Housing Wire

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Hoffman has spent more than 30 years in mortgage banking, 22 of them at Flagstar, where he started as an account executive. According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 lender in the space.

Banks 448

Banks Lending Equity Commercial 448

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. Western Alliance Bank transformed this model over a decade ago.

Banks 434

Banks Lending Finance Mortgages 434

Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Would you say that the majority of these are smaller investors?

Residential 364

Residential Lending Finance Banks 364

Housing Wire

JANUARY 14, 2025

Its an ominous start to 2025 after many housing market experts predicted that mortgage rates would drop by a full percentage point or more by the end of the year. Given a resilient labor market, we now think the Fed cutting cycle is over, Bank of America analysts wrote. This is also the highest rate since June 2024. in November.

Mortgages 418

Mortgages Banks Loans As-is 418

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

Finance 448

Finance Residential Investor Lending 448

Housing Wire

NOVEMBER 15, 2023

Providence, Rhode Island-based Citizens Bank , the 28th largest U.S. Citizens was among the few large depository banks operating in retail, wholesale and correspondent in the mortgage space. However, shrinking mortgage volume caused by high mortgage rates and fiercer competition have challenged the bank’s strategy.

Banks 468

Banks Mortgages Finance Brokerage 468

Housing Wire

APRIL 18, 2025

These requirements signal rising market risks, driven in part by growing concerns over cybersecurity and data integrity, the report said. The company characterized its transaction-level review which includes license verification, coverage validation and bank data checks as a market standard to manage such risks.

Title 363

Title Closing Commercial Loans 363

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 297

Lending Equity Banks Construction 297

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. George aims to assist Greenwoods in expanding the bank’s footprint and market share in Wisconsin and throughout the Midwest.

Banks 468

Banks Equity Mortgages Loans 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

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

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. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. In the mortgage space, TD Bank was a top-35 U.S. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates.

Banks 447

Banks Lending Loans Finance 447

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

FEBRUARY 11, 2025

Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. The FHLBanks impact on the financial system cannot be overstated.

Lending 394

Lending Development Banks Loans 394

Housing Wire

NOVEMBER 14, 2024

mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer. He left in June.

Mortgages 370

Mortgages Loan Officer Loans Banks 370

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. Pennymac TPO is the country’s second largest third-party originator trailing United Wholesale Mortgage (UWM), per Inside Mortgage Finance estimates. market share in the TPO space.

Banks 448

Banks Mortgages Finance Sales 448

Housing Wire

JANUARY 19, 2024

Tennessee-based community bank Patriot Bank agreed to pay $1.9 Over the same six-year period, other banks received nearly 3.5 Patriot Bank denied any allegations of redlining. million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices.

Banks 482

Banks Loan Officer Lending Loans 482

Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. Buyers surveyed by the company at that time said that higher acquisition costs, higher rehabilitation costs and unfavorable mortgage rates were the key factors keeping them out of the market.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

Loans 341

Loans Mortgages Equity Construction 341

Housing Wire

JULY 11, 2024

A magistrate judge overseeing requests in a case against Ginnie Mae brought by Texas Capital Bank (TCB) has granted each side’s respective requests for an extension — one for a partial summary judgment for TCB, and the other for a change in venue by attorneys for the U.S. government.

Banks 433

Banks Bankruptcy Mortgages Lending 433

Housing Wire

APRIL 24, 2025

Ravi Jani Ravi brings a unique combination of strategic finance expertise and an investors perspective at a pivotal moment in Reals trajectory, said Tamir Poleg , chairman and CEO of Real. His financial acumen, market insight, and collaborative approach have already made a meaningful impact on our organization.

Brokerage 317

Brokerage Investor Banks Finance 317

Housing Wire

APRIL 1, 2024

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 The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. billion have been completed.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

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. Gen Z renters in particular expect digital-first experiences, and have emerged as a powerful consumer base within the rental market. Census Bureau.

Property Management 370

Property Management Technology Banks Construction 370

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We are excited to expand our impact and better serve our target market borrowers.” Change is a community development financial institution (CDFI) that is certified by the U.S.

Lending 448

Lending Banks Loans Renovation 448

Housing Wire

FEBRUARY 10, 2025

Karl Benjamin, the company’s executive vice president of wholesale, highlighted the new products as solutions for leveling the mortgage market playing field. Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products.

Loans 341

Loans Finance Investor Mortgages 341

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. For many investors, given the current state of volumes, it remains a niche market that doesn’t demand much attention.”

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. Ally is considering expanding the program to more markets in the future. “By

Banks 459

Banks Closing costs Lending Equity 459

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. But its also a growing market , the pair added. Occasionally, U.S.-based

Banks 281

Banks Commercial Mortgages Industrial 281

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 30 to $4.20

Mortgages 468

Mortgages Banks Marketing Commercial 468

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. In addition, the bank discouraged these customers from obtaining home loans, according to the complaint.

Banks 435

Banks Lending Loan Officer Loans 435

Housing Wire

DECEMBER 4, 2024

She joins the company’s leadership team to further its presence and performance in the Washington market. Rate executive Rich Kamien praised Lindsay for delivering consistently in an unpredictable market. “She has steadily demonstrated her ability to deliver consistent rates even in the most volatile market conditions.

Lending 397

Lending Mortgages Loan Officer Loans 397

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

MARCH 6, 2025

The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. We believe our agent attraction pipeline is strong, and we are confident in continuing this momentum into 2025 regardless of broader market conditions.

Brokerage 370

Brokerage Agents Loan Officer Technology 370

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. SK: Construction lending is extremely complex, and in which banks have traditionally been the dominant players.

Marketing 476

Marketing Construction Investor Finance 476