Housing Wire

APRIL 3, 2025

The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023. The bank alleged that Ginnie Mae had extinguished, in return for no consideration, TCBs first priority lien on tens of millions of dollars in collateral stemming from the [FHA]-sponsored [ HECM ] program. District Court for the Northern District of Texas.

Banks 248

Banks Principal Mortgages Lending 248

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

MARCH 20, 2025

the holding company for Blue Ridge Bank and BRB Financial Group Inc. , on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Blue Ridge Bankshares Inc. , William Beale, president and CEO of Blue Ridge Bankshares, said in a statement.

Banks 271

Banks Purchase and sale agreement Mortgages Residential 271

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 467

Banks Equity Mortgages Loans 467

Housing Wire

APRIL 8, 2025

While many brokerage leaders experiment with reimagined commission models and marginal tweaks, The Real Brokerage is playing a different game altogether. Most companies in our space focused on reworking the business model, says CEO and founder Tamir Poleg. Were going deep into pure tech innovation.

Brokerage 284

Brokerage Banks Technology Title 284

Housing Wire

APRIL 3, 2025

Depository banks JPMorgan Chase and Wells Fargo made the top five, while Cleveland-based retail lender CrossCountry Mortgage continued its upward trajectory and was No. A smattering of depository banks ( Bank of America , Citibank , PNC Bank , Citizens Bank , Morgan Stanley ) and one credit union ( Navy Federal ) made the list this year.

Mortgages 398

Mortgages Banks Lending Loans 398

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

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

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

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 362

Banks Finance Technology As-is 362

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 345

Banks Commercial Industrial As-is 345

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

APRIL 10, 2025

It is at the intersection of business, banking, and the economy. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field. The state of the CRE market provides a glimpse into the condition of the overall economy.

Investor 468

Investor Commercial Finance Loans 468

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 342

Banks Residential Mortgages Technology 342

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 395

Earnest money deposit Purchase and sale agreement Title Banks 395

Housing Wire

OCTOBER 22, 2024

based agents can sign up for a business checking account with Thread Bank , which includes a Real-branded debit card. Looking ahead, Real said it aims to unify these features, making Real Wallet a comprehensive financial solution for all of an agent’s business banking needs. and Canada.

Agents 435

Agents Brokerage Technology Staging 435

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 366

Banks Title Technology Industrial 366

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 369

Mortgages Sales Loan Officer Lending 369

Housing Wire

APRIL 1, 2025

Mr. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024. Cooper, which is to be completed by Q4 2025, in an all-stock deal valued at $9.4 This business portion, now under A&Ds ownership, was not mentioned in Rockets merger announcement yesterday.

Closing 384

Closing Mortgages Lending Banks 384

Housing Wire

APRIL 17, 2025

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023, according to the Mortgage Bankers Association (MBA)’s annual Mortgage Bankers Performance Report.

Loans 350

Loans Banks Mortgages Industrial 350

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 338

Banks Loans Mortgages Title 338

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 248

Mortgages Banks Lending Residential 248

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

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 230

Banks Finance Mortgages Lending 230

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

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

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 395

Brokerage Banks Agents Sales 395

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 382

Lending Development Banks Loans 382

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 414

Marketing Lending Branding Banks 414

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 242

Lending Equity Banks Construction 242

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

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 347

Residential Lending Finance Banks 347

Housing Wire

JANUARY 7, 2025

The CFPB alleges that Experian routinely and uncritically accepted responses from banks, credit companies and debt collectors on consumer disputes, even when it was illogical on its face or unreliable. Experian representatives did not immediately respond to HousingWire s request for comment.

Finance 418

Finance Banks Mortgages Loans 418

Housing Wire

NOVEMBER 13, 2024

The report only considers homes in default, auction and real estate-owned (REO) status — i.e., those owned by a bank, government agency or another party after foreclosure. Only filings listed in the Attom data warehouse in Q3 2023 were considered, although the company noted that some filings may come from Q2 2023.

Real-estate owned 448

Real-estate owned Mortgages Closing Banks 448

Housing Wire

OCTOBER 31, 2024

Consumers should also avoid emailing financial information, such as bank account numbers. If wiring instructions are emailed, be on the lookout for changes to the expected email address, such as the addition or deletion of one or more characters.

Title 475

Title Industrial Land Banks 475

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 360

Technology Loan Officer Loans Banks 360