Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We billion AUD, or roughly $1.2 billion USD.

Mortgages 406

Mortgages Banks Finance Branding 406

Realty Biz

SEPTEMBER 14, 2022

If you’ve ever purchased a home, you’re probably familiar with the term “equity” and what it means. When it comes to buying a house, your down payment is the initial equity you have in the property. The rest is financed through your loan with a bank, which you slowly pay off over time. . How Does Preferred Equity Work?

Commercial 92

Commercial Equity Investor Finance 92

HomeLight

JULY 29, 2024

Whether you’re eyeing a fix-and-flip project in Sunset Heights or trying to secure a commercial property in downtown El Paso, a hard money loan can be a valuable resource. These loans provide faster access to funds compared to conventional financing, making them a popular choice for real estate investors. Here’s how they work:

Finance 114

Finance Hard money loan Home sale contingency Loans 114

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Residential 391

Residential Lending Finance Investor 391

Housing Wire

MAY 7, 2024

According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 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. lender in the space. Last year’s volume declined 29.5%

Banks 373

Banks Equity Lending Commercial 373

HomeLight

AUGUST 28, 2024

Whether targeting a rehab project in Over-the-Rhine or looking at commercial spaces downtown, finding the right financing is key. Start Making Offers Without Waiting to Sell Your Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Finance 115

Finance Hard money loan Home sale contingency Loans 115

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 413

Investor Bankruptcy Finance Equity 413

Housing Wire

SEPTEMBER 10, 2024

Barr said the proposed changes include “reducing the risk weights for residential real estate and retail exposures, extending the scope of the reduced risk weight for certain low-risk corporate debt, and eliminating the minimum haircut for securities financing transactions,” he said.

Banks 423

Banks Lending Finance Loans 423

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. The company also unveiled a series of new TV spots with former AAG spokesman Tom Selleck.

Commercial 340

Commercial Finance Branding Principal 340

Housing Wire

MAY 15, 2024

market share, according to Inside Mortgage Finance (IMF) estimates. 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. billion in volume and a 12.3%

Loans 407

Loans Mortgages Due diligence Banks 407

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

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 478

Banks Commercial Residential Lending 478

HomeLight

JULY 16, 2024

While it may initially seem complex, how to calculate home equity is actually quite simple. What may be more difficult is deciding how and when to use your home equity. In this post, we’ll show you four easy steps to calculate your home’s equity and help you tap into what you need — and what to consider before you do.

Equity 112

Equity Loans Commercial Mortgages 112

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 355

Banks Commercial Lending Loans 355

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 326

Commercial Lending Equity Banks 326

Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill.

Lending 113

Lending Commercial Banks Construction 113

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. According to Inside Mortgage Finance (IMF) estimates, Flagstar originated $15.7 billion in mortgages in 2023.

Mortgages 403

Mortgages Banks Marketing Commercial 403

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 486

Banks Equity Commercial Mortgages 486

Housing Wire

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. That same month, Guaranteed Rate also added home equity line of credit (HELOC) options for homeowners.

Finance 376

Finance Commercial Loans Title 376

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 425

Mortgages Banks Equity Commercial 425

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. In the past five years since re-entering the market, Fannie Mae has provided more than $3 billion in equity property investments throughout the U.S., billion Berkadia Commercial Mortgage, LLC: $6.8

Finance 98

Finance Closing Equity Commercial 98

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 365

Mortgages Banks Equity Residential 365

Housing Wire

APRIL 18, 2023

So mortgages, credit, munis, financing, futures, FX, all of them had a pretty good quarter,” Alastair Borthwick, Bank of America’s chief financial officer, told analysts. Mortgage, home equity business Its mortgage business, however, reported disappointing numbers, an issue led by elevated 30-year fixed mortgage rates.

Banks 315

Banks Mortgages Equity Loans 315

Real Trends

SEPTEMBER 7, 2022

In recent years, more women have been making serious strides in commercial real estate, and women-owned businesses are on the rise. According to a 2020 Commercial Real Estate Women (CREW) report , women made up just 36% of the industry, while women holding executive positions only amounted to 9%. Greater gender equity is key.

Commercial 76

Commercial Equity Industrial Finance 76

Realty Biz

SEPTEMBER 25, 2023

Commercial real estate has long been considered a pillar of stability and prosperity. Consequently, office space vacancies have surged, leading to a substantial decrease in rental income for commercial property owners. Furthermore, many of them have depleted equity, exacerbating the situation.

Commercial 71

Commercial Lending Banks Investor 71

Realty Biz

DECEMBER 5, 2023

Alexandria Real Estate Equities, Inc. With strong financial skills and a nearly three-decade track record as a distinguished equity research analyst covering the REIT sector, Sheila will add significant value to Alexandria and for our stockholders. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc.

Equity 78

Equity Commercial Finance Technology 78

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages 310

Mortgages Technology Loan Officer Loans 310

Housing Wire

MARCH 7, 2024

“The rating agencies and bond market have recognized the pristine nature of [residential mortgage-backed securities, or RMBS] and are rewarding that over time with tighter and tighter spreads, which allows for better financing, which then allows for better pricing ultimately back to the borrower,” Warden said. “My

Investor 396

Investor As-is Commercial Equity 396

Housing Wire

AUGUST 11, 2023

Freddie Mac is required to conduct annual stress tests in an effort to “assess capital adequacy under [the Federal Housing Finance Agency (FHFA)’s] rule implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) stress testing requirements,” the results explained.

Commercial 327

Commercial Finance Equity Design 327

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 427

Banks Mortgages Lending Commercial 427

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 414

Mortgages Equity Loans Seller concession 414

Housing Wire

APRIL 28, 2023

Over the next 10 years, the partnership could result in “up to $1 billion” in capital and financing from Wells Fargo and grants from the Wells Fargo Foundation, the companies said. Jakes Real Estate Ventures began purchasing the site in 2022 to create commercial and residential spaces.

Lending 416

Lending Banks Commercial Development 416

Housing Wire

AUGUST 29, 2024

Largely nonprofits, mission-based landlords provide affordable housing as a tool for systemic change, including advancing racial equity, reducing economic disparities, and strengthening community resiliency. Rightsizing financing terms would help to ensure that these vital properties don’t crumble under the weight of debt service.

Land 354

Land Development Commercial Property Management 354

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 457

Technology Title Development Lending 457

Realty Biz

JULY 14, 2022

Equity waterfall models are one of the most difficult real estate finance concepts to understand. commercial retail buildings. A sound commercial real estate investment strategy can pay off, but you need to know what you’re working with. XIRR and the Equity Multiple are also used. Understanding the Waterfall Model.

Commercial 90

Commercial Investor Equity Loans 90

Housing Wire

JULY 1, 2024

Federal Housing Finance Agency (FHFA) Director Sandra Thompson recently announced its conditional approval of Freddie Mac pilot to purchase second mortgages. Freddie Mac has long purchased cash out refinances , which give homeowners whose homes have appreciated in value the ability to access some of the equity in their home.

Loans 388

Loans Mortgages Banks Lending 388

Housing Wire

FEBRUARY 10, 2022

The Federal Housing Finance Agency has prioritized expanding access to credit while prioritizing safety and soundness. In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances. The post Freddie Mac posts $12.1B

Loan Officer 416

Loan Officer Finance Loans Banks 416