Housing Wire

APRIL 1, 2025

Mechanics Bank and HomeStreet Inc. Under the terms of the merger which was unanimously approved by the boards of directors of both companies HomeStreet Bank will be merged with and into Mechanics Bank. Webb, chairman of the board of directors of Mechanics Bank, said in a statement.

221

221

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. Escobar, who is the 2025 MBA Chair and president of Lennar Mortgage , encouraged Hoffman to expand the program at Cleveland State where Hoffman was already teaching.

Banks 370

Banks Mortgages Lending Residential 370

Housing Wire

AUGUST 8, 2024

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial , has struck a deal to acquire Greenwoods Financial Group , the owner of Greenwoods State Bank. Greenwoods State Bank will be owned by a single individual, pending regulatory approval and board vote.” advised Greenwoods State Bank.

Banks 468

Banks Equity Mortgages Loans 468

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

OCTOBER 8, 2024

On Tuesday, the firm announced the launch of the Qualia Bank Partner Network. The banks in the network include BankUnited , Capital Bank , Citizens , Encore Bank and Emigrant Bank. Additionally, the companies in the network will receive specialized support from a dedicated banking division.

Title 432

Title Banks Earnest money deposit Technology 432

Housing Wire

SEPTEMBER 19, 2024

Department of Justice (DOJ) announced this week that they have secured a $15 million conciliation agreement with New Jersey-based OceanFirst Bank to settle allegations of discriminatory redlining in certain neighborhoods with majority Black, Hispanic and Asian populations. which will become a new division for the regional depository bank.

Banks 447

Banks Lending Loans Loan Officer 447

Housing Wire

OCTOBER 24, 2024

Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight quarter. Foreclosure supply at auctions is now at 44% of the pre-pandemic level in first-quarter 2020, while bank-owned supply is at 37%.

Marketing 482

Marketing Banks Development Mortgages 482

Housing Wire

MARCH 7, 2025

Hochul is seeking to mandate specialized training for bank tellers and other banking professionals in New York to identify and stop instances of elder financial abuse before they take place, according to a report from Newsday. Older Americans are often targets of financial scams by bad actors, and New York Gov.

Banks 369

Banks Finance Technology As-is 369

Housing Wire

OCTOBER 30, 2024

A consent order signed by a Connecticut banking commissioner said that LoanSnap failed to notify the Nationwide Multistate Licensing System (NMLS) that its main address had changed. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). FHFA Director Sandra Thompson lauded the development in a statement accompanying the report.

Banks 459

Banks Loans Development Finance 459

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

Banks 293

Banks Finance Mortgages Lending 293

Housing Wire

MARCH 26, 2025

That’s according to the CFO Survey, a collaboration between Duke Universitys Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. in Q1 2025, which the Fed banks said nearly erases the gains from a post-election jump. The CFO Survey was fielded from Feb. 18 to March 7. in Q4 2024 to 62.1

Banks 364

Banks Commercial Industrial As-is 364

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. California and Washington are the bank’s main markets. According to the mortgage tech platform Modex , HSBC originated about $3.5

Loan Officer 418

Loan Officer Lending Banks Loans 418

Housing Wire

FEBRUARY 25, 2025

The 2024 STAR program recipients are: General Servicing Associated Bank Cenlar Federal Savings Bank Colonial Savings Fifth Third Bank, N.A. JPMorgan Chase Bank M&T Bank Truist Bank The PNC Financial Services Group Inc. Provident Funding Associates LP University Bank Wells Fargo & Co.

Mortgages 312

Mortgages Banks Lending Residential 312

Housing Wire

MARCH 28, 2025

Three federal banking regulators announced their intent to issue a proposal that would rescind the Community Reinvestment Act (CRA) final rule issued in October 2023. banks to partner with and finance community groups and low-income borrowers to reverse the effects of redlining. The original rule obligated U.S.

Banks 307

Banks Lending Loans Finance 307

Housing Wire

MARCH 17, 2025

In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment. Congress clearly laid out Ginnie Maes authority to pool backing securities that the company guarantees, the bank argued.

Banks 361

Banks Loans Mortgages Title 361

Housing Wire

FEBRUARY 24, 2025

Cooper won’t be onboarding as many Flagstar Bank employees as initially projected in its $1.4 billion deal to acquire the depository bank’s residential mortgage servicing operations. Multiple sources told HousingWire that Flagstar began layoffs on Friday.

Banks 363

Banks Residential Mortgages Technology 363

Housing Wire

JANUARY 14, 2025

In commentary released last week, Bank of America analysts labeled the December jobs report as gangbusters as nonfarm payrolls jumped by 256,000 positions, well above the six-month average growth rate of 165,000. Given a resilient labor market, we now think the Fed cutting cycle is over, Bank of America analysts wrote.

Mortgages 418

Mortgages Banks Loans As-is 418

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 300

Lending Equity Banks Construction 300

Housing Wire

DECEMBER 17, 2024

The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage. The defendants in the suit did not respond to HousingWire s requests for comment.

Earnest money deposit 397

Earnest money deposit Purchase and sale agreement Title Banks 397

Housing Wire

JANUARY 13, 2025

The University of Florida alum also has chairman and executive leadership experience with companies like Tax Guard , Capital Bank , Ally Financial , Fifth Third Bank and Bank of America. This came after the company acquired Flagstar Bank assets in July. trillion at the end of the third quarter.

Banks 370

Banks Title Technology Industrial 370

Housing Wire

NOVEMBER 13, 2024

Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003. Cornish also dives into his experience at a local Iowa bank after leaving Wells Fargo following the post- housing crisis industry changes in 2008. Cornish: It was a great time. I didn’t have any choice but to succeed. That was the first thing.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

Housing Wire

MARCH 14, 2025

Some recent media reports have indicated that larger banks longtime opponents of the CFPB in courtrooms and regulatory disputes may not actually want the bureau to be dismantled. They were very worried when the CFPB started looking under the hood on how they were getting into payments, banking and lending, he explained.

Banks 326

Banks Lending Mortgages Investor 326

Housing Wire

MARCH 24, 2025

It excludes new construction homes , foreclosure sales, auction sales, non-arms-length transactions, bank/corporate/government acquisitions, invalid quit claims and outlier sale prices (defined as below $10,000 or above $10 million). Zillow said only this subset of off-MLS transactions was included in the analysis.

MLS 501

MLS Sales New Construction Construction 501

Housing Wire

DECEMBER 2, 2024

In August 2023 , the bank announced the launch of the program in eight major U.S. Eligible buyers can combine the bank’s down payment grant with other programs, which could result in up to $15,000 for closing costs and a down payment. At the time of its launch, the bank committed $210 million to helping minority families.

Lending 397

Lending Closing costs Banks Equity 397

Housing Wire

DECEMBER 19, 2024

Caldwell also brings robust banking experience with the likes of U.S. Bank and JPMorgan Chase. At Compass, he founded The Apollo Group, a team that achieved national acclaim from industry observers. The 2023 RealTrends Verified rankings listed the group as the No. 1 mega team by sales volume and units.

Brokerage 397

Brokerage Banks Agents Sales 397

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.

Banks 418

Banks As-is Development Closing 418

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. In New Zealand, there are only two main providers of reverse mortgages, both are banks, they said.

Banks 293

Banks Commercial Mortgages Industrial 293

Housing Wire

FEBRUARY 11, 2025

At their core, the FHLBanks exist to serve their members community banks, credit unions, insurance companies, and community development financial institutions by providing access to low-cost, reliable funding. The FHLBanks impact on the financial system cannot be overstated.

Lending 394

Lending Development Banks Loans 394

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

MARCH 7, 2025

Community bank Bank7 acquired a small Oklahoma independent mortgage bank last week. Jet HomeLoans was advised on the transaction by Sterling Point Advisors , Milliman and McGlinchey Stafford. The announcement caps a busy two weeks of mergers and acquisitions in the mortgage space.

Banks 378

Banks Title Mortgages As-is 378

Housing Wire

MARCH 19, 2025

Halonen joins Longbridge after more than four years at TD Bank , where he served as a senior vice president and head of underwriting. He previously served at other large financial services companies such as Citi and US Bank.

Banks 347

Banks Lending Mortgages Industrial 347

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

Marketing 418

Marketing Lending Branding Banks 418

Housing Wire

MARCH 27, 2025

” On Thursday, Pulte directed the Federal Home Loan Banks (FHLBanks) to rescind a 2024 bulletin that provides guidance for managing climate-related risks. ” He noted that additional frameworks create unnecessary expenses.

Inspection 317

Inspection Banks Lending Loans 317

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).

Mortgages 335

Mortgages Banks Equity Development 335

Housing Wire

MARCH 24, 2025

The market is local and lenders must think that way A common misconception in mortgage banking is that we operate in a national market. Brad Vasto, Chief Revenue Officer of Dark Matter Technologies, has worked in the mortgage banking and financial services industries for more than 30 years. Those who dont?

Technology 368

Technology Loan Officer Loans Banks 368

Housing Wire

OCTOBER 18, 2024

This could result in the local community banks and credit unions providing the financing, likely with maximum loan-to-value ratios of 80% or less.” One Florida mortgage broker said the Provident exit gave him “a feeling that we will see other major lenders exiting the condominium market in Florida.

Mortgages 524

Mortgages Marketing Lending Finance 524