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.

Banks 370

Banks Loan Officer Loans Lending 370

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 billion in home loans, representing only 23% of the $108 billion volume in the previous year, when it was still the kingfish in correspondent lending.

Mortgages 466

Mortgages Banks Lending Loans 466

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 ).

Mortgages 434

Mortgages Banks Land Lending 434

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. Lending is lending.

Mortgages 532

Mortgages Lending Land Loans 532

Housing Wire

OCTOBER 2, 2024

billion of equity as part of a $3 billion-plus investment to help homebuilders grow inventory, which he describes as an attractive partnership Homebuilder and development lending is a growing part of Pretium’s ecosystem for build-to-rent properties. Mullen shares that the company raised $1.5

Lending 459

Lending Banks Loans Residential 459

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. It just has not gone well.”.

Mortgages 526

Mortgages Marketing Lending Loans 526

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.

Mortgages 393

Mortgages Banks Lending Land 393

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

Lending 369

Lending Technology Loan Officer Equity 369

Housing Wire

JUNE 28, 2024

The purpose of the committee is to provide nonbinding advice to the agency on how Fannie Mae , Freddie Mac and the Federal Home Loan Banks can achieve their goals as a “reliable and responsible source of liquidity and funding“ across the single-family and multifamily housing sectors.

Lending 414

Lending Principal Finance Land 414

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.

Title 428

Title Land Lending Mortgages 428

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.

Sales 397

Sales Banks Construction Lending 397

Housing Wire

FEBRUARY 27, 2024

In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods. might avoid a recession in 2024, or at least experience a soft landing.

Banks 459

Banks Loans Land Commercial 459

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 Cagney expects to land a $2.5 In the first half of the year, the company posted $83.5

Lending 360

Lending Equity Banks Loans 360

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 394

Mortgages Technology Banks Lending 394

Housing Wire

OCTOBER 16, 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. ” He said that the proposed new capital increases for banks “are a dagger aimed at the heart of the housing market.” Not just mortgages, but servicing.

Banks 446

Banks Fixed-rate mortgage Lending Mortgages 446

Housing Wire

APRIL 5, 2024

As ever, redlining — the intentional, systematic effort by American banks and government to refuse mortgages to African Americans and segregate U.S. racial, religious, or gender minority) at a greater rate, that policy may constitute lending discrimination. cities — looms in the background. But the results tell a different story.

Mortgages 432

Mortgages Lending Banks Loans 432

Housing Wire

OCTOBER 11, 2022

The firm has more than 300 lenders, including brokers, independent mortgage companies, credit unions and banks using its services, according to Mortgage Coach. Founded in 1999, Insellerate’s mobile application enables loan officers to work on their files from anywhere, the firm said.

Mortgages 417

Mortgages Loan Officer Loans MLS 417

Housing Wire

OCTOBER 28, 2022

Speakers: Carrie Gusmus, President, CEO, Aslan Home Lending AJ Barkley, head of Neighborhood and Community, Lending Bank of America Charmaine Brown, Vice President of Diversity, Equity, and Inclusion, Finance of America Companies Courtney Graham, Chief Marketing Officer and Chief People Officer, Princeton Mortgage.

Title 433

Title Lending Finance Development 433

Housing Wire

OCTOBER 4, 2022

Head of Neighborhood and Community Lending. Bank of America. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending. Head of Home Lending. Planet Home Lending. Executive Vice President of Retail Lending. Company Name. Aaron King. CEO and Founder.

Lending 435

Lending Technology Finance Mortgages 435

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 353

Mortgages Commercial Banks Loans 353

Housing Wire

NOVEMBER 15, 2021

Kennedy landed a job at American Savings Bank , later acquired by Washington Mutual , and he helmed the company’s fledging Alternative Valuation Business Unit. Most of my clients are large lending institutions and shy away from publicly admitting a mistake,” Kennedy said. What’s different about Zillow?

Lending 448

Lending Land Equity Banks 448

Housing Wire

DECEMBER 6, 2022

Even with the introduction of more digital tools to provide home buyers with a technology-enabled user experience, Spanish-speaking borrowers often encounter obstacles to homeownership during the lending process.

Lending 397

Lending Loans Land Mortgages 397

Housing Wire

AUGUST 14, 2020

The Senate Committee on Banking, Housing and Urban Affairs raised some concerns of its own today as Sen. “The undersigned organizations strongly urge the Federal Housing Finance Agency, which had to approve this policy, to withdraw this ill-timed, misguided directive.”.

Industrial 511

Industrial Mortgages Title Lending 511

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 432

Mortgages Banks Loans Development 432

Housing Wire

JULY 18, 2022

And it’s still very much a relationship-driven business: borrowers want to speak to local loan officers when starting the process of getting a loan, which is why firms are hiring LOs, recruiters and mortgage lending executives said. Bank, Citi and Bank of America looking to expand the ranks of LOs.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

FEBRUARY 21, 2024

Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts. He expects hiring to pick up again on the lending side in the third quarter of 2024.

Mortgages 419

Mortgages Title Marketing Lending 419

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.

Title 467

Title Mortgages Land Closing costs 467

Housing Wire

AUGUST 13, 2024

However, Keller Williams’ leaders three possible scenarios for where the economy if heading, including one in which the Fed successfully executes the soft landing it has been aiming for. The other, less likely scenarios Keller sees are a normal recession and a banking recession. million in 2025.

Agents 345

Agents Purchase and sale agreement Marketing Banks 345

Housing Wire

APRIL 17, 2023

The March survey included two special questions about compression of potential credit availability from regional banks, with nearly half of builders reporting that “some” or “many” customers have directly expressed concerns about recent regional banking headline events.

Banks 397

Banks Sales New Construction Lending 397

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.

Land 370

Land Construction Development Finance 370

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. The 10-year yield and mortgage rates Last week we had multiple land mines for the 10-year yield and mortgage rates to rise or fall with the Fed meeting and four labor market reports.

Marketing 505

Marketing Banks Mortgages As-is 505

Housing Wire

JANUARY 31, 2023

Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures. For Miller, who specializes in bank statement loans and debt service coverage ratio (DSCR) loans for investment properties, Sun West’s artificial intelligence platform, Morgan, won him over. In-house is key.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

MARCH 6, 2024

The Beige Book, which was compiled by the Federal Reserve Bank of San Francisco using information gathered on or before Feb. Although inventory levels remained low, listings increased by modest to significant margins around the First District in recent months, lending increased optimism for sales moving forward.

Mortgages 443

Mortgages Residential Construction Lending 443

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Technology 392

Technology Brokerage Lending Mortgages 392

Housing Wire

APRIL 12, 2023

Pivot to a purchase mortgage market In a purchase mortgage-focused market, getting referrals from real estate agents is key to landing business. Volunteering with our local Board of Realtors, on three (3) committees; Education, Banking & Finance and Membership Engagement. a loan officer in Washington noted.

Mortgages 401

Mortgages Loan Officer Marketing Seller concession 401

Housing Wire

APRIL 25, 2022

Given the rapid growth of consumer offerings by nonbanks, the CFPB is now utilizing a dormant authority to hold nonbanks to the same standards that banks are held to,” said CFPB Director Rohit Chopra in a statement. ” Before the Dodd-Frank Act of 2010, only banks and credit unions were subject to federal supervision.

Banks 305

Banks Loans Lending Land 305

Housing Wire

APRIL 22, 2021

The idea of “more space” has driven homebuyers during the pandemic, with people wanting to get out of crowded metros and into homes with more land. Thankfully, most banks were still lending. That’s a 15.9% increase year-over-year. “It’s just an inventory problem right now,” Sutton said.

Due diligence 459

Due diligence Renovation Lending Land 459