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. Indeed, in recent quarters, equity withdrawal rates have been running at less than half their long-run averages.

Equity 441

Equity VA loan FHA loan Mortgages 441

Housing Wire

DECEMBER 5, 2023

California-based Pennymac Financial Services ’s broker division, Pennymac TPO , launched a home equity loan product as tappable home equity nears its 2022 peak. A home equity loan — also known as a second mortgage — enables a homeowner to borrow money by leveraging equity in a home. homeowners sit on some $16.4

Equity 421

Equity Loans Mortgages Technology 421

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.

Equity 407

Equity Loans Mortgages Finance 407

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. Tappable home equity is expected to decrease to a forecasted $18.1 However, given that home-equity originations were less than $0.5

Equity 384

Equity Lending Title search Title 384

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

Equity 409

Equity Mortgages Finance Development 409

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

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 384

Equity Lending Loans Banks 384

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

Equity 384

Equity Residential Loans Title 384

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.

Technology 397

Technology Mortgages Loans Industrial 397

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Launched in 2021, Splitero’s main focus is on home equity investments (HEI), which differs from home equity lines of credit (HELOC). Clients must retain a stake of at least 20% in their homes.

Equity 410

Equity Brokerage Agents Marketing 410

Housing Wire

SEPTEMBER 18, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. What opportunities did the firm see?

Technology 485

Technology Mortgages Bankruptcy Industrial 485

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. 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 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. We believe there’s a significant opportunity to bring home equity for retirement into the mainstream.” Obviously, it’s hard to move right now, but people do have a lot of equity,” she said. “So,

Mortgages 412

Mortgages Finance Equity Lending 412

Housing Wire

APRIL 11, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners.

Lending 411

Lending Technology Equity Loans 411

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 421

Equity Finance Industrial Mortgages 421

Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “Most technologies are not architected to do a million loans every five minutes.” ” Ardley can help servicers with retention strategies and find new deals within their portfolio. .

Technology 409

Technology Loans Staging Equity 409

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product.

Loan Officer 432

Loan Officer VA loan Loans Technology 432

Housing Wire

FEBRUARY 1, 2024

Rocket — under the helm of Varun Krishna , a veteran in the financial technology world — is becoming more focused on technology than ever. Alex possesses a rare and remarkable perspective on the intersection of technology, finance and emerging trends.

Technology 410

Technology Finance Equity Mortgages 410

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. What occurred to me is that they’re classic examples of demographics that we are seeing right now, which is [being] incredibly asset rich.

Mortgages 458

Mortgages Finance Loan Officer Equity 458

Housing Wire

FEBRUARY 13, 2024

Bringing awareness to potential opportunities in the reverse mortgage space can be a challenge, but Kristen Sieffert, president of Finance of America Companies (FOA), says it’s a task she’s more than willing to take on. 2023 was a rough year ; I’m happy that it’s in the rearview mirror,” she said. “I

Finance 409

Finance Equity Industrial Mortgages 409

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

Mortgages 418

Mortgages Finance Equity Industrial 418

Housing Wire

FEBRUARY 2, 2024

As the mortgage industry has evolved to better leverage technology and remote service delivery, FHA believes that requiring a mortgagee or lender to register all branches is an unnecessary administrative and cost impediment to program participation,” the agency said in its notice.

Mortgages 441

Mortgages Title Loans Lending 441

Housing Wire

NOVEMBER 2, 2023

Creative solutions meant to help renters become homeowners and let homeowners tap into their equity without taking on additional debt began to spring up like the California wildflowers I hope last through the fall (is there a fall season in California?). This is done through using the equity on your existing home as a down payment.

Purchase and sale agreement 409

Purchase and sale agreement Marketing Equity Finance 409

Housing Wire

APRIL 19, 2022

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As

Equity 384

Equity Technology Investor Residential 384

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We saved our customers more than $80 million last year,” he said.

Due diligence 450

Due diligence Mortgages Equity Loans 450

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. The reasons cited most were to cash in on increased home equity/value (39%), to change scenery (38%), or to downsize or upsize (36%).

Mortgages 384

Mortgages Equity Loans Finance 384

Housing Wire

FEBRUARY 15, 2024

We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. Better Home & Finance Holding Co. , Better Home & Finance Holding Co. , Eligible U.S. billion in Q3 2022.

VA loan 409

VA loan Loans Loan Officer FHA loan 409

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Finance 421

Finance Principal Residential Development 421

Housing Wire

AUGUST 23, 2023

and Aurora are creating Better Home & Finance Holding Company , which will have Class A common stock listed on the Nasdaq under the ticker “BETR” starting Thursday. Garg will be a director at Better Home & Finance, the same position as Prabhu Narasimhan and Arnaud Massenet, managing partners of NaMa Capital. Better HoldCo, Inc.

Closing 370

Closing Pre-approval Finance Title 370

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 450

Technology Development Title Lending 450

Housing Wire

DECEMBER 15, 2023

Potential suitors could include private equity firms and technology companies, according to the Journal. Potential suitors could include private equity firms and technology companies, according to the Journal. However, there is no certainty that a deal will be reached. It was then valued at $6 billion.

Equity 441

Equity Technology Sales As-is 441

Housing Wire

FEBRUARY 4, 2021

After months of uncertainty , CoreLogic announced Thursday that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. This would be a premium of 51% to CoreLogic’s unaffected share price as of June 25, 2020. Sign up here.

Lending 458

Lending Equity Investor Finance 458

Housing Wire

JANUARY 19, 2024

Nonbank mortgage lender and servicer loanDepot has started to restore functionality to some of its technology systems impacted by an early January cyberattack. However, its operations remain impacted as it continues to investigate the incident. The company informed customers and the wider public of the cyberattack on Jan.

Technology 421

Technology Equity Loans Mortgages 421

Housing Wire

FEBRUARY 23, 2024

Its pilot AI virtual assistant enabled mortgage bankers to do the most important work when working with clients, with technology taking care of tedious tasks such as filling out applications and remembering regulatory requirements — things that bankers had to do before AI was implemented.

Equity 421

Equity Bankruptcy Loans Mortgages 421

Housing Wire

JULY 19, 2022

billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. But that scenario is a long way off. billion in 2021, up from $0.4

Mortgages 384

Mortgages Finance Loans Technology 384

Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . Shared equity financing. USDA loans.

Finance 106

Finance VA loan FHA loan Agents 106