Housing Wire

DECEMBER 23, 2024

While some forward lending companies have gone out of their way to acquire and incorporate reverse mortgage lending divisions into their ongoing operations, others have bolstered their existing reverse mortgage divisions. There’s a new set of big forward players compared to years past, Cory said.

Lending 385

Lending Mortgages Industrial Finance 385

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 288

Lending Equity Banks Construction 288

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Equity 367

Equity Lending Residential Branding 367

Housing Wire

FEBRUARY 20, 2025

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. This offer extends to anyone with an existing mortgage at any lending institution looking to benefit from refinancing, she said.

Lending 348

Lending Equity Mortgages Design 348

Housing Wire

APRIL 16, 2025

Home equity levels among U.S. Among the lesser anticipated consequences, high amounts of home equity can limit the amount of financial aid that some prospective college students are eligible for. Generally speaking, homeowners also appear reluctant to tap into their home equity despite its meteoric growth over the past five years.

Equity 335

Equity Lending Mortgages As-is 335

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. from $490 billion in the second quarter.

Equity 471

Equity Lending Banks Loans 471

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. and one of them is Newfi, which is a non-QM lender.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 455

Lending Equity Banks Loans 455

Housing Wire

OCTOBER 31, 2024

This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). The product also has a minimum age requirement of 55.

Mortgages 413

Mortgages Equity Loan Officer Loans 413

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Home equity originations were relatively flat in 2023 compared to 2022,” Walsh said in a statement. billion per company in 2023, compared with $2.1

Equity 425

Equity Lending Loans Renovation 425

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. While the companies remain quiet on their plans, some Bay Equity employees arent waiting for answerstheyre already looking for new jobs. They will be a great fit.

Loan Officer 384

Loan Officer Equity Loans Brokerage 384

Housing Wire

MAY 20, 2025

Kind Lending today announced the appointment of Geri Farr as its senior vice president of West retail sales. “Kind Lending is growing faster than ever, and Geri’s leadership will help us continue this momentum,” said Tammy Richards , Kind Lending’s president of retail.

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Lending Sales Loan Officer Equity 226

Housing Wire

JUNE 3, 2025

Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories and some U.S.-based The companys decumulation lending division includes both reverse mortgages and insurance lending. While reverse mortgages in the U.S. It reached $2.5

Mortgages 424

Mortgages Equity Banks Lending 424

Housing Wire

JUNE 13, 2025

Non-QM lending allows borrowers with nontraditional income sources, such as self-employed individuals, freelancers, and gig workers, to qualify for mortgage financing. Non-QM lending has emerged as a crucial component of the modern mortgage landscape, offering a flexible and inclusive pathway to homeownership for a diverse range of borrowers.

Due diligence 424

Due diligence Lending Investor Loans 424

Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in.

Lending 383

Lending Equity Investor Residential 383

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp., Others are taking a more nuanced approach to the increase.

Mortgages 386

Mortgages Equity Lending Loans 386

Housing Wire

NOVEMBER 12, 2024

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement.

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

MAY 13, 2025

Late-cycle lending risk is always a factor in every economic cycle we experience in the housing market. On the other hand, homeowners not only tend to have strong credit scores, but they also possess a significant amount of equity in their homes. But in general terms, homeowners’ financials are solid as a rock.

Bankruptcy 469

Bankruptcy Equity Loans Lending 469

Housing Wire

NOVEMBER 7, 2024

Guild’s current reverse lending division, built off its 2023 acquisition of Cherry Creek Mortgage , has expanded its reverse mortgage activities this year. When asked during the earnings call about what the company sees in the home equity lending space, Schmidt said that the opportunities in reverse stand out. “We

Mortgages 370

Mortgages Equity Lending Branding 370

Housing Wire

MARCH 10, 2025

billion in equity. ” Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Glenn Kelman , CEO of Redfin. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 463

Purchase and sale agreement Pre-approval Brokerage Equity 463

Housing Wire

JUNE 10, 2025

It’s doing so with the launch of a new home equity line of credit ( HELOC ) option specifically for customers ages 62 and older. Namely, it concerns the frequently expressed reluctance of older homeowners to tap into home equity in retirement out of fear that it will limit the assets they can leave to heirs.

Equity 410

Equity Principal Technology Development 410

Housing Wire

JUNE 9, 2025

Unlike the pre-2008 era, stricter lending standards and robust regulations have kept mortgage delinquency rates low, significantly lowering the odds of a catastrophic collapse. High debt and low equity: Key warning signs Several catalysts could spark a housing market correction in 2025. The 2025 U.S. Today’s DTI average of 40.5%

Marketing 445

Marketing Debt-to-income ratio Fixed-rate mortgage Loans 445

Housing Wire

DECEMBER 18, 2024

Citis previous use of the URL was to redirect to learning center content within the home lending pages on the Citi domain, according to Head of Mortgage Marketing at Citi, Chip Burgard. The company has an aggressive marketing goal to reach the No. Market share and brand authority Why launch this site now?

Marketing 400

Marketing Lending Branding Banks 400

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 425

Lending Mortgages Equity Loan Officer 425

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. to take its lending division, LendCo , public. JP Morgan Chase & Co. and Jefferies Financial Group Inc. —

Lending 425

Lending Equity Technology Banks 425

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

OCTOBER 23, 2024

Cash-out refis have gained popularity due to record-high home equity levels in recent years. As for the product’s mortgage rates, Elezaj said they are more competitive than HELOCs (home equity lines of credit), traditionally a market dominated by credit unions and depository banks. Is the juice worth the squeeze?

Equity 425

Equity Loans Mortgages Loan Officer 425

Housing Wire

JANUARY 22, 2025

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners. This isn’t the only recent acquisition for Evernest.

Property Management 384

Property Management Investor Lending Renovation 384

Housing Wire

MARCH 3, 2025

Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday. Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian.

Technology 425

Technology Residential Commercial Brokerage 425

Housing Wire

FEBRUARY 7, 2025

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. The proposal was introduced by Sen. Deb Patterson (D-Salem) and is co-sponsored by Sen.

Mortgages 324

Mortgages Equity Lending Commercial 324

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling.

Lending 425

Lending Loans Loan Officer Equity 425

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 425

Lending Branding Loan Officer Technology 425

Housing Wire

AUGUST 5, 2024

trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 On top of that, tappable home equity reached a new high of $11.5 roughly three in five — now have at least $100,000 in tappable home equity, which refers to the amount of equity they can access while maintaining a stable 20% equity “cushion.”

Equity 436

Equity Loans Mortgages Lending 436

Housing Wire

APRIL 8, 2025

Peter Sciandra Fairway has led the way in digital mortgage closings, completing over 200,000 e-closings for our forward mortgages since 2017, said Peter Sciandra, EVP of reverse lending operations and secondary at Fairway. Fairway Independent Mortgage Corp. The process will not do away with wet signatures entirely, since certain U.S.

Closing 311

Closing Mortgages Lending Technology 311

Housing Wire

OCTOBER 30, 2024

That said, we see our direct lending channels, as we continue to basically get momentum through our recapture investments, to continue to improve and increase.” Candidly, we have to figure out a way to get our equity price to trade where it should,” Nierenberg told analysts. “So, In September, the company raised $300 million in equity.

Equity 413

Equity Principal Mortgages Lending 413

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

FHA loan 400

FHA loan Mortgages Equity Loans 400

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 446

Equity VA loan FHA loan Mortgages 446