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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

“What if homeowners could tap into home equity without taking on debt?” When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. The annual investment volume in the U.S.

Equity 395
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Retail reverse mortgage production took a hit in January

Housing Wire

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

Mortgages 366
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Introducing the 2023 Women of Influence!

Housing Wire

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370
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Orchard raises $69M in Revolution-led Series C

Housing Wire

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. And in July, it announced its formal launch of Orchard Home Loans. Patrick Conroy, principal at Washington, D.C.-based

Title 244
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Brand Report: Realogy Second Quarter 2021 Financial Results

RIS Media

. – Realogy Title Group contributed meaningfully to business results, generating approximately $55 million in second quarter operating EBITDA, a decline of $6 million year-over-year, including a $27 million decrease in equity in earnings from the company’s mortgage origination joint venture. at June 30, 2021.

Branding 105
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Placemaker Real Estate and Inhabit Realty Group Acquire Fairway Apartments

Realty Biz

We are pleased to sponsor our latest acquisition in the Bloomington-Normal market," said Adriel Deller, Principal at Placemaker Real Estate. million equity investment and a $3.6 million loan from Morton Community Bank. The property was acquired in an off-market transaction direct with the seller for $5 million. "We

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MSR trading should finish strong in 2023, but there are headwinds

Housing Wire

Still, there are challenges facing the MSR market related to the staying power of the huge volume of mortgage servicing rights now being traded that are pegged to legacy loans at low interest rates — in the 3% to 4% range. The bulk of MSR trades to date have involved legacy loans with “a sub-4% WAC” [weighted average coupon], Piercy said.

Banks 374