Housing Wire

MAY 9, 2022

Fast-rising interest rates hit Finance of America Companies hard in the first quarter of 2022 and the company cut almost 600 jobs compared to one year ago. . The executive mentioned that recently the company consolidated the wholesale channels in mortgage and commercial businesses to bring efficiency and enhance cross-sell.

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Finance Commercial Mortgages Investor 370

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 billion in 2021, up 9% compared to 2020, mainly due to reverse and commercial businesses.

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Finance Investor Mortgages Commercial 397

Housing Wire

AUGUST 4, 2022

Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout. Spreads on both agency and non agency mortgages increased to new highs in a matter of weeks,” Johan Gericke, CFO of Finance of America, told analysts.

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Finance Commercial Mortgages Closing 418

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.

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Finance Lending Loans Commercial 505

Housing Wire

AUGUST 31, 2020

This collaboration has brought on the truest sense of community.” – Bill Dallas, president of Finance of America Mortgage. Still, few bring the degree of holistic focus of Finance of America Cares (FOA Cares), which aims its generosity at both the wider world and the workforce within Finance of America.

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Finance Commercial Mortgages As-is 370

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.

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Finance Mortgages Lending Equity 388

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. HousingWire sat down with this Woman of Influence winner to find out some of the important lessons she learned along the way. There was no safety net.

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Finance Industrial Development Mortgages 395

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We experienced an inflation rate of 3.1%

Mortgages 446

Mortgages Banks Finance Branding 446

Housing Wire

SEPTEMBER 24, 2024

Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital.

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Residential Commercial Finance Loans 423

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. Presented by: WFG. billion valuation.

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Finance Lending Commercial Title 253

HomeLight

JULY 29, 2024

Whether you’re eyeing a fix-and-flip project in Sunset Heights or trying to secure a commercial property in downtown El Paso, a hard money loan can be a valuable resource. These loans provide faster access to funds compared to conventional financing, making them a popular choice for real estate investors. What is a hard money lender?

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Finance Hard money loan Home sale contingency Loans 114

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. This is resulting in new balance sheet strategies for institutional investors.

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Residential Equity Mortgages Purchase and sale agreement 487

HomeLight

AUGUST 28, 2024

Whether targeting a rehab project in Over-the-Rhine or looking at commercial spaces downtown, finding the right financing is key. In Cincinnati, hard money loans offer a unique and flexible way to finance real estate investments. Cincinnati’s real estate market offers plenty of opportunities for investors.

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Finance Hard money loan Home sale contingency Loans 115

Housing Wire

OCTOBER 10, 2024

Prominent housing finance attorney Gina Hough and her associate Trevor Cardo have joined Ballard Spahr ‘s housing finance practice, the firm announced this week. Hogh, a former vice president and deputy general counsel at Fannie Mae , will join as senior associate, said housing finance practice chair Peter Michaud.

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Finance Commercial Development As-is 309

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

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Residential Lending Finance Investor 432

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. 25, when the deal is set to expire, the company said.

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Commercial Finance Branding Principal 407

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. They establish limits for assets backed by residential or commercial real estate and mitigate the impact if the assets lose value.

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Mortgages Loans Commercial Finance 456

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. year-over-year, according to Inside Mortgage Finance. It also added that Oct. The company ranked no.

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Commercial Finance Loans Mortgages 416

Housing Wire

MAY 7, 2024

According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 The investment aims to strengthen the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. lender in the space.

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Banks Equity Lending Commercial 434

The Close

JUNE 10, 2024

Commercial real estate is a dynamic industry that allows you to help businesses find their perfect location. Whether you are looking to switch from residential real estate or are making a new career change entirely, commercial real estate offers many opportunities for growth and financial success.

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Commercial Agents Residential Property Management 83

The Close

OCTOBER 3, 2024

Well, think again—commercial real estate agents need a CRM, too! The top commercial real estate CRMs offer practical, all-in-one solutions for sales, marketing, and managing properties, contracts, and sales leads. You can also manage finances, invoices, work orders, time sheets, and expense reports. It has no free plan.

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Commercial Sales Closing Investor 68

Housing Wire

SEPTEMBER 10, 2024

Barr said the proposed changes include “reducing the risk weights for residential real estate and retail exposures, extending the scope of the reduced risk weight for certain low-risk corporate debt, and eliminating the minimum haircut for securities financing transactions,” he said. This is how the regulatory process is meant to work.”

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Banks Lending Finance Loans 448

Housing Wire

MAY 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.

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Lending Residential Technology Commercial 430

Housing Wire

JUNE 7, 2023

“Christine is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces,” said Matt Rocco , the 2023 MBA chairman and president of Colliers Mortgage.

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Commercial Finance Lending Construction 362

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. “We FDIC), banks held $2.78

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Banks Commercial Residential Lending 493

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

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Investor Bankruptcy Finance Equity 447

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. year over year, according to Inside Mortgage Finance (IMF) estimates. which had 142 sponsored loan officers and 41 active branches as of April 11.

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Loan Officer Commercial Mortgages Loans 445

Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. So, how has the industry adapted to this systemic shock?

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Lending Commercial Banks Construction 113

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 billion in mortgages in 2023.

Mortgages 460

Mortgages Banks Marketing Commercial 460

Housing Wire

MAY 15, 2024

market share, according to Inside Mortgage Finance (IMF) estimates. In January 2024, the bank suffered a confidence crisis after reporting a net loss in the last quarter of 2023 due to a provision for loan losses of $552 million, mainly impacted by its exposure to commercial real estate loans. billion in volume and a 12.3%

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Loans Mortgages Due diligence Banks 461

Housing Wire

MAY 14, 2024

These increases came despite a 2% annual decline in the number of refinance orders opened per day and flat growth in the number of commercial orders opened per day. Commercial volumes continue to be resilient and consistent.” The firm’s title segment reported $1.7 Refis are holding steady at roughly 1,000 per day at the current floor.

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Title Commercial Land Investor 474

Housing Wire

MARCH 5, 2024

“Sanjiv’s depth of experience in mortgage finance, consumer understanding and thought leadership will serve our company well as we continue to grow and evolve our business strategy and operational platform,” Stephen G. Kasnet, chairman of Two Harbors, said in a statement. Before joining Pagaya, Vas was CEO of Caliber Home Loans.

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Principal Commercial Loans Mortgages 424

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. The company has decided to cut 212 jobs in its Lake Zurich site starting on Feb. 14 to the state authority. trillion, compared to $2.2

Mortgages 447

Mortgages Commercial Banks Investor 447

RIS Media

NOVEMBER 30, 2020

The Mortgage Bankers Association (MBA) recently announced the members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) for 2021. “MBA boasts a strong leadership group of professionals from all facets of commercial real estate finance. – Michael McRoberts, PGIM Real Estate Finance.

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Commercial Finance Principal Investor 75

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.

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Lending Sales Commercial Loans 433

Housing Wire

MAY 30, 2024

We look forward to helping them continue to expand and elevate their business as they open this new chapter in their storied history.” He pioneered a comprehensive team approach in real estate, incorporating a transaction coordinator, financing professional and buyer agents to provide full service to a broader clientele. DelRose Sr.

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Brokerage Residential Commercial Development 459

Marco Santarelli

JULY 26, 2024

As we look ahead, the commercial real estate forecast for the next 5 years raises important questions for investors , businesses , and stakeholders in the industry. The Future of Commercial Real Estate: Insights for the Next 5 Years Remote Work and Office Spaces The traditional office space has seen a dramatic transformation.

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Commercial Technology Investor Property Management 52