Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

Equity 408

Equity Loans Lending Residential 408

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgages 404

Mortgages Equity Loan Officer Loans 404

Housing Wire

APRIL 9, 2025

High mortgage rates have made moving or buying a new house less appealing, said Ebonee Johnikin, a real estate agent based in Laurel, Miss. Many baby boomers have already paid off their homes or have a low fixed mortgage that they dont want to give up. Representatives from Fairway Independent Mortgage Corp.

Equity 378

Equity Mortgages Industrial Loans 378

Housing Wire

MAY 20, 2025

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. How many of you have a mortgage first lien, 30-year with a 4% coupon or lower? trillion in available equity among U.S. homeowners and $11.5

Equity 288

Equity Loan Officer Banks Loans 288

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. had these cheap mortgages. People with expensive mortgages are more likely to sell their house.

Mortgages 466

Mortgages Finance Loans Equity 466

Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5

Equity 369

Equity Lending Loans Renovation 369

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.

FHA loan 397

FHA loan Mortgages Equity Loans 397

Housing Wire

DECEMBER 2, 2024

Mortgage rates remain high and for-sale inventory remains low, while an overwhelming majority of baby boomers (78%) stated in a survey from Redfin that they have no intention of moving out of their current homes. Older homeowners are also struggling with rising insurance premiums , particularly if they’re still paying off forward mortgages.

As-is 397

As-is Land Equity Mortgages 397

Housing Wire

JUNE 3, 2025

While reverse mortgages in the U.S. 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. But as the world keeps spinning, reverse mortgage players in other countries are making moves. based lenders have taken notice.

Mortgages 413

Mortgages Equity Banks Lending 413

Housing Wire

MARCH 31, 2025

Following a rise to an all-time high in the second quarter, senior-held home equity saw a modest decline in the third quarter and endured a more severe drop in the fourth quarter. Homeowners 62 and older saw their collective home equity levels drop by 1% in Q4 2024 to a total of $13.95 billion) increase in senior-held mortgage debt.

Equity 279

Equity Finance Mortgages As-is 279

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. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement.

Mortgages 384

Mortgages Equity Lending Loans 384

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Purchase and sale agreement 420

Purchase and sale agreement Mortgages Equity Finance 420

Housing Wire

OCTOBER 29, 2024

Economists pointed to lower mortgage rates as the reason for slower growth. Despite the Federal Reserve’s half-point interest rate cut in September, rates for 30-year conforming loans have climbed back up to 6.7%, according to HousingWire ’s Mortgage Rates Center. Is home-price growth finally cooling? gain from July.

Mortgages 461

Mortgages MLS Equity Loans 461

Housing Wire

OCTOBER 31, 2024

Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. The analysis includes first-lien mortgage originations. As part of the deal that closed Oct.

Lending 465

Lending Mortgages Loan Officer Principal 465

Housing Wire

MARCH 13, 2025

Home equity increased nationally by $281.9 year over year, according to the latest CoreLogic Homeowner Equity Report (HER), released Thursday. But the report also noted rising negative equity in some sunbelt states, along with Oregon and Washington, D.C. The average borrower had $303,000 in home equity at the end of 2024.

Equity 237

Equity Mortgages Residential As-is 237

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages 368

Mortgages Equity Lending Design 368

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 352

Equity Lending Residential Branding 352

Housing Wire

OCTOBER 29, 2024

Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. The monthly payment on the median-priced U.S.

Mortgages 414

Mortgages Equity Loans Marketing 414

Housing Wire

MAY 2, 2025

The reverse mortgage industrys premier trade association held its first event of 2025 this past week. Jim Cory To solve this, the industry will require more people talking about and originating reverse mortgages in a concerted effort to overcome the incredibly low penetration rate, he explained. But a lot of it goes unnoticed.

Mortgages 411

Mortgages Industrial Land Equity 411

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 367

Mortgages Loan Officer Equity Lending 367

Housing Wire

NOVEMBER 7, 2024

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed. The aging and demographics [provide] great opportunity.

Mortgages 369

Mortgages Equity Lending Branding 369

Housing Wire

JANUARY 2, 2025

Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. But after additional data about the month of October was released, one metric of reverse mortgage industry performance HECM case number assignments from the Federal Housing Administration (FHA) saw a surprising increase at that time.

Mortgages 389

Mortgages Equity Principal Loans 389

Housing Wire

APRIL 21, 2025

As one of only a few states considering more stringent regulation of the home equity investment (HEI)/home equity contract product category, lawmakers in the state of Washington have requested an academic study to assess the impacts on state residents who may use an HEI to tap into their home equity.

Equity 259

Equity Principal Loans Mortgages 259

Housing Wire

JANUARY 17, 2025

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. That is bad news for banks like WaFd Bank, because it has made the business of originating mortgages for our portfolio unsustainable.

Lending 384

Lending Banks Mortgages Commercial 384

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions. Guild is one example.

Mortgages 397

Mortgages Lending Loan Officer Loans 397

Housing Wire

MAY 5, 2025

San Francisco-based home equity solutions provider Unison announced Monday that it’s lowering the annual percentage rate (APR) on its Equity Sharing Home Loan, an alternative funding vehicle aimed at helping U.S. homeowners tap into record levels of equity. Rates for high-risk borrowers sometimes exceed 12%.

Equity 284

Equity Loans Mortgages Finance 284

Housing Wire

DECEMBER 9, 2024

Although no person can truly predict mortgage rates for there are several factors involved; Industry forecasts predict interest rates will hover between 5.5% Although no person can truly predict mortgage rates for there are several factors involved; Industry forecasts predict interest rates will hover between 5.5% The key takeaway?

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable.

Investor 368

Investor Mortgages Bankruptcy Equity 368

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 279

Equity Lending Mortgages As-is 279

Housing Wire

DECEMBER 27, 2024

Reverse mortgage business and mortgage business generally is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. I think that’s true from an industry standpoint.

Industrial 384

Industrial Mortgages Principal Lending 384

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 370

Loan Officer Equity Loans Brokerage 370

Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

Mortgages 367

Mortgages Equity Loans Principal 367

Housing Wire

APRIL 22, 2025

As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity , reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products. Moschner said.

Equity 318

Equity Marketing Finance Mortgages 318

Housing Wire

DECEMBER 23, 2024

Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. And some reverse-only companies have aimed to establish firmer ties with the much larger forward mortgage industry. People are talking and want to hear more.

Lending 378

Lending Mortgages Industrial Finance 378

Housing Wire

FEBRUARY 3, 2025

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target.

Due diligence 395

Due diligence Purchase and sale agreement Industrial Mortgages 395

Housing Wire

DECEMBER 5, 2024

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. mortgage holders held $17.2 trillion in equity, of which $11.2 At the end of third-quarter 2024, U.S.

Equity 357

Equity Technology Brokerage Mortgages 357

Housing Wire

NOVEMBER 13, 2024

Founder and CEO Vishal Garg made a eye-popping statement when he opined that “in the next 10 years, 99% of the (mortgage) tasks will be completed by bots and 1% by humans.” “The bulk of the tasks that are required to process a mortgage are going to be performed by AI bots over the next 10 years,” Garg said in an interview with HousingWire. “The

Mortgages 365

Mortgages Loan Officer Loans Technology 365