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 219

Banks Commercial Mortgages Industrial 219

Housing Wire

AUGUST 4, 2021

Depository bank Citi continues to round out its mortgage executive team under the stewardship of Brad Wayman. Louis-headquartered lending operation following a long career at Wells Fargo , the top depository bank by mortgage origination volume in the U.S. The bank funded $33.94 Bank and Sulur at USAA ).

Mortgages 434

Mortgages Banks Land Lending 434

Housing Wire

FEBRUARY 15, 2024

To get the lay of the land, RMD spoke to front-line reverse mortgage originators Jim Cullen in Green Bay, Wisconsin; David Heilman in Mount Pleasant, South Carolina; and Bruce Simmons in Denver. So, preserving other assets by utilizing home equity is the other big thing.” Because that’s the biggest fear people have.

Mortgages 429

Mortgages Banks Land Equity 429

Housing Wire

JUNE 1, 2022

The executive brings more than 40 years of accounting experience in the financial services, banking and mortgage industries. Before landing at Waterstone Mortgage, Garrigues served as a chief financial officer at Solarity Credit Union for three years.

Mortgages 393

Mortgages Banks Lending Land 393

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. The data shows that the bank produced $25.3 One push was made by acquiring the jumbo leader First Republic Bank after federal regulators seized it. billion in the home equity space from $9.6

Mortgages 466

Mortgages Banks Lending Loans 466

Housing Wire

OCTOBER 2, 2024

billion of equity as part of a $3 billion-plus investment to help homebuilders grow inventory, which he describes as an attractive partnership Homebuilder and development lending is a growing part of Pretium’s ecosystem for build-to-rent properties. Burns segues the conversation to explore other areas that Pretium is interested in entering.

Lending 459

Lending Banks Loans Residential 459

The Close

NOVEMBER 12, 2024

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. It helps to be in the know.

Land 98

Land Investor Finance Development 98

Housing Wire

FEBRUARY 22, 2023

It landed a $32 million Series C funding round in 2021, which was led by Ten Coves Capital , with returning investors Cota Capital, Mouro Capital , Colchis Capital , Point72 Ventures, and JPMorgan Chase. .” Roostify , led by co-founder and CEO Rajesh Bhat, has raised $65 million in venture capital, according to figures from Crunchbase.

Mortgages 394

Mortgages Technology Banks Lending 394

Housing Wire

JULY 31, 2023

Cagney expects to land a $2.5 Founded in 2018 by Cagney, the former head of SoFi , Figure uses proprietary platform Provenance Blockchain for loan origination, equity management, private fund services, banking and payments. billion public valuation for LendCo when it goes public.

Lending 360

Lending Equity Banks Loans 360

Housing Wire

JUNE 28, 2024

The purpose of the committee is to provide nonbinding advice to the agency on how Fannie Mae , Freddie Mac and the Federal Home Loan Banks can achieve their goals as a “reliable and responsible source of liquidity and funding“ across the single-family and multifamily housing sectors.

Lending 414

Lending Principal Finance Land 414

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. ” Traditional banks have proximity to borrowers due to a preponderance of local branches across the country.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

Lending 369

Lending Technology Loan Officer Equity 369

Housing Wire

NOVEMBER 15, 2021

Kennedy landed a job at American Savings Bank , later acquired by Washington Mutual , and he helmed the company’s fledging Alternative Valuation Business Unit. For nearly a decade Lee Kennedy commandeered nuclear submarines for the U.S. By the late 1990s, Kennedy said, data storage and computing power was growing cheaper.

Lending 448

Lending Land Equity Banks 448

Housing Wire

OCTOBER 16, 2023

We urge the Fed to take these simple steps to ensure that this sector does not precipitate the hard landing the Fed has tried so hard to avoid,” the letter read. ” He said that the proposed new capital increases for banks “are a dagger aimed at the heart of the housing market.” Not just mortgages, but servicing.

Banks 446

Banks Fixed-rate mortgage Lending Mortgages 446

Housing Wire

JULY 18, 2022

Bank, Citi and Bank of America looking to expand the ranks of LOs. WesBanco Bank , the second-largest bank headquartered in West Virginia, plans to hire at about a dozen loan originators in 20 major markets this year. Founded in 1870, the bank has about 65 LOs. PNC Bank is hiring LOs in the New York City region. *

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

DECEMBER 30, 2022

Even then, investors shouldn’t be waiting for a surge of bank-owned properties to come to market. About 93% of borrowers in foreclosure have positive equity, giving them the opportunity to execute a soft landing by selling their house before losing it to a foreclosure auction.

Investor 508

Investor Land Equity Residential 508

Housing Wire

AUGUST 3, 2023

Those include material shortages (such as a current lack of electrical transformers and the volatility of wood pricing) as well as shortages of skilled labor , zoning restrictions and available land. Dietz explained that lumber/materials, labor, land and financing are all “limiting factors” on the supply of homes in the country.

Land 370

Land Construction Development Finance 370

Housing Wire

OCTOBER 17, 2023

Pre-foreclosure momentum “If you’re experiencing long-term financial hardship and cannot afford your monthly mortgage payments, selling your home may be the best option,” explains a US Bank video that walks this thin line. Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.”

MLS 434

MLS Short sale Equity Banks 434

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well.

Mortgages 468

Mortgages Banks Loans Industrial 468

Housing Wire

MARCH 9, 2023

The economist added that sellers who are also buyers can leverage their record-high equity, even if they have to adjust their expectations to lower asking prices. Mortgage News Daily showed the 30-year conventional at 7.05% as of Thursday afternoon.

Mortgages 397

Mortgages Fixed-rate mortgage Land Loans 397

Housing Wire

OCTOBER 28, 2022

Speakers: Carrie Gusmus, President, CEO, Aslan Home Lending AJ Barkley, head of Neighborhood and Community, Lending Bank of America Charmaine Brown, Vice President of Diversity, Equity, and Inclusion, Finance of America Companies Courtney Graham, Chief Marketing Officer and Chief People Officer, Princeton Mortgage.

Title 433

Title Lending Finance Development 433

Housing Wire

JANUARY 9, 2023

“The softer for-sale housing market, particularly for new homes, is expected to allow single-family rental operators to acquire blocks of new homes, finished lots and larger land parcels from homebuilders,” Northmarq’s market report adds. 1, 2022, according to a CoStar News report.

Marketing 545

Marketing Construction Development Investor 545

Housing Wire

MAY 9, 2022

Breaking that threshhold would mean we are in unhealthy home-price growth land. One of the reasons homeowners can’t sell their homes at a 50%-80% discount so freely is because the bank won’t allow them to if the home value goes below the house’s debt. The homeowner would have negotiated with the lender on this.

Short sale 532

Short sale Mortgages Equity Sales 532

The Close

NOVEMBER 26, 2024

Lenders prefer to see fully stabilized properties when you’re looking for home equity loans or lines of credit. When considering multiple rental properties, prioritize positive cash flow over equity and appreciation since those can change significantly. Shop around, as some may have lower starting rates.

Finance 98

Finance Equity MLS Loans 98

Housing Wire

JUNE 23, 2021

In fact, equity gained through homeownership is a primary means for Americans to accumulate wealth—especially for Black households, according to the Urban Institute. Municipal regulations, such as zoning restrictions, costly permitting and minimum lot sizes, must be reformed to expand developable land and reduce timelines and costs.

Marketing 448

Marketing Construction Industrial Mortgages 448

Housing Wire

JANUARY 13, 2021

As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. Helping facilitate a “soft landing”. The industry will need to come up with ways to help these consumers experience a “soft landing.”

Mortgages 486

Mortgages Investor Loans Technology 486

Housing Wire

FEBRUARY 3, 2025

In 2011, the owner obtained a reverse mortgage on the property from Bank of America , where the bank paid off the original mortgage before the loan was ultimately sold, landing in the hands of Reverse Mortgage Funding (RMF). In 2005, the client purchased a home in the Foxfield at Naamans Creek community in Garnet Valley, Penn.

Mortgages 252

Mortgages Banks Loans Lending 252

Housing Wire

FEBRUARY 21, 2024

Hall joined Axis’ first program in 2021, learned the ropes and landed a paid internship at EscrowTab , a software company, where she now handles sales support. MBA entry-level initiative In a parallel effort, the Mortgage Bankers Association (MBA) introduced “Mortgage Banking Bound” in 2023. Additionally, 68.8% were people of color.

Mortgages 419

Mortgages Title Marketing Lending 419

HomeLight

DECEMBER 11, 2024

As youre getting familiar with the lay of the land eyeballing homes that seem to meet your criteria and fit your budget , daring to let yourself feel excited about the possibilities maybe you stumble upon a listing marked as a preforeclosure. The seller can then typically walk away from the closing table without owing anything further.

Short sale 97

Short sale Banks Sales Land 97

Realty Biz

FEBRUARY 19, 2024

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 128

Land Due diligence Title search Finance 128

The Close

NOVEMBER 7, 2024

Conventional loans: These can be obtained from a credit union or a bank. Home equity line of credit (HELOC): If you already own a property with significant equity, you can use a line of credit against that equity to fund your real estate investments. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan 98

Hard money loan Purchase and sale agreement Investor Due diligence 98

Realty Biz

FEBRUARY 24, 2021

Finding that location and buying land to build a house is the first step in fulfilling this dream. . The loan you use for buying land to build a house on is very different than the traditional home mortgage loan. The loan you use for buying land to build a house on is very different than the traditional home mortgage loan.

Land 122

Land Loans MLS Finance 122

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). As an entrepreneur, I get extremely vested when I see our industry friends and innovators land exceptional outcomes. Hey Clayton …” and a link.

Technology 392

Technology Brokerage Lending Mortgages 392

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. Chris Gallo: We did see a lot of that with just equity in homes going up.

Loan Officer 434

Loan Officer Loans Equity Mortgages 434

HomeLight

JUNE 19, 2023

It’s a plot of land. It makes you wonder: what’s the process for buying land with cash? Get Started Step 1: Find the land for sale You won’t always be lucky enough to drive past a plot of land that’s the perfect investment opportunity for you. There are real estate agents who specialize in land plots.

Land 111

Land Proof of funds Purchase and sale agreement Title 111

Inman

JULY 17, 2024

Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures.

Land 166

Land Equity Banks Loans 166

Housing Wire

AUGUST 23, 2023

The business combination closing, announced Wednesday, unlocks approximately $565 million of fresh capital, including a $528 million convertible note previously committed from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital). We had Ally Bank and American Express.

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370