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Legacy Group Capital acquires home equity investment fintech Rook Capital

Housing Wire

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As

Equity 426
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Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. homeowners saw home equity increase 1.7%

Equity 423
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Figure Lending shifts to new operational umbrella

Housing Wire

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technologies launched a wholesale lending platform in June 2023 that gives loan originators access to the company’s home equity line of credit (HELOC) offering.

Lending 396
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Texas-based independent brokerage joins The Real Brokerage

Housing Wire

The Property Shop joined Real under its Private Label program, which allows independent brokerages to maintain their own brand while reaping the benefits associated with being a part of Real. Ware, who founded The Property Shop in 2009, will serve as a growth leader at Real and help to build visibility for its brand.

Brokerage 390
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Figure partners with four IMBs on HELOCs

Housing Wire

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. Each of Figure’s new partners will leverage Figure’s HELOC technology to create a branded product for their customers, the firm said in a statement.

Equity 309
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Sagent names Mr. Cooper’s president as executive chairman

Housing Wire

Mortgage servicing is the last and toughest mile of mortgage industry modernization, and Sagent’s technology, team, and industry expertise make it the best software partner for America’s servicers,” said Marshall. Marshall joined Sagent’s board under the terms of the transaction.

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Ocwen improves overall reverse mortgage performance despite volume contraction

Housing Wire

Our primary operating brands, PHH Mortgage and Liberty Reverse Mortgage, will retain their names at this time. We’re excited about this new chapter for the company and we look forward to operating under the Onity brand.” We expect to rebrand PHH and Liberty to Onity Mortgage later this year.

Mortgages 332