Housing Wire

APRIL 8, 2025

5 by sales volume. Only three years ago, The Real Brokerage was ranked for the first time on the RealTrends Verified Brokerage Rankings. Now, they are in the top 10: No. 6 by transaction sides and No. Weve always been focused on making agents lives better, says Poleg.

Brokerage 284

Brokerage Banks Technology Title 284

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

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

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

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

DECEMBER 17, 2024

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. The other defendants in the suit are those involved in the title and escrow process and the wiring of the allegedly fraudulent funds.

Earnest money deposit 397

Earnest money deposit Purchase and sale agreement Title Banks 397

Housing Wire

DECEMBER 19, 2024

According to the brokerage, Caldwell is no slouch when it comes to sales volume. He and his 30-agent team pulled in $200 million in sales revenue over an unspecified time period. 1 mega team by sales volume and units. Caldwell also brings robust banking experience with the likes of U.S. Bank and JPMorgan Chase.

Brokerage 397

Brokerage Banks Agents Sales 397

Housing Wire

FEBRUARY 24, 2025

If there are too few homes for sale, they dont have to be affordable to everyone, they only have to be affordable to a few people. At that time in the fourth quarter, home sales picked up and home prices did too. If we spend any amount of the year at or near 6%, I expect that the inventory, sales and price trends will reverse.

Sales 495

Sales Mortgages As-is Marketing 495

Housing Wire

AUGUST 14, 2024

Executives at Swiss bank UBS said on Wednesday that they’ve struck a deal to sell Credit Suisse ’s U.S. On Wednesday, UBS chief financial officer Todd Tuckner told analysts during an earnings call that the sale of Credit Suisse’s U.S. servicing business. In the U.S., Credit Suisse owns Select Portfolio Servicing (SPS).

Banks 435

Banks Closing Principal Residential 435

Housing Wire

SEPTEMBER 15, 2023

government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. In April, the FDIC decided to sell a portfolio of $114 billion in MBS it obtained after seizing control of the banks, retaining Blackrock to conduct the sale.

Banks 448

Banks Mortgages Loans Investor 448

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. Prior to that, Dickey worked for SunTrust Mortgage for more than 15 years, and left as regional sales manager. A total of five additional senior account executives joined Dickey.

Banks 448

Banks Mortgages Finance Sales 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

MAY 21, 2024

Sandra Ho, a managing director at JPMorgan Chase , will join Wells Fargo next week as its head of home lending sales, Wells Fargo said in a statement Monday. It is a newly created role, and Ho will lead Wells Fargo’s consumer direct and distributed sales forces.

Sales 446

Sales Loans Lending Banks 446

Housing Wire

JANUARY 28, 2025

Dunmor CEO Franck Ruimy spoke with HousingWire ‘s Sarah Wolak on why he anticipates 2025 will be a strong sales year, and he highlighted the recent growth for the business-purpose lending (BPL) sector. I think [about] five years ago, banks were still extremely active in the sector. Wolak: Do you see any of this changing in 2025?

Residential 364

Residential Lending Finance Banks 364

Housing Wire

JANUARY 13, 2025

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. This came after the company acquired Flagstar Bank assets in July. trillion at the end of the third quarter.

Banks 370

Banks Title Technology Industrial 370

Housing Wire

SEPTEMBER 13, 2024

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

Sales 435

Sales Mortgages Loan Officer Technology 435

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. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. We likely would not have seen mortgage rates at 8% that year if the spreads hadn’t worsened after the banking crisis. In 2023, spreads reached as high as 3.10%. 26 in Dallas.

Mortgages 492

Mortgages Banks As-is Sales 492

Housing Wire

FEBRUARY 28, 2025

Big picture 2025, our view is that it will be slightly better than 2024 in terms of originations and sales , but unfortunately it probably wont feel much better, McKeveny, the managing director of mortgage and real estate at Zelman & Associates , told attendees of HousingWires Housing Economic Summit on Wednesday.

Mortgages 428

Mortgages Sales Banks Marketing 428

Housing Wire

MARCH 5, 2024

Struggling New York Community Bancorp (NYCB), which triggered fears of new bank collapses, could benefit from selling mortgage servicing rights ( MSR ) to improve its capital ratio, according to analysts at Keefe, Bruyette and Woods (KBW). NYCB became a large mortgage servicer after the acquisition of Flagstar Bank in December 2022.

Sales 467

Sales Banks Principal Loans 467

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

JUNE 14, 2024

Incenter Lender Services, a Philadelphia -based family of companies that works with nonbank and depository lenders across the country, announced this week that it has promoted Shelley Duffy to the role of executive vice president of national sales. Duffy first joined Incenter in February 2022 as its senior vice president of national sales.

Sales 447

Sales Development Lending Loans 447

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. So, the new role is going from the product management side to the sales side of the business. national bank, a large bank [that is considering entering] reverse.

Banks 435

Banks Mortgages Technology Branding 435

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

FEBRUARY 8, 2024

E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. and Bank of America Corp.

Sales 459

Sales Banks Technology Finance 459

Housing Wire

JANUARY 27, 2025

Distressed home sales marketplace Auction.com released a new report Monday highlighting a drastic drop in foreclosure auction property volume in the fourth quarter of 2024. The report showed that the inventory of properties available for sale at auction dropped to a three-year low in Q4 2024. and Phoenix.

Banks 355

Banks Sales Marketing As-is 355

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

Marketing 418

Marketing Lending Branding Banks 418

Housing Wire

MARCH 24, 2025

At Dark Matter, we believe lenders should now be evaluating their current systemswhether that means streamlining automation, implementing AI-driven processes or improving CRM and LOS integration to enhance sales performance. It should be about helping lenders win new business, not just cutting expenses. Those who dont?

Technology 368

Technology Loan Officer Loans Banks 368

Housing Wire

DECEMBER 9, 2024

How do we bridge the semantics and just put it into mortgage banking language to help people understand what we are? Regardless of sales distribution channel, we’ll have specialists that are really focused in on product, but they’re focused on that client segment. I think we can bridge that gap.

Mortgages 370

Mortgages Lending Banks Industrial 370

Housing Wire

APRIL 10, 2025

Existing home sales have hit multi-decade lows. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. Unsurprisingly, homeowners arent budging. Inventory has collapsed. Prices remain stubbornly high, even as borrowing costs rise.

Design 286

Design Marketing Fixed-rate mortgage Finance 286

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. We’re enjoying that now.

Lending 293

Lending Banks Mortgages Industrial 293

Housing Wire

FEBRUARY 8, 2024

Intercontinental Exchange (ICE) Mortgage Technology reported an improved adjusted operating income of $193 million in the fourth quarter of 2023, up 98% from one year earlier and fueled by record sales of its loan origination system (LOS) Encompass. We added Raymond James Bank for their retail and correspondent channels.

Loans 434

Loans Sales Technology Banks 434

Housing Wire

DECEMBER 4, 2024

The lender was later acquired by Caliber Home Loans in September 2014, prompting Lindsay to continue her career as a loan consultant and sales manager there until December 2022. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

MARCH 11, 2025

We’re going to be able to provide so much value to our partners and we’re going to give our partners and loan officers something nobody has and step out into the future here,” said Craig Snell, vice president of sales at Milestone. Bristol County Savings Bank bought into Milestone in 2022. ”

Loans 370

Loans Mortgages Loan Officer Technology 370

Housing Wire

MARCH 18, 2025

He climbed the ladder to the role of president, and led sales and operations at a top-25 independent mortgage bank with 5,600 employees that notched $33 billion in volume during the peak of the mortgage boom. “I believe that the new future is no layers, no regionals, not layers of sales leadership. It was serendipitous.

Loan Officer 293

Loan Officer Mortgages Banks Sales 293

Housing Wire

JULY 25, 2024

Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). The bank recently received a $1 billion equity investment from a group led by former U.S.

Banks 493

Banks Equity Commercial Mortgages 493

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 sale is expected to close in the third quarter of 2024. billion; 5.7%).

Loans 468

Loans Mortgages Due diligence Banks 468