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. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29
Housing Wire
MARCH 16, 2022
Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage.
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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. banks moved away from commercial real estate lending. FDIC), banks held $2.78 in Q2 2023.
Housing Wire
JUNE 20, 2023
Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Meanwhile, the retail channel was responsible for $1.3 The company’s volume comes mainly from third-party originators.
Housing Wire
OCTOBER 30, 2023
The program is available nationwide through the retail channel for first-time and repeat homebuyers applying for FHA 30-year, fixed-rate purchase loans. FHA loans also come with mandatory upfront and annual mortgage insurance premiums — usually for the life of the loan.
Housing Wire
FEBRUARY 15, 2024
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. 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. That’ll be a big part.
Housing Wire
OCTOBER 12, 2021
At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.
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