Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 373

Equity Finance Purchase and sale agreement Investor 373

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. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me.

Industrial 419

Industrial Mortgages Loans Lending 419

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. Mortgage Insurers.

Industrial 543

Industrial Mortgages FHA loan Finance 543

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Other indices put mortgage rates even higher. It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. Few industries are as impacted by market fluctuations as housing.

Industrial 382

Industrial Mortgages Fixed-rate mortgage Equity 382

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 offering documents.

Equity 377

Equity Purchase and sale agreement Marketing Lending 377

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Stated differently, you are dealing with individuals that may be in an equity prison.

Equity 416

Equity Loans Bankruptcy New Construction 416

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. trillion in mortgage locking and trading transactions per year. billion megadeal announced in May 2022. I think integration is key.

Equity 299

Equity Loans Mortgages Finance 299

Housing Wire

JUNE 13, 2024

The Alliance of Comprehensive Planners (ACP), a trade association for financial planners, will be holding its annual conference this October in Savannah, Georgia, and the event will feature two of the nation’s leading reverse mortgage lenders as key sponsors. Longbridge was No. 3 with 2,972 endorsements during the same period.

Mortgages 321

Mortgages Finance Equity Industrial 321

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.

Mortgages 357

Mortgages Loan Officer Banks Equity 357

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Industrial 370

Industrial Mortgages Loan Officer Loans 370

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 318

Equity Marketing Investor Loans 318

Housing Wire

APRIL 15, 2024

Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters. Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters.

Mortgages 432

Mortgages Equity Loans As-is 432

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. Number one, they actually have clients,” Giordano says.

Industrial 371

Industrial Mortgages Loan Officer Banks 371

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 324

Equity Mortgages Finance Development 324

Housing Wire

APRIL 29, 2024

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated. “It

Mortgages 372

Mortgages Equity Loans Closing 372

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. market share, according to Inside Mortgage Finance (IMF) estimates. billion; 5.7%).

Loans 360

Loans Mortgages Due diligence Banks 360

Housing Wire

JUNE 15, 2021

HousingWire recently spoke with Keri Stichler, Divisional Vice President at Rocket Pro TPO, about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity. HousingWire: How common is female leadership across the industry? HW: Why is female leadership vital to the mortgage industry?

Industrial 452

Industrial Mortgages Equity Brokerage 452

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 335

Equity Lending Loans Banks 335

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. rebranded as Rithm Capital ). Toohig said Raymond James finished the year with some $1.1 to 2 points.”

Equity 354

Equity Marketing Debt-to-income ratio Lending 354

Housing Wire

MAY 17, 2024

Financial planners are an important referral source for reverse mortgage professionals, and Finance of America (FOA) vice president of retirement strategies Steve Resch has been at the head of the company’s conversations with planners to help them understand how much utility a reverse mortgage could have for improving a client’s retirement.

Mortgages 370

Mortgages Industrial Equity Principal 370

Housing Wire

APRIL 12, 2024

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts. If a reverse mortgage can help your situation, it still makes sense for a lot of people,” Simmons told the organization.

Mortgages 347

Mortgages Equity Lending Industrial 347

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. For companies to survive and thrive, mortgage executives must focus on three primary factors: risk, strategy and efficiency. There are many mortgage firms that have prospered in 2020 and 2021 due to ultra-low rates.

Industrial 351

Industrial Mortgages Development Loans 351

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgages 422

Mortgages Principal Equity Loans 422

Housing Wire

APRIL 28, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7%

Industrial 327

Industrial Mortgages Loans Equity 327

Housing Wire

MAY 9, 2024

Despite a challenging operating environment and broader concerns among industry professionals about connecting with new borrowers, the reverse mortgage industry’s key performance indicators showed improvements last month. Home Equity Conversion Mortgage (HECM) endorsements increased by 2.3%

Mortgages 298

Mortgages Finance Equity Principal 298

Housing Wire

JUNE 4, 2024

Building on momentum seen in April, reverse mortgage volume and securities issuance each posted gains in May, with a caveat in place about the runway ahead from case number assignments in April. Home Equity Conversion Mortgage (HECM) endorsements increased by 16.9% Overall cases issued dipped by 0.4%

Mortgages 336

Mortgages Equity Loan Officer Loans 336

Housing Wire

MARCH 4, 2024

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new data shows that the decline was not the same between the retail and wholesale channels of the business. Mutual of Omaha Mortgage firmly took hold of the No.

Mortgages 324

Mortgages Equity Loans Industrial 324

Housing Wire

JANUARY 9, 2024

One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. This is where a reverse mortgage could become a viable option for certain retirees, he explained. “[A population grows older in the coming years.

Mortgages 492

Mortgages Equity Finance Industrial 492

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Mortgages 364

Mortgages Marketing Loans Equity 364

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.

Mortgages 306

Mortgages Loan Officer Lending Equity 306

Housing Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. Paul Harris : Home equity lending can look different for many reasons. HW: Automation has been reshaping the mortgage industry over many years.

Equity 350

Equity Lending Technology Industrial 350

Housing Wire

APRIL 17, 2024

One planner solicited for input thinks that a reverse mortgage could be a worthy consideration, among other options, according to a new blog. “I I used to dislike reverse mortgages. A 2023 study published by Mutual of Omaha Mortgage suggested that misunderstandings about reverse mortgages remain rampant.

Mortgages 401

Mortgages Equity Loans As-is 401

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.

Equity 351

Equity Finance Industrial Development 351

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. mortgage markets ,” Tom Pearce, CEO, chairman and co-founder of MAXEX, said in a statement. Terms of the transaction were not disclosed.

Equity 305

Equity Land Investor Loans 305

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Excellent turn times.

Equity 352

Equity Title Technology Inspection 352

Housing Wire

FEBRUARY 20, 2024

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. The division’s leadership team will now also include Dan Ventura, who has served at Fairway since 2007 and last year was appointed as VP of reverse mortgage operations.

Mortgages 354

Mortgages Lending Equity Industrial 354

Housing Wire

JANUARY 22, 2024

After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when compared with recent years past. Reduced volume, a challenging mortgage rate environment and industry consolidation has contributed to some of the broader changes.

Mortgages 379

Mortgages Finance Industrial Equity 379