POPULARITY
Hear the full interview and Roger playing mandolin with the guys on the Led Zep classic Going To California. See ZEBRA's 50th Anniversary show this Saturday May 17th at Flagstar at Westbury Music Fair
Oral Arguments for the Court of Appeals for the Ninth Circuit
William Kivett v. Flagstar Bank, FSB
This week on the Power House podcast, Diego sits down with Jay Bray, the CEO of Mr. Cooper. Jay joined Nationstar in 2000 and brings over 25 years of mortgage serving and origination experience. They discuss Mr. Cooper's growth and acquisition strategy, specifically the Flagstar acquisition, which brought Mr. Cooper's servicing book up to $1.5 trillion from $1.2 trillion at the end of Q3. They also talk about finding a sustainable balance between their servicing and origination business, how banning trigger leads would — or rather, wouldn't — affect their business, and what AI advancements they're looking at as we head into 2025. Here's what you'll learn: Mr. Cooper's servicing business has performed well in a rising rate environment. Flagstar's acquisition brought Mr. Cooper's servicing portfolio up to $1.5 trillion. AI is enabling revenue growth without increasing headcount. Long-term customer relationships will mitigate potential trigger lead bans. The industry needs to be ready for higher rates, for longer. The future of our business is all about enhancing customer experience. Related to this episode: Mr. Cooper to acquire Flagstar's servicing and TPO businesses for $1.4B in cash | HousingWire Mr. Cooper Jay Bray | Mr. Cooper Group Jay Bray | LinkedIn HousingWire | YouTube Enjoy the episode! The Power House podcast brings the biggest names in housing to answer hard-hitting questions about industry trends, operational and growth strategy, and leadership. Join HousingWire president Diego Sanchez every Thursday morning for candid conversations with industry leaders to learn how they're differentiating themselves from the competition. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices
On today's episode, Editor in Chief Sarah Wheeler talks with Managing Editor James Kleimann about the latest M&A deals in the mortgage space. Related to this episode: Planet Home Lending to acquire retail division of Axia Home Loans | HousingWire Mr. Cooper to acquire Flagstar's servicing and TPO businesses for $1.4B in cash | HousingWire HousingWire | YouTube Enjoy the episode! The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker's TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update, followed by David Kittle, Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. We included Bill Corbet for additional commentary. Finally, we wrap up the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.
Thanks to today's podcast sponsor, LoanCare. LoanCare has successfully navigated clients and homeowners through market change for 40 years. The mortgage subservicer is known for delivering superior customer experience through personalization and convenience. Its award-winning portfolio management tool, LoanCare Analytics™, supports MSR investors with a focus on customer engagement, liquidity, and credit risk. LoanCare is part of Fidelity National Financial, a Fortune 500 company and leading provider of services to real estate and mortgage industries.
The Ransomware Minute is a rundown of the latest ransomware attacks & news, brought to you Cybercrime Magazine, Page ONE for Cybersecurity. Listen to the podcast weekly and read it daily at https://ransomwareminute.com. For more on cybersecurity, visit us at https://cybercrimemagazine.com.
In this episode of the Propcast, Louisa is joined by John Rogers, Chief Innovation Officer for CoreLogic and Kirby Brendsel, Flagstar Bank's VP, Environmental, Social, & Governance (ESG) and Sustainability Director, where they discuss all things climate and housing affordability, and the solutions that are out there to help solve the issues! John and Kirby explained the importance of providing data and analytics around climate risk to allow companies to measure the financial impact of climate change up to the year 2050, thus helping companies, cities, and governments to put in place mitigation plans. Tune into this episode to hear more about how climate solutions can help with mitigation, housing affordability and insurance, and how our guest's collaboration create a rising tide that lifts all ships. Companies mentioned New York Communities Corp Inc IBM Deloitte LMRE'S 2023 Salary Report IPCC Episode Highlights My big advice for anyone would be that if you're passionate; follow your passion, go for the things that you want to do, or things that you can make a difference on, even on a small scale related to sustainability. – Kirby We provided something called ‘climate risk analytics' which is an insight that allows companies to measure model and mitigate the financial impact of climate change – John It's all about using data, improving your data, and capturing your data to make sound strategic decisions that helps you drive things forward – Kirby The chef scientist of NASA said to us that he'd never expected to get to this level of granularity in his lifetime – John Key Takeaways How Flagstar and CoreLogic are working together to help address the issue of climate change and housing affordability John explains the ‘average annual loss' which CoreLogic provides that is a ratio of a building's risk in terms of reconstruction costs, allowing companies to understand their financial risk Kirby explains how important the use of data is in making strategic decisions around climate and sustainability The opportunity in cities that have a high climate risk to use CoreLogic's analytics platform The guests discuss the importance of educating people on the long term impact of climate change John discusses how the needs of CoreLogic's customers change and how they accommodate for this About our guests John Rogers John Rogers holds the role of Chief Innovation Officer for CoreLogic and is responsible for the R&D. From driving new solutions that understand the impacts to the real estate economy due to climate change, to ground-breaking models that identify suitable land for affordable housing development, the R&D group tackles major housing issues and works with many clients across the housing industry to drive growth and mitigate risk on their book of business. Prior to joining CoreLogic, John was a Partner with IBM Global Business Services where he focused on the delivery of large multi-million transformational programs for the financial sector both in the United Kingdom and Australia. Prior to this, John worked as a consultant for Itim Consulting, a boutique management firm based in London. John's primary role was as a program manager on a number of assignments delivering global solutions within retail, pharmaceuticals, logistics and information services industries. John earned a bachelor's degree from University of Glasgow, United Kingdom in Aerospace Engineering. Company Summary: CoreLogic CoreLogic is a leading provider of property insights and innovative solutions, working to transform the property industry by putting people first. Using its network, scale, connectivity and technology, CoreLogic delivers faster, smarter, more human-centered experiences, that build better relationships, strengthen businesses, and create a more resilient societ y. For more information, please visit www.corelogic.com. Kirby Brendsel Kirby Brendsel is Flagstar Bank's VP, Environmental, Social, & Governance (ESG) and Sustainability Director, where he leads Flagstar's strategic sustainability and initiatives and the company's goal to be a recognized global sustainability leader. He is coming from Welltower Inc.'s (a real estate investment trust) where he headed their award-winning strategic sustainability and ESG initiatives. Prior to joining Welltower in 2019, Mr. Brendsel worked at Nuveen as a Director of Responsible Investing. Before Nuveen, he served as Associate Director of Sustainability for Starwood Hotel & Resorts Worldwide, where he supported the strategy, integration and management of Starwood's sustainability program and worked collaboratively with the community programs/Starwood Foundation team on CSR (Corporate Social Responsibility) strategy and reporting. Previously, Mr. Brendsel consulted for Deloitte where he assisted in the creation of Deloitte's Federal Sustainability practice and Diversity & Inclusion program. Mr. Brendsel's other past roles include active-duty service as a Military Intelligence Corps Major in the U.S. Army. Mr. Brendsel graduated with distinction and honors from the College of William and Mary with a B.A. in Business and the Jones Graduate School of Management at Rice University with an M.B.A. He is a certified Project Management Professional (PMP) from the Project Management Institute (PMI), U.S. Green Building Council (USGBC) LEED Green Associate (GA), and Lean Six Sigma Yellow Belt. Mr. Brendsel was recently recognized as an Honoree for 2020 by Environment + Energy Leader's annual "best of" list of environment and energy professionals - the E+E 100. Mr. Brendsel is active in his local community, where he has served on the Board of Directors of the Aspetuck Land Trust and Lachat Town Farm Commission as well as on the Town of Weston's Sustainability Committee, Historical Society, and Conservation and Parks & Recreation Commissions. Company Summary: Flagstar New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York with regional headquarters in Troy, Michigan. At June 30, 2023, the Company had $118.8 billion of assets, $84.9 billion of loans, deposits of $88.5 billion, and total stockholders' equity of $11.1 billion. Flagstar Bank, N.A. operates 436 branches, including strong footholds in the Northeast and Midwest and exposure to high growth markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. In addition, the Bank has 132 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. New York Community Bancorp, Inc. has market-leading positions in several national businesses, including multi-family lending, mortgage origination and servicing, and warehouse lending. The Company is the 2nd largest multi-family portfolio lender in the country and the leading multi-family portfolio lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings. Flagstar Mortgage is the 8th largest bank originator of residential mortgages for the 12-months ending June 30, 2023, while we are the industry's 5th largest sub-servicer of mortgage loans nationwide, servicing 1.6 million accounts with $426 billion in unpaid principal balances. Additionally, the Company is the 2nd largest mortgage warehouse lender nationally based on total commitments. About Our Host Louisa Dickins Louisa is the Co-Founder of LMRE, which has rapidly become the market-leading global built environment recruitment platform and search consultancy, specializing in finding the best strategic talent for the most innovative organisations in PropTech, ConTech, Smart Buildings, ESG, Sustainability and Strategic Consulting with operations across North America, United Kingdom, Europe, Asia-Pacific and MENA. To promote the industry she is so passionate about, Louisa set up the Global podcast ‘The Propcast' where she hosts and invites guests from the built environment space to join her in conversation about innovation.
Thanks to today's podcast sponsor, LoanCare. LoanCare has successfully navigated clients and homeowners through market change for 40 years. The mortgage subservicer is known for delivering superior customer experience through personalization and convenience. Its award-winning portfolio management tool, LoanCare Analytics™, supports MSR investors with a focus on customer engagement, liquidity, and credit risk. LoanCare is part of Fidelity National Financial, a Fortune 500 company and leading provider of services to real estate and mortgage industries.
On today's episode, HW Media's CEO Clayton Collins sits down with Lee Smith, the senior executive vice president and president of mortgage at Flagstar Bank. At Flagstar, Smith is responsible for the direction and oversight of all aspects of mortgage, including mortgage sales and originations, secondary and capital markets, mortgage fulfillment operations and mortgage servicing, as well as the strategic growth of the mortgage and servicing businesses.Today, he and Clayton's conversation is all about the banking industry, including discussion of increased regulatory oversight that could potentially start an even stronger consolidation wave, as well as current market dynamics and recent Fed actions. They also talk about the new Flagstar as it has evolved quite a bit in the last year through its merger with New York Community Bancorp and acquisition of some assets of Signature Bank.Related to this episode:Connect with Lee on LinkedInThe good news? The Fed doesn't expect a recession. The bad news? Housing.Flagstar's EVP on the company's future with NYCB, Signature Rumored Basel changes could hit big bank mortgage lending: BloombergHousingWire on YouTubeEnjoy the episode!HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices and meet industry leaders. Our agenda is power-packed with content to propel your company to the next level and connect you with industry playmakers. Click here to learn more!The Housing News podcast explores the most important topics happening in mortgage, real estate and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Clayton Collins and produced by the HW Media team.
Thanks to today's podcast sponsor, SimpleNexus, the homeownership platform that unites the people, systems, and stages of the mortgage process into one seamless, end-to-end solution that spans engagement, origination, closing, incentive compensation, and business intelligence. To learn more about SimpleNexus, an nCino company, visit simplenexus.com.
Thanks to Lenders One, one of the largest mortgage co-ops in the country with a diverse mix of 250+ member companies and providers of an end-to-end solution independent mortgage professionals trust to drive profitability and growth.
Join Chris Kaminski & Hao Dang as they discuss Silicon Valley Bank's (SVB) sale to First Citizens Bank, Signature Bank's sale to Flagstar Bank, a recent survey shows that consumers think mortgage rates will top 8%, and another survey shows consumer confidence in the stock market nears an all-time low (and why that's generally a good time to invest).To learn more about us or stay in the loop, visit www.consiliowealth.comwww.consiliowealth.com/disclosures Submit a question at team@consiliowealth.com
The Federal Deposit Insurance Corp says New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7bn deal. The FDIC says the 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank's subsidiaries. The FDIC said $60bn in Signature Bank's loans will remain in receivership and are expected to be sold off in time. The FDIC says it expects Signature Bank's failure to cost the deposit insurance fund $2.5bn, but that figure may change as the regulator sells off assets.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement
David Faber, Sara Eisen and Mike Santoli covered all of the bases surrounding the turmoil in the banking sector, ahead of Wednesday's Federal Reserve decision on interest rates. UBS agreed to acquire its beleaguered Swiss rival Credit Suisse for about $3.2 billion in stock. Central banks including the Fed and the European Central Bank teamed up to form a joint liquidity operation to ensure smooth funding for the global banking system. Shares of First Republic tumbled to a record low after S&P downgraded the bank deeper into junk status. Despite that news, the market week started with beaten-down regional banks posting gains. Among them: New York Community Bancorp (NYCB), which soared after its Flagstar subsidiary agreed to acquire a significant portion of failed Signature Bank.
Today's blockchain and cryptocurrency news Bitcoin is up slightly at $28,262 Ethereum is down slightly at $1,782 Binance Coin is up slightly at $338 Open interest on BTC futures hits $12B. Signature Bank's non-crypto assets to be taken over by Flagstar bank. FTX court filings allege Bahamas arm just a shell. Belgian crypto ad rules changing May 17th DWF labs invests $20M into Synthetix. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's podcast is sponsored by Built Technologies. Increase efficiency, streamline processes, and improve construction and real estate financing. Built connects lenders with key stakeholders to expedite funding and provide real-time deal visibility via a cloud-based digital platform.
Thanks to Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking.
VLOG: Trevor Milton verdict & "Hydrogen Heist" book; now interview... Kevin Spacey retrial continues, US to rest on Barrack. Fed hides US Bancorp approval in ANPR, Flagstar falling? UN corrupt on Trammo no answer, failing on #Ukraine
The Cybercrime Magazine Podcast brings you our daily alert, which provides boardroom and C-suite executives, CIOs, CSOs, CISOs, IT executives and cybersecurity professionals with a breaking news story we're following. If there's a cyberattack, hack, or data breach you should know about, then we're on it. Airs every day on WCYB and our podcast. For more on the latest cyberattacks, hacks, and breaches, visit https://cybercrimewire.com
Coming up in this week's episode: Opensea NFT Marketplace data breach, ICO says it is going to reduce fines issued to public bodies, DVLA found to have been using incorrect legal basis for processing data, Russia reduces Lihuania's Internet connectivity by 70%, Lakeview data breach now involves an extra 100,000 people, Goverment Audit Office finds need for HHS to improve its responses to data breaches, Flagstar data breach, Wegmans fined $400,000 after data breach, AMD data breach, Thailand introduces PDPA on June 1st, Google facing action from European Consumer Groups who allege that the options Google gives for managing personal data are too complex
The Cybercrime Wire, hosted by Scott Schober, provides boardroom and C-suite executives, CIOs, CSOs, CISOs, IT executives and cybersecurity professionals with a breaking news story we're following. If there's a cyberattack, hack, or data breach you should know about, then we're on it. Listen to the podcast daily and hear it every hour on WCYB. The Cybercrime Wire is sponsored by Deloitte Cyber. To learn more about our sponsor, visit https://deloitte.com/cyber • For more breaking news, visit https://cybercrimewire.com
In today's podcast we cover four crucial cyber and technology topics, including: 1.Researchers find new way to abuse NTLM in relay attack 2.FlagStar detects data breach six months after it happened 3.U.S. and international partners take down Russian Botnet RSOCKS 4.Research shows Chinese-linked actors abused Sophos flaw weeks prior to patch I'd love feedback, feel free to send your comments and feedback to | cyberandtechwithmike@gmail.com
A daily look at the relevant information security news from overnight - 20 June, 2022Episode 248 - 20 June 2022Bank Breach Flagged- https://www.bleepingcomputer.com/news/security/flagstar-bank-discloses-data-breach-impacting-15-million-customers/ BRATA Bulks Up - https://www.zdnet.com/article/this-phone-wiping-android-banking-trojan-is-getting-nastier/No End of Life Support- https://cybersecuritynews.com/cisco-says-zero-day-flaws/ICS Vulns - https://www.securityweek.com/automationdirect-patches-vulnerabilities-plc-hmi-productsOnline Extension Tracking - https://www.bleepingcomputer.com/news/security/google-chrome-extensions-can-be-fingerprinted-to-track-you-online/Hi, I'm Paul Torgersen. It's Monday June 20th, 2022, a day to recognize Juneteenth, and this is a look at the information security news from overnight. From BleepingComputer.comFlagstar Bank is notifying 1.5 million customers of a data breach where hackers accessed personal data including full names and social security numbers. The breach actually took place back in December, but the bank did not realize this until the beginning of June. No word of why the breach remained hidden for so long, or what other information was compromised. If you are one of the 1.5 million, you are the lucky recipient of 2 years of free credit monitoring. From ZDNet.com:With the nasty Android banking trojan known as BRATA, which is Brazilian Remote Access Tool, Android, used to be you only had to worry about it wiping your smartphone with a factory reset to cover its tracks. Recently it has added new features to improve its ability at phishing online-banking credentials and intercepting SMS two-factor authentication codes. See all the details from the Cleafy research in the article. From CyberSecurityNews.com:We talked last week about the 9.8 severity flaw in Cisco routers, for which the company has released an update. However, if Cisco has previously noted that your router was reaching end of life, they will NOT be releasing a patch nor a workaround for this vulnerability. These include the Cisco Small Business RV110W, RV130, RV130W, and RV215W Routers. Time to upgrade kids. From SecutiyWeek.com:AutomationDirect has patched several high-severity vulnerabilities in some of its programmable logic controller (PLC) and human-machine interface (HMI) products. Exploitation of these ICS vulnerabilities could allow an attacker to make unauthorized changes to the targeted devices. See details from the Dragos report in the article. And last today, from BleepingComputer.comA researcher has found a way to use your installed Google Chrome extensions to generate a fingerprint of your device that can be used to track you online. He built a website to create fingerprints, or tracking hashes, based on various characteristics of a device, including GPU performance, installed Windows applications, screen resolution, hardware configuration, and even the installed fonts. See all the creepy details in the article. That's all for me today from Chicago. Have a great rest of your day. Like and subscribe, and until tomorrow, be safe out there.
In this episode, I sit down with Sammi Li who leads analytics for the Community Bank side of Flagstar Bank. We talk about a range of banking application areas including hyper-personalization—how the bank can bring stronger and better digital and AI capabilities to deliver personalization to Flagstar customers through their bankers in the branches. Sammi's great advice for aspiring analytics professionals include, be curious, keep learning, have a growth mindset, and figure out how to become a more helpful person. This simple, but universal behaviors, have all played a big role in her success in the analytics field, and financial services.
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
586: In this interview, Jennifer Charters, CIO of Flagstar Bank, focuses on how Flagstar is expanding its digital capabilities and how it remained resilient during the pandemic. Jennifer speaks on the coopetition between traditional brick-and-mortar banks and FinTech firms and how smaller banks can benefit greatly from developing ecosystems to leverage FinTech's digital capabilities. Additionally, Jen describes the investments Flagstar has made in its own digital capabilities including cloud infrastructure and various platforms. She gives her perspective on the culture of IT, growing the opportunities for women in technology, the advantages of Flagstar's announced merger with New York Community Bancorp, and trends she foresees.
Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)
586: In this interview, Jennifer Charters, CIO of Flagstar Bank, focuses on how Flagstar is expanding its digital capabilities and how it remained resilient during the pandemic. Jennifer speaks on the coopetition between traditional brick-and-mortar banks and FinTech firms and how smaller banks can benefit greatly from developing ecosystems to leverage FinTech's digital capabilities. Additionally, Jen describes the investments Flagstar has made in its own digital capabilities including cloud infrastructure and various platforms. She gives her perspective on the culture of IT, growing the opportunities for women in technology, the advantages of Flagstar's announced merger with New York Community Bancorp, and trends she foresees.
Joining us on this episode is Beth Correa, SVP & Director of Corporate Responsibility, Flagstar Bank, and a member of the Inforum Board of Directors. Support the show (https://inforummichigan.org/about/)
Michigan to lose another seat in Congress as population moves West and South, Ford pays $49K to couple for 2014 Fiesta, settles defective transmission cases, Troy-based Flagstar to be acquired by New York bank in $2.6B deal, The best and worst moments — and the one that shocked — from the 2021 Oscars, and Michigan State football loses six more players to the NCAA transfer portal.
Today's podcast is presented by Capacity. Capacity is an industry leader in mortgage automation that empowers mortgage professionals with instant knowledge and automated workflows. Thanks to 24/7 service, clients receive a superior experience throughout the entire loan process. Capacity connects apps, mines documents, captures tacit knowledge, and automates processes through a mobile-friendly chat interface.
ShadowTalk hosts Alec, Ivan, Charles, and Austin bring you the latest in threat intelligence. This week they cover: - The team discuss HAFNIUM and Microsoft Servers Exchange - Updates on the Accellion incident - what’s the latest regarding Flagstar? - The Verkada compromise - who were the victims affected by the breach of private video footage? Get this week’s intelligence summary at: https://resources.digitalshadows.com/digitalshadows/weekly-intelligence-summary-12-march ***Resources from this week’s podcast*** Hafnium: https://krebsonsecurity.com/2021/03/a-basic-timeline-of-the-exchange-mass-hack/ Microsoft Exchange Compromise: https://www.ic3.gov/Media/News/2021/210310.pdf Flagstar: https://www.cyberscoop.com/flagstar-bank-accellion-breach-clop/ Verkada: https://www.washingtonpost.com/technology/2021/03/10/verkada-hack-surveillance-risk/ Mapping MITRE ATT&CK To The DPRK Blog: https://www.digitalshadows.com/blog-and-research/mapping-mitre-attack-to-dprk-financial-crime-indictment/ Year In Review: COVID-19 Concerns For Cybersecurity Blog: https://www.digitalshadows.com/blog-and-research/covid-19-concerns-for-cybersecurity/ Mapping MITRE ATT&CK To The Microsoft Exchange Exploits Blog: https://www.digitalshadows.com/blog-and-research/mapping-mitre-attack-to-microsoft-exchange-zero-day-exploits/ Also, don’t forget to reach out to - shadowtalk@digitalshadows.com
In this episode of HousingWire Daily, Courtney Thompson, senior vice president of default mortgage at Flagstar Bank, joins the podcast to talk about the biggest mortgage forbearance trends that she is watching and what trends she thinks others should be following.Sharing a recap of her panel at the Housing Spring Summit on Thursday, Thompson discusses the main themes from her panel titled, "Servicing Challenges in a Pandemic Period."She also addresses the idea that servicing has been further behind than the origination market when it comes to technology.
Oral Arguments for the Court of Appeals for the Ninth Circuit
Lisa Strugala v. Flagstar Bank, FSB
The Shred Show LIVE! Navigating Today's Evolving Housing Market...***FREE VIRTUAL SUMMIT*** Navigating Today's Evolving Housing Market. Before you say, "not another virtual summit" just look at the lineup of speakers that will address our industry and the CRITICAL topics they'll be discussing. Check it out!https://the-knowledge-coop.ticketleap.com/freddie-flagtar-conference/details?fbclid=IwAR1iwOaLZVhESmAEl3URLx8nTWyVa0MG8SU8vXEyjjPb0sFFmzSlDP2WgAo
Sandro DiNello, President & CEO, Flagstar Bank, and a member of the Inforum Men As Allies Roundtable. With more than 4 decades in leadership roles with this Michigan institution, Sandro brings a well-informed perspective on building diversity into the workplace culture.
The third episode in the COVID-19 series features a conversation with Alessandro DiNello – President, CEO, and a Director of Flagstar Bank and Flagstar Bancorp. Banks are playing a vital role to help individuals and businesses manage this unprecedented time. Sandro shares his experience remaining calm while guiding a publicly traded bank through crisis.
The numbers are stacked against us yet we keep charging forward. Real estate agents celebrated last night when Governor Polis announced they could do showings starting on Monday the 27th. Is it back to business as usual? Not even close. Take a look at these numbers Fannie Mae's Home Purchase Sentiments is down 11.7% to its lowest level since December 2016 - University of Michigan's Consumer Confidence Index was 101 in February, 89.1 in March and 71 in April.. down to its lowest level since 2009 NAR surveyed its members and 90% of them noted home buyer interest is down. 44% of them said the drop was more than 50% MBA Purchase applications are down 35% Unemployment is up to 17% based on last week's jobless numbers and will probably be over 20% when we get the updated number on Thursday And finally, homeowners taking advantage of the forbearance plan is up to 2.9 million homes or 5.5% of the originations. ----more---- This will cost servicers $2.3 billion a month! High forbearance numbers are pushing bank and non-bank lenders to tighten their credit box, hurting first-time homebuyers, move-up buyers and jumbo buyers alike! We all heard what Chase did. But did you know other banks are doing the same.. just a little more quietly? Wells Fargo, USBank, and BB&T all raised their FICO minimum to 680; Flagstar raised it to 640; Navy Federal stopped doing FHA loans hoping to bring them back in 2021 and Better.com stopped doing FHA loans and raised their minimum FICOs. Meanwhile, virtual showings are up 400%! WOW! This is your opportunity to engage in a whole new way because the way we did things won't be the way we work going forward. This is also the time when we all have to be more creative than ever. Supporting our clients with solutions that help them in their journey to build wealth through real estate. Your partner, Nicole Rueth The Rueth Team of Fairway Independent Mortgage Corporation 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com Connect on social media: Follow me on FB: https://www.facebook.com/theruethteam/ Twitter: https://twitter.com/nicolerueth Linkedin: https://www.linkedin.com/company/the-rueth-team-fairway-independent-mortgage/ YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw
Meet Kristy Fercho, the daughter of a track coach from Compton CA on a mission to help people achieve the American dream of homeownership and she’s rocking it! a leader with GRAVITAS exuding warmth, competency, and connection. Three words describe Kristy – Energy, Light, and Grace, you’ll know exactly what that means after you tune in to this podcast. In this episode, you can expect to hear how her father’s coaching philosophy influenced her leadership style and drives her to focus on “personal best” for herself and others. We explore what happened that day she displayed enormous courage and vulnerability on stage that resulted in an overwhelming outpour of social media attention and support. We dive deep into an open and honest discussion about race, gender, industry stereotypes and fitting a corporate mold. There are valuable insights to share as we pursue our quest to find GRAVITAS. 03:00 Kristy’s story 04:57 Being your best self 09:22 Staying true to yourself 12:09 Breaking the mold 16:41 Attracting Millennials 18:34 Embracing social media 22:48 Courage, leadership and vulnerability 33:01 Advice to your 25-year-old self 35:42 What’s your legacy? 36:49 Leadership influence – see people 41:21 Gravitas - Energy, Grace & Light
In this episode of the Road To Growth podcast, we are pleased to introduce you to Christy Soukhamneut. Christy is a 20+ year veteran of the mortgage industry who is dedicated to turning possibility into reality. A gifted strategic thinker, sheknows that you must cut through the clutter, clearly articulate the vision, and then rally support at the street level. Christy has worked as a loan officer, an executive, and everywhere in between. Strategy is her passion and she gets her greatest joy from seeing others achieve their dreams. She is a firm believer in the power of knowledge, continuous education, and giving back to your community and industry. She currently serves or has served on a wide variety of committees for the Home Builders Association, The Board of Realtors, and the Mortgage Banker’s Association –where she is avid that everyone join Mortgage Action Alliance. Christy holds a masters in business administration and a bachelors of business with a double major in economics and finance. Christy lives in Savannah, GA. She has been married to her husband, Air, for 25 years and has three children.She is a voracious reader who has been known to enjoy an occasional glass of wine and finds solitude on her yoga mat. Learn more and connect with Christy Soukhamneut by visiting her on Linkedin: @ChristySoukhamneut on Instagram: @christysoukhamneut on Facebook: @chrisellaloans Be sure to follow us on Twitter: Twitter.com/to_growth Facebook: facebook.com/Road2Growth Subscribe to our podcast all across the web: Spotify: https://spoti.fi/2Cdmacc iTunes: https://apple.co/2F4zAcn Castbox: http://bit.ly/2F4NfQq Google Play: http://bit.ly/2TxUYQ2
Brian Vieaux Senior Vice President, Third Party Originations, at Flagstar Bank is interviewed in this episode. Follow Adam on Instagram at Ask Adam Torres for up to date information on book releases and tour schedule. To apply to become a featured co-author in one of Adam's upcoming books visit https://www.moneymatterstoptips.com/become-an-author --- Support this podcast: https://anchor.fm/moneymatters/support
Brian talks to the crew about how Flagstar has positioned themselves over the years to be a stable source for mortgage professionals. We talk correspondent lines, diversification, and we ask Brian 3 personal questions. PODCAST: https://www.irepodcast.com/ PODCAST FACEBOOK: https://www.facebook.com/IREPodcast/WEBSITE: https://www.omegalendinggroup.com FACEBOOK: https://www.facebook.com/OmegaLending/ LINKEDIN: https://www.linkedin.com/company/omegalending/ INSTAGRAM: https://www.instagram.com/omegalending/
NOW SUBSCRIBE: The Quarterly Digest of CFO Strategic Insight http://bit.ly/2Wfv291 (50 CFO Profiles Every Issue).
Our stories: Marijuana will be on the ballot in Michigan. Metro Detroit has the highest percentage of underwater mortgages in the country, says Zillow. Wells Fargo is pulling out of the Midwest and selling to Flagstar Bank. Food news, including The Eastern gets a patio, Good Cakes and Bakes gets a James Beard Foundation nod, and the Sugar House is named the best bar in America by Esquire. Why does transit matter to attracting companies to Detroit? Our feature interview is with Kevin Bopp. He's the vice president of parking and mobility for Bedrock. That's Dan Gilbert's real estate company. And here's a hint: It really does matter. It's an interesting conversation. Also, a nod to Robert Snell of the Detroit News for the best lede of the day and a preview of coming stories. Thanks so much for listening to the show! Be sure to tell a friend and leave a review in Apple Podcasts.
Stephanie Janiga of Keller Williams Novi the Janiga Group and widely known as one of the best listing agents around, joins Paul and Sal in our new studio! She brings over eleven years of experience in the industry to the show and she’s talking about staging the home, how to “beef up” an offer, and seasonality. Other topics up for discussion: Flagstar’s 0% down program, selling to millennials, and what might slow down the market. [Paul NMLS #27543] [Sal NMLS #813562] [H FNMLS #1467435]