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. Stebbins has observed various changes to the reverse mortgage industry throughout his career and he sees more change on the horizon.

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Lending Title Mortgages Banks 397

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. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Construction Development Loans Lending 459

Housing Wire

JANUARY 28, 2025

Ruimy: The BPL sector is a very fragmented industry with a lot of different players. … 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.

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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. Additionally, the people and culture at Certainty are unique, and I am excited to once again collaborate with industry colleagues and leaders who I’ve regarded so highly over years in the business.”

Lending 448

Lending Development Loan Officer Finance 448

Housing Wire

FEBRUARY 26, 2025

They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away. Department of Housing and Urban Development (HUD). Department of Housing and Urban Development (HUD). ” Partnership possibility? appears encouraging.

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Mortgages Banks Equity Development 335

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

MARCH 24, 2025

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. However, economists and industry leaders at the summit reinforced that every market is different.

Technology 368

Technology Loan Officer Loans Banks 368

Housing Wire

AUGUST 5, 2022

Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Those agencies oversee banks, and are tasked with ensuring banks do not redline , by enforcing the Community Reinvestment Act.

Banks 448

Banks Debt-to-income ratio Lending Loans 448

Housing Wire

SEPTEMBER 12, 2023

MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s Compliance and Risk Management Conference this week in Washington, D.C. MBA is also keeping an eye on a developing case before the U.S.

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Industrial Banks Finance Commercial 435

Housing Wire

MARCH 19, 2025

With over 25 years of expertise in the financial services industry, Halonens appointment underscores Longbridges continued commitment to enhance its operational frameworks as the company continues to expand, the company explained in its announcement. He previously served at other large financial services companies such as Citi and US Bank.

Banks 347

Banks Lending Mortgages Industrial 347

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.

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Development Construction Finance Investor 435

Housing Wire

FEBRUARY 18, 2025

Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. Heartland Bank is the largest provider by a vast majority.

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Banks Commercial Mortgages Industrial 293

Housing Wire

OCTOBER 16, 2024

Carol Dujanovich, senior vice president and director of reverse mortgages at University Bank , has been reappointed to a new three-year term as a member of the U.S. Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC).

Industrial 434

Industrial Banks Lending Equity 434

Housing Wire

SEPTEMBER 20, 2024

Kevin Wilzbach : Without question, the growth in the use of AI and particularly GenAI has been transformational for the banking industry. Kevin Wilzbach: While the industry awaits relief in the form of interest rate reductions, there’s no quick fix to the associated high costs of housing in the near term.

Lending 459

Lending Industrial Mortgages Technology 459

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.

Loan Officer 448

Loan Officer Banks Mortgages Industrial 448

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. Powell, however, said the weaknesses at SVB are not broadly present in the banking system. “The U.S.

Banks 435

Banks Lending Mortgages Commercial 435

Housing Wire

MAY 19, 2022

That’s the consensus forecast of a panel of non-agency industry experts who spoke at the Mortgage Bankers Association ’s (MBA’s) Secondary and Capital Markets Conference & Expo in New York City this week. . All of those products have features, maybe bank statement, asset utilization — you name it. It’s a very well-trodden path.”.

Industrial 476

Industrial Loan Officer Fixed-rate mortgage Lending 476

Housing Wire

NOVEMBER 14, 2024

In the case of FOA — the current industry leader — the earnings results were robust. While Ellington’s results were softer in comparison , company leaders remain bullish on profitability prospects for Longbridge and the wider industry. With several top 10 reverse mortgage lenders now active in some form within the U.S.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

JUNE 15, 2023

Guild Mortgage announced on Thursday the appointment of Lamont Watson as the company’s first vice president of diverse talent development. Improving talent development processes, including mentorship and career advancement opportunities, will be a key priority to attract and retain diverse talent, the company said.

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Development Loan Officer Banks Mortgages 370

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.”

Construction 488

Construction Finance Development Marketing 488

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. That role is an active one, Allen said. Naturally, this includes reverse mortgages, he explained.

Mortgages 370

Mortgages Lending Banks Industrial 370

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. That was a favorable development,” Deitch said.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 435

Banks Mortgages Technology Branding 435

Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The industry would need to see a more persistent mortgage rate decline to near 6% for a more meaningful pickup in prepayment speeds, the note said.

Industrial 448

Industrial Mortgages Loans Banks 448

Housing Wire

MARCH 14, 2022

and abroad by world and industry leaders was highlighted in the “Pandora Papers,” a trove of nearly 12 million confidential documents obtained and published by the International Consortium of Investigative Journalists. “And The use of shell companies to purchase real estate and other assets in the U.S. financial system.

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Industrial Title Commercial Banks 435

Housing Wire

SEPTEMBER 25, 2024

However, the industry is approaching this cycle with caution. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. We’ve been hiring, training and developing our people. in Q2 2024 from 1.7

Industrial 459

Industrial Mortgages Loan Officer Loans 459

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 418

Industrial Residential Mortgages Investor 418

Housing Wire

JUNE 8, 2023

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud , criminals looking for larger paydays have turned to mortgage payoffs. Can you afford to lose a million dollars?

Title 369

Title Industrial Banks Technology 369

Housing Wire

JANUARY 9, 2025

Teresa is a trusted leader in the mortgage industry, and as our first key hire, shes an exceptional addition to the Ridgeland Mortgage team, Dan Pea, executive vice president of national joint ventures for loanDepot, said in a statement. In her new role, Carlile will lead Ridgelands growth strategy and daily operations.

Mortgages 369

Mortgages Staging Banks Industrial 369

Housing Wire

FEBRUARY 21, 2025

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. This at least partially stems from well-developed forward mortgage companies diving more deeply into the reverse side of the equation.

Mortgages 349

Mortgages Branding Industrial Lending 349

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis.

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Inspection Mortgages New Construction Equity 322

Housing Wire

AUGUST 15, 2024

Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). But TCB also claims that Ginnie Mae did not specify the impact this would have on the liens that the bank had a vested interest in, its attorneys said. Attorneys for the U.S.

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Bankruptcy Banks Development Loans 468

Housing Wire

FEBRUARY 19, 2025

He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank. He then transitioned to vice president of business development and senior vice president of mortgage lending. At Rate, the veteran mortgage professional began his tenure as vice president of mortgage lending.

Loan Officer 345

Loan Officer Lending Loans Technology 345

Housing Wire

JANUARY 31, 2025

“His proven success in building strong teams and partnerships, along with his deep industry expertise, makes him the perfect fit for this role. He has also served in a variety of roles with big-name companies that include Guaranteed Rate Affinity , TIAA , Citizens Bank and JPMorgan Chase.

Loans 341

Loans Loan Officer Construction Banks 341

Housing Wire

JULY 3, 2024

Toronto-based HomeEquity Bank (HEB), Canada ’s leading reverse mortgage lender, announced that Katherine Dudtschak has assumed the role of CEO following the retirement of her predecessor, Steven Ranson. Ranson announced his retirement earlier this year, effective June 30.

Mortgages 434

Mortgages Banks Title Equity 434