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.

Finance 359

Finance Principal Commercial Equity 359

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.

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Finance Investor Mortgages Commercial 393

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Finance of America operates through retail, wholesale and correspondent channels.

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Finance Lending Loans Commercial 503

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

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 379

Finance Industrial Development Mortgages 379

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 357

Finance Mortgages Lending Equity 357

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:

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Finance Hard money loan Home sale contingency Loans 114

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. In Cincinnati, hard money loans offer a unique and flexible way to finance real estate investments. Cincinnati’s real estate market offers plenty of opportunities for investors.

Finance 115

Finance Hard money loan Home sale contingency Loans 115

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 238

RIS Media

JUNE 4, 2024

The commercial real estate industry is in a downturn and could wind up dragging down the financial sector with it, according to a new report from Florida Atlantic University (FAU). Due to the transition to remote work, commercial real estate holdings are falling in value. The root of the issue is the COVID-19 pandemic.

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Commercial Banks Industrial Finance 124

Brownstoner

NOVEMBER 2, 2020

In the latest episode of The Brownstoner Podcast, Morris Betesh, senior managing director for capital services with Meridian Capital, describes the twists and turns of commercial real estate financing since the coronavirus hit in March. It's a tale of two cities," he said.

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Commercial Finance Marketing 104

The Close

JUNE 10, 2024

Commercial real estate is a dynamic industry that allows you to help businesses find their perfect location. Whether you are looking to switch from residential real estate or are making a new career change entirely, commercial real estate offers many opportunities for growth and financial success.

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Commercial Agents Residential Property Management 83

RIS Media

FEBRUARY 28, 2024

A plunge in demand surrounding office spaces may negatively influence the commercial market, resulting in bank failures in pockets of the nation, an assessment made recently by Ken H. Johnson, a real estate economist in FAU’s College of Business, and Rebel A. appeared first on RISMedia.

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Commercial Banks Finance Marketing 124

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 427

Mortgages Banks Finance Branding 427

Housing Wire

OCTOBER 10, 2024

Prominent housing finance attorney Gina Hough and her associate Trevor Cardo have joined Ballard Spahr ‘s housing finance practice, the firm announced this week. Hogh, a former vice president and deputy general counsel at Fannie Mae , will join as senior associate, said housing finance practice chair Peter Michaud.

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Finance Commercial Development As-is 277

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.

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Residential Commercial Finance Loans 390

The Close

OCTOBER 3, 2024

Well, think again—commercial real estate agents need a CRM, too! The top commercial real estate CRMs offer practical, all-in-one solutions for sales, marketing, and managing properties, contracts, and sales leads. You can also manage finances, invoices, work orders, time sheets, and expense reports. The Close Score 5 Pricing: 5.0

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Commercial Sales Closing Investor 68

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.

Residential 473

Residential Equity Mortgages Purchase and sale agreement 473

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 413

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.

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Lending Commercial Banks Construction 113

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.

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Commercial Finance Loans Mortgages 401

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.

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Commercial Finance Branding Principal 365

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 434

Mortgages Loans Commercial Finance 434

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 396

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.

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Banks Lending Finance Loans 439

RIS Media

NOVEMBER 30, 2020

The Mortgage Bankers Association (MBA) recently announced the members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) for 2021. “MBA boasts a strong leadership group of professionals from all facets of commercial real estate finance. – Michael McRoberts, PGIM Real Estate Finance.

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Commercial Finance Principal Investor 82

Marco Santarelli

JULY 26, 2024

As we look ahead, the commercial real estate forecast for the next 5 years raises important questions for investors , businesses , and stakeholders in the industry. The Future of Commercial Real Estate: Insights for the Next 5 Years Remote Work and Office Spaces The traditional office space has seen a dramatic transformation.

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Commercial Technology Investor Property Management 52

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. However, recent developments have cast a shadow of uncertainty over its future.

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Commercial Lending Banks Investor 71

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 399

Banks Equity Lending Commercial 399

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. In 2019, the bank inked one of its biggest deals.

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Banks Construction Finance Commercial 67

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 366

Banks Commercial Lending Loans 366

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 489

Banks Commercial Residential Lending 489

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

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Investor Bankruptcy Finance Equity 433

Housing Wire

JUNE 18, 2024

“He brings an unparalleled understanding of M&A, capital markets and corporate finance and, through his time at Freddie Mac, an intricate knowledge of the home buying market at a time when our Homes.com platform is experiencing exponential growth,” Florance said in a prepared statement. .

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Commercial Branding Brokerage Investor 438

Housing Wire

JUNE 7, 2023

“Christine is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces,” said Matt Rocco , the 2023 MBA chairman and president of Colliers Mortgage.

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Commercial Finance Lending Construction 331

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.

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Lending Residential Technology Commercial 391

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. billion Berkadia Commercial Mortgage, LLC: $6.8 billion Arbor Commercial Funding I, LLC: $3.1 billion in 2021 Green Financing : $9.1 billion Arbor Commercial Funding I, LLC: $3.1

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Finance Closing Equity Commercial 98