Housing Wire

APRIL 18, 2025

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. Decision-ready data from trusted sources will remain a cornerstone of the mortgage and real estate finance industry, the report concluded. It found that 46.8% errors the highest number on record.

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Title Closing Commercial Loans 363

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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Commercial Brokerage Due diligence Title 448

Housing Wire

AUGUST 4, 2022

Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout. Spreads on both agency and non agency mortgages increased to new highs in a matter of weeks,” Johan Gericke, CFO of Finance of America, told analysts. on Thursday, down 1.5%

Finance 418

Finance Commercial Mortgages Closing 418

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Finance of America funded $35.6 billion in 2021, up 9% compared to 2020, mainly due to reverse and commercial businesses.

Finance 397

Finance Investor Mortgages Commercial 397

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. Upon closing of the [deal], the company will no longer have a reportable commercial originations segment.”

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Commercial Lending Finance Title 370

Housing Wire

MARCH 6, 2025

Pierpoint has served NAR for nearly four decades, including serving as CFO and as a staff executive to NARs Finance Committee for 20 years. And he helped to establish WTA Ventures, now valued at $750 million, to accelerate the commercial growth of womens tennis.

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Finance Commercial Development Technology 370

Housing Wire

MAY 9, 2022

Fast-rising interest rates hit Finance of America Companies hard in the first quarter of 2022 and the company cut almost 600 jobs compared to one year ago. . The executive mentioned that recently the company consolidated the wholesale channels in mortgage and commercial businesses to bring efficiency and enhance cross-sell.

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Finance Commercial Mortgages Investor 370

Housing Wire

FEBRUARY 14, 2025

MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO board members, who represent a cross-section of the residential and commercial real estate finance industries, are responsible for overseeing the organization and serve two-year terms.

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Finance Commercial Technology Lending 329

Housing Wire

AUGUST 31, 2020

This collaboration has brought on the truest sense of community.” – Bill Dallas, president of Finance of America Mortgage. Still, few bring the degree of holistic focus of Finance of America Cares (FOA Cares), which aims its generosity at both the wider world and the workforce within Finance of America.

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Finance Commercial Mortgages As-is 370

Housing Wire

JUNE 26, 2024

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. FOA is optimistic about the ultimate results the move will have, according to its announcement.

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Finance Principal Commercial Equity 417

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 397

Finance Mortgages Lending Equity 397

Housing Wire

DECEMBER 2, 2020

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. After the merger, Finance of America is slated to receive a $250 million investment from institutional investors. billion valuation.

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Finance Lending Commercial Title 327

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. How is Finance of America approaching what could be a difficult year for originators? Patti Cook : Finance of America was built purposefully different.

Finance 397

Finance Industrial Development Mortgages 397

Housing Wire

APRIL 18, 2025

I did residential, I did commercial, you name it. He helped launch a contract servicing department to facilitate seller-financed transactions. I actually had a real estate license, he said. That hands-on experience taught me the full scope of the real estate ecosystem. There just wasnt any business.

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Title Residential Industrial Commercial 370

Housing Wire

NOVEMBER 1, 2024

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. Commercial real estate agent: Commercial real estate agents specialize in transactions involving commercial properties, such as office buildings, retail stores, and industrial warehouses.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

MARCH 14, 2025

80% of buyers financed their home purchase, and 23% of people financed 80% to 89% of the home. Sources: Census Bureau , Apartment List , FRED , Zillow Commercial real estate statistics Diving into commercial real estate statistics is a bear because the commercial market is divided into a bunch of different sectors.

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Marketing Commercial Agents Property Management 360

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

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Lending Technology Title Development 349

The Close

NOVEMBER 26, 2024

Stabilize & Season Your Current Rental Property If you plan to finance multiple rental properties, start by stabilizing your current one. Also, be aware that some lenders have a “seasoning period,” essentially how long you’ve owned or financed the property. Let’s break it down into six easy steps.

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Finance Equity MLS Loans 98

Housing Wire

OCTOBER 7, 2022

Guaranteed Rate this week walked away from negotiations to acquire Finance of America ’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. year-over-year, according to Inside Mortgage Finance. The company ranked no. 33 among the top U.S.

Commercial 418

Commercial Finance Loans Mortgages 418

Housing Wire

MAY 21, 2024

This increased flow of funds appears to be driven by strengthening macro factors that favor residential mortgages over other yield assets such as commercial real estate (CRE) and commercial (C&I) loans. These loans often require higher capital reserves, making residential mortgages more attractive by comparison.

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Residential Equity Mortgages Purchase and sale agreement 488

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.

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Banks Commercial Mortgages Industrial 293

Housing Wire

SEPTEMBER 21, 2022

Cincinnati-based Fifth Third Bank NA, part of Fifth Third Bancorp, a regional lender with some $207 billion in assets, has launched a new warehouse-financing arm that will serve independent mortgage bankers. The lender ’s new warehouse financing arm will be led by Donnie Martin, who has more than 25 years of mortgage industry experience.

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Lending Banks Commercial Finance 397

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.

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Residential Lending Finance Investor 435

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

Mortgages 448

Mortgages Banks Finance Branding 448

Housing Wire

MAY 7, 2024

According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 The investment aims to strengthen the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. billion in mortgages through its third-party originator channel in 2023, making it the ninth-largest U.S.

Banks 448

Banks Lending Equity Commercial 448

Housing Wire

SEPTEMBER 24, 2024

Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital.

Residential 434

Residential Commercial Finance Loans 434

Housing Wire

SEPTEMBER 29, 2022

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . year-over-year, according to Inside Mortgage Finance. The company ranked no. 33 among the top U.S.

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Closing Finance Commercial Mortgages 459

Housing Wire

FEBRUARY 4, 2021

Guaranteed Rate announced Wednesday it will air a 60-second commercial featuring Ultimate Fighting Championship fighter Dustin Poirier and NASCAR driver Ryan Newman during Super Bowl LV on Sunday, Feb. The cost of running an ad during this year’s Super Bowl is expected to be around $5.5 million per 30-second clip.

Commercial 459

Commercial Lending Mortgages Branding 459

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Modern construction finance requires new infrastructure altogether. and Canada. and Canada.

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Technology Closing Construction Commercial 377

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 432

Commercial Finance Branding Principal 432

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. They establish limits for assets backed by residential or commercial real estate and mitigate the impact if the assets lose value.

Mortgages 459

Mortgages Commercial Loans Finance 459

Housing Wire

MAY 21, 2024

Planet Home Lending is an originator, correspondent lender , servicer and subservicer of agency and nonagency residential and commercial mortgages. Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data.

Lending 447

Lending Residential Technology Commercial 447

Housing Wire

OCTOBER 28, 2022

Former employees at Finance of America Mortgage LLC (FAM) are transitioning to American Pacific Mortgage (APM), as the company will shut down by the end of the year, a source with knowledge of the process told HousingWire. . Multichannel lender Finance of America Companies Inc. (FoA)

Mortgages 435

Mortgages Loan Officer Finance Commercial 435

Housing Wire

JANUARY 3, 2024

Commercial property firm CBRE estimates that rent prices will only grow 1.2% As home and financing prices were too high for prospective buyers, many turned to single-family rentals instead, buoying demand. Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth.

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Construction Commercial Property Management Residential 482

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.

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Banks Commercial Residential Lending 493

Housing Wire

MAY 14, 2024

These increases came despite a 2% annual decline in the number of refinance orders opened per day and flat growth in the number of commercial orders opened per day. Commercial volumes continue to be resilient and consistent.” The number of purchase orders opened per day was up 5% on a yearly basis. “In

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Title Commercial Land Finance 476

Housing Wire

AUGUST 2, 2022

Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. Amid changes to the nonbank lender’s C-Suite and business lines, veteran mortgage executive Bill Dallas left his position as president of Finance of America Mortgage in March. .

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Marketing Finance Commercial Mortgages 397