Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

Finance 397

Finance Lending Title Mortgages 397

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 Finance of America shares were trading at $3.39 On paper, the company posted a $1.17

Finance 381

Finance Investor Mortgages Commercial 381

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 370

Finance Lending Mortgages Renovation 370

Housing Wire

NOVEMBER 2, 2021

Powerhouse lender/servicer New Residential Investment Corp. Michael Nierenberg, who heads New Residential, gave the industry a glimpse of where things stand after the acquisition, noting in a statement that the “integration of Caliber and Newrez mortgage platforms is well underway.”. Become a member today. Already a member?

Residential 357

Residential Loans Mortgages Sales 357

Housing Wire

MAY 17, 2023

“How long that can continue is hard to say.” The big thing is the carrying cost that a lot of [smaller] investors don’t realize. “If

Finance 367

Finance Marketing Lending Investor 367

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 317

Closing Principal Investor Residential 317

Realty Biz

NOVEMBER 6, 2023

Germany's wave of cancellations in residential construction continues at alarming rates, with expectations reaching an exceptional low of -63.9 In residential construction, new business remains very low and companies' order backlogs are diminishing. of companies reported cancelled projects in October 2023, up from 21.4% in September.

Residential 67

Residential Construction Finance Lending 67

Housing Wire

JULY 31, 2023

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations.

Loans 340

Loans Finance Residential Renovation 340

Housing Wire

OCTOBER 6, 2023

But people need homes,” said Kenny Deen, senior account executive at the independent mortgage banker and residential home lender Paramount Residential Mortgage Group. Then, we have all the traditional financing options, including jumbo.” “We’re people who have been around for a while.

Mortgages 473

Mortgages VA loan Finance Loans 473

Housing Wire

JANUARY 22, 2024

As part of the deal , NAF would acquire the residential mortgage arm of Draper & Kramer , a property and financial services group established in 1893 by Arthur W. The board didn’t have an interest in keeping a residential mortgage division,” the employee told HousingWire. Draper and Adolph F. Mortgage tech platform Modex shows $8.2

Mortgages 344

Mortgages Loan Officer Residential Loans 344

Housing Wire

JANUARY 16, 2024

Anchor Loans’ TPO channel will provide residential business purpose loan products – including bridge , fix and flip, ground-up construction and rental investor loans with debt service coverage ratio (DSCR), the firm said in a release. Tim Landwehr, co-chief revenue officer, led the launch of the TPO channel. “We

Loans 438

Loans Investor Banks Finance 438

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 339

Commercial Lending Finance Title 339

Housing Wire

MARCH 7, 2024

Heightened residential mortgage capital requirements for larger depository institutions could further strain an already challenged housing finance landscape. The proposed reforms have sparked particular concerns within the housing sector, notably regarding the impact on the jumbo mortgage market and regional banks.

Banks 397

Banks Lending Residential Mortgages 397

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S.

Finance 393

Finance Principal Residential Development 393

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. The proposed rule would implement a Congressional mandate establishing consumer protections for the residential PACE loans.

Loans 340

Loans Lending Finance Renovation 340

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

Lending 372

Lending New Construction Construction Finance 372

Housing Wire

FEBRUARY 21, 2024

The industry side of the board includes Eddy Perez, CEO of Equity Prime Mortgage (EPM) ; Phil Shoemaker , CEO of The Loan Store ; Chris Vinson, CEO of Windsor Mortgage ; and Kevin Peranio, chief lending officer of Paramount Residential Mortgage Group (PRMG).

Lending 403

Lending Finance Loans Mortgages 403

Housing Wire

MARCH 15, 2023

Seelig will focus on assisting the organization in their mission of providing financing to the residential mortgage market, Almodovar added. residential real estate mortgages. Fannie Mae currently backs nearly $4.1 trillion in U.S.

Title 393

Title Residential Finance Mortgages 393

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. After blockbuster years financing some of the largest real estate projects in the country, including Manhattan skyscrapers and luxury condo buildings in Miami, Bank OZK had become one of the most well-known names in the industry.

Banks 67

Banks Construction Finance Commercial 67

Housing Wire

JANUARY 19, 2024

Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. Sources told HousingWire that New York-based RealFi (formally known as Residential Home Funding Corp. “This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb.

Mortgages 429

Mortgages FHA loan Loan Officer Loans 429

Housing Wire

APRIL 30, 2024

HousingWire: The Money Store prides itself on providing easy, efficient, and affordable home financing. Coleen Bogle: At The Money Store, our core focus is on facilitating seamless and affordable home financing solutions. Our marketing approach is centered around transparently communicating this commitment to our customers.

Loan Officer 421

Loan Officer Technology Loans Finance 421

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. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates. In the mortgage space, TD Bank was a top-35 U.S.

Banks 371

Banks Lending Loans Finance 371

Housing Wire

DECEMBER 5, 2023

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases.

Equity 401

Equity Investor Technology Residential 401

Housing Wire

JUNE 13, 2022

Multichannel lender Finance of America (FoA) Monday announced Patti Cook will step down from her role as chief executive officer June 30, in anticipation of her retirement due to an existing medical condition. . According to Inside Mortgage Finance, Cook is leaving the leadership team of the 32nd largest mortgage lender in the U.S.

Finance 361

Finance Residential Commercial Mortgages 361

Housing Wire

FEBRUARY 13, 2024

Academy was not on Inside Mortgage Finance ’s list of the 100 owned mortgage servicing firms as of the third quarter in 2023 (No. 100, Primary Residential Mortgage in Utah, had $9.47 During this period, 15% of the volume was in Washington, 13% in Utah and 7.6% billion in MSRs). Meanwhile, Guild’s volume reached $12.85

Mortgages 432

Mortgages Loan Officer Loans Finance 432

Housing Wire

MARCH 21, 2024

Planet Home Lending is an originator, correspondent lender, servicer and subservicer of agency and nonagency residential and commercial mortgages. Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data. increase.

Lending 372

Lending Sales Commercial Loans 372

Housing Wire

NOVEMBER 2, 2023

Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. I broker business-purpose loans completely in a manner which is fully compliant with all laws and regulations and anything said to the contrary is incorrect,” Strauss told Inside Mortgage Finance (IMF) in early September.

Loan Officer 435

Loan Officer Bankruptcy Loans Residential 435

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

Eye on Housing

NOVEMBER 10, 2021

The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), lending standards and demand for residential real estate (RRE) loans both eased slightly in the third quarter of 2021. Read More ›

Residential 104

Residential Loan Officer Commercial Lending 104

Housing Wire

JULY 18, 2023

The current jobs cut also comes amid rumors that depositary lenders would see changes to their residential mortgage capital requirements under the Basel III regulations. “At U.S. Inside Mortgage Finance first reported news of the layoffs. U.S. The current rule sets a 50% risk weight on most first-lien residential mortgages.

Banks 370

Banks Mortgages Residential Lending 370

Housing Wire

MARCH 21, 2024

(FDIC) and the Office of the Comptroller of the Currency (OCC) in July 2023 – boosted capital requirements for residential mortgage portfolios at large U.S. As a result, the Basel Endgame proposal “poses a significant risk to the stability of the housing finance market if it is not modified across all of these dimensions,” Frantantoni stated.

Industrial 350

Industrial Banks Residential Lending 350

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). billion have been completed involving HELOCs as collateral.

Equity 380

Equity Marketing Fixed-rate mortgage Finance 380

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 379

Lending Banks Finance Loans 379

Housing Wire

FEBRUARY 3, 2023

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. As labor and supply chain shortages also extend the timelines and budgets of projects, homeowners are favoring flexible financing options.

Renovation 380

Renovation Fixed-rate mortgage Equity Finance 380

Keller Williams

AUGUST 17, 2022

Now is still a great time to get home financing.”. To help real estate professionals connect their clients to the financing they need, Keller Mortgage has an army of knowledgeable professionals excited to assist in all kinds of transactions. “As Keller Mortgage LLC is an affiliated business of Keller Williams Realty International.

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. Two of every three dollars made by the residential segment came from services for buyer agents.

Investor 435

Investor Residential Agents MLS 435

Housing Wire

SEPTEMBER 13, 2022

DLD provides analysis, data insights, news and industry rankings focused on the lower and middle private-equity financing spaces along with coverage of private jumbo loans of $1 billion or more. KBRA Analytics’ acquisition of DLD closed quietly on Aug. 31 for an undisclosed sum, KBRA announced.

Lending 368

Lending Finance Investor Equity 368