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 deal will offload an FoA subsidiary division that offers residential real estate investment loans.

Commercial 370

Commercial Lending Finance Title 370

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

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. In the average residential transaction, commissions are usually split between the buyer’s agent and the seller’s agent, with the seller typically paying both commissions.

Agents 448

Agents Brokerage Purchase and sale agreement 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

MAY 21, 2024

Shuler has also served in CIO leadership roles at GMAC Mortgage/GMAC ResCap , National City Mortgage and Homeward Residential. Planet Home Lending is an originator, correspondent lender , servicer and subservicer of agency and nonagency residential and commercial mortgages.

Lending 447

Lending Residential Technology Commercial 447

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. FDIC), banks held $2.78

Banks 493

Banks Commercial Residential Lending 493

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

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. He pioneered a comprehensive team approach in real estate, incorporating a transaction coordinator, financing professional and buyer agents to provide full service to a broader clientele.

Brokerage 459

Brokerage Residential Commercial Development 459

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.

Finance 98

Finance Equity MLS Loans 98

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.

Construction 482

Construction Commercial Property Management Residential 482

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

JANUARY 31, 2023

According to Cangem, the substantial Fed policy shift last year resulted in significantly higher residential mortgage rates. The acquisition also diversifies NYCB’s portfolio with warehouse lending business, commercial and industrial loans, commercial real estate loans and residential mortgage loans. billion in volume.

Mortgages 418

Mortgages Lending Banks Commercial 418

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. Last year, Built acquired lienwaivers.io , a provider of lien waiver management and payment solutions for commercial and residential construction.

Technology 377

Technology Closing Construction Commercial 377

Housing Wire

APRIL 17, 2024

That includes the nation’s top homebuilders ( DR Horton and Lennar ), mortgage originators ( United Wholesale Mortgage and Rocket Mortgage ), brokerages ( Anywhere and Compass ) and residential search portals ( Zillow and CoStar , which owns Homes.com ). trillion in commercial real estate debt comes due over the next few years.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

Banks 448

Banks Mortgages Lending Commercial 448

Housing Wire

MARCH 25, 2024

Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. 20, 2024, for commercial apartment policies. They will take effect Aug.

Commercial 482

Commercial Residential As-is Finance 482

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 448

Banks Lending Finance Loans 448

Housing Wire

MAY 1, 2023

The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank. JPMorgan also said that the FDIC would provide it with $50 billion in financing.

Banks 397

Banks Commercial Loans Principal 397

Housing Wire

FEBRUARY 7, 2022

HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S. the retail and commercial businesses, has around 9,000 employees. The decision will not impact the commercial mortgage business. Inside Mortgage Finance reported that Santander residential production totaled $2.7

Mortgages 370

Mortgages Banks Residential Equity 370

Housing Wire

OCTOBER 5, 2023

His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

Technology 435

Technology Loans Lending Residential 435

Housing Wire

MARCH 22, 2023

The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. billion in fully funded cash proceeds from the global investment firm Atlas SP Partners through a new senior asset-backed financing facility. The company secured $1.4

Banks 418

Banks Commercial Loans Investor 418

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 468

Mortgages Banks Marketing Commercial 468

Housing Wire

JUNE 13, 2022

Multichannel lender Finance of America (FoA) Monday announced Patti Cook will step down from her role as chief executive officer June 30, in anticipation of her retirement due to an existing medical condition. . According to Inside Mortgage Finance, Cook is leaving the leadership team of the 32nd largest mortgage lender in the U.S.

Finance 370

Finance Residential Commercial Mortgages 370

Housing Wire

JULY 27, 2023

Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have all renewed their efforts to protect tenants renting in multifamily housing units as costs continue to climb, according to an announcement from the White House.

Commercial 369

Commercial Residential Finance Development 369

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

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.)

Commercial 370

Commercial Banks Lending Loans 370

Housing Wire

OCTOBER 11, 2021

million residential properties at risk of flooding in 2051, an increase of 1.2 The survey evaluates the flood risk across five categories: residential properties, roads, commercial properties, critical infrastructure, and social infrastructure. . Changing environmental conditions will put 13.6 In 2051, 2.2

Residential 365

Residential Commercial Investor Finance 365

Housing Wire

MARCH 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 Sales Commercial Loans 447

Housing Wire

APRIL 4, 2022

SitusAMC is a provider of “technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries” but the Warehouse Administration Services launch is aimed at supporting mortgage warehouse lenders, who provide lines of credit to originators.

Lending 397

Lending Technology Commercial Finance 397

Housing Wire

SEPTEMBER 24, 2024

Property taxes in the city — as is the case with many localities nationwide — are higher, and the tax burden is increasingly shifting from commercial to residential properties. And unfortunately, that means lots of people are buying lots of residential properties.”

Mortgages 468

Mortgages Commercial Residential As-is 468

Housing Wire

JANUARY 22, 2024

As part of the deal , NAF would acquire the residential mortgage arm of Draper & Kramer , a property and financial services group established in 1893 by Arthur W. The board didn’t have an interest in keeping a residential mortgage division,” the employee told HousingWire. Draper and Adolph F. Mortgage tech platform Modex shows $8.2

Mortgages 366

Mortgages Residential Loan Officer Loans 366

Housing Wire

JUNE 12, 2023

It summarizes the results based on a “severely adverse” scenario prescribed by the Federal Housing Finance Agency (FHFA) based on a hypothetical scenario that illustrates the resiliency of the model to challenging economic conditions. Without the establishment of a VA, “Fannie Mae would recognize $13.2B

Residential 397

Residential Commercial Finance Mortgages 397

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 459

Lending Banks Commercial Development 459

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 418

Loan Officer Finance Loans Banks 418

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 397

Mortgages Residential Loans Lending 397

Housing Wire

OCTOBER 14, 2022

He has a background in management, finance and economics, and holds an MBA from the University of California, Irvine. million members, involved in all aspects of the residential and commercial real estate industries. On his account, Kiefer shares charts and insights about the housing economy.

Marketing 497

Marketing Finance Industrial Mortgages 497

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. Finance of America shares traded at $1.46

Mortgages 418

Mortgages Finance Loan Officer Commercial 418