Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

JANUARY 6, 2025

The Mortgage Bankers Association (MBA) on Monday appointed Jamie Woodwell as its senior vice president of commercial/multifamily policy and strategic industry engagement. MBA leadership praised Woodwell for his market expertise and detailed economic insights in the commercial and multifamily real estate sectors.

Commercial 381

Commercial Finance Land Mortgages 381

Housing Wire

JUNE 12, 2025

Kobetz, a lifelong Mendocino County resident, transitioned into real estate in 2017 after a career in his family’s motorsports dealership, where he developed sales and finance experience. Kobetz Realty currently serves clients across Mendocino, Lake and Sonoma counties with services in residential , commercial and ranch real estate.

Branding 381

Branding Brokerage Commercial Development 381

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

Commercial 421

Commercial Brokerage Due diligence Title 421

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. Upon closing of the [deal], the company will no longer have a reportable commercial originations segment.”

Commercial 369

Commercial Lending Finance Title 369

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Finance of America funded $35.6 billion in 2021, up 9% compared to 2020, mainly due to reverse and commercial businesses.

Finance 384

Finance Investor Mortgages Commercial 384

Housing Wire

MARCH 6, 2025

Pierpoint has served NAR for nearly four decades, including serving as CFO and as a staff executive to NARs Finance Committee for 20 years. And he helped to establish WTA Ventures, now valued at $750 million, to accelerate the commercial growth of womens tennis.

Finance 370

Finance Commercial Development Technology 370

Housing Wire

AUGUST 4, 2022

Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout. Spreads on both agency and non agency mortgages increased to new highs in a matter of weeks,” Johan Gericke, CFO of Finance of America, told analysts. on Thursday, down 1.5%

Finance 397

Finance Commercial Mortgages Closing 397

Housing Wire

MAY 9, 2022

Fast-rising interest rates hit Finance of America Companies hard in the first quarter of 2022 and the company cut almost 600 jobs compared to one year ago. . The executive mentioned that recently the company consolidated the wholesale channels in mortgage and commercial businesses to bring efficiency and enhance cross-sell.

Finance 370

Finance Commercial Mortgages Investor 370

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. Banker and broker yield spread premiums are offered too. ” .

Mortgages 247

Mortgages Commercial Lending Loans 247

Housing Wire

AUGUST 31, 2020

This collaboration has brought on the truest sense of community.” – Bill Dallas, president of Finance of America Mortgage. Still, few bring the degree of holistic focus of Finance of America Cares (FOA Cares), which aims its generosity at both the wider world and the workforce within Finance of America.

Finance 370

Finance Commercial Mortgages As-is 370

Housing Wire

APRIL 18, 2025

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. Decision-ready data from trusted sources will remain a cornerstone of the mortgage and real estate finance industry, the report concluded. It found that 46.8% errors the highest number on record.

Title 346

Title Closing Commercial Loans 346

Housing Wire

JUNE 26, 2024

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. FOA is optimistic about the ultimate results the move will have, according to its announcement.

Finance 391

Finance Principal Commercial Equity 391

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 382

Finance Mortgages Lending Equity 382

Housing Wire

FEBRUARY 14, 2025

MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO board members, who represent a cross-section of the residential and commercial real estate finance industries, are responsible for overseeing the organization and serve two-year terms.

Finance 275

Finance Commercial Technology Lending 275

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. How is Finance of America approaching what could be a difficult year for originators? Patti Cook : Finance of America was built purposefully different.

Finance 384

Finance Industrial Development Mortgages 384

Housing Wire

MAY 22, 2025

Its current zoning laws are considered restrictive by some housing advocates, but the Senate last week moved to support a House bill that would allow for residential construction in areas zoned for commercial use. But when you really get to the deeply affordable levels, you need the financing piece there too.

Residential 286

Residential Construction Commercial Finance 286

Housing Wire

APRIL 18, 2025

I did residential, I did commercial, you name it. He helped launch a contract servicing department to facilitate seller-financed transactions. I actually had a real estate license, he said. That hands-on experience taught me the full scope of the real estate ecosystem. There just wasnt any business.

Title 368

Title Residential Industrial Commercial 368

Housing Wire

NOVEMBER 1, 2024

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. Commercial real estate agent: Commercial real estate agents specialize in transactions involving commercial properties, such as office buildings, retail stores, and industrial warehouses.

Agents 421

Agents Brokerage Purchase and sale agreement Commercial 421

Housing Wire

MARCH 14, 2025

80% of buyers financed their home purchase, and 23% of people financed 80% to 89% of the home. Sources: Census Bureau , Apartment List , FRED , Zillow Commercial real estate statistics Diving into commercial real estate statistics is a bear because the commercial market is divided into a bunch of different sectors.

Marketing 340

Marketing Commercial Agents Property Management 340

The Close

NOVEMBER 26, 2024

Stabilize & Season Your Current Rental Property If you plan to finance multiple rental properties, start by stabilizing your current one. Also, be aware that some lenders have a “seasoning period,” essentially how long you’ve owned or financed the property. Let’s break it down into six easy steps.

Finance 98

Finance Equity MLS Loans 98

Housing Wire

DECEMBER 2, 2020

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. After the merger, Finance of America is slated to receive a $250 million investment from institutional investors. billion valuation.

Finance 253

Finance Lending Commercial Title 253

Housing Wire

OCTOBER 7, 2022

Guaranteed Rate this week walked away from negotiations to acquire Finance of America ’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. year-over-year, according to Inside Mortgage Finance. The company ranked no. 33 among the top U.S.

Commercial 397

Commercial Finance Loans Mortgages 397

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages 377

Mortgages Technology Loan Officer Loans 377

Housing Wire

MAY 15, 2025

May 8 Major title insurers post strong Q1 earnings, fueled by commercial real estate deals May 8 Will the real Tamir Poleg please stand up? Mortgage Better leans on AI, sees first profitable month since 2022 May 13 Blend talks Rocket-Mr.

Mortgages 245

Mortgages Title Commercial Brokerage 245

Housing Wire

SEPTEMBER 21, 2022

Cincinnati-based Fifth Third Bank NA, part of Fifth Third Bancorp, a regional lender with some $207 billion in assets, has launched a new warehouse-financing arm that will serve independent mortgage bankers. The lender ’s new warehouse financing arm will be led by Donnie Martin, who has more than 25 years of mortgage industry experience.

Lending 384

Lending Banks Commercial Finance 384

Housing Wire

MAY 21, 2024

This increased flow of funds appears to be driven by strengthening macro factors that favor residential mortgages over other yield assets such as commercial real estate (CRE) and commercial (C&I) loans. These loans often require higher capital reserves, making residential mortgages more attractive by comparison.

Residential 466

Residential Equity Mortgages Purchase and sale agreement 466

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Residential 409

Residential Lending Finance Investor 409

AAOA

JUNE 12, 2025

If you’ve ever wondered, “Is multifamily considered commercial or residential?” It’s one of the most important questions beginner investors ask and the answer directly impacts how you buy, finance, manage, and scale your real estate portfolio. What Counts as Residential vs. Commercial Real Estate? you’re not alone.

Commercial 52

Commercial Residential Debt-to-income ratio Property Management 52

Housing Wire

FEBRUARY 25, 2025

With nearly three decades of experience in real estate and investing, Ive worked with hard money lenders to secure financing for everything from simple fix-and-flip projects to multi-million-dollar apartment building rehabs. But what really makes them stand out is the option to finance up to 85% of the property value with no down payment.

Hard money loan 360

Hard money loan Loans Investor Lending 360

Housing Wire

MAY 29, 2025

Still, the overall subservicing space has been relatively static in recent years, said Walter Mullen, chief strategy officer at Onity Group , the parent company of PHH Mortgage (the seventh-largest subservicer in 2024, according to Inside Mortgage Finance). Indeed, the total residential subservicing market declined to $3.96

Mortgages 352

Mortgages Loans Banks Industrial 352

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We

Mortgages 421

Mortgages Banks Finance Branding 421

Housing Wire

SEPTEMBER 24, 2024

Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital.

Residential 407

Residential Commercial Finance Loans 407

Housing Wire

SEPTEMBER 29, 2022

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . year-over-year, according to Inside Mortgage Finance. The company ranked no. 33 among the top U.S.

Closing 432

Closing Finance Commercial Mortgages 432

Housing Wire

FEBRUARY 4, 2021

Guaranteed Rate announced Wednesday it will air a 60-second commercial featuring Ultimate Fighting Championship fighter Dustin Poirier and NASCAR driver Ryan Newman during Super Bowl LV on Sunday, Feb. The cost of running an ad during this year’s Super Bowl is expected to be around $5.5 million per 30-second clip.

Commercial 432

Commercial Lending Mortgages Branding 432

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. Why make the trip? can be very different from the tones explored immediately north of the border.

Banks 233

Banks Commercial Mortgages Industrial 233

Housing Wire

MARCH 20, 2023

Flagstar, the 19th-largest mortgage lender in the country, acquired $38 billion in Signature’s assets, including approximately $25 billion in cash and $13 billion in loans, which were exclusively commercial and industrial loans. New York Community Bancorp announced a $2.6 JPMorgan was the leader with $20 billion and an 18% share.)

Commercial 370

Commercial Banks Lending Loans 370