News & Articles

Colonial Savings, F.A., a thrift bank based in Forth Worth, Texas, has confirmed its plans to exit the mortgage origination business to streamline its services. Effective July 31, Colonial Savings will no longer originate home loans, which the bank has been doing...

Read next: Lender aims to help originators develop social media presence “Whether you’re a veteran wanting assistance with a VA home loan, a new member of the community searching for a wonderful house or an executive establishing yourself in a financial hub, we’re...

“The housing market has struggled to gain momentum during the industry’s crucial spring homebuying season,” said First American deputy chief economist Odeta Kushi. “According to data from First America Data & Analytics, historically approximately 36% of...

“Elevated interest rates and low housing supply have kept many prospective borrowers on the sidelines,” said Edward Seiler, associate vice president of housing economics at MBA and executive director of Research Institute for Housing America. “However, MBA expects...

Weakness in the commercial real estate industry poses risks to the recovery of the US banking sector, JPMorgan & Chase CEO Jamie Dimon warned during the bank’s investor conference Monday. Impacted by the slew of bank failures, the commercial real estate industry...

Consider the ‘Thinking Slow Acting Fast’ approach He touted his “Thinking Slow Acting Fast” philosophy in achieving results. “I really think this idea of thinking slow, acting fast is crucial; especially because most projects are done in the exact opposite way,”...

PacWest Bancorp has sold its residential business-purpose business, Civic Financial Services, to real estate lending firm Roc360, the Wall Street Journal reported this week. The struggling Los Angeles-based regional bank closed the deal on Tuesday, but didn’t disclose...

Company now in its 20th year Celebrating its 20th anniversary after its 2003 launch, Open Mortgage has seen the various iterations of marketing, Gordon said. He agreed the labor-intensive nature of social media productions is daunting for many. “Loan officers like to...

“Holly MacDonald-Korth has shown herself to be a strong, innovative, compassionate, and responsive leader for KDM,” Korth said. “Holly has essentially been acting CEO for a couple of years now, and I am confident that with her at the helm, KDM will continue on its...

“[The hearing] emphasized the need to continue this dialogue,” Park added. “The testimonies we heard will help shape our ongoing agency-wide efforts to understand and address bias in the industry.” Read more: Firm claims it's “blind” to appraisal bias Federal Housing...

Unless an exemption applies, “neither a retaining sponsor nor any of its affiliates may pledge as collateral for any obligation (including a loan, repurchase agreement, or other financing transaction) any ABS interest that the sponsor is required to retain with...

Added NAHB’s chief economist, Robert Dietz: “April saw an increase in new home sales as buyers sought new construction even as builders struggle to keep up with demand because of a shortage of distribution transformers and skilled construction workers,” he said....