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.” There are many policy levers that must be pulled to get there,” the report reads. “A

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Construction Finance Development Marketing 488

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

NOVEMBER 7, 2023

In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market.

Banks 476

Banks Mortgages Marketing Lending 476

Housing Wire

JANUARY 8, 2025

The settlement, announced Wednesday by the Conference of State Bank Supervisors , involves 53 state financial regulatory agencies. mortgage servicer as of September 2024, with an owned portfolio of $728 billion, per Inside Mortgage Finance. Lakeview was the third-largest U.S.

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Staging Loans Mortgages Banks 418

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

MARCH 7, 2024

Powell acknowledged the mounting opposition to Basel III from the banking sector, assuring lawmakers of forthcoming broad revisions to the regulatory framework that is aimed at recalibrating risk assessment methodologies and capital reserves. banks to earmark billions more in capital reserves.

Banks 448

Banks Lending Residential Staging 448

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

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. John Rose (R-TN)’s effort to curb trigger leads, he said.

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Industrial Banks Finance Commercial 435

Housing Wire

MARCH 31, 2025

Prior to embarking on his forays into the reverse mortgage industry, Wagner served as chief operating officer for San Diego Financial Corporation , at the time the largest bank holding company in that city. Bob Sivori, reverse mortgage industry veteran of several major lenders and servicers, joined Ibis board of directors last year.

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Due diligence Mortgages Development Banks 293

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here before the January 27th deadline!

Finance 435

Finance Brokerage Banks Closing 435

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. This insurance protects lenders against losses.

Industrial 476

Industrial Fixed-rate mortgage Banks Loans 476

Housing Wire

MARCH 22, 2023

The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. billion in fully funded cash proceeds from the global investment firm Atlas SP Partners through a new senior asset-backed financing facility.

Banks 418

Banks Commercial Loans Investor 418

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. In the case of FOA — the current industry leader — the earnings results were robust.

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Investor Mortgages Bankruptcy Equity 370

Housing Wire

DECEMBER 4, 2024

Connie Lindsay “Having cultivated a deep understanding of the mortgage industry over her years in the business, Connie brings a wealth of expertise and a proven track record of success,” Kamien said in a statement. “I am excited to join Rate at such a pivotal time for the mortgage industry,” Lindsay said.

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Lending Mortgages Loan Officer Loans 397

Housing Wire

JANUARY 5, 2024

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey brings more than two decades of financial industry experience to the position. A total of five additional senior account executives joined Dickey. market share in the TPO space.

Banks 448

Banks Mortgages Finance Sales 448

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

JANUARY 3, 2023

With nearly 40 years of experience in the real estate finance industry, Lowrie is widely known for making history in 2005 as the first female elected chair of the MBA. Her tenacity, resilience, and fierce advocacy for our industry will long be remembered by all those fortunate enough to have interacted with her.

Industrial 482

Industrial Mortgages Banks Residential 482

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.

Banks 293

Banks Commercial Mortgages Industrial 293

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. 1, 2026.

Banks 307

Banks Lending Loans Finance 307

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The increased awareness around these benefits have positioned brokers to be the obvious choice when it comes to consumer mortgage needs, keeping them competitive with large banks and retail lenders.

Industrial 476

Industrial Loan Officer Marketing Loans 476

Housing Wire

NOVEMBER 21, 2024

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. Meanwhile, nearly two-thirds of smartphone users use an app to manage their finances.

Property Management 370

Property Management Technology Banks Construction 370

Housing Wire

FEBRUARY 6, 2025

The importance preparing yourself with non-QM options The mortgage industry is fickle. Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Luck and success favor the prepared and that fact remains in the mortgage industry. These loans go up to $2.5

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Loans Mortgages Equity Construction 343

Housing Wire

JANUARY 17, 2025

A&Ds goal is to be an industry leader, and this transaction is a big step forward. Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. Mr. Cooper did not immediately respond to HousingWire’s request for comment. It originated $2.37 year over year.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

APRIL 4, 2023

But for potential homebuyers to benefit from new technology, the industry must figure out a way to keep bias out of decision-making models, experts said Monday. That’s something that will have to be overcome before we have wholesale adoption and use across the industry,” Stucky explained.

Industrial 435

Industrial Technology Banks Finance 435

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 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 453

Industrial Banks Residential Lending 453

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 370

Banks Mortgages Commercial Lending 370

Housing Wire

APRIL 1, 2024

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

OCTOBER 12, 2023

Amid soaring mortgage rates, housing trade groups — including the Mortgage Bankers Association (MBA), NAR and National Association of Home Builders (NAHB) – have asked the central bank to provide market certainty regarding its rate path.

Fixed-rate mortgage 542

Fixed-rate mortgage Mortgages Industrial Lending 542

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We It’s the first time that we’re now sharing free cash flow targets.

Banks 448

Banks Mortgages Loans Investor 448

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

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. As the hiring landscape in the mortgage industry evolves, so does compensation packages.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

Housing Wire

AUGUST 15, 2024

Toronto-based Bank of Nova Scotia , which operates as Scotiabank , has hired a group of JPMorgan Chase Bank executives to lead a new mortgage capital markets business that expects to launch this fall. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic. The bank was followed by Flagstar Bancorp (11.5%

Mortgages 448

Mortgages Banks Finance Lending 448

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Hagen believes that rates below 6.25% would be supportive of the market.

As-is 482

As-is Industrial Mortgages Loans 482

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. But that has required leadership, and the leadership at MBA, I think, should be complimented for taking a fresh look at the product, the industry and the program.

Mortgages 349

Mortgages Branding Industrial Lending 349

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. billion in the past 12 months.

Loans 341

Loans Loan Officer Construction Banks 341

Housing Wire

FEBRUARY 19, 2025

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate.

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Loan Officer Lending Loans Technology 345