership are now grappling with rising prices , limited inventory and increasing competition pressures once thought unique to urban housing markets. ” Inventory squeeze, financial access The report found that rural housing markets are increasingly behaving like urban ones.

New Construction 312

New Construction Banks Lending Construction 312

Housing Wire

JANUARY 13, 2025

He will then collaborate with Xome’s leadership team to focus on market share and new revenue opportunities going forward. In his time at Mr. Cooper, our team realized exponential growth and greater financial strength, and I am confident that Xome will unlock new avenues for growth and bolster its market position under Chris leadership.”

Banks 364

Banks Title Technology Industrial 364

Housing Wire

MARCH 24, 2025

These off-market listings not only harm sellers, but they limit exposure to potential buyers, possibly deepening inequities that have long existed in real estate. We must maintain transparency in the housing market so we dont go back to the dark ages of real estate. To conduct its study, Zillow analyzed 2.72

MLS 485

MLS Sales New Construction Construction 485

Housing Wire

NOVEMBER 13, 2024

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. Foreclosure Market Report on Tuesday. “As we approach 2024, the recent Fed rate cut , and the new administration could impact mortgage rates and market stability. Attom released its October 2024 U.S.

Real-estate owned 421

Real-estate owned Mortgages Banks Closing 421

Housing Wire

MAY 18, 2025

This downgrade has sparked a range of reactions among market participants, with some suggesting that it may be politically motivated, given the timing and challenges facing the Republican budget and tax cuts. Nevertheless, we need to consider the implications of this downgrad on mortgage rates and the housing market.

Mortgages 458

Mortgages Banks Marketing As-is 458

Housing Wire

APRIL 10, 2025

Americas housing market isnt just cooling its frozen in place. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. But this isnt just a temporary side effect of high interest rates. The effects ripple far beyond the homeowner.

Design 224

Design Marketing Fixed-rate mortgage Finance 224

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. Non-QM market share grew from less than 3% of U.S. What would increased bank participation in non-QM look like?

Banks 384

Banks Due diligence Residential Investor 384

Housing Wire

MAY 29, 2025

Prospective homebuyers are holding off on purchases, waiting for lower prices and mortgage rates despite the rising costs of homeownership, according to the 2025 Bank of America Homebuyer Insights Report. Bank of America expects this trend to continue as the market recalibrates.

Banks 307

Banks Mortgages Sales As-is 307

Housing Wire

OCTOBER 23, 2024

With the first mortgage market in a state of flux, the competition for consumers’ home equity business has reached unprecedented levels. According to CoreLogic, total home equity skyrocketed to an astounding $33.8 trillion by May 2024—up from just $19.5 trillion in 2019, marking a staggering 73% increase.

Equity 396

Equity Banks Staging Residential 396

Housing Wire

NOVEMBER 18, 2024

Department of Veterans Affairs (VA) and the Federal Home Loan Banks (FHLBs) in New York, Chicago and San Francisco. Lenders also gain access to CreditGauge, Inclusion360, RiskRatio and MarketGain to evaluate consumer health, highlight underserved consumers, evaluate default levels and survey market opportunities. These include the U.S.

Mortgages 391

Mortgages Principal Banks Loans 391

Housing Wire

MAY 28, 2025

The data comes from the newest Bank of America Homebuyer Insights Report, released on Wednesday, conducted in partnership with Bank of America Institute. Despite the high uncertainty, more than half (52%) of prospective homebuyers are optimistic about the state of the homebuying market, saying its better now than it was a year ago.

Banks 298

Banks Lending Loans As-is 298

Housing Wire

NOVEMBER 13, 2024

Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003. Cornish also dives into his experience at a local Iowa bank after leaving Wells Fargo following the post- housing crisis industry changes in 2008. Cornish: It was a great time. I didn’t have any choice but to succeed. That was the first thing.

Mortgages 369

Mortgages Sales Loan Officer Lending 369

Housing Wire

OCTOBER 22, 2024

Leo CoPilot can help agents generate automated marketing materials by leveraging data from an MLS. based agents can sign up for a business checking account with Thread Bank , which includes a Real-branded debit card. It automatically scans documents for errors before they are submitted to the broker. and Canada.

Agents 410

Agents Brokerage Technology Staging 410

Housing Wire

DECEMBER 2, 2024

Wells Fargo announced on Monday that it has expanded its $10,000 down payment grant program for underserved borrowers to an additional 12 metro areas, more than a year after initially launching it in eight markets. “We In August 2023 , the bank announced the launch of the program in eight major U.S.

Lending 384

Lending Closing costs Banks Equity 384

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. We likely would not have seen mortgage rates at 8% that year if the spreads hadn’t worsened after the banking crisis. In 2023, spreads reached as high as 3.10%.

Mortgages 463

Mortgages Banks As-is Sales 463

Housing Wire

FEBRUARY 11, 2025

Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. The FHLBanks impact on the financial system cannot be overstated.

Lending 364

Lending Banks Development Loans 364

Housing Wire

JANUARY 8, 2025

On Wednesday, the Office of the Comptroller of the Currency (OCC) took protective measures by issuing a proclamation that allows national banks, federal savings associations, and federal branches and agencies of foreign banks to close their offices in areas of California affected by the fires.

Banks 397

Banks As-is Development Closing 397

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 356

Technology Loan Officer Loans Banks 356

Housing Wire

OCTOBER 10, 2024

Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. The market for renovation projects is a lucrative one for homebuilders and contractors. In response, some consumers have turned to renovation projects to meet their needs.

Renovation 450

Renovation Equity Lending Banks 450

Housing Wire

MARCH 13, 2025

Vice Capital Markets , a mortgage hedge advisory firm for independent lenders, banks and credit unions, announced Thursday that it is the first to integrate Fannie Mae s new loan pricing application programming interface (API) into its trading portal.

Loans 199

Loans Marketing Banks Mortgages 199