equity-mortgages 
Housing Wire
MAY 6, 2024
Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. million in mortgages last year, mainly for building and construction. The financials of the deal were not disclosed.
Housing Wire
MAY 6, 2024
AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients.
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Housing Wire
MAY 6, 2024
Nationwide equity on mortgaged homes soared to a record $16.9 trillion in the first quarter of 2024, with $11 trillion available for leverage while maintaining a 20% equity cushion — also an all-time high. homeowners with mortgages have tappable equity. trillion in tappable equity. About 48 million U.S.
Housing Wire
MAY 6, 2024
HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). We applaud HUD’s efforts in trying to change the requirements for HECMs to be more in line with the requirements of the forward mortgage industry.
Housing Wire
MAY 6, 2024
Finance of America Companies (FOA) announced on Monday that its reverse mortgage brands — Finance of America Reverse (FAR) and American Advisors Group (AAG) — will be consolidated under the singular Finance of America brand going forward. One of the biggest benefits is unification under the existing parent company. “We
Calculated Risk Real Estate
MAY 6, 2024
Press Release: ICE Mortgage Monitor: Historically Strong Home Price Growth Pushes U.S. in February Strong home price growth in early 2024 increased mortgage-holder equity to a record $16.9T in Q1, $11T of which can be leveraged while retaining a 20% equity cushion – also an all-time high 48M U.S. The index was up 5.6%
Marco Santarelli
MAY 6, 2024
The need for substantial income or significant equity is evident in these markets, reflecting the economic pulse of the regions. Factoring in a 20% down payment, a mortgage rate of 6.99%, and local taxes and insurance rates, the analysis ensured that prospective buyers wouldn't exceed spending 30% of their income on housing.
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