Housing Wire

JANUARY 31, 2025

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. “His proven success in building strong teams and partnerships, along with his deep industry expertise, makes him the perfect fit for this role. .

Loans 341

Loans Loan Officer Construction Banks 341

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

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

Mortgages 524

Mortgages Marketing Lending Finance 524

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. The interest rate on the loan has been lowered from 9.99% to 9.49%. The interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 434

Mortgages Equity Loan Officer Loans 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

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. But her relationship with loanDepot ended in acrimony after she left in 2021.

Lending 221

Lending Industrial Bankruptcy Mortgages 221

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

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The bank was followed by Flagstar, with $11.8 billion; 5.7%).

Loans 468

Loans Mortgages Due diligence Banks 468

Housing Wire

JANUARY 8, 2025

billion in loans in 2024, according to an Instagram post on the company’s website. Schoep told HousingWire that Farrington has a proven track record of leadership, expansion and mortgage industry expertise. He most recently served as head of mortgage operations at Quontic , a digital bank based in New York.

Mortgages 397

Mortgages Loans Industrial Banks 397

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.

Lending 433

Lending Mortgages Loan Officer Development 433

Housing Wire

JANUARY 8, 2025

The settlement, announced Wednesday by the Conference of State Bank Supervisors , involves 53 state financial regulatory agencies. It includes Bayview and three of its affiliates, Lakeview Loan Servicing , Community Loan Servicing and Pingora Holdings. million customers. Lakeview was the third-largest U.S.

Staging 418

Staging Loans Mortgages Banks 418

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.

Due diligence 293

Due diligence Mortgages Development Banks 293

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

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.

Lending 397

Lending Mortgages Loan Officer Loans 397

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

OCTOBER 4, 2023

Indiana-based First Savings Bank plans to lay off over 100 mortgage employees in the coming months, according to documents filed with authorities in multiple states. Executives at First Savings Bank did not immediately respond to HousingWire’s requests for comments. The bank reported a net income of $2.3

Banks 468

Banks Mortgages Lending Loan Officer 468

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

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. Nearly 90% of VA-backed loans are made with no down payment.

Industrial 476

Industrial Fixed-rate mortgage Banks Loans 476

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 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. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. University Bank has been around for 130-plus years,” he said.

Banks 468

Banks Mortgages Lending Loan Officer 468

Housing Wire

JULY 1, 2024

Second mortgage loans are specifically authorized in Freddie Mac ’s charter [Section 305(a)(4) – 12 USC 1454(a)(4)]. As a result, cash-out refinances don’t make sense for homeowners with lower coupon loans due to what many have deemed the “lock-in effect.” billion in loans. Let’s be clear.

Loans 448

Loans Mortgages Banks Lending 448

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers.

Mortgages 417

Mortgages Title Lending Loans 417

Housing Wire

MARCH 15, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to the Mortgage Bankers Association (MBA). Loan production expenses averaged around $7,389 per loan.

Loans 468

Loans Banks Mortgages Sales 468

Housing Wire

NOVEMBER 15, 2024

Chrissi was a pioneer in the industry, co-founding MIG in the late 1980s and leading the company until just a few months ago,” MBA president and CEO Bob Broeksmit said in a statement. One of her contributions to the industry was being a “driving force” behind MBA’s efforts to ban abusive mortgage trigger leads , Broeksmit said.

Investor 370

Investor Mortgages Loan Officer Lending 370

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. There is also a requirement that a client must seek independent legal advice before taking out a loan. Department of Housing and Urban Development (HUD).

Mortgages 335

Mortgages Banks Equity Development 335

Housing Wire

MAY 23, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, according to the Mortgage Bankers Association ’s (MBA) newest quarterly performance report.

Loans 476

Loans Mortgages Banks Industrial 476

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

JANUARY 20, 2025

of loans processed in Q4 2024 had issues that lead to wire fraud risks. Unfortunately, industry experts are anticipating that things will only get worse in 2025 as gen AI makes committing cybercrime easier than ever. Consider these stats: FundingShield reported that 45.5%

Title 397

Title Technology Industrial Banks 397

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. We’re seeing a downward trend in total [loans] repurchased [on a dollar basis], and that’s true for both Fannie and Freddie,” Ludden said. “I

Loans 448

Loans Due diligence Investor Technology 448

Housing Wire

MAY 7, 2024

Government data from HMDA shows borrowers are saving, on average, over $9,400 over the life of a loan. 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

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We AscentDS product offerings will include short-term loans to acquire, renovate or build single-family and multifamily properties, as well as post-completion bridge financing. now known as Rithm Capital. “In

Construction 459

Construction Development Loans Lending 459

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

FEBRUARY 1, 2024

United Bank will consolidate its mortgage subsidiaries into one unified mortgage business amid the housing industry struggles with elevated interest rates. United Bank has been delivering mortgage services through three channels, including two mortgage subsidiaries — Crescent Mortgage Co. million, down from $38.1

Banks 434

Banks Mortgages Closing Industrial 434

Housing Wire

MARCH 3, 2024

A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade. Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

Loans 514

Loans Debt-to-income ratio Lending Banks 514

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

JULY 15, 2024

Loan originators in today’s mortgage market have weathered significant challenges. For loan originators , managing the narrative is crucial. Stay updated with the latest market trends, rate movements, and industry news. Register now for AMPCON and be part of the conversation that’s shaping the future of mortgage banking.

Loan Officer 434

Loan Officer Loans Banks Mortgages 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