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). “But Woods, however, was quick to specify the context.

Mortgages 432

Mortgages Equity Title Loans 432

Housing Wire

MARCH 12, 2024

Some blamed the house itself — maybe one that was too expensive or needed too much work — for the collapse of a fragile union.” And it often takes on more significance than other items due to the home typically being a couple’s most valuable asset — and because of the complex emotions often intertwined with it.

Equity 473

Equity Mortgages Loans As-is 473

Housing Wire

APRIL 23, 2024

Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs). were working together as “organized crime” with “a lot of money, a lot of smart people.” million loss in 2022.

Mortgages 408

Mortgages Technology Equity Renovation 408

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. That was down 3.6%

Mortgages 440

Mortgages Seller concession Principal Loans 440

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). over asking price. High octane stuff.

Equity 527

Equity Marketing Loans Bankruptcy 527

Housing Wire

MARCH 8, 2024

This is a problem that we’ll be working on for years more, I’m sure. 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. The latter figure represented a 53% year-over-year decline. FDIC), banks held $2.78 in Q2 2023.

Banks 473

Banks Commercial Lending Residential 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

APRIL 8, 2024

Since then, there have been multiple efforts to implement and renew time-limited exceptions that allow for phone or video counseling, with certain reverse mortgage professionals within the state working in concert with trade associations to advocate for a permanent solution. That exception expired at the end of the day on Mar.

Mortgages 414

Mortgages Equity Banks Industrial 414

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

MARCH 28, 2024

Approximately 91% of the company’s volume last year consisted of purchase loans, with refis accounting for 5% and the remaining share coming from home equity lines of credit (HELOCs). We received strong relationships with our financing counterparties to manage mortgage working capital even in this low-volume environment.

Loan Officer 432

Loan Officer VA loan Loans Technology 432

Housing Wire

MARCH 27, 2024

Not only were these figures good enough for the top mover spot, but Real ranked at No. 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.

Brokerage 458

Brokerage Pre-approval Branding Agents 458

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

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 The buyer who chose them and who they’re working for should pay them,” Ellis said.

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Equity Agents Sales MLS 410

Housing Wire

OCTOBER 28, 2022

The topic of work-life balance can be particularly challenging for women in the workplace as much of the responsibilities in the home sits on their shoulders in addition to the demands of a competitive career. We don’t profess to having it all figured out, we simply know there’s power in sharing the bad with the good.

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Lending Equity Banks Finance 305

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

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. “As homebuyers struggle with affordability and bidding wars, it’s more important than ever for lenders and brokers to work together on every customer’s offer,” said Redfin CEO Glenn Kelman in a statement. .

Equity 98

Equity Loan Officer Lending Loans 98

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. What sets Defy Mortgage apart is our ability to consider everything that the borrower brings to the transaction,” Orlando said. “We

Lending 421

Lending Mortgages Marketing Loans 421

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. This appears to be just the beginning. has 17,200 employees serving 5.2

Mortgages 370

Mortgages Banks Equity Residential 370

Housing Wire

APRIL 22, 2024

Last year, there were (number) homes sold here, and the average selling price was (dollar figure). (If I would be happy to give you an equity analysis and let you know how much equity you have in your home. A postcard works fine here, yet a letter in an envelope is more impactful. Great news! Your neighborhood is hot!

Brokerage 438

Brokerage Investor Agents Pre-approval 438

Housing Wire

APRIL 11, 2022

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. “The potential sale appears to be a case when private equity is opportunistic because Black Knight’s stock has underperformed relative to expectations.

Equity 370

Equity Technology Lending Investor 370

Housing Wire

MARCH 7, 2024

Alexander Suslov , head of capital markets at A&D Mortgage , said the Florida-based lender is now working on its second private-label securitization deal of this year. Home equity lines of credit (HELOCs) and closed-end second (CES) mortgage deals are expected to account for $11 billion of the increase.

Investor 421

Investor As-is Commercial Equity 421

Housing Wire

JANUARY 9, 2024

Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. As a national intermediary, GreenPath is always working to make the best use of grant funds to support the needs of as many clients as possible,” Fraser said.

Mortgages 441

Mortgages Design Equity Industrial 441

Housing Wire

MARCH 17, 2021

Building brand equity became first and foremost…we really tried to define at the most granular level what our strengths, weaknesses, opportunities, and threats were in order to shape our direction forward.”. DK : The easiest and most predictable answer was figuring out how to pivot and to logistically manage a workforce remotely.

Marketing 385

Marketing Branding Equity Mortgages 385

Housing Wire

JANUARY 9, 2024

However, despite these well-intentioned programs, ADUs remain a somewhat tricky thing for many consumers to finance – and many lenders are still figuring out how to best serve this growing category. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

Finance 485

Finance Construction Loans Renovation 485

Housing Wire

FEBRUARY 28, 2021

Lenders need to figure out now how they will retain borrowers in this increasingly competitive market. Instead, the Sales Boomerang system notifies mortgage lenders the moment someone in their database is actually ready for a loan — whether it’s a home equity loan, a refi or a new purchase. Last year, lenders originated over $3.7

Sales 384

Sales Equity Loans Lending 384

Housing Wire

DECEMBER 22, 2021

Shant Banosian: I’m working on the business, not just in the business. While so much of our time as loan originators is spent talking to clients, working on deals, etc., my favorite part of what I do is working with a CEO mindset. Shant Banosian: HW+ has been a huge asset to me over the past two years.

Loans 384

Loans Equity Technology Industrial 384

Housing Wire

JANUARY 27, 2021

They also offer a home equity platform for home equity loan applications and HELOCs under the same umbrella. Work-from-home lifestyles and low mortgage rates lit a fire under proptech amid a global pandemic with both Figure Lending and SimpleNexus landing over $100 million in January funding rounds.

Lending 370

Lending Technology Equity Loan Officer 370

Housing Wire

OCTOBER 21, 2021

There are 11 regional FHLBanks, privately capitalized, working with 6,800 financial institutions to provide funding for mortgages and asset-liability management. million, two-year partnership with the Urban Institute to create a racial equity accelerator program. We are trying to figure out how to address this.”

Banks 370

Banks Loans Equity Finance 370

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. How does it work at NJ Lenders? I kind of go with the flow essentially.

Loan Officer 410

Loan Officer Loans Equity Mortgages 410

Housing Wire

NOVEMBER 1, 2022

UWM is expected to top that figure, generating $30 billion this quarter. Many real estate agents preferred to work with local lenders they knew, and would tend to only send to Rocket the clients who couldn’t qualify elsewhere, Katie Glover, a former Rocket banker, told the Journal. . Mortgage originations at Rocket declined 36% to $34.5

Marketing 432

Marketing Loans Mortgages Finance 432

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. For instance, I have never heard anyone say that they don’t want more complete, authoritative property data.

Development 384

Development Industrial Equity Investor 384

Housing Wire

NOVEMBER 8, 2021

Reverse mortgages are an important product within Finance of America’s diverse range of flexible, end-to-end consumer lending solutions spanning the entire home financing and home equity spectrum,” she explains. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 384

Finance Mortgages Lending Equity 384

Housing Wire

APRIL 26, 2022

The crypto-mortgages originated by LoanSnap so far are more akin to home-equity loans as opposed to home-purchase or rate-and-term refinance loans. Other active players include Propy, Figure and Milo — as well as three companies backed by specialty housing-finance company Redwood Trust ’s venture investment arm, RWT Horizons.

Due diligence 450

Due diligence Mortgages Equity Loans 450

Housing Wire

FEBRUARY 20, 2024

The working bill, S2474 , is now pending in the state Senate’s Ways and Means Committee, according to Robin Frechette, chief of staff for Massachusetts State Rep. They’ll generally charge about $300 to $500,” with the figure varying on the region of the country and the size of the home. “And Department of Education.

Inspection 410

Inspection Inspection contingency Purchase and sale agreement Residential 410

Housing Wire

FEBRUARY 5, 2021

At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015. Glenn is the type of person I would’ve worked for again in a heartbeat. What 2021 holds for Rocket Pro TPO. Presented by: Rocket Pro TPO.

Lending 370

Lending Bankruptcy Mortgages Title 370

Housing Wire

NOVEMBER 15, 2021

billion compared with the -$492 million figure recorded in 2020. This represents a major positive shift in the health of the Home Equity Conversion Mortgage (HECM) book of business, marking a third consecutive annual improvement over the issues that have been present in it over the last few years. “The

Mortgages 384

Mortgages Equity Finance Development 384

Housing Wire

OCTOBER 9, 2020

“Changes in culture, society, how we all work and live – it all ends up in capital markets,” said Richard Koss, chief of research at Recursion Companies. “As an investor, you’re looking at all this trying to figure it out,” he said. Do you throw out the baby with the bathwater? Do you penalize an entire company?

Marketing 370

Marketing Banks Investor Technology 370