Housing Wire

MARCH 8, 2024

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. According to the Federal Deposit Insurance Corp. trillion in residential mortgage debt as of first-quarter 2023. FDIC), banks held $2.78

Real Estate 466

Real Estate Insurance Lending Retail 466

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S.

Business 334

Business Insurance Finance Retail 334

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 398

Tools Mortgage Finance Lending 398

Housing Wire

APRIL 4, 2023

Add Moon Mortgage to the list of fintechs offering crypto-backed mortgages. Since 2021, other fintechs have launched crypto mortgage products, including Toronto-based Ledn and Miami-based Milo. Moon’s crypto mortgage product has a minimum loan amount of $1 million. .” Six months after raising $3.5

Mortgage 372

Mortgage Investors Retail Investing 372

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 379

Lending Business Retail Client Relationships 379

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 354

Housing Market Mortgage Marketing Real Estate 354

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market.

Buyers 366

Buyers Retail Loan Officers Insurance 366

Housing Wire

MAY 17, 2022

The rise in mortgage-related fraud over the past three years was largely due to a surge in online and mobile-only mortgage transactions. Firms with 50% or more retail transactions could have a higher cost of fraud and larger volume of average monthly attacks, according to the firm’s True Cost of Fraud report.

Mortgage 370

Mortgage Real Estate Insurance Retail 370

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

Business 412

Business Mortgage Lending Insurance 412

Housing Wire

NOVEMBER 16, 2023

Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday. Fitch said its neutral outlook is underpinned by Fitch’s view that mortgage rates are near peak levels. Fitch does not rate Old Republic.

Insurance 359

Insurance Retail Mortgage Marketing 359

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right. .

Mortgage 368

Mortgage Clients Retail Marketing 368

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Another national sales director, Ignacio Metcalf, left Movement last year and joined Princeton Mortgage as its national sales director in May. division, to Summit.

Retail 370

Retail Development Finance Lending 370

Housing Wire

OCTOBER 30, 2023

In loanDepot’s program, dubbed AccessZERO, the down payment assistance is structured as a 10-year fully amortized repayable second mortgage. The program is available nationwide through the retail channel for first-time and repeat homebuyers applying for FHA 30-year, fixed-rate purchase loans.

Lending 469

Lending Retail Finance Insurance 469

Inman

MARCH 20, 2023

billion deal does not include about $4 billion in crypto-related deposits held by the former Signature Bank's digital-assets banking business, according to the Federal Deposit Insurance Corp.

Retail 137

Retail Insurance Business Mortgage 137

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011. The holding company will invest in finance, insurance, and real estate businesses. The originations went from $14.1

Mortgage 324

Mortgage Investors Investing Technology 324

Housing Wire

FEBRUARY 15, 2023

Texas-based mortgage lender Click n’ Close announced on Tuesday that its primary technology partner, Alabama-based mortgage banker Barr Group Mortgage, has completed the first eNote transaction using the Click n’ Close non-delegated correspondent eNote program.

Mortgage 267

Mortgage Retail Insurance Technology 267

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? Finance data.

Mortgage 381

Mortgage Retail Finance Investors 381

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 487

Mortgage Government Retail Lending 487

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

Loan Officers 365

Loan Officers Mortgage Real Estate Agent Real Estate 365

Housing Wire

MARCH 29, 2021

She was also an in-house corporate attorney with an NYSE-traded retail company prior to Brookfield Properties, where she was responsible for corporate, finance, and international matters. Smith, as president of KHFS, will oversee improvements on the digital side of the mortgage and insurance service offerings. The firm’s U.S.

Retail 407

Retail Insurance Legal Finance 407

Housing Wire

FEBRUARY 15, 2024

Healing Realty Trust brought on Jared Chupaila, a former CEO of Brookfield Properties ‘ retail real estate vertical where he oversaw the company’s U.S. portfolio of more than 150 retail centers. “We We want to improve the board to look more like a public company along the way,” noted Caltabiano.

Realty 368

Realty Loan Officers Retail Real Estate 368

Housing Wire

DECEMBER 7, 2023

Tuesday Making Sense of Wild Housing Data for 2023 Speaker: Logan Mohtashami, Lead Analyst, HousingWire Watch Now Sponsored by: Busting the Top Myth in Mortgage Through Ai Speakers: Pavan Agarwal, CEO, Sun West Mortgage Company Diego Sanchez, COO, HousingWire Watch Now Fireside chat: Guaranteed Rate Affinity and Coldwell Banker Bain Speakers: Karen (..)

Modernization 393

Modernization Retail Valuation Insurance 393

Housing Wire

NOVEMBER 18, 2021

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. Once that happens, mortgage insurance is usually waived. But borrowers would be wise to note that they’ll get hit with higher interest rates.

Insurance 406

Insurance Loan Officers Retail Mortgage 406

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. The post Tech firm Polly bulks up to help modernize mortgage industry appeared first on HousingWire.

Modernization 352

Modernization Mortgage Lending Investors 352

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 417

Mortgage Loan Officers Lending Human Resources 417

Housing Wire

JANUARY 20, 2021

And not just research on the best down payment or neighborhood to live in – you should also search the right mortgage lender. . The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. The good news, it’s easy to find a mortgage lender. Buying a home?

Mortgage 427

Mortgage Advertising Retail Insurance 427

Housing Wire

MARCH 7, 2022

Illinois-based title insurance underwriter Attorneys’ Title Guaranty Fund (ATG) has entered into an agreement to merge with mortgage lender Guaranteed Rate. Stan envisioned the creation of this ‘guaranty fund’ to give lawyers the ability to issue title opinions backed by an insurance underwriter,” Birnbaum wrote.

Insurance 354

Insurance Retail Real Estate Clients 354

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. Presented by: MCT.

Finance 395

Finance Mortgage Retail Home Value 395

Housing Wire

FEBRUARY 11, 2021

“Big Four” title insurer First American Financial Corp. Also announced by the title insurer was a total of $1.1 segment pretax margin of title insurance and services. Excelerate Capital acquires Castle Mortgage Corporation. announced a healthy $7.1 Net income was $696.4 million last year, or $6.16

Insurance 454

Insurance Retail Business Mortgage 454

Housing Wire

MARCH 7, 2022

Illinois-based title insurance underwriter Attorneys’ Title Guaranty Fund (ATG) has entered into an agreement to merge with mortgage lender Guaranteed Rate. Stan envisioned the creation of this ‘guaranty fund’ to give lawyers the ability to issue title opinions backed by an insurance underwriter,” Birnbaum wrote.

Insurance 356

Insurance Retail Real Estate Clients 356

Housing Wire

OCTOBER 4, 2022

Gold Star Mortgage Financial Group. Managing Director and Global Head of Mortgage Services. Matic Insurance. Mortgage Champions. Sales Boomerang and Mortgage Coach. Freedom Mortgage. United Wholesale Mortgage. Sierra Pacific Mortgage. Association of Independent Mortgage Experts.

Human Resources 405

Human Resources Lending Real Estate Technology 405

Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in mortgage originations in 2020. billion in mortgage originations in 2020. billion in title insurance and $1.4

Valuation 384

Valuation Insurance Investors Loan Officers 384

Housing Wire

SEPTEMBER 13, 2021

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week. Think of it like a mortgage lender having wholesale and retail channels.

Insurance 298

Insurance Retail Clients Business 298

Housing Wire

MARCH 29, 2022

Origination volume for FHA -insured loans increased by 3% in 2021, growing from $324 billion in 2020 to $332.24 billion, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. Of the origination volume, retail lenders originated $276.4 Fairway Independent Mortgage originated $8.1

Bracketing 376

Bracketing Retail Investing Insurance 376

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 369

Mortgage Loan Officers Lending Business 369

Housing Wire

AUGUST 23, 2023

Better faced the deterioration of the mortgage market due to surging rates. Better plans to be a mortgage marketplace that sells its technology platform to other companies. “For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace.

Finance 368

Finance Insurance Mortgage Realtors 368

Housing Wire

AUGUST 16, 2023

A week after announcing a pivot in its business strategy , publicly traded title insurance firm Doma announced the sale of its retail operations in Florida on Tuesday. Doma’s Florida operation was purchased by Near North Title Group for an undisclosed sum. Near North Title Group purchased Doma’s Midwest locations in July.

Retail 331

Retail Insurance Technology Business 331