Housing Wire

JULY 8, 2021

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. ” Flexpoint Ford is a private equity investment firm that has raised more than $5 billion in capital.

Equity 418

Equity Commercial Technology Loans 418

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. billion goodwill impairment. .” billion, with a coverage ratio of 163%.

Equity 443

Equity Mortgages Banks Commercial 443

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The terms of the deal do not include the FOA commercial vertical’s financial assets, which are comprised of loans and securitizations, according to the 8K filing.

Commercial 370

Commercial Lending Finance Title 370

Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire. billion market cap.

Equity 397

Equity Bankruptcy Investor Commercial 397

Housing Wire

JANUARY 17, 2025

The real estate technology company will be aided on this journey by additional capital it has secured from its ownership group, which includes private equity partner Vector Capital , and brokerages Howard Hanna Real Estate Services and Windermere Real Estate , according to an announcement on Friday. MoxiWorks is looking to up its game.

Technology 369

Technology Brokerage Commercial Equity 369

Housing Wire

JANUARY 21, 2021

Notarize has tapped Larry D’Angelo as its first president and chief commercial officer, the company announced on Thursday. He also spent the past years working with private equity firms Cove Hill Partners and M33 Growth’s portfolio companies. billion revenue business.

Commercial 377

Commercial Equity Industrial Closing 377

Housing Wire

FEBRUARY 26, 2025

What they found was a product type that had yet to reach their shores in the form of the Home Equity Conversion Mortgage (HECM) for Purchase (H4P). In 2012, the Australian government introduced high levels of regulation, including negative equity protection on all new reverse mortgage contracts, which helped to counter negative perceptions.

Mortgages 335

Mortgages Banks Equity Development 335

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb.

Banks 468

Banks Mortgages Fixed-rate mortgage Equity 468

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status.

Equity 488

Equity Loans Commercial Mortgages 488

Housing Wire

MARCH 8, 2024

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. in Q2 2023.

Banks 493

Banks Commercial Residential Lending 493

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. Why make the trip? can be very different from the tones explored immediately north of the border.

Banks 293

Banks Commercial Mortgages Industrial 293

Housing Wire

FEBRUARY 11, 2021

billion in cash flow operations, a return on equity of 14.9%, and a 15.7% Total commercial revenue was $226.6 Looking ahead, Gilmore said he is encouraged by the rebound in the commercial market in the fourth quarter and expect First American’s commercial business performance to improve throughout 2021.

Title 515

Title Commercial Closing Equity 515

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 418

Equity Loan Officer Residential Commercial 418

Housing Wire

MAY 7, 2024

In December 2022, Flagstar Bank concluded its merger with New York Community Bancorp , which recently received a $1 billion equity investment from a group led by former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital.

Banks 448

Banks Lending Equity Commercial 448

Housing Wire

JULY 25, 2024

FDIC ) in March 2023, has faced a confidence crisis related to its commercial real estate portfolio. The bank recently received a $1 billion equity investment from a group led by former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital.

Banks 493

Banks Equity Commercial Mortgages 493

Housing Wire

APRIL 4, 2023

Rithm, a New York-based asset manager, is opening an office in London to seek equity and debt investments across the real estate and consumer finance sectors, the company announced on Monday. Migliara is a veteran of asset-backed securities, consumer lending platforms, and residential and commercial real estate.

Commercial 396

Commercial Lending Equity Banks 396

Housing Wire

FEBRUARY 15, 2024

As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending. So he’ll have access to commercial lines of credit for us,” Joe Caltabiano, CEO of HRT, said in an interview. That’ll be a big part.

Loan Officer 434

Loan Officer Commercial Investor Banks 434

Housing Wire

MAY 15, 2024

In January 2024, the bank suffered a confidence crisis after reporting a net loss in the last quarter of 2023 due to a provision for loan losses of $552 million, mainly impacted by its exposure to commercial real estate loans. On March 6, the company received $1 billion in equity investment , led by former U.S. as of March 31.

Loans 468

Loans Mortgages Due diligence Banks 468

Housing Wire

AUGUST 31, 2023

Mars Bank — an independent community bank in Pennsylvania — offers mortgage lending, retail and commercial banking in six locations throughout the state. In its mortgage division, the bank offers construction, purchase loans, home equity loans as well as HELOCs in addition to providing consumer loans, wealth management and merchant services.

Banks 418

Banks FHA loan Lending Equity 418

Housing Wire

APRIL 16, 2024

Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. Loan production in the home equity arena was $1.8 The home equity portfolio was $25.5 On Tuesday morning, the top-20 U.S. mortgage lender stated it produced a volume of $3.4 from the $3.9

Mortgages 448

Mortgages Banks Equity Commercial 448

Housing Wire

OCTOBER 23, 2020

In his most recent role, Morillo was the managing director and head of equity quantitative research at Citadel , where he was responsible for the research and analytics that underlie much of the firm’s equities platform.

Equity 418

Equity Commercial Development Technology 418

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. the retail and commercial businesses, has around 9,000 employees. The decision will not impact the commercial mortgage business.

Mortgages 370

Mortgages Banks Equity Residential 370

Housing Wire

OCTOBER 1, 2020

The company has maintained a close working relationship with HUD for decades and was one of a select few lenders asked by HUD to participate in underwriting the first Home Equity Conversion Mortgage in the 1980s,” Kang said. “These unsubstantiated allegations are inconsistent with our core values and culture.

Equity 430

Equity Loans Commercial Mortgages 430

Housing Wire

MARCH 28, 2025

Smart Data: Over 1 billion data points on residential and commercial real estate. Advanced search filters: Filter by pre-foreclosures, auctions, liens, vacancy and equity. Im sure that in the near future, the commercial data will be more reliable and readily available.

MLS 355

MLS Agents Commercial Technology 355

Housing Wire

SEPTEMBER 29, 2020

These include one that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions, the release said. It allows individuals and businesses to quickly access real estate equity to help address needs for liquidity as a result of COVID-19.

Commercial 448

Commercial Residential Equity Banks 448

Housing Wire

JULY 8, 2024

Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space. Its product mix includes fix-and-flip loans, bridge loans and construction loans.

Residential 435

Residential Lending Finance Investor 435

Housing Wire

SEPTEMBER 19, 2024

We are excited to deliver the Heartland Bank brand to our reverse mortgage customers,” said Medina Cicak, the bank’s newly appointed chief commercial officer. Since 2004, the company has served roughly 27,900 Australians, amounting to a total equity release of $1.8 billion AUD, or roughly $1.2 billion USD.

Mortgages 448

Mortgages Banks Finance Branding 448

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. million HECM loans between Oct. 1, 1999, and Sept.

Equity 459

Equity Loans Principal Commercial 459

Housing Wire

OCTOBER 26, 2023

Yearly decreases were reported across the commercial, purchase and refinance segments, with purchase order volume take the largest hit, dropping by over 7,000 opened orders to 53,506 orders. This category includes things like home equity loans and lines of credit. .

Title 433

Title Commercial Equity Residential 433

Housing Wire

MARCH 19, 2024

has been in business for more than 50 years and offers regulatory compliant default, rental and real estate-owned (REO) residential and commercial property preservation services. Five Brothers, headquartered in Warren, Mich., These include services for the reverse mortgage industry, marking MCS’ initial entry into the sector.

Mortgages 448

Mortgages Principal Commercial Real-estate owned 448

Housing Wire

JANUARY 31, 2023

First Internet Bank will end its direct-to-consumer operations in the first quarter of 2023 and shifts its focus to origination efforts on its floating rate loan products — most notably its commercial construction and small business lending — as well as its higher-yielding fixed rate programs, such as franchise finance. million.

Banks 448

Banks Mortgages Lending Commercial 448

Housing Wire

MARCH 7, 2024

Upward adjustment The Kroll Bond Rating Agency (KBRA) issued a recent report covering what it calls RMBS 2.0 — encompassing the prime jumbo, nonprime/non-QM and home equity lending space, as well as credit-risk transfer deals. The report revealed that January 2024 PLS issuance totaled $7.5 billion, up 81% from the same month last year.

Investor 448

Investor As-is Commercial Equity 448

Housing Wire

MARCH 20, 2023

Flagstar, the 19th-largest mortgage lender in the country, acquired $38 billion in Signature’s assets, including approximately $25 billion in cash and $13 billion in loans, which were exclusively commercial and industrial loans. New York Community Bancorp announced a $2.6 JPMorgan was the leader with $20 billion and an 18% share.)

Banks 370

Banks Commercial Lending Loans 370

Housing Wire

APRIL 18, 2023

Mortgage, home equity business Its mortgage business, however, reported disappointing numbers, an issue led by elevated 30-year fixed mortgage rates. The bank’s home equity originations remained flat in the first quarter, posting $2.6 billion in home equity loans. The home equity portfolio was $26.5 below the $16.4

Banks 370

Banks Mortgages Equity Loans 370

Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. The bank’s capitalization, as measured by its common equity tier 1 (CET1) ratio, fell to 9.1%

Mortgages 468

Mortgages Banks Marketing Commercial 468

Housing Wire

MAY 25, 2023

loans, adjustable rates, and home equity, among others. The firm, which operates a network of six consumer and commercial banks in North Central Texas, claims it has a $20 billion servicing portfolio. According to its website, Colonial offered fixed-rate loans, Federal Housing Administration (FHA) loans, U.S.

Mortgages 397

Mortgages FHA loan Loan Officer Banks 397

Housing Wire

MARCH 19, 2021

Given the apartment business has ~$1 bln of invested equity today, this suggests at least $1.5 The business has a total equity commitment of $1.25 It’s not clear yet if the company’s commercial mortgage business or mortgage finance arm will be included in the spin-off.

Land 529

Land Development Equity Construction 529