Housing Wire

MAY 12, 2022

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. of mortgaged residential properties in the first quarter of 2022 had at least 50% equity in their property, according to ATTOM.

Equity 458

Equity Mortgages Residential Marketing 458

Housing Wire

MARCH 20, 2024

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 421

Lending Equity Technology Banks 421

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384

Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. Equity among mortgaged homes dropped by about $1.5 That figure declined by $1.17 In the span of just three months, U.S.

Equity 370

Equity Marketing Lending Mortgages 370

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes. rebranded as Rithm Capital ).

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

MARCH 27, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. Securities and Exchange Commission (SEC) regarding the proposed initial public offering of its equity securities.

Technology 441

Technology Lending Equity Investor 441

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. The funding timeline of five business days assumes closing the loan with Figure’s remote online notary, Figure said.

Lending 370

Lending Technology Pre-approval Equity 370

Housing Wire

JULY 12, 2023

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 370

Equity Lending Technology Loans 370

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan. million to 3.8

Debt-to-income ratio 458

Debt-to-income ratio Marketing Equity Loans 458

Housing Wire

APRIL 12, 2024

Among other reasons preventing renters from becoming homeowners, respondents listed the difficulty of saving for a down payment (35%), the challenges of affording mortgage payments (33%) and high mortgage rates (32%). year over year, while the average 30-year fixed mortgage rate was 6.82%. The median sale price was $378,250, up 4.5%

Pre-approval 465

Pre-approval Equity Mortgages Sales 465

Housing Wire

APRIL 16, 2024

Wong and Woods introduced the segment by talking about notable reverse mortgage ad spokesmen like Tom Selleck and Henry Winkler, before offering an overview of the Home Equity Conversion Mortgage (HECM) product backed by the Federal Housing Administration (FHA). “[A] And usually, it’s by selling the house.”

Mortgages 432

Mortgages Equity Title Loans 432

Housing Wire

MARCH 12, 2024

According to 2017 data compiled by the Pew Research Center , the rates of gray divorce have doubled since 1990. Many times, it’s one spouse that is looking into a reverse so they can stay in the house and give their departing spouse their share of the equity, and they already have a figure they need to get as part of the settlement.”

Equity 473

Equity Mortgages Loans As-is 473

Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. over asking price. High octane stuff.

Equity 527

Equity Marketing Loans Bankruptcy 527

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” The obvious culprit is still rates. Beyond that will depend on what happens to rates.” The figure is] in line with expectations,” McCully said.

Mortgages 450

Mortgages Bankruptcy Principal Finance 450

Housing Wire

APRIL 23, 2024

According to Martell , the mortgage market’s origination volume totaled $4 trillion in both 2020 and 2021, and “unfortunately” the decline in loan production “is not going to be cured by a 50-basis-point reduction” in mortgage rates. The company now has a digital HELOC offering. Judge Stephen R.

Mortgages 408

Mortgages Technology Equity Renovation 408

Housing Wire

JANUARY 12, 2024

Despite the still-challenging rate environment, some homeowners might opt to bite the bullet and give up their low rate to move, according to a Redfin study. Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% homeowners with mortgages had an interest rate below 6%.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Equity Finance 473

Housing Wire

APRIL 8, 2024

Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% That was up $18 million from the $429 million figure in February, according to Ginnie Mae data and private data compiled by New View Advisors , who characterized the jump as a “spring ahead.”

Mortgages 431

Mortgages Seller concession Loans Equity 431

Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. According to UWM, standalone HELOCs are an alternative when a “cash-out refinance doesn’t make sense due to having a low-interest rate on their current mortgage,” the company said in a news release.

Seller concession 384

Seller concession Equity Loans Mortgages 384

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity 432

Equity Lending Fixed-rate mortgage Loans 432

Housing Wire

MARCH 13, 2024

million gain on the reverse mortgages it is holding for investment, as well as income related to Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), according to the earnings report. Guild’s in-house retail reverse mortgage originations reached $49.8 million for the year. The company also reported an $8.2

Mortgages 421

Mortgages Lending Equity Loans 421

Housing Wire

MARCH 8, 2024

Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. These stressors are tied to the post-pandemic increase in remote work, as well as higher interest rates that have made it difficult to refinance commercial real estate debt. “I

Banks 473

Banks Commercial Lending Residential 473

Housing Wire

MARCH 28, 2024

Now we are hiring seasoned purchase loan officers with experience in nurturing customers in a higher rate environment,” Garg said. “We For comparison, Better’s production volume was $11 billion in 2022 and $57 billion in 2021, when interest rates were lower and refinance opportunities were plentiful.

Loan Officer 432

Loan Officer VA loan Loans Technology 432

Housing Wire

DECEMBER 12, 2022

Figure Acquisition Corp. I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Banks 410

Banks Mortgages Due diligence Technology 410

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. billion in 2020, but there are no figures for 2021. Santander’s decision regarding mortgage and home equity is another sign that the good times of the U.S.

Banks 441

Banks Mortgages Fixed-rate mortgage Equity 441

Housing Wire

MARCH 7, 2024

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. And future rate cuts mean less return [for investors].

Investor 421

Investor As-is Commercial Equity 421

Housing Wire

MARCH 21, 2024

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). on a per-unit basis.

Mortgages 431

Mortgages Loans Equity Principal 431

Housing Wire

APRIL 24, 2024

million figure it posted during the same period last year but a significant improvement from the pretax loss of $54.2 In response to an analyst’s question during the earnings call, Spector said he expects the company’s servicing channel to lead to more refinance opportunities when mortgage rates eventually decline. “We

Lending 421

Lending Loans Principal Mortgages 421

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% from the $445 million figure in January, according to Ginnie Mae data and private data compiled by New View Advisors. Despite these lower figures, liquidity is less of a concern, Kelly noted.

Mortgages 440

Mortgages Seller concession Principal Loans 440

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

Equity 98

Equity Loan Officer Lending Loans 98

Housing Wire

JUNE 6, 2022

Figure Technologies co-founder and CEO Mike Cagney. Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. Figure will use its own cash to originate up to $100 million in loans.

Fixed-rate mortgage 397

Fixed-rate mortgage Lending Technology Loans 397

Housing Wire

APRIL 12, 2022

Mortgage delinquency rates in January reached a 23-year low, driven by the skyrocketing housing prices and a strong job market. The figure dropped 2.3 in January 2021 in the lowest delinquency rate since at least 1999. The figure dropped 2.3 in January 2021 in the lowest delinquency rate since at least 1999.

Mortgages 410

Mortgages Loans Equity Sales 410

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. billion in 2020, but there are no figures for 2021. The reasons are higher rates, lower volumes, and fiercer competition.

Mortgages 370

Mortgages Banks Equity Residential 370

Housing Wire

JANUARY 11, 2023

The early entrants into the market — including Milo and Figure Technologies — made loans equal to 100% of the borrower’s cryptocurrency value with no down payment required. With more stability in rates in recent months, borrowers who don’t qualify for conventional loans continue to seek non-QM loans.

Lending 421

Lending Mortgages Marketing Loans 421

Lighter Side of Real Estate

JANUARY 10, 2024

When you’re worried about money, it can feel like you’re the only person in the world who’s struggling to figure out how to pay for things. Even if you haven’t done any major improvements to your house, the chances are your equity has grown considerably, which means you have some potential money that could be put to good use.

Equity 82

Equity Loans Finance Mortgages 82

Housing Wire

MARCH 27, 2024

Not only were these figures good enough for the top mover spot, but Real ranked at No. In comparison, at the end of Q4 2021, Real’s agent count was just 3,850 agents, a figure that already represented a 161% annual increase from Q4 2020. In 2023, Real recorded 48,905 sides, up 14,721 sides from 2022, and a sales volume of $21.2

Brokerage 458

Brokerage Pre-approval Branding Agents 458

Housing Wire

OCTOBER 20, 2023

According to Ketchmark, the buyer’s agent portion of the commission on Ellis home sale accounted for 20.55% of her net equity, meaning the commissions for both agents ate up roughly 40% of the equity she had accumulated on the property. “It On the home sale at issue, Ellis said she paid 6% commission on the home sale.

Equity 410

Equity Agents Sales MLS 410

Housing Wire

APRIL 28, 2022

dollars with flexible repayment terms and interest rates as low as 0%, Propy, a real estate blockchain startup headquartered in Palo Alto, California, said in a release. The Abra Borrow platform allows customers to use crypto as collateral to borrow U.S. Propy uses NFTs to close the entire real estate deal digitally. .

Mortgages 384

Mortgages Equity Technology Investor 384