Housing Wire

MARCH 1, 2024

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business. He declined to comment further.

Loans 448

Loans Loan Officer Commercial Brokerage 448

Housing Wire

APRIL 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans.

Loans 476

Loans Title Commercial Residential 476

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp.,

Loans 435

Loans Bankruptcy Sales Commercial 435

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

JULY 1, 2024

Second mortgage loans are specifically authorized in Freddie Mac ’s charter [Section 305(a)(4) – 12 USC 1454(a)(4)]. As a result, cash-out refinances don’t make sense for homeowners with lower coupon loans due to what many have deemed the “lock-in effect.” billion in loans. Let’s be clear.

Loans 448

Loans Mortgages Banks Lending 448

Housing Wire

OCTOBER 5, 2023

Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing.

Technology 435

Technology Loans Lending Residential 435

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning.

Lending 482

Lending Commercial Residential Loans 482

Housing Wire

NOVEMBER 8, 2024

Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Department of Veterans Affairs can still use their loan benefit when working with a buyer’s agent regardless of how their agent is being compensated. Let’s protect the consumer; let’s work together.” Those utilizing mortgages from the U.S.

VA loan 369

VA loan Commercial Loans Staging 369

Housing Wire

DECEMBER 9, 2021

has sponsored 18 private-label transactions so far in 2021 backed by more than 20,000 loans valued collectively at $9.9 Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7

Loans 435

Loans Due diligence Residential Mortgages 435

Housing Wire

APRIL 4, 2024

Currency, first-lien whole loans prudently underwritten and performing to their original terms receive a 50% risk weight, while other loans receive a 100% risk weight. Trade groups have opposed the new regulations.

Banks 513

Banks Commercial Residential Loans 513

Housing Wire

JANUARY 21, 2021

Notarize has tapped Larry D’Angelo as its first president and chief commercial officer, the company announced on Thursday. The post Notarize taps Larry D’Angelo as president and chief commercial officer appeared first on HousingWire. This article originally appeared in FinLedger , HousingWire’s sister-publication focused on Fintech.

Commercial 335

Commercial Equity Industrial Closing 335

Housing Wire

MARCH 10, 2025

Notably, the company recently launched its AI-powered website, Rocket.com , brought on Katie Sweeney as executive vice president of broker advocacy for Rocket Pro , made a Super Bowl commercial comeback and kicked off a companywide rebranding campaign.

Branding 418

Branding Brokerage Commercial Title 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. The current stress in the CRE and C&I loan markets further highlights the advantages of residential mortgages.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

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 (..)

Lending 311

Lending Technology Title Development 311

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 493

Banks Commercial Residential Lending 493

Housing Wire

OCTOBER 10, 2024

The analysis shows that the delinquent balance on these loans — those more than 30 days overdue — is currently about $2 billion. billion, a total that includes residential and commercial properties. Researchers used Harvey, Irma and Ida as references for prior hurricanes and their impacts on the RMBS market. billion to $47.5

Loans 375

Loans Equity Principal Residential 375

Housing Wire

JUNE 11, 2024

Meanwhile, Great Ajax is transitioning from a legacy residential loan platform to a vehicle focused on commercial real estate. The companies also previously noted that Great Ajax will issue five-year warrants to Rithm, exercisable for its common stock, based on the amounts drawn under the loan facility.

Closing 443

Closing Commercial Loans Residential 443

Housing Wire

FEBRUARY 7, 2025

Another letter from a private citizen opposes reverse mortgages due to sickening [reverse mortgage] commercials with corresponding testimonials as seen on television, saying they do not convey the seriousness of the complex contract language. It’s a nonrecourse loan that is negatively amortizing, and balances increase over time.

Mortgages 311

Mortgages Equity Lending Commercial 311

Housing Wire

OCTOBER 9, 2024

decline in purchase loan demand. Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2%

VA loan 458

VA loan Mortgages FHA loan Loans 458

Housing Wire

SEPTEMBER 25, 2024

Purchase loan applications saw more modest increases of 0.4% And the rate for Federal Housing Administration (FHA) loans dropped to 5.99%, “breaking the psychologically important 6% level,“ according Joel Kan, the MBA’s vice president and deputy chief economist. Rising home prices are reflected in larger loan sizes.

FHA loan 448

FHA loan Mortgages VA loan Fixed-rate mortgage 448

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending.

Loan Officer 434

Loan Officer Commercial Investor Banks 434

Housing Wire

FEBRUARY 27, 2024

Real estate investment trust Rithm Capital , the parent of multichannel lender Newrez , has agreed to issue a one-year loan, purchase common stock and become the external manager of its peer Great Ajax Corp. New York-based Rithm Capital engaged in acquisitions last year to become a global asset manager focused on real estate.

Commercial 447

Commercial Loans Mortgages As-is 447

Housing Wire

FEBRUARY 14, 2024

The demise of those banks, which had relied in part on friendly terms on jumbo mortgage loans to entice wealthier clients, had lasting effects on the mortgage landscape – as part I and part II of our jumbo series show. This time, it is not their depositors, but their loan recipients. By the end of Feb. ” Days later on Feb.

Banks 468

Banks Mortgages Commercial Residential 468

Housing Wire

SEPTEMBER 13, 2023

Direct Capital, through its subsidiary Direct Mortgage , offers residential, commercial and SBA loans, per its website. The company has 98 loan officers and six branches, according to the National Multistate Licensing System (NMLS). And, in a shrinking mortgage market, it registered $1.8 Last year, the company reported $6.3

Loan Officer 415

Loan Officer Commercial Loans Lending 415

Housing Wire

OCTOBER 7, 2022

Meanwhile, FoA confirmed Friday that Finance of America Mortgage LLC (FAM), its forward mortgage company, will no longer fund and purchase loans through its wholesale and non-delegated correspondent channels. . 7 by 9:00 PM EST is the deadline to submit a new floating loan or complete a new forward lock. . It also added that Oct.

Commercial 418

Commercial Finance Loans Mortgages 418

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). But the pair appreciated the chance to engage with U.S.

Mortgages 307

Mortgages Banks Equity Development 307

Housing Wire

APRIL 9, 2021

Better extended $14 billion in loans in Q1 this year, and $25 billion in loans in 2020. Better offers home loans for customers through its digital website and partners with banks like Ally Financial. commercial estate sector versus 2019. The profitable company reaped in $800 million in revenue in 2020, CNBC reports.

Commercial 448

Commercial Investor Loans Banks 448

Housing Wire

FEBRUARY 22, 2022

In addition, leading-edge mortgage servicing software that integrates with systems such as the loan origination system (LOS) and a financial institution’s core system allows lenders to sell loans to the Government Sponsored Enterprises (GSEs) while retaining servicing. Includes web applications. According to the J.D. Power 2021 U.S.

Commercial 418

Commercial Investor Loans Mortgages 418

Housing Wire

SEPTEMBER 24, 2024

aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). Lenders must ensure that the loans they take on are eligible for government insurance. Department of Justice (DOJ) announced this week that it has secured a $2.4

Loans 259

Loans Development Commercial Mortgages 259

Housing Wire

JULY 12, 2024

Half of loans in loss-mitigation status at the time of the survey were expected to “permanently perform“ and avoid foreclosure status, Auction.com reported. This included 58% of conforming loans purchased by Fannie Mae and Freddie Mac , 49% of government-backed loans and 34% of nonagency loans.

Equity 488

Equity Loans Commercial Mortgages 488

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. The average loan term at repayment is 6 years, and the average initial reverse mortgage loan amount is $142,000,” the bank explained, a figure that comes out to roughly $97,000 in U.S.

Mortgages 448

Mortgages Banks Finance Branding 448

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. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications. billion in 2020, but there are no figures for 2021.

Banks 468

Banks Mortgages Fixed-rate mortgage Equity 468

Housing Wire

OCTOBER 13, 2020

Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Its products include traditional mortgages, commercial real estate loans, reverse mortgages , fixed-income investing and title services. LOs are only human — Tech is necessary to keep up with max loan volumes.

Finance 505

Finance Lending Loans Commercial 505

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. NYCB’s provisions for loan losses surged to $552 million in Q4 2023, up from $62 million in the previous quarter.

Mortgages 468

Mortgages Banks Marketing Commercial 468

Housing Wire

SEPTEMBER 24, 2024

Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital. The company has reportedly funded more than $13 billion across 35,000 loans since its inception. Roemanu and its subsidiaries receive funding from global investment firm KKR , which acquired Merchants Mortgage in 2022.

Residential 434

Residential Commercial Finance Loans 434

Housing Wire

SEPTEMBER 16, 2020

At the current interest rate of 2.86%, we estimate that nearly 69% of outstanding first-lien loan balances have at least a half-percentage point incentive to refinance.”. The question left outstanding is how the commercial market will rebound. But title insurance premiums are also surging as a result.

Title 482

Title Land Commercial Lending 482

Housing Wire

JANUARY 31, 2023

billion in loans, according to Securities and Exchange Commission (SEC) filings. The acquisition also diversifies NYCB’s portfolio with warehouse lending business, commercial and industrial loans, commercial real estate loans and residential mortgage loans. million loans as of December 31, 2022.

Mortgages 418

Mortgages Lending Banks Commercial 418