Housing Wire

AUGUST 2, 2024

OceanFirst Bank N.A. which will become a new division for the regional depositary bank, HousingWire has learned. Garden State’s website and social media page reflect the status of a “division of OceanFirst Bank N.A.” Meanwhile, OceanFirst Bank , founded in 1902, had about 200 loan officers as of Friday, the NMLS data shows.

Banks 468

Banks Loans Loan Officer Lending 468

Housing Wire

MARCH 8, 2024

In remarks made Thursday to the Senate Banking Committee this week, Federal Reserve Chair Jerome Powell said he expects some U.S. banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. There will be bank failures, but not the big banks.”

Banks 493

Banks Commercial Residential Lending 493

Housing Wire

OCTOBER 22, 2024

Rawls is the latest addition to a leadership team of seven executives at the developing company. Guaranteed Rate Affinity highlighted Rawls’ promotion as a key development in their partnership with New Jersey-based real estate franchise Coldwell Banker , a subsidiary of Anywhere.

Lending 433

Lending Mortgages Loan Officer Development 433

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital. “In

Construction 459

Construction Development Loans Lending 459

Housing Wire

JANUARY 7, 2025

Bank ‘s threshold for affordable housing payments 28% of monthly income. Ohio is projected to experience statewide population declines in 74 of 88 counties over the next 25 years, according to the Ohio Department of Development. NetCredit’s released an analysis this week of the 100 most populous cities in the U.S.

Development 418

Development Banks Closing Mortgages 418

Housing Wire

JANUARY 8, 2025

On Wednesday, the Office of the Comptroller of the Currency (OCC) took protective measures by issuing a proclamation that allows national banks, federal savings associations, and federal branches and agencies of foreign banks to close their offices in areas of California affected by the fires. Who’s bearing the risk?

Banks 418

Banks As-is Development Closing 418

Housing Wire

JANUARY 28, 2025

… The trend over the last few years of banking financing retreating from this sector , I think it opened up a lot more opportunities for BPL lenders to be the at the forefront of the funding solution to residential developers and investment. . I think [about] five years ago, banks were still extremely active in the sector.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.

Banks 468

Banks Mortgages Lending Loan Officer 468

Housing Wire

MAY 22, 2024

Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. He also held various executive positions at Bank of America for 16 years. “We Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance.

Lending 448

Lending Development Loan Officer Finance 448

Housing Wire

OCTOBER 24, 2023

Trade groups and fair housing associations applauded the changes, including the extension of the implementation timeline and recognition of Special Purpose Credit Programs (SPCPs) in a bank’s CRA rating. The CRA encourages banks to help meet the credit needs of their communities, with a focus on low- and moderate-income borrowers.

Banks 434

Banks Lending Equity Development 434

Housing Wire

JANUARY 19, 2024

Tennessee-based community bank Patriot Bank agreed to pay $1.9 Over the same six-year period, other banks received nearly 3.5 Patriot Bank denied any allegations of redlining. million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices.

Banks 482

Banks Loan Officer Lending Loans 482

Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. Attorneys representing Ginnie Mae and the U.S.

Banks 448

Banks Mortgages Lending Loans 448

Housing Wire

FEBRUARY 26, 2025

These are some of the elements that Medina Cicak, chief commercial officer for Heartland Bank in Australia , and Keira Billot, the bank’s New Zealand -based general manager of retail and reverse mortgages, discussed in an interview with HousingWire s Reverse Mortgage Daily (RMD). Department of Housing and Urban Development (HUD).

Mortgages 332

Mortgages Banks Equity Development 332

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 297

Lending Equity Banks Construction 297

Housing Wire

JULY 1, 2024

Texas Capital Bank (TCB) is seeking a new partial summary judgment in its suit against Ginnie Mae. The bank seeks to bring the attention of the matter to the court. But TCB’s lien is on the tails, which are not the same thing, the bank contends. TCB also filed a sample version of an order the judge can issue in its favor.

Banks 429

Banks Mortgages Equity Development 429

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. In the mortgage space, TD Bank was a top-35 U.S. The bank has presence in 15 states and Washington, D.C. TD Bank’s plan also includes $7.5

Banks 447

Banks Lending Loans Finance 447

Housing Wire

APRIL 24, 2025

He began his career in investment banking at Bank of America and Moelis & Co. During his tenure at Real, Jani has also contributed to corporate strategy, mergers and acquisitions , and the development of new products including Real Wallet , a financial tool for agents.

Brokerage 341

Brokerage Investor Banks Finance 341

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. We likely would not have seen mortgage rates at 8% that year if the spreads hadn’t worsened after the banking crisis. In 2023, spreads reached as high as 3.10%. year over year.

Mortgages 492

Mortgages Banks As-is Sales 492

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. In addition, the bank discouraged these customers from obtaining home loans, according to the complaint.

Banks 435

Banks Lending Loan Officer Loans 435

Housing Wire

DECEMBER 17, 2024

has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate , homebuilding and title insurance industries. The reverse mortgage division of Fairway Independent Mortgage Corp. Pistols achievements are only outshined by his kindness and generosity.

Lending 397

Lending Title Mortgages Banks 397

Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) and Ginnie Mae largely deny any allegations made against the company in the original complaint. Ultimately, Ginnie Mae is again seeking to have the bulk of the claims made by the bank dismissed, but presiding Judge Matthew Kacsmaryk of the U.S.

Banks 468

Banks Title Equity Development 468

Housing Wire

JULY 11, 2024

The latest annual report from The Counselors of Real Estate highlights 10 major issues expected to impact the housing industry in 2024, but developers are painfully familiar with at least two of them: labor shortages and skyrocketing capital costs. The result is a sharp increase in labor costs, and longer construction times.

Development 435

Development Construction Finance Investor 435

Housing Wire

MARCH 20, 2024

They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. That way, credit unions, banks and other lenders [can use it] to help them get off to a good start.” s reverse division to transition back into a role as a reverse mortgage broker.

Development 459

Development Industrial Mortgages Loans 459

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product.

Development 448

Development Loans Banks Mortgages 448

Housing Wire

JULY 11, 2024

A magistrate judge overseeing requests in a case against Ginnie Mae brought by Texas Capital Bank (TCB) has granted each side’s respective requests for an extension — one for a partial summary judgment for TCB, and the other for a change in venue by attorneys for the U.S. government. at the time of its 2022 bankruptcy.

Banks 433

Banks Bankruptcy Mortgages Lending 433

Housing Wire

APRIL 10, 2024

In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test.

Banks 448

Banks Brokerage Mortgages Loans 448

Housing Wire

NOVEMBER 13, 2023

The original plan — to buy up troubled mortgage assets — was quickly abandoned in favor of actions like capital infusions for banks and the bailout of our auto companies. . $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown.

Banks 446

Banks Loans Bankruptcy Mortgages 446

Housing Wire

MARCH 22, 2023

The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. banking system is sound and resilient. “The U.S. The extent of these effects is uncertain. A number of financial institutions in the U.S. in December.

Banks 435

Banks Lending Mortgages Commercial 435

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). Change is a community development financial institution (CDFI) that is certified by the U.S. Change is a community development financial institution (CDFI) that is certified by the U.S.

Lending 448

Lending Banks Loans Renovation 448

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

Construction 488

Construction Finance Development Marketing 488

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. Occasionally, U.S.-based Why make the trip? the pair said. they explained.

Banks 281

Banks Commercial Mortgages Industrial 281

Housing Wire

FEBRUARY 23, 2024

government’s motion to stop the gathering of evidence in a case against Ginnie Mae , Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. TCB was thus left with no alternative but to file this action,” the bank concluded.

Banks 446

Banks Bankruptcy Lending Finance 446

Housing Wire

APRIL 10, 2025

policymakers scramble for answers, countries abroad have already developed and deployed practical solutions. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. And while U.S. The scale of the lock-in problem is staggering.

Design 273

Design Marketing Fixed-rate mortgage Finance 273

Housing Wire

OCTOBER 15, 2024

McKinney, who’s been CEO of Benchmark since 2016, will serve as executive vice president for growth and strategic development at PrimeLending. PrimeLending is backed by Hilltop Holdings , a holding company that includes PlainsCapital Bank and Hilltop Securities. ” Benchmark, meanwhile, has originated about $2.5

Loan Officer 448

Loan Officer Banks Mortgages Industrial 448

Housing Wire

DECEMBER 12, 2024

Many national companies had already established national refi rates with some of the biggest banks and lenders and yet that left many doing what they have always done; waiting until all the noise has fully hit and then reacting. Unfortunate for most, whereas a few had prepared, most did not see the magnitude of this market anomaly!

Title 367

Title Marketing Banks Loans 367

Housing Wire

NOVEMBER 14, 2024

They’ve managed to continue securitizing across their platforms, which has allowed them to grow their portfolio, increase earnings, and get back to covering the dividend from an earnings-available-for-distribution standpoint this quarter, which was a positive development,” Harter said.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

MARCH 6, 2025

Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. Prior to the four properties he purchased via SmartSale in 2024, all of Richards Auction.com purchases were through online bank-owned (REO) auctions. million registered users.

Renovation 365

Renovation Investor Property Management Development 365