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 468

Banks Commercial Lending Residential 468

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 118

Lending Commercial Residential Loans 118

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 112

Lending Commercial Banks Construction 112

NAR: Economic Outlook

SEPTEMBER 27, 2023

September 2023 Commercial Real Estate Market Insights As low-interest loans mature at higher rates, all commercial real estate sectors face challenges, with higher vacancy rates and slower rent growth. By: Oleh Sorokin Commercial & Investment Real Estate

Commercial 112

Commercial Marketing Loans 112

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 363

Loan Officer Commercial Investor Banks 363

Housing Wire

FEBRUARY 27, 2024

Real estate investment trust Rithm Capital , the parent of multichannel lender Newrez , has agreed to issue a one-year loan, purchase common stock and become the external manager of its peer Great Ajax Corp. New York-based Rithm Capital engaged in acquisitions last year to become a global asset manager focused on real estate.

Commercial 364

Commercial Loans Mortgages As-is 364

Marco Santarelli

NOVEMBER 16, 2023

In a compelling presentation at the Commercial Economic Issues and Trends Forum during the 2023 NAR NXT, Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), indicated that the commercial real estate sector is poised for revitalization, calling on the Federal Reserve to consider a crucial move – cutting interest rates.

Commercial 102

Commercial Banks Lending Loans 102

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

JANUARY 21, 2021

Notarize has tapped Larry D’Angelo as its first president and chief commercial officer, the company announced on Thursday. The post Notarize taps Larry D’Angelo as president and chief commercial officer appeared first on HousingWire. This article originally appeared in FinLedger , HousingWire’s sister-publication focused on Fintech.

Commercial 255

Commercial Equity Industrial Closing 255

Housing Wire

MAY 7, 2024

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.”

Loan Officer 356

Loan Officer Commercial Loans Mortgages 356

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.

Loan Officer 395

Loan Officer Commercial Mortgages Loans 395

Propmodo

MARCH 29, 2023

The average rate for a loan in 1981 was 16.5 These loans would help people buy houses they needed today without worrying about refinancing later as rates inevitably dropped. The popularity of ARM loans spurred the creation of similar products in the commercial property industry.

Commercial 52

Commercial Loans Banks Industrial 52

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. NYCB’s provisions for loan losses surged to $552 million in Q4 2023, up from $62 million in the previous quarter.

Mortgages 399

Mortgages Banks Marketing Commercial 399

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 365

Banks Lending Commercial Loans 365

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 332

Loan Officer Commercial Loans Lending 332

Eye on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

Loans 122

Loans Loan Officer Commercial Lending 122

Realty Biz

OCTOBER 21, 2023

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Additionally, they should assess their creditworthiness and financial stability, as lenders will often consider these factors when approving loan applications.

Loans 108

Loans Finance Construction Commercial 108

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 366

Lending Sales Commercial Loans 366

Housing Wire

MAY 7, 2024

The investment aims to strengthen the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital.

Banks 341

Banks Equity Lending Commercial 341

Eye on Housing

FEBRUARY 12, 2024

According to the Federal Reserve Board’s January 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the fourth quarter of 2023. Even though the federal funds rate remained unchanged, Read More ›

Lending 69

Lending Loans Loan Officer Commercial 69

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 406

Fixed-rate mortgage Loans Mortgages Loan Officer 406

RIS Media

JULY 9, 2021

Mortgage delinquencies for commercial and multifamily properties held firm in June, according to the Mortgage Bankers Association’s (MBA) monthly CREF Loan Performance Survey. MBA created the survey to better understand how the COVID-19 pandemic is impacting commercial mortgage loan performance. the previous month.

Commercial 103

Commercial Mortgages Loans Staging 103

RIS Media

AUGUST 16, 2021

Commercial and multifamily mortgage loan originations were 106% higher in the second quarter of 2021 compared to a year ago and increased 66% from the first quarter of 2021, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Source: MBA.

Commercial 98

Commercial Lending Loans Banks 98

Housing Wire

MARCH 6, 2024

The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. Liberty is expected to invest $450 million, followed by $250 million from Hudson Bay Capital and $200 million from Reverence Capital Partners. billion goodwill impairment.

Equity 338

Equity Mortgages Banks Commercial 338

Housing Wire

MARCH 28, 2024

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. Better Home & Finance Holding Co. ,

Loan Officer 410

Loan Officer VA loan Loans Technology 410

Housing Wire

JULY 14, 2023

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection. The CFPB goes on to cite U.S.

Mortgages 315

Mortgages Commercial Banks Loans 315

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

AUGUST 31, 2023

Mars Bank — an independent community bank in Pennsylvania — offers mortgage lending, retail and commercial banking in six locations throughout the state. million across 234 loans in the past 12 months, according to the mortgage data platform Modex. million in origination across 205 loans over the past 12 months, Modex showed.

Banks 367

Banks FHA loan Lending Equity 367

RIS Media

MAY 13, 2022

Commercial and multifamily mortgage loan originations increased 72% in the first quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First-quarter 2022 originations down 39% from fourth-quarter 2021.

Commercial 94

Commercial Lending Investor Loans 94

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 378

Commercial Finance Loans Mortgages 378

RIS Media

AUGUST 5, 2021

Delinquency rates for mortgages backed by commercial and multifamily properties declined in July, according to the Mortgage Bankers Association’s (MBA) latest monthly CREF Loan Performance Survey. of outstanding loan balances were current, up from 95.2% The findings: – 95.5% the previous month.

Commercial 105

Commercial Mortgages Loans Lending 105

Eye on Housing

NOVEMBER 10, 2023

According to the Federal Reserve Board’s November 2023 Senior Loan Officer Opinion Survey (SLOOS), lending standards tightened for all commercial real estate (CRE) loan categories and most residential real estate (RRE) categories in the third quarter of 2023. A higher net percentage of banks reported tighter.

Loans 72

Loans Loan Officer Commercial Lending 72

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 The bank’s loans and leases for investments rose by $950 million to $28.6 The company secured $1.4

Banks 383

Banks Commercial Loans Investor 383

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 97

Commercial Lending Loans Investor 97

Marco Santarelli

MAY 15, 2023

The commercial real estate market is currently facing a looming crisis that experts predict could surpass the challenges experienced during the 2008 financial downturn. Additionally, with a significant number of commercial mortgages due for refinancing in the coming years, the situation is becoming increasingly precarious.

Commercial 64

Commercial Marketing Lending Banks 64

Housing Wire

MAY 25, 2023

The origination activity will cease effective July 31, 2023, but all outstanding mortgage loans will continue to be serviced in accordance with the terms and conditions of the agreements. The company had 53 active loan officers and 30 branches, per the Modex data. loans, adjustable rates, and home equity, among others.

Mortgages 379

Mortgages FHA loan Loan Officer Banks 379

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 366

Mortgages Lending Banks Commercial 366