Housing Wire

FEBRUARY 26, 2025

These are some of the elements that Medina Cicak, chief commercial officer for Heartland Bank in Australia , and Keira Billot, the bank’s New Zealand -based general manager of retail and reverse mortgages, discussed in an interview with HousingWire s Reverse Mortgage Daily (RMD).

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Housing Wire

MARCH 28, 2025

SmartZip uses AI-driven analytics to evaluate homeowner data and consumer behavior to identify who is most likely to be ready to sell their home. Smart Data: Over 1 billion data points on residential and commercial real estate. Features AI-powered lead generation: AI technology identifies homeowners that are most likely to sell.

MLS 355

MLS Agents Commercial Technology 355

Housing Wire

SEPTEMBER 27, 2024

And Moody’s said that 162,000 commercial properties, with a combined value of $425 billion, were at significant risk of wind damage. The storm comes at a time when Florida homeowners are already dealing with rising insurance premiums and even the potential loss of coverage as insurers face heavy financial losses and closures.

Commercial 435

Commercial As-is Finance Marketing 435

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

JULY 12, 2024

“The home equity cushion is being creatively utilized by mortgage servicers and policymakers to help distressed homeowners avoid foreclosure,” Elan Chambers, Auction.com’s senior vice president of strategic partnerships and business development, said in the report.

Equity 488

Equity Loans Commercial Mortgages 488

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. This increased interest is being led by private equity investors and insurance companies.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

JANUARY 29, 2024

Over the next few years, dramatic home price appreciation and the downturn in commercial real estate have the potential to significantly increase residential real estate taxes. At the same time, many observers are predicting a downturn in commercial real estate values. Will all the worst-case scenarios happen all at once?

Commercial 448

Commercial Residential Technology Industrial 448

Housing Wire

SEPTEMBER 7, 2023

The impending expiration of NFIP represents an “imminent threat” for homeowners, especially during a season that has seen an increasing cadence of extreme weather events, most recently in the form of a hurricane that has hit the state of Florida. “[A] Commercial property premiums increased 20.4%

Commercial 435

Commercial Residential Banks Mortgages 435

Housing Wire

MAY 14, 2021

Rick Sharga, RealtyTrac executive vice president, said most of today’s foreclosure activity is made up of vacant and abandoned properties, or commercial loans — which often don’t have the same protections as loans on residential properties. How community lenders can help grow homeownership. Presented by: Maxwell.

Commercial 482

Commercial Loans Mortgages Residential 482

Housing Wire

AUGUST 31, 2020

Data and analytics provider CoreLogic estimated that residential and commercial property damage in Louisiana and Texas could come in anywhere between $8 billion and $12 billion, with the vast majority of the damage coming in Louisiana. Karen Clark & Co. put its estimate at closer to $9 billion in the U.S. and Carribean. .

Mortgages 418

Mortgages Residential Commercial 418

Housing Wire

AUGUST 21, 2020

While currently the majority of banks are providing deferments for homeowners, many forecast that we will see a rise in the number of foreclosures when these provisions expire,” the company states. “As An on the website itself, RealtyTrac points to the possible uptick on the horizon for foreclosures.

Commercial 434

Commercial MLS Development Branding 434

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. Debt consolidation and supplementing income remaining within the top three uses for a reverse mortgage as older homeowners seek to ease cost-of-living pressures.”

Mortgages 448

Mortgages Banks Finance Branding 448

Housing Wire

APRIL 28, 2023

The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. Jakes Real Estate Ventures began purchasing the site in 2022 to create commercial and residential spaces.

Lending 459

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Housing Wire

OCTOBER 10, 2024

Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP). billion, a total that includes residential and commercial properties. of homes were covered. This includes 17.6% in Georgia, 0.6% in Virginia.

Loans 375

Loans Equity Principal Residential 375

Housing Wire

FEBRUARY 27, 2024

Despite this, millions of Black Americans are homeowners today, the majority of them living in urban areas. Often, these homes are owned by Black homeowners. But even if the economy slingshots around the drain, commercial real estate, the skeletal structure of our inner cities is faced with many challenges.

Banks 459

Banks Loans Land Commercial 459

Housing Wire

DECEMBER 6, 2024

Client Type Former client (buyer) Former client (seller) Referral Online lead Acquaintance Colleague or former colleague Property Interests Luxury buyer or seller Vacation property Land Investor Investor Commercial Single-family homebuyers Condo buyers Price Range Purchase budget Selling price Client Journey First-time homebuyer Downsizing Growing (..)

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Pre-approval Design Industrial Agents 397

Housing Wire

MAY 24, 2021

“Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said.

Land 448

Land Lending Technology Banks 448

Housing Wire

MARCH 21, 2024

Compounding the lack of supply is the proverbial “lock-in“ effect that has disincentivized homeowners to sell their current properties, thereby giving up a low mortgage rate and taking on a new loan at a much higher rate. “A

Industrial 453

Industrial Banks Residential Lending 453

Housing Wire

JULY 24, 2023

According to CoreLogic, by incorporating this data it is streamlining the identification process for carriers and policyholders, as well as promoting awareness and preventative measures homeowners can take to protect their homes against wildfires. CoreLogic’s WFMS ranges from 0.1

Inspection 370

Inspection Commercial Construction As-is 370

Housing Wire

DECEMBER 16, 2022

My favorite campaign to date is our PropStream It commercials. These commercials have not only amassed millions of views, but they also embody our philosophy and approach to our market: edu-tainment. Marketing is where art, story-telling and science come together. So, combining these aspects to create impactful results is a joy! .

Commercial 397

Commercial Industrial Investor Loans 397

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck. Fred Thompson.

Finance 435

Finance Mortgages Marketing Branding 435

Housing Wire

MARCH 6, 2024

The California-based lender and servicer promoted Jim Follette to chief digital officer, a new role to pursue opportunities in digital innovations, commercial markets and solutions for homeowners. Follette, who joined Pennymac 12 years ago, became the company’s senior managing director and chief mortgage operations officer in 2022.

Technology 448

Technology Principal Commercial Mortgages 448

Housing Wire

JULY 1, 2024

It is unquestioningly positive for homeowners and many of our CHLA members are eager to help their borrowers by participating. 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 448

Loans Mortgages Banks Lending 448

Housing Wire

NOVEMBER 16, 2023

Most homeowners would need a reduction of approximately 75 basis points from their original borrowing rate to make a refinance economical, Fitch reported. While lower interest rates are expected to help revive purchase volume, Fitch believes they won’t decrease enough to materially improve refinance volume.

Title 446

Title Commercial Mortgages As-is 446

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 476

Technology Title Development Lending 476

Housing Wire

MARCH 18, 2024

It promoted Jim Follette to chief digital officer, a new role to pursue opportunities in digital innovations, commercial markets and solutions for homeowners. PennyMac recently made changes to its tech leadership. California-based PennyMac delivered $144.7 million in net income in 2023, down from $475.5 million in 2022.

Technology 448

Technology Commercial Development Loans 448

Housing Wire

JANUARY 4, 2023

Finance of America closed its forward mortgage origination unit in October to invest in the company’s reverse and commercial originations, lender services and portfolio management segments. That same month, Guaranteed Rate also added home equity line of credit (HELOC) options for homeowners.

Finance 393

Finance Commercial Loans Title 393

Housing Wire

APRIL 8, 2022

He was previously CEO of Berkadia Commercial Mortgage , which provided advisory and research services for multifamily and commercial properties. Bair has chaired Fannie Mae’s board since November 2020, the first woman to serve in that role. Frater has been CEO since March 2019. Prior to that, he was Fannie Mae’s interim CEO.

Commercial 397

Commercial Finance Mortgages As-is 397

Housing Wire

OCTOBER 1, 2020

The HECM program is a reverse mortgage program specifically for senior homeowners age 62 and older. Nutter’s legal team strongly disputed both the “factual accuracy” and “legal merits” of the allegations that were investigated by the Commercial Litigation Branch of the Department of Justice’s Civil Division, the U.S.

Equity 430

Equity Loans Commercial Mortgages 430

Housing Wire

DECEMBER 18, 2024

The latest inflation figures signal trouble for the long-term yield curve, particularly affecting CRE [commercial real estate] borrowers close to maturity and dampening mortgage origination activity. Persistent inflation transforms interest rate risks into credit risks over time, Stanley said in a statement.

Commercial 397

Commercial Mortgages Banks Closing 397

Housing Wire

MARCH 23, 2022

How Mortgage as a Service Levels the Playing Field for Minority and First-Time Homeowners. Rotellini also worked as an attorney for five years at Zwillinger Greek Zwillinger & Knecht, PC , a commercial law firm.

Finance 397

Finance Commercial Mortgages Development 397

Housing Wire

JULY 29, 2022

Despite unprecedented house price appreciation, homeowners in the hottest metro areas gambled that their property values would continue to grow at red-hot rates, and these gamblers did not want to risk missing out on an even bigger payday in the near future. This was especially true in low- and moderate-income ZIP codes.

Marketing 435

Marketing Residential Sales Commercial 435

Housing Wire

OCTOBER 24, 2022

Rocco, the CEO of Grandbridge Real Estate , a commercial real estate investment bank subsidiary of Truist Bank , said he’s laser-focused on strengthening the MBA’s affordable housing initiatives amid an affordability crisis. “My passion for affordable housing is the core of my vision as MBA chair,” he said.

Banks 418

Banks Commercial Lending Staging 418

Housing Wire

AUGUST 4, 2023

Over the month, a job gain in real estate and rental and leasing (+12,000) partially compensated for a loss in commercial banking (-3,000). Another outcome will be that affordable markets, such as those in the Midwest, will continue to see an outsized level of housing activity for both homeowners and renters, she said.

Marketing 369

Marketing Residential Construction Commercial 369

Housing Wire

SEPTEMBER 14, 2023

“The interesting thing about HEIs is instead of a homeowner taking out equity in the form of cash and paying a mortgage on it, there is no monthly payment within HEI,” Abate said. And that’s where we’ve designed the product, which is unique to Redwood, that creates strong incentives for the homeowner to refi.

Equity 418

Equity Banks Investor Residential 418

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

JULY 2, 2024

The modern housing market presents challenges for homeowners, renters and prospective buyers alike, creating barriers to the benefits of homeownership unseen by previous generations. However, in today’s tumultuous housing landscape , homeownership feels out of reach for many Americans — we need to make changes.

Commercial 366

Commercial Residential Development Design 366