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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

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. The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” NYCB, one of the largest U.S.

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Announcing the 2023 HW Insiders!

Housing Wire

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Insiders

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Stepping up the fight against fraud in mortgage lending

Housing Wire

retailers and e-commerce merchants, and every $1 of fraud now costs $3.36, up from $3.13 As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. across U.S. How lenders can prepare for growing fraud threats.

Lending 446
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Mid America Mortgage rebrands to Click n’ Close

Housing Wire

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Mortgage 393
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Caliber Home Loans plans $2B-plus IPO

Housing Wire

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. Rocket Mortgage , America’s largest lender, made its debut in the summer and is now trading at a $45 billion valuation.

Valuation 426
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2020 Banking and Construction Lending Trends for Minnesota

Simonson Real Estate

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

Lending 148
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Introducing the 2023 Women of Influence!

Housing Wire

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.