Housing Wire

MARCH 25, 2021

They currently represent the largest home-buying segment at 72 million people, are digital natives and tend to distrust large banks. The post Digital mortgage startup Maxwell lands $16M in Series B appeared first on HousingWire.

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Land Mortgages Lending Loans 448

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The bank eliminated 72 mortgage jobs in Iowa across earlier layoffs.

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Banks Loan Officer Loans Lending 370

Housing Wire

JANUARY 15, 2025

Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.

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Housing Wire

JANUARY 28, 2025

. … 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. I think [about] five years ago, banks were still extremely active in the sector.

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Residential Lending Finance Banks 364

Housing Wire

MARCH 4, 2025

Since mid-February, over 80 listings for burned lots in Pacific Palisades and Altadena have appeared on the market following the devastating Los Angeles wildfires that took place in January, with land parcels fetching prices exceeding initial expectations. Anecdotally, I have heard that lots are selling quickly at the premium, she said.

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Land Development Closing Banks 246

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.

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Banks Commercial Mortgages Industrial 261

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.

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Land Investor Finance Development 98

Housing Wire

FEBRUARY 3, 2025

Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc.

Mortgages 417

Mortgages Title Lending Loans 417

Housing Wire

APRIL 18, 2024

Mortgage payoff fraud occurs when a title company mistakenly sends payoff funds to a fraudulent bank account after receiving wire instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters. said in a statement.

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Title Land Mortgages Banks 493

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 ).

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Mortgages Banks Land Lending 435

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. I’ve concentrated on banking ever since I really got in this industry.”

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Mortgages Banks Land Equity 435

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 for the year from $44 billion in 2022.

Mortgages 475

Mortgages Banks Lending Loans 475

Housing Wire

SEPTEMBER 26, 2023

They restrict the government-sponsored enterprises (GSEs) and banks from dealing in loans encumbered by PTFCs or related securities, “and prohibits the banks from accepting such mortgages or securities as collateral for advances, unless such PTFCs are ‘excepted transfer fee covenants,’” the entry explained.

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Equity Mortgages Banks Loans 448

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.

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Mortgages Banks Lending Land 397

Housing Wire

APRIL 24, 2023

In addition to the lower mortgage rate forecast issued after the March banking turmoil, Fannie Mae’s Economic and Strategic Research (ESR) Group has upgraded its existing home sales outlook for the remainder of the year. This includes deposits at small banks, which were roughly flat — and even rose somewhat over the past two weeks.

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Sales Banks Construction Lending 397

Housing Wire

APRIL 10, 2024

By activating the Financial Fraud Kill Chain, which is a process to freeze the fraudulent recipient’s financial bank account, on 3,008 incidents, the Internet Crime Complaint Center’ s Recovery Asset Team was able to help protect $758 million in potential losses.

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Title Land Banks Industrial 459

Housing Wire

OCTOBER 2, 2024

Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking. Mullen explains that Pretium wants to leave the banking system behind in favor of private credit. “I

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Lending Banks Loans Residential 459

Housing Wire

FEBRUARY 27, 2024

The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. might avoid a recession in 2024, or at least experience a soft landing. These delinquent loans are an extremely small portion of the banks’ portfolios.

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Banks Loans Land Commercial 459

Housing Wire

OCTOBER 9, 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. The central bank currently holds about $2.6 The bulk of central bank officials expect to have interest rates finishing the year at around 5.6%.

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Marketing Banks Mortgages Land 476

Housing Wire

JANUARY 4, 2024

RentSpree offers rental software solutions such as tenant screening, online applications, document automation, e-signatures, denial and approval communications as well as property landing pages. So did non-bank mortgage lender and servicer Mr. Cooper , as well as data host for property listing information Rapattoni.

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Title Land Banks Industrial 481

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. In a 15-page letter sent to CFPB Director Rohit Chopra on Aug.

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Title Mortgages Land Closing costs 468

Housing Wire

OCTOBER 7, 2024

In addition to MBA, the organizational roster includes the American Land Title Association (ALTA), DHI Mortgage , Fannie Mae , Fifth Third Bank , Freddie Mac , Lennar Mortgage , the National Association of Realtors (NAR), Navy Federal Credit Union , Pulte Financial Services , Taylor Morrison Home Funding , U.S.

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Title Land Lending Mortgages 435

Housing Wire

NOVEMBER 21, 2022

According to FinCEN’s advanced notice of proposed rulemaking (ANPRM), these requirements looked at establishing more widespread recordkeeping and reporting mandates, as authorized under the Bank Secrecy Act, for individuals involved in all-cash real estate transactions in both the residential and commercial real estate sectors.

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Title Land Banks Commercial 418

Housing Wire

MAY 26, 2023

“You hear about people getting duped by people pretending to be title companies or Realtors and directing parties within the transaction,” said David Kennedy, the CEO of Fidelity Land Title Agency of Cincinnati. In addition to the frequent comings and goings of Florida property owners, the state also sees quite a few land sales every year.

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Title Land Due diligence Sales 397

Housing Wire

JULY 14, 2022

That’s significantly less than the average sales price of a new manufactured home without land, transportation, or set-up costs of $108,100 in 2021, according to researchers at the Urban Institute. But not all manufactured homes titled as personal property are titled separately because the borrower rents the land underneath.

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Land Title Finance Renovation 397

Housing Wire

SEPTEMBER 30, 2023

The Fed has not helped its own cause here, as Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago , said in a speech last week : “I’m still trying to process why long-end interest rates are increasing.” Land the plane, folks, land the plane!

Mortgages 521

Mortgages Land Staging As-is 521

Housing Wire

APRIL 5, 2022

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. Its boundaries can be shown on a land survey and ownership is vetted through a physical deed in the jurisdiction, where the physical real estate is located. Defining virtual real estate.

Mortgages 532

Mortgages Lending Land Loans 532

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 397

Mortgages Technology Banks Lending 397

Housing Wire

APRIL 15, 2024

Lombardo cited data from the Federal Reserve Bank of St. “Nevadans need more accessible housing, but the rising costs of materials and labor and high interest rates are creating a barrier for Nevadans to achieve their dream of owning a home.” Today, that same median home would be $2,808.00

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FHA loan Land Principal Development 459

Housing Wire

JULY 14, 2023

The Maine state agencies filed the lawsuit, Franklin Savings Bank v. Bordick , under the federal Truth in Lending Act (TILA) on behalf of a couple that took out a mortgage in 2008 in order to purchase land for the construction of a new home.

Mortgages 369

Mortgages Commercial Banks Loans 369

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

SEPTEMBER 7, 2022

bank and available to U.S. In the long term, we plan to acquire land or residential properties in Dallas as well as other cities and states in the U.S. LRE recorded a total of 102 land-transaction deliveries for luxury single-family home developments in fiscal 2021 and delivered a total of 50 single-family homes and seven condos.

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Development Land Residential Construction 397

Housing Wire

AUGUST 14, 2020

The most critical issue for smaller independent mortgage bankers (IMBs) and smaller banks alike is G Fee parity. An important factor in the GSEs’ landing in conservatorship was preferential pricing for the largest – and riskiest – mortgage loan originators, such as Countrywide and WAMU. Scott Olson Guest Author.

Mortgages 447

Mortgages Banks Loans Development 447

Housing Wire

JANUARY 4, 2024

If passed, House Bill 809 and its companion Senate Bill 1070 would bar insurance carriers from placing a coverage limit on a home that would include the value of the land the house sits on, and it would require insurance companies to offer policies that cover only the unpaid principal on a mortgage.

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Principal Mortgages Land Loans 526

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.

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Land Construction Development Finance 370

Housing Wire

MARCH 12, 2024

Will the economy achieve a soft landing? During his semiannual monetary policy testimony last week, the Federal Reserve Chair Jerome Powell reiterated that the central bank won’t be applying any cuts to benchmark interest rates until it’s sure that inflation is under control. Shelter posted a 5.7%

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Land Banks Mortgages Loans 479

Housing Wire

NOVEMBER 28, 2023

These loans would normally end at the jumbo market , which is dominated by banks. Amid fierce competition in a shrinking mortgage market , companies are pressured to launch new initiatives to attract wholesale brokers and land more purchase business.

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Loans Finance Mortgages Land 534