Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Finance of America operates through retail, wholesale and correspondent channels.

Finance 481

Finance Lending Loans Commercial 481

Housing Wire

APRIL 11, 2024

The Nationwide Multistate Licensing System (NMLS) shows that Norcom — as well as Third Party Origination Go and TPO Go — is listed as a trade name under Norwich Commercial Group Inc. which had 142 sponsored loan officers and 41 active branches as of April 11. year over year, according to Inside Mortgage Finance (IMF) estimates.

Loan Officer 371

Loan Officer Commercial Mortgages Loans 371

Housing Wire

MARCH 8, 2024

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. in Q2 2023.

Banks 455

Banks Commercial Lending Residential 455

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 219

Finance Lending Commercial Title 219

Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. According to Inside Mortgage Finance (IMF) estimates, Flagstar originated $15.7 30 to $4.20

Mortgages 373

Mortgages Banks Marketing Commercial 373

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. 7 by 9:00 PM EST is the deadline to submit a new floating loan or complete a new forward lock. .

Commercial 358

Commercial Finance Loans Mortgages 358

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 318

Finance Mortgages Lending Equity 318

Housing Wire

MARCH 21, 2024

I’m here to build on our presence in the West by fostering an environment where mortgage loan originators and branch managers can truly thrive.” Planet Home Lending is an originator, correspondent lender, servicer and subservicer of agency and nonagency residential and commercial mortgages.

Lending 341

Lending Sales Commercial Loans 341

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans.

Loan Officer 388

Loan Officer VA loan Loans Technology 388

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 New York Community Bancorp announced a $2.6

Banks 355

Banks Lending Commercial Loans 355

Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Higher interest rates have slowed down the economy and made loans prohibitively expensive. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties.

Lending 111

Lending Commercial Banks Construction 111

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Builders may face difficulties obtaining financing due to the higher risks of speculative projects.

Loans 108

Loans Finance Construction Commercial 108

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 379

Lending Banks Commercial Finance 379

Housing Wire

JANUARY 22, 2024

The board at DKMC, which has separate businesses in the property management and commercial finance spaces, among others, wants to exit the residential mortgage business, the sources told HousingWire. billion from January 2023 to September 2023, according to Inside Mortgage Finance estimates. Draper and Adolph F.

Mortgages 334

Mortgages Loan Officer Residential Loans 334

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 in fully funded cash proceeds from the global investment firm Atlas SP Partners through a new senior asset-backed financing facility. The company secured $1.4

Banks 365

Banks Commercial Loans Investor 365

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. So that’s keeping the loans on our books and our higher-yield construction loans longer.

Banks 65

Banks Construction Finance Commercial 65

Eye on Housing

MAY 12, 2023

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 83

Lending Commercial Residential Loans 83

Housing Wire

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. The Chicago lender started offering personal loans in July. It originated $45.2

Finance 366

Finance Commercial Loans Title 366

Housing Wire

DECEMBER 21, 2023

It is a sub-servicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. Its services include portfolio, government, and Fannie Mae and Freddie Mac loans.

Mortgages 355

Mortgages Commercial Banks Investor 355

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Banks 400

Banks Mortgages Lending Loan Officer 400

Housing Wire

JANUARY 31, 2023

billion in loans, according to Securities and Exchange Commission (SEC) filings. The acquisition also diversifies NYCB’s portfolio with warehouse lending business, commercial and industrial loans, commercial real estate loans and residential mortgage loans. million loans as of December 31, 2022.

Mortgages 343

Mortgages Lending Banks Commercial 343

Housing Wire

OCTOBER 28, 2022

Former employees at Finance of America Mortgage LLC (FAM) are transitioning to American Pacific Mortgage (APM), as the company will shut down by the end of the year, a source with knowledge of the process told HousingWire. . Multichannel lender Finance of America Companies Inc. (FoA)

Mortgages 348

Mortgages Loan Officer Finance Commercial 348

Housing Wire

SEPTEMBER 21, 2023

(ICE) and investment research firm Delta Terra Capital announced a partnership to offer climate-adjusted credit risk analytics for residential and commercial mortgage-backed securities (MBS). Our climate risk data can help inform investment decisions of U.S. municipalities, MBS pools, and related fixed income securities. “The

Investor 231

Investor Commercial Residential Finance 231

Housing Wire

MARCH 21, 2024

Compounding the lack of supply is the proverbial “lock-in“ effect that has disincentivized homeowners to sell their current properties, thereby giving up a low mortgage rate and taking on a new loan at a much higher rate. “A

Industrial 321

Industrial Banks Residential Lending 321

Mashvisor

APRIL 26, 2023

Is it okay to use a commercial loan to buy a rental property? Find out more about how to get a commercial loan for rental property below. Generally, when investors…

Commercial 68

Commercial Loans Investor Finance 68

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions. The lender originated $6.5

Mortgages 395

Mortgages Lending Loan Officer Loans 395

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. billion Berkadia Commercial Mortgage, LLC: $6.8 billion Arbor Commercial Funding I, LLC: $3.1 billion in 2021 Green Financing : $9.1 billion Small Loans : $3.4 billion in 2021 Green Financing : $9.1

Finance 98

Finance Closing Equity Commercial 98

Realty Biz

SEPTEMBER 25, 2023

Commercial real estate has long been considered a pillar of stability and prosperity. Consequently, office space vacancies have surged, leading to a substantial decrease in rental income for commercial property owners. However, recent developments have cast a shadow of uncertainty over its future.

Commercial 71

Commercial Lending Banks Investor 71

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 The home equity loans balance was $24.7

Banks 397

Banks Mortgages Lending Commercial 397

Housing Wire

APRIL 4, 2023

Rithm Capital , the parent company of mortgage lenders Newrez and Caliber Home Loans , is expanding its business to Europe. Rithm, a New York-based asset manager, is opening an office in London to seek equity and debt investments across the real estate and consumer finance sectors, the company announced on Monday.

Commercial 313

Commercial Lending Equity Banks 313

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 427

Closing Finance Commercial Mortgages 427

Housing Wire

APRIL 9, 2024

In a message to mortgage brokers, United Wholesale Mortgage (UWM) defended itself from the Hunterbrook Media report that claims the lender orchestrated a scheme to steer loans. Hunterbrook also claims that borrowers paid in UWM loans a total of $229 million more in closing costs over the past four years than the average-priced loan.

Fixed-rate mortgage 381

Fixed-rate mortgage Loans Mortgages Loan Officer 381

Housing Wire

MARCH 1, 2024

Long Island-based NYCB, which concluded the acquisition of Flagstar Bank in December 2022 and rescued Signature Bank in March 2023, has faced a confidence crisis due to its exposure to commercial real estate loans. billion in mortgages in 2023, according to Inside Mortgage Finance (IMF) estimates. Flagstar originated $15.7

Banks 344

Banks Loans Commercial Mortgages 344

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications. billion in 2020, but there are no figures for 2021.

Banks 437

Banks Mortgages Fixed-rate mortgage Equity 437

Housing Wire

AUGUST 2, 2022

Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. The company loan origination volume fell to $5.1 Meanwhile, the call centers were expected to be under Kristen Sieffert, president of Finance of America Reverse.

Marketing 329

Marketing Finance Commercial Mortgages 329

Housing Wire

JULY 7, 2023

But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-and-flip or a bridge loan than in past years. But its bridge loan and fix-and-flip loan pipeline is down 40% over that same time period.

Marketing 342

Marketing Lending Banks Loans 342

RIS Media

FEBRUARY 15, 2022

New data from the Mortgage Bankers Association’s (MBA) indicates commercial and multifamily mortgage loan originations were 79% higher in the fourth quarter of 2021 compared to a year ago, and increased 44% from the third quarter of 2021. Health care property loan originations decreased 17%, compared to the fourth quarter of 2020.

Commercial 96

Commercial Lending Loans Investor 96