Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Compare that with $30 trillion in financeable equity — it dwarfs it. You have to think about how you monetize that equity,” Deitch said. You have to think about how you monetize that equity,” Deitch said. “So,

Equity 329

Equity Technology Loans Lending 329

Housing Wire

MAY 15, 2024

Credit-risk transfer vehicles “would be evaluated in subsequent phases,” according to an outline of the proposed Freddie CES plan issued by its governing body, the Federal Housing Finance Agency (FHFA). This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 323

Equity Marketing Loans Investor 323

Housing Wire

DECEMBER 5, 2023

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. With this new integration, EasyKnock aims to provide homeowners with additional options to convert their home equity into cash. EasyKnock received $57 million in venture capital in February 2022.

Equity 357

Equity Investor Technology Residential 357

Housing Wire

OCTOBER 5, 2023

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. billion, according to a review of bond-rating and industry reports.

Equity 375

Equity Purchase and sale agreement Marketing Lending 375

Housing Wire

FEBRUARY 21, 2024

An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. The Paceline team focuses on private equity, corporate debt and real asset investment opportunities across the country. billion megadeal announced in May 2022.

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Equity Loans Mortgages Finance 297

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Read on for Hometap’s business model and areas of potential partnerships with other players in the housing industry.

Equity 316

Equity Marketing Investor Loans 316

Housing Wire

DECEMBER 3, 2023

Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Rising equity levels are also contributing to low default and foreclosure activity. In 2024, roughly 75% of originations expected to come from purchase loans.

Equity 413

Equity VA loan FHA loan Mortgages 413

Housing Wire

MAY 14, 2024

Steve Resch, vice president of retirement strategies at leading reverse mortgage industry lender Finance of America , knows a lot about the intersection between the interests of financial planning professionals and reverse mortgage industry members. And I’m curious how this combines with what you do for Finance of America.

Equity 356

Equity Finance Industrial Mortgages 356

Housing Wire

FEBRUARY 22, 2023

HousingWire’s Rising Stars award recognizes housing professionals 40 years old and younger who are making a major impact on the industry. Meg Parker Young: Climate and racial equity work will have to get closer and closer together. You cannot address climate risk without addressing systemic and pervasive equity issues.

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Equity Finance Industrial Development 350

Housing Wire

NOVEMBER 6, 2023

The use of artificial intelligence (AI) is poised to grow amid higher origination costs and greater competition, but without correcting the underlying causes of bias in data, AI models can embed racial equity inequality on a larger scale, a recent report from the Urban Institute concluded. “It

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Equity Mortgages Finance Development 322

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3

Industrial 543

Industrial Mortgages FHA loan Finance 543

Housing Wire

SEPTEMBER 7, 2021

The Federal Housing Finance Agency (FHFA) will require the government sponsored enterprises to submit annual plans to advance equity in housing finance for the next three years. “This is a major step in bringing more equity to the housing finance industry,” said Fudge. 25, 2021.

Equity 367

Equity Finance Lending Development 367

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 334

Equity Lending Loans Banks 334

Housing Wire

MAY 17, 2024

The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America (FOA), has joined its board of directors for the remainder of the 2024 term. Scarpati expressed excitement for his new role.

Equity 322

Equity Finance Lending Industrial 322

Housing Wire

FEBRUARY 10, 2021

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Pamela Perry.

Equity 523

Equity Fixed-rate mortgage Investor Development 523

Housing Wire

MARCH 23, 2023

The ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third largest bank failures in U.S. Even a solid lending line, however, isn’t bulletproofed against a systemic industry shock. billion in total assets) and Dallas-based Comerica Bank ($85.4

Industrial 397

Industrial Banks Lending Equity 397

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. It was too darn hot: the housing market slows down. What happened to the market?’”.

Title 465

Title Industrial Closing costs Closing 465

Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. What happened There are so many reasons that homeowners may seek out a reverse mortgage: funding retirement , sending kids to college, financing large purchases during retirement and the list goes on.

Industrial 418

Industrial Mortgages Loans Lending 418

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

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Investor Bankruptcy Finance Equity 366

Housing Wire

NOVEMBER 8, 2021

While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 302

Finance Mortgages Lending Equity 302

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Equity 271

Equity Marketing Investor Finance 271

Housing Wire

NOVEMBER 18, 2022

These trends have exacerbated industry overcapacity, leading to continual layoffs. This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. American Financing Corporation originated $4.13

Industrial 389

Industrial Loan Officer Loans Lending 389

Housing Wire

MARCH 22, 2024

Home equity levels among homeowners aged 62 and older are at record levels following the end of the pandemic. It’s all about the sequence-of-returns risk in retirement planning […] Spending from the home equity helps you preserve more investments, so there is going to be a bigger legacy at the end,” Pfau told the outlet.

Mortgages 436

Mortgages Equity Finance Loans 436

Housing Wire

MAY 7, 2024

Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 lender in the space. Last year’s volume declined 29.5%

Banks 325

Banks Equity Lending Commercial 325

Housing Wire

OCTOBER 29, 2021

The resurgence of alternative home equity tapping companies in the past few years has been of interest to the reverse mortgage industry due to the potential that business has to compete for seniors’ business. Seniors’ response to alternative equity tapping since COVID-19 onset. Eoin Matthews, CBO and co-founder of Point.

Equity 324

Equity Mortgages Principal As-is 324

Housing Wire

OCTOBER 27, 2021

When the Federal Housing Finance Agency (FHFA) last month directed Fannie Mae and Freddie Mac to come up with equitable housing finance plans by the end of the calendar year, it asked for feedback. In their comments, numerous industry stakeholders, as well as affordable and fair housing groups, said that it’s time for some new ideas.

Industrial 323

Industrial Finance Lending Equity 323

Housing Wire

SEPTEMBER 14, 2023

” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew.

Equity 313

Equity Banks Investor Residential 313

Housing Wire

MAY 14, 2024

Better Home & Finance Holding Co. , million, driven mainly by home equity line of credit (HELOC) and cash-out refinance products, executives said. In the past, the company attracted noncommissioned loan officers without experience in the industry using fixed compensation. Better posted a net loss of $51.5

Loans 348

Loans Loan Officer Equity Mortgages 348

Housing Wire

JANUARY 10, 2023

For those of us in housing finance, the calendar year change really does mean something. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it. Well, here we are at the beginning of another year. There are also all those millennials reaching prime home buying age, and they have to live somewhere, right?

Industrial 346

Industrial Finance Mortgages Equity 346

Housing Wire

NOVEMBER 10, 2020

The housing industry took the opportunity to welcome the new administration and remind it of its promises. “On In fact, several industry leaders brought to light that housing continues to be a bright spot holding together the economy, and expressed their anticipation with working with the new administration. “The

Industrial 434

Industrial Mortgages Lending Equity 434

Housing Wire

MAY 15, 2024

market share, according to Inside Mortgage Finance (IMF) estimates. But they are not immune to systemic industry shocks, including last year’s bank crisis. On March 6, the company received $1 billion in equity investment , led by former U.S. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan.

Loans 358

Loans Mortgages Due diligence Banks 358

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Among these topics, Sieffert addressed the recent acquisition of former leading industry lender American Advisors Group (AAG) and its integration into FOA. This year, it’s ‘prevail,’” she said.

Mortgages 288

Mortgages Finance Equity Lending 288

Housing Wire

OCTOBER 31, 2023

This is the point of contact for all of the sale side information and if they aren’t careful, they are going to destroy the mechanism that produces this and then the ability to price homes goes out the door and the ability to make the Great American Dream where you buy a home and build equity disappears.”

Industrial 410

Industrial Agents MLS Brokerage 410

Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA with the U.S. Other challenges are ongoing.

Equity 341

Equity Finance Industrial Mortgages 341

Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Equity 309

Equity Finance Loans Development 309

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. Nominations for HousingWire’s Vanguards are now open through Friday, July 22, 2022.

Equity 327

Equity Mortgages Lending As-is 327

Marco Santarelli

MAY 25, 2024

Housing Market Shift: Equity Slips But Still High in 2024 The good news: Homeownership equity remains high. In the first quarter of 2024, nearly half (45.8%) of mortgaged homes in the United States were considered equity-rich. equity-rich) and South Carolina (down to 40% equity-rich) leading the decrease.

Equity 93

Equity Marketing Renovation Mortgages 93