Housing Wire

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. TPO is the bank’s main source of mortgages.

Banks 448

Banks Lending Equity Commercial 448

Housing Wire

OCTOBER 31, 2024

With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes. Consumers should also avoid emailing financial information, such as bank account numbers.

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Title Industrial Land Banks 476

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. California and Washington are the bank’s main markets. According to the mortgage tech platform Modex , HSBC originated about $3.5

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Loan Officer Lending Banks Loans 418

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

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 26, 2025

That’s according to the CFO Survey, a collaboration between Duke Universitys Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. The panel includes firms that range from small operations to Fortune 500 companies across all major industries. The CFO Survey was fielded from Feb. 18 to March 7.

Banks 364

Banks Commercial Industrial As-is 364

Housing Wire

APRIL 17, 2025

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023, according to the Mortgage Bankers Association (MBA)’s annual Mortgage Bankers Performance Report.

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Loans Banks Mortgages Industrial 365

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 19, 2025

Richards has a long history in leadership and executive roles in the mortgage industry. During a 10-year tenure at Bank of America , she served in multiple roles, with the last being as senior vice president of national underwriting. At the time of her hiring, she remained the CEO of LendArch. The case is still ongoing.

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Lending Industrial Bankruptcy Mortgages 221

Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage.

Earnest money deposit 397

Earnest money deposit Purchase and sale agreement Title Banks 397

Housing Wire

JANUARY 13, 2025

“Chris is an industry expert when it comes to driving revenue growth and building partnerships. The University of Florida alum also has chairman and executive leadership experience with companies like Tax Guard , Capital Bank , Ally Financial , Fifth Third Bank and Bank of America.

Banks 370

Banks Title Technology Industrial 370

Housing Wire

MAY 28, 2024

Gwin brings a wealth of experience to the role, having previously held executive positions at American Financial Network , Wachovia Bank , Wells Fargo and Accredited Home Lenders. Gwin also serves on the board of directors for LendersOne , a network of more than 400 national lenders, where he shares his extensive industry insights.

Industrial 448

Industrial Title Brokerage Branding 448

Housing Wire

APRIL 10, 2025

It is at the intersection of business, banking, and the economy. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field.

Investor 468

Investor Commercial Finance Loans 468

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

Banks 293

Banks Finance Mortgages Lending 293

Housing Wire

APRIL 1, 2025

Mr. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024. With this acquisition complete, we are better positioned than ever to deliver a broader range of loan solutions, industry-leading technology, and our hallmark YES approach to service.

Closing 394

Closing Mortgages Lending Banks 394

Housing Wire

JULY 8, 2024

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The narrative gap Mortgage banking executives are tasked with bridging a significant narrative gap. Click Here Rene Rodriguez is a best-selling author, keynote speaker, and the CEO of Volentum.

Banks 435

Banks Mortgages Industrial Technology 435

Housing Wire

APRIL 18, 2025

Implications for the mortgage industry FundingShield suggested that the heightened scrutiny points to a higher expectation of risk and a need to further confirm recourse from title insurance firms for loans sold to the GSE.

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Title Closing Commercial Loans 363

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

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

JANUARY 20, 2025

Unfortunately, industry experts are anticipating that things will only get worse in 2025 as gen AI makes committing cybercrime easier than ever. According to industry leaders, fraudsters use of AI is making the scams believable, and unfortunately for the victims, it’s working.

Title 397

Title Technology Industrial Banks 397

Housing Wire

OCTOBER 18, 2024

Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Messages left with Provident were not immediately returned on Friday.

Mortgages 524

Mortgages Marketing Lending Finance 524

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.

Lending 397

Lending Title Mortgages Banks 397

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. By serving on this committee on behalf of the reverse mortgage industry, I feel that I will be able to bring forward what issues our seniors face daily.”

Industrial 434

Industrial Banks Lending Equity 434

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

DECEMBER 19, 2024

At Compass, he founded The Apollo Group, a team that achieved national acclaim from industry observers. Caldwell also brings robust banking experience with the likes of U.S. Bank and JPMorgan Chase. The 2023 RealTrends Verified rankings listed the group as the No. 1 mega team by sales volume and units.

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Brokerage Banks Agents Sales 397

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. When asked whether they saw any potential for partnering with the American reverse mortgage industry, Cicak and Billot were enthusiastic about the idea.

Mortgages 335

Mortgages Banks Equity Development 335

Housing Wire

MAY 7, 2024

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. So, what exactly does this mean for the industry? Second, nearly 20,000 loan officers moved into the wholesale channel in 2023.

Industrial 476

Industrial Loan Officer Marketing Loans 476

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. At Movement, Rawls started as a loan officer before taking over as producing bank manager. Guaranteed Rate Affinity currently has three branches in North Carolina.

Lending 433

Lending Mortgages Loan Officer Development 433

Housing Wire

APRIL 12, 2024

That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.” And it can fundamentally change the origination and servicing processes. But the authors also stress that none of this should be expected to happen quickly.

Industrial 448

Industrial Technology Banks Mortgages 448

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

JANUARY 8, 2025

Schoep told HousingWire that Farrington has a proven track record of leadership, expansion and mortgage industry expertise. “Outside of assisting notable companies to grow and scale their operations successfully, Jett has built a strong and reputable reputation within the mortgage industry, especially within the non-QM space.

Mortgages 397

Mortgages Loans Industrial Banks 397

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.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s That way, credit unions, banks and other lenders [can use it] to help them get off to a good start.” Cabe has some industry partnerships for the software already in place. That seems to be the general feeling.

Development 459

Development Industrial Mortgages Loans 459

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

FEBRUARY 28, 2025

This week on Power House , Diego Sanchez chats with Jay Plum, EVP of Consumer Lending at Fifth Third Bank. So, all told, we have a variety of ways to get in touch with our customers and collect more for the bank. Plum: We’re the tenth-largest bank servicer in the country. Plum: We weren’t excited about it.

Lending 293

Lending Banks Mortgages Industrial 293

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

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