Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. The home equity loans balance was $24.7 The residential mortgage loan balance for First Internet was $383.9 million. “The

Banks 448

Banks Mortgages Lending Commercial 448

Housing Wire

APRIL 18, 2023

Higher interest rates pushed up profits for Bank of America (BofA) in the first quarter of 2023, but much like its depository peers, JP Morgan Chase and Wells Fargo , the mortgage business dropped by double-digits during this period. The bank posted a net income of $8.2 Consumer banking division posted a net income of $3.1

Banks 365

Banks Mortgages Equity Loans 365

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” For example, bank regulators in July released a plan to increase capital requirements for residential mortgages, the Basel III Endgame rules. ” Another opportunity is in the home equity space.

Equity 409

Equity Banks Investor Residential 409

Housing Wire

JULY 25, 2024

Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). FDIC ) in March 2023, has faced a confidence crisis related to its commercial real estate portfolio.

Banks 493

Banks Equity Commercial Mortgages 493

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 billion AUD, or roughly $1.2 billion USD.

Mortgages 446

Mortgages Banks Finance Branding 446

Housing Wire

APRIL 16, 2024

Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. Loan production in the home equity arena was $1.8 BofA’s mortgage assets Bank of America had $227.7 The home equity portfolio was $25.5 The home equity portfolio was $25.5

Mortgages 448

Mortgages Banks Equity Commercial 448

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The bank was followed by Flagstar, with $11.8 billion in volume and a 12.3%

Loans 461

Loans Mortgages Due diligence Banks 461

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

FEBRUARY 15, 2024

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending.

Loan Officer 424

Loan Officer Commercial Investor Banks 424

Housing Wire

SEPTEMBER 10, 2024

about the 2023 Basel III Endgame proposal , which would modify risk-based capital requirements for large banks. He also described increasing aggregate common equity tier 1 capital requirements for the global systemically important banks (G-SIB) by 9%, and increasing capital requirements for non-GSIB firms subject to the rule by 0.5%.

Banks 448

Banks Lending Finance Loans 448

Realty Biz

SEPTEMBER 14, 2022

If you’ve ever purchased a home, you’re probably familiar with the term “equity” and what it means. When it comes to buying a house, your down payment is the initial equity you have in the property. The rest is financed through your loan with a bank, which you slowly pay off over time. . How Does Preferred Equity Work?

Commercial 92

Commercial Equity Investor Finance 92

Housing Wire

MARCH 20, 2023

Flagstar Bank , a top-20 U.S. mortgage lender owned by New York Community Bancorp, announced on Sunday that it has assumed most deposits and acquired certain assets, business lines and liabilities of Signature Bridge Bank, N.A. Ultimately, the New York state chartering authority closed the bank on March 12.

Banks 370

Banks Commercial Lending Loans 370

Housing Wire

OCTOBER 2, 2024

This process included removing a variety of debt — including commercial mortgages, personal loans and auto loans — from balance sheets and making credit available to traders. Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking.

Lending 459

Lending Banks Loans Residential 459

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S.

Mortgages 370

Mortgages Banks Equity Residential 370

Housing Wire

OCTOBER 10, 2024

Similar to past experiences, Hurricane Helene may lead to 5% of mortgage borrowers in affected areas becoming delinquent but eventually self-curing over the next 12 months, according to a Bank of America (BofA) analysis. billion, a total that includes residential and commercial properties. billion to $47.5

Loans 375

Loans Equity Principal Residential 375

Housing Wire

MARCH 1, 2024

DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB. Long Island-based NYCB, which concluded the acquisition of Flagstar Bank in December 2022 and rescued Signature Bank in March 2023, has faced a confidence crisis due to its exposure to commercial real estate loans.

Banks 435

Banks Loans Commercial Mortgages 435

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. Plus, many owners have no other option.

Lending 113

Lending Commercial Banks Construction 113

Marco Santarelli

JULY 31, 2024

For decades, commercial real estate has been the bedrock of the American economy. With over a trillion dollars in commercial real estate loans maturing in the next two years, the perfect storm is brewing, Harvard Business Review reports. A steady, reliable giant. But now, cracks are appearing in this foundation.

Commercial 64

Commercial Banks Loans Investor 64

HomeLight

JULY 16, 2024

While it may initially seem complex, how to calculate home equity is actually quite simple. What may be more difficult is deciding how and when to use your home equity. In this post, we’ll show you four easy steps to calculate your home’s equity and help you tap into what you need — and what to consider before you do.

Equity 112

Equity Loans Commercial Mortgages 112

Housing Wire

APRIL 4, 2023

Former Bank of America executive Marty Migliara has been tapped to lead the operations in the region. Rithm, a New York-based asset manager, is opening an office in London to seek equity and debt investments across the real estate and consumer finance sectors, the company announced on Monday.

Commercial 386

Commercial Lending Equity Banks 386

Housing Wire

SEPTEMBER 17, 2024

Opportunities for private credit in the residential mortgage sector have continued to grow as commercial banks have increasingly divested these loans from their balance sheets,” said David Schamis, co-founder and chief investment officer at Atlas Merchant Capital.

Mortgages 330

Mortgages Residential Equity Loans 330

Housing Wire

MAY 25, 2023

has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. Department of Veteran Affairs (V.A.)

Mortgages 397

Mortgages FHA loan Loan Officer Banks 397

Housing Wire

APRIL 28, 2023

Jakes Real Estate Ventures began purchasing the site in 2022 to create commercial and residential spaces. In December, the bank agreed to pay $1.7 Consequently, the regulator ordered the bank to pay more than $2 billion in redress to consumers. It also follows several scandals related to its lending practices.

Lending 457

Lending Banks Commercial Development 457

Housing Wire

MARCH 23, 2023

The ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third largest bank failures in U.S. history, respectively — also threatens liquidity channels for the independent mortgage banks (IMBs).

Industrial 448

Industrial Banks Lending Equity 448

Housing Wire

MARCH 1, 2024

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. million; Customers Bank receive $7.64

Banks 432

Banks Bankruptcy Commercial Equity 432

Housing Wire

JULY 1, 2024

Freddie Mac has long purchased cash out refinances , which give homeowners whose homes have appreciated in value the ability to access some of the equity in their home. The second objection is that there are already sufficient private sector loan options for this loan product — primarily the banks and a small cohort of PLS originators.

Loans 442

Loans Mortgages Banks Lending 442

Marco Santarelli

MAY 15, 2023

The commercial real estate market is currently facing a looming crisis that experts predict could surpass the challenges experienced during the 2008 financial downturn. Additionally, with a significant number of commercial mortgages due for refinancing in the coming years, the situation is becoming increasingly precarious.

Commercial 64

Commercial Marketing Lending Banks 64

Realty Biz

SEPTEMBER 25, 2023

Commercial real estate has long been considered a pillar of stability and prosperity. Consequently, office space vacancies have surged, leading to a substantial decrease in rental income for commercial property owners. Furthermore, many of them have depleted equity, exacerbating the situation.

Commercial 71

Commercial Lending Banks Investor 71

Marco Santarelli

MARCH 20, 2023

In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure , and unfortunately, there have been quite a few in the United States over the years. Banks are an important part of our financial system, but unfortunately, they can fail from time to time.

Banks 139

Banks Commercial Closing Loans 139

Realty Biz

JANUARY 27, 2022

Commercial real estate sales in the U.S. The report said commercial property sales hit a record-breaking $809 billion last year, almost double that of 2020’s total sales. Real estate and private equity investors are still flush with cash and banking on more commercial property investments in 2022, The Wall Street Journal reported.

Commercial 95

Commercial Sales Investor Equity 95

Real Trends

SEPTEMBER 7, 2022

In recent years, more women have been making serious strides in commercial real estate, and women-owned businesses are on the rise. According to a 2020 Commercial Real Estate Women (CREW) report , women made up just 36% of the industry, while women holding executive positions only amounted to 9%. Greater gender equity is key.

Commercial 76

Commercial Equity Industrial Finance 76

Marco Santarelli

MAY 8, 2024

The banking sector is the backbone of any economy, providing the necessary financial services to individuals and businesses alike. According to the expert, almost 300 banks are currently at a higher risk of failure in the United States. Why 300 Banks Are at Higher Risk of Failure?

Banks 52

Banks Commercial Equity Lending 52

Housing Wire

AUGUST 17, 2022

EagleBank , one of the largest community banks in metro Washington, D.C., Securities and Exchange Commission (SEC) over insider-lending allegations brought against the bank and its former top executive, Ronald Paul. The bank, which operates a mortgage-lending unit, along with its holding company, Eagle Bancorp Inc.,

Lending 391

Lending Banks Loans Investor 391

Housing Wire

MAY 24, 2021

“Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. Presented by: Sagent Lending Technologies.

Land 445

Land Lending Technology Banks 445

Housing Wire

JULY 1, 2024

Devon Bevis Senior Vice President Correspondent & Co-Issue Sales Mr. Cooper Dionna Hall Chief Executive Officer Broward, Palm Beaches & St.

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

SEPTEMBER 29, 2020

These include one that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions, the release said. Announced in April, this rule applies only to loans kept in a bank’s portfolio, and originally alarmed appraisers. 31 this year.

Commercial 448

Commercial Residential Equity Banks 448

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 447

Development Loans Banks Mortgages 447