Remove 2023 Remove Development Remove Home Improvement Remove Loan Officers
article thumbnail

First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75

Investing 356
article thumbnail

Will new products stop the bleeding for mortgage lenders? 

Housing Wire

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. Homepoint has decided to pause on entering the non-QM fray.

Mortgage 392
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 519
article thumbnail

How LOs can leverage their sphere of influence

Housing Wire

The 2023 market is unlike those we’ve seen in previous years. In a market like this, every lead, loan and basis point matters more than ever for LOs. Dave Savage , chief innovation officer for Mortgage Coach and Sales Boomerang , described today’s market as a new era in the mortgage business — the advice era.