Housing Wire

DECEMBER 3, 2021

Of the 10,000 construction of buildings jobs created in November, 4,100 were in the residential sector. In the specialty trade contractor jobs sector, 6,200 were in residential construction. for residential construction building, a faster pace than previous months,” Kushi said. Residential building is up approximately 5.8%

Residential 451

Residential Construction Banks Industrial 451

Housing Wire

OCTOBER 23, 2024

of mortgaged residential properties in the U.S. With the first mortgage market in a state of flux, the competition for consumers’ home equity business has reached unprecedented levels. According to ATTOM’s third quarter 2024 Home Equity and Underwater Report, 48.3% are considered equity rich.

Equity 414

Equity Banks Staging Residential 414

Housing Wire

FEBRUARY 14, 2024

The rapid collapse of four regional banks that began last March shocked regulators and investors alike. The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. By the end of Feb.

Banks 451

Banks Mortgages Commercial Residential 451

Housing Wire

JUNE 6, 2025

Even in a housing market squeezed by low inventory and high interest rates, the real estate industry’s top performers continued to rise. Each year, our mission with RealTrends Verified is to provide a trusted benchmark for performance in residential real estate,” said Caroline Scanlon, Director of RealTrends Verified.

Agents 411

Agents Branding Residential Banks 411

Housing Wire

JUNE 3, 2022

Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% The post Residential construction jobs now 7.6%

Residential 468

Residential Construction Renovation Banks 468

Housing Wire

FEBRUARY 25, 2025

.” “Our servicers continue to show their commitment to operational excellence while reducing credit loss a crucial component to the overall safety and soundness of Fannie Mae s business and the residential mortgage market, Cyndi Danko, the company’s single-family chief credit officer, said in a news release.

Mortgages 267

Mortgages Banks Lending Residential 267

Housing Wire

JUNE 6, 2023

The Beige Book is a compilation of data and interviews with bank and branch directors, community organizations and economists from on or before May 22. Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states.

Residential 441

Residential Construction Finance Sales 441

Housing Wire

MARCH 7, 2024

Powell acknowledged the mounting opposition to Basel III from the banking sector, assuring lawmakers of forthcoming broad revisions to the regulatory framework that is aimed at recalibrating risk assessment methodologies and capital reserves. banks to earmark billions more in capital reserves.

Banks 430

Banks Lending Residential Staging 430

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

Banks 430

Banks Mortgages Lending Commercial 430

Housing Wire

JULY 18, 2023

Bank , the fourth-largest U.S. Bank, we make decisions that position us well for today’s market and in the future,” a spokesperson told HousingWire. “As Bank, owned by U.S. However, mortgage volume has been in free fall at the bank amid surging rates. The bank’s total mortgage origination volume reached $9.6

Banks 370

Banks Mortgages Residential Lending 370

Housing Wire

JULY 16, 2024

Mortgage production increased at Bank of America (BofA) in the second quarter of 2024 compared to the previous three months, but the bank’s home loan volumes were still lower than those delivered in the same period last year. ” The bank had $227.5 Overall, the bank posted a net income of $6.9

Banks 413

Banks Mortgages Equity Loans 413

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 451

Banks Mortgages Lending Loan Officer 451

Housing Wire

JANUARY 19, 2024

Tennessee-based community bank Patriot Bank agreed to pay $1.9 Over the same six-year period, other banks received nearly 3.5 Patriot Bank denied any allegations of redlining. million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices.

Banks 467

Banks Loan Officer Lending Loans 467

Housing Wire

JULY 3, 2025

He holds a degree in agricultural business management from North Carolina State University and began his real estate career in 2010 with a focus on farm, land, residential and commercial sales throughout the region. Ahoskie is part of North Carolina’s Inner Banks region — known for its natural inlets and quiet outdoor lifestyle.

Land 321

Land Brokerage Branding Banks 321

Housing Wire

MAY 29, 2025

What happens when competitors pursue scale in a static yet strategically important market? Indeed, the total residential subservicing market declined to $3.96 Mihir Bhatia, a Bank of America analyst who covers mortgage companies, said he expects the trend to continue. trillion as of Dec. 31, 2024, down from $3.99

Mortgages 418

Mortgages Loans Banks Industrial 418

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. Ally is considering expanding the program to more markets in the future. “By

Banks 440

Banks Closing costs Lending Equity 440

Housing Wire

JUNE 18, 2025

In 2025, Rithm closed three securitizations of non-QM loans — a product that has gained popularity amid a challenging mortgage market. The latest issuance consists of 1,039 residential mortgages, with an average credit score of 750 and a loan-to-value ratio of 70. In total, the company has issued 23 deals with $7.7

Closing 284

Closing Principal Residential Loans 284

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. In the mortgage space, TD Bank was a top-35 U.S. The bank has presence in 15 states and Washington, D.C.

Banks 428

Banks Lending Loans Finance 428

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 388

Banks Mortgages Loan Officer Residential 388

Housing Wire

MARCH 22, 2023

The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. billion from the Federal Home Loan Banks , $10.5 billion in Bank Term Funding Program borrowings. Pacific Western Bank reported $11.4

Banks 403

Banks Commercial Loans Investor 403

Housing Wire

JANUARY 30, 2024

Cincinnati-based First Financial Bank has agreed to direct $2.4 In its previous five-year plan, from 2018 to 2023, the bank invested $1.75 Regarding the plan governance, the bank will maintain the advisory board created under the 2018 plan, and NCRC will appoint half the members.

Banks 416

Banks Mortgages Lending Loan Officer 416

Housing Wire

APRIL 18, 2025

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. These requirements signal rising market risks, driven in part by growing concerns over cybersecurity and data integrity, the report said. It found that 46.8% errors the highest number on record.

Title 356

Title Closing Commercial Loans 356

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 430

Banks Mortgages Loan Officer Lending 430

Housing Wire

DECEMBER 3, 2024

Visentini recently served as the investment bank’s head of firm strategy for execution and innovation. The graduate of Boston College then moved to Morgan Stanley, where he held multiple managing director roles in several departments — including investment banking, capital and firm strategy.

Banks 370

Banks Commercial Residential Construction 370

Housing Wire

MAY 15, 2025

Ryan Leahy, the founder of MORE Seller Financing , said his company has created the first nationwide platform to bring consistency, compliance and clarity to seller financing a practice that has been relatively diminished in the mainstream market. Why is the real estate market stuck right now? on its own. They just had life happen.

Finance 370

Finance Lending Bankruptcy Residential 370

Housing Wire

FEBRUARY 4, 2025

In June 2024, it completed the $70 million acquisition of Great Ajax , transitioning the business from a legacy residential loan platform to a vehicle focused on commercial real estate. A year prior, it acquired Sculptor Capital Management , along with Computershare Mortgage Services and Specialized Loan Servicing (SLS). ”

Commercial 377

Commercial Residential Loans Banks 377

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. Jumbo loans account for approximately 12% of all loans originated as of February 2022.

Banks 388

Banks Lending Fixed-rate mortgage Construction 388

Housing Wire

JULY 18, 2023

Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. The regulators want smaller banks to be able to better compete with larger peers, Bloomberg reported.

Banks 370

Banks Lending Mortgages Residential 370

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. A potential pause on the Federal Reserve’s federal funds rate hikes may bring borrowers on the sidelines back to the market, as mortgage rates could fall even further.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

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. was open for business. They took a $1.8

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

JULY 27, 2023

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. Community banks would not be impacted.

Banks 370

Banks Lending Mortgages Equity 370

Housing Wire

JULY 13, 2022

Unfettered free market advocates view it as misguided. The Securities and Exchange Commission has begun the process of developing mandated disclosure regimes for funds that consider ESG factors in their marketing material. What does ESG’s growth and current ubiquity mean for residential MBS markets?

Residential 387

Residential Mortgages Investor Development 387

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 370

Banks Mortgages Commercial Lending 370

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 388

Banks Loan Officer Loans Commercial 388

Housing Wire

NOVEMBER 25, 2024

In this HousingWire executive conversation, Chris Kennedy , Director of Sales and Business Development at RiskSpan , explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. He stresses the importance of optimizing recapture workflows in the new market with new tools and strategies.

Loans 369

Loans Residential Commercial Investor 369

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.” The Fed’s past actions in the name of checking inflation also threaten to break — or may already have broken — other critical economic sectors, including the housing market.

Banks 403

Banks Mortgages Fixed-rate mortgage Loans 403

Housing Wire

JANUARY 6, 2023

Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. And that could spell trouble for the housing market in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Residential building construction employment increased by 0.3%

Marketing 468

Marketing Residential Construction MLS 468