Housing Wire

APRIL 18, 2025

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. of these transactions contained issues that could lead to fraud, with each problematic loan averaging 2.5 It found that 46.8% errors the highest number on record.

Title 336

Title Closing Commercial Loans 336

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. The deal will offload an FoA subsidiary division that offers residential real estate investment loans.

Commercial 367

Commercial Lending Finance Title 367

Housing Wire

NOVEMBER 25, 2024

One such solution includes the Edge Platform —designed to survey loan portfolios and identify recapture opportunities based on current mortgage rates. Chris Kennedy: Recapture is refinancing the customer into a new loan. When a loan is recaptured, it’s refinanced into a new loan.

Loans 364

Loans Residential Commercial Investor 364

Housing Wire

MARCH 1, 2024

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business. He declined to comment further.

Loans 421

Loans Loan Officer Commercial Brokerage 421

Housing Wire

MARCH 3, 2025

Sellers loan officers who agree to move over to Buyer may want (in addition to use of their team name which is typically an assumed name of Seller) to continue to use Sellers name for a period of time after closing, as part of their recognized brand. These will require time and attention to ensure a satisfactory outcome for all parties.

Purchase and sale agreement 381

Purchase and sale agreement Closing Industrial Mortgages 381

Housing Wire

MAY 29, 2025

For subservicers, managing loans can generate stable income through fees, and when agreements allow and align with their strategy, it opens doors for cross-selling activity. including affiliated Rushmore Loan Management Services ) and Flagstar s servicing assets. Theres a lot of consolidation in the [subservicing] industry.

Mortgages 339

Mortgages Loans Banks Industrial 339

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp.,

Loans 410

Loans Bankruptcy Sales Commercial 410

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 346

Commercial Residential Loans Banks 346

Housing Wire

JULY 1, 2024

Second mortgage loans are specifically authorized in Freddie Mac ’s charter [Section 305(a)(4) – 12 USC 1454(a)(4)]. As a result, cash-out refinances don’t make sense for homeowners with lower coupon loans due to what many have deemed the “lock-in effect.” billion in loans. Let’s be clear.

Loans 418

Loans Mortgages Banks Lending 418

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan. billion; 5.7%).

Loans 438

Loans Mortgages Due diligence Banks 438

Housing Wire

APRIL 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans.

Loans 450

Loans Title Commercial Residential 450

Housing Wire

MAY 27, 2025

” nCino, based in North Carolina, makes a cloud-based banking system that is used for commercial banking and mortgage, including a popular loan origination system. It acquired mortgage tech vendor SimpleNexus in 2021 for $1.2

Technology 324

Technology Banks Commercial Mortgages 324

Housing Wire

OCTOBER 5, 2023

Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing.

Technology 409

Technology Loans Lending Residential 409

Housing Wire

NOVEMBER 8, 2024

Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Department of Veterans Affairs can still use their loan benefit when working with a buyer’s agent regardless of how their agent is being compensated. Let’s protect the consumer; let’s work together.” Those utilizing mortgages from the U.S.

VA loan 365

VA loan Commercial Loans Staging 365

Housing Wire

NOVEMBER 1, 2024

That way, when a loan officer is looking at a solution for a customer, they can look at both a traditional mortgage and a reverse mortgage together. Now, they’re looking at creating a dataset based on what’s called iLAD, or the industry loan application dataset. Lenders are very specialized in that space.

Mortgages 371

Mortgages Technology Loan Officer Loans 371

Housing Wire

DECEMBER 9, 2021

has sponsored 18 private-label transactions so far in 2021 backed by more than 20,000 loans valued collectively at $9.9 Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7

Loans 410

Loans Due diligence Residential Mortgages 410

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning.

Lending 458

Lending Commercial Residential Loans 458

Housing Wire

APRIL 4, 2024

Currency, first-lien whole loans prudently underwritten and performing to their original terms receive a 50% risk weight, while other loans receive a 100% risk weight. Trade groups have opposed the new regulations.

Banks 502

Banks Commercial Residential Loans 502

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 473

Banks Commercial Residential Lending 473

Housing Wire

MAY 15, 2025

MORE’s model offers a short-term bridge loan typically around three years in length that’s designed to give buyers time to refinance or secure permanent financing. Seller financing spans residential, commercial and land transactions, with residential making up 63% of all deals over the past three years, Note Investor reported.

Finance 370

Finance Lending Bankruptcy Residential 370

Housing Wire

APRIL 18, 2025

I did residential, I did commercial, you name it. But his first big test came in the mid-1980s during the savings and loan crisis a time when the mortgage market dried up and title companies were hit hard. I actually had a real estate license, he said. That hands-on experience taught me the full scope of the real estate ecosystem.

Title 365

Title Residential Industrial Commercial 365

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. The current stress in the CRE and C&I loan markets further highlights the advantages of residential mortgages.

Residential 466

Residential Equity Mortgages Purchase and sale agreement 466

Housing Wire

MARCH 10, 2025

Notably, the company recently launched its AI-powered website, Rocket.com , brought on Katie Sweeney as executive vice president of broker advocacy for Rocket Pro , made a Super Bowl commercial comeback and kicked off a companywide rebranding campaign.

Branding 396

Branding Brokerage Commercial Title 396

AAOA

JUNE 12, 2025

If you’ve ever wondered, “Is multifamily considered commercial or residential?” What Counts as Residential vs. Commercial Real Estate? So if you’re asking , “Is multifamily considered commercial?” the answer is clear: Yes, but only once the property has five or more units, it is classified as commercial real estate.

Commercial 59

Commercial Residential Debt-to-income ratio Property Management 59

The Close

MAY 19, 2025

A commercial real estate loan is any type of financing used specifically for properties that generate income. Financing the purchase, renovation, or construction of a commercial property can be much different and more complex than financing a traditional primary residence.

Commercial 59

Commercial Loans Banks New Construction 59

Housing Wire

SEPTEMBER 25, 2024

Purchase loan applications saw more modest increases of 0.4% And the rate for Federal Housing Administration (FHA) loans dropped to 5.99%, “breaking the psychologically important 6% level,“ according Joel Kan, the MBA’s vice president and deputy chief economist. Rising home prices are reflected in larger loan sizes.

FHA loan 421

FHA loan Mortgages VA loan Fixed-rate mortgage 421

Housing Wire

OCTOBER 9, 2024

decline in purchase loan demand. Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2%

VA loan 424

VA loan Mortgages FHA loan Loans 424

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending.

Loan Officer 404

Loan Officer Commercial Investor Banks 404

Housing Wire

OCTOBER 7, 2022

Meanwhile, FoA confirmed Friday that Finance of America Mortgage LLC (FAM), its forward mortgage company, will no longer fund and purchase loans through its wholesale and non-delegated correspondent channels. . 7 by 9:00 PM EST is the deadline to submit a new floating loan or complete a new forward lock. . It also added that Oct.

Commercial 397

Commercial Finance Loans Mortgages 397

Housing Wire

FEBRUARY 14, 2024

The demise of those banks, which had relied in part on friendly terms on jumbo mortgage loans to entice wealthier clients, had lasting effects on the mortgage landscape – as part I and part II of our jumbo series show. This time, it is not their depositors, but their loan recipients. By the end of Feb. ” Days later on Feb.

Banks 440

Banks Mortgages Commercial Residential 440

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

Commercial 370

Commercial Banks Lending Loans 370

Housing Wire

JULY 12, 2024

Half of loans in loss-mitigation status at the time of the survey were expected to “permanently perform“ and avoid foreclosure status, Auction.com reported. This included 58% of conforming loans purchased by Fannie Mae and Freddie Mac , 49% of government-backed loans and 34% of nonagency loans.

Equity 466

Equity Loans Commercial Mortgages 466

Housing Wire

OCTOBER 13, 2020

Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Its products include traditional mortgages, commercial real estate loans, reverse mortgages , fixed-income investing and title services. LOs are only human — Tech is necessary to keep up with max loan volumes.

Finance 491

Finance Lending Loans Commercial 491

Housing Wire

APRIL 9, 2021

Better extended $14 billion in loans in Q1 this year, and $25 billion in loans in 2020. Better offers home loans for customers through its digital website and partners with banks like Ally Financial. commercial estate sector versus 2019. The profitable company reaped in $800 million in revenue in 2020, CNBC reports.

Commercial 421

Commercial Investor Loans Banks 421

Housing Wire

FEBRUARY 22, 2022

In addition, leading-edge mortgage servicing software that integrates with systems such as the loan origination system (LOS) and a financial institution’s core system allows lenders to sell loans to the Government Sponsored Enterprises (GSEs) while retaining servicing. Includes web applications. According to the J.D. Power 2021 U.S.

Commercial 393

Commercial Investor Loans Mortgages 393

Housing Wire

SEPTEMBER 13, 2023

Direct Capital, through its subsidiary Direct Mortgage , offers residential, commercial and SBA loans, per its website. The company has 98 loan officers and six branches, according to the National Multistate Licensing System (NMLS). And, in a shrinking mortgage market, it registered $1.8 Last year, the company reported $6.3

Loan Officer 384

Loan Officer Commercial Loans Lending 384

Housing Wire

FEBRUARY 7, 2025

Another letter from a private citizen opposes reverse mortgages due to sickening [reverse mortgage] commercials with corresponding testimonials as seen on television, saying they do not convey the seriousness of the complex contract language. It’s a nonrecourse loan that is negatively amortizing, and balances increase over time.

Mortgages 268

Mortgages Equity Lending Commercial 268