Housing Wire

NOVEMBER 14, 2024

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. People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said.

Investor

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

Housing Wire

APRIL 10, 2025

So that was the original justification for the [Home Equity Conversion Mortgage ( HECM )] portfolio coordination strategy. In this kind of interest rate environment, you’re looking at probably around 40% of the home value, up to the lending limit as an initial line of credit principal limit, he said.

Mortgages

Housing Wire

FEBRUARY 6, 2025

Around the same time , Rithm also struck a $720 million deal for Computershare Mortgage Services and its subsidiary, Specialized Loan Servicing , which brought $136 billion in unpaid principal balance (UPB) to Rithms servicing book. Sculptor added another $1 billion in assets during the past year, according to the 2024 earnings report.

Loans

Housing Wire

OCTOBER 30, 2024

This resulted from a portfolio of $878 billion in unpaid principal balance (UPB), including $755 billion in mortgage servicing rights (MSRs) owned by the company. Candidly, we have to figure out a way to get our equity price to trade where it should,” Nierenberg told analysts. “So, billion without raising any equity. “As

Equity

Housing Wire

FEBRUARY 27, 2025

CoreLogic data shows that the percentage of mortgage borrowers who pay more for their taxes and insurance than their principal and interest has risen from 2% roughly a decade ago to nearly 10% today. That has changed. When it comes to what’s causing the rapid rise in insurance costs, Hepp sees six key drivers.

Equity

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” “[PennyMac] is well-rounded. .”

Marketing

Housing Wire

NOVEMBER 15, 2024

A shift in Rocket Mortgage’s MSR strategy Through the third quarter, Rocket has already acquired or committed to over $70 billion in unpaid principal balance for its servicing portfolio —a 15% increase over year-end 2023. “Our scalable tech platform is what empowers us to navigate dynamic markets with agility.

Mortgages

Housing Wire

NOVEMBER 5, 2024

In August, loanDepot added a first-lien home equity line of credit (HELOC) to its product suite, enabling homeowners without a mortgage to borrow from their home equity. Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” It will also exclude broker-network borrowers from the company’s outbound marketing campaigns. Broker Protect is viewed as a way to do that.

Principal

Housing Wire

JULY 14, 2025

Committed to two channels In an interview on HousingWire’s Power House podcast, Guild CEO Terry Schmidt said that Bayview operates in areas such as personal credit, insurance, home equity and non-QM loans — verticals that could bring new customers and product options for Guild LOs. Are they going to treat the Lakeview portfolio that way?

Mortgages

Housing Wire

JUNE 6, 2025

Tom O’Donoghue, principal with Reverse Loans Now , has multiple clients impacted by the recent wildfires and said the program would help. California Gov. Gavin Newsom (D) on Thursday announced that the CalAssist Mortgage Fund will launch on June 12. The guidelines also extend the qualifying disaster period back from Jan. 1, 2023 to Jan.

Mortgages

Housing Wire

JANUARY 31, 2025

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 It’s an about-face for PennyMac after it posted a net loss of $36.8 million in Q4 2023. For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023.

Principal

Housing Wire

APRIL 1, 2025

This is roughly in line with other proprietary product offerings in the space from companies such as Finance of America (FOA), Longbridge Financial , University Bank , Smartfi Home Loans and Nationwide Equities. The product line, known as SecureEquity, is available to homeowners as young as age 55.

Mortgages

Housing Wire

JULY 31, 2025

” The company also experienced “strong growth” in refinance volume, he said, while home equity loan originations nearly doubled year over year, setting new records for units and volume. Rocket is adding nearly 150 loan officers from Bay Equity Home Loans , a Redfin subsidiary, enhancing its presence in local markets.

Equity

Housing Wire

APRIL 24, 2025

While the existing base of clients are appreciative of the inclusion of the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ), Cabe heard from users that they also wanted a proprietary option included. Principal limit factors] change and programs change often, so it’s difficult to tackle that one.

Mortgages

The Close

NOVEMBER 7, 2024

Investing in real estate may seem as simple as buying a property and collecting money, but it is far more complicated than that. Don’t stop reading, though. I said it was complicated, not impossible! This beginner’s guide will help you understand how to invest in real estate successfully, one step at a time.

Hard money loan

The Mortgage Report

JULY 8, 2025

What Are the Different Types of Home Equity Loans and Which Is Best? By Valencia Higuera Reviewed By Aleksandra Kadzielawski July 8, 2025 - 5 min read Key Takeaways There are several ways to tap your home’s equity: fixed-rate loans, variable HELOCs, HELOCs with conversion, cash-out refinancing, and home equity agreements.

Equity

Marco Santarelli

DECEMBER 20, 2024

With a better financial profile, you might qualify for a loan with a shorter term, helping you build equity faster and own your home sooner. It's all about finding a better deal and saving money in the long run. Now, lets dive deeper into understanding this process. When is the Best Time to Refinance Mortgage? Why Refinance?

Mortgages

The Residential Specialist

MAY 12, 2025

Equity Grows with Every Payment Mortgage amortization means each payment reduces the principal balance owed, increasing home equity automaticallya financial advantage renters dont have. By Pat Zaby For many buyers, the mortgage ratesof the last few years created an expectation that anything above 5% feels too high.

Mortgages

The Close

NOVEMBER 25, 2024

Before diving into the exciting world of house flipping, starting with a solid foundation is essential. This means putting together a detailed business plan that covers everything from getting your operations set up and building your team to evaluating properties and securing funds for your projects.

House Flipping

Marco Santarelli

DECEMBER 12, 2024

for principal and interest. This loan term can lead to significant interest savings over time, making it a popular choice among those who aim to pay off their mortgage equity more quickly. 30-Year Fixed Rate: Now at 6.73% , down from 6.79%. 15-Year Fixed Rate: Decreased to 6.03% , down from 6.09%.

Mortgages

Housing Wire

OCTOBER 15, 2024

The deal includes Home Equity Conversion Mortgages (HECMs) and mortgage servicing rights (MSRs) with an estimated $3 billion in unpaid principal balance (UPB). The parties entered into an agreement on Oct. The MSRs are currently subserviced by Onity subsidiary PHH Mortgage Corp. On Tuesday morning, Onity was trading near $30 per share.

Principal

The Mortgage Report

JUNE 17, 2025

These accounts are FDIC-insured for up to $250,000 per account holder, so your principal is protected even if the bank fails. How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? If your timeline is 5+ years, investing in stocks or ETFs could help your money grow faster but comes with more risk.

FHA 203k rehab loan

AAOA

APRIL 28, 2025

Plus, property values tend to appreciate over the long term, helping you build equity and net worth effortlessly. With a property manager handling tenant issues, she now earns a positive cash flow while building long-term equity. Over time, as rent prices increase and your mortgage balance decreases, your cash flow potential improves.

Property Management

Calculated Risk Real Estate

MARCH 13, 2025

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. million homes or 2% of all mortgaged properties.

Closing

The Mortgage Report

JULY 11, 2025

How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? Answers have been edited for brevity and clarity. Verify your home buying eligibility. Start here In this article (Skip to…) What is special about Q3’s housing market Is it smart to buy with all the government uncertainty?

FHA 203k rehab loan

Housing Wire

OCTOBER 31, 2024

He became principal EVP in 2023 before being named acting president upon McCargo’s resignation. Ginnie Mae acting president Sam Valverde has been operating in his current position at the government-owned company for much of 2024. As you know, we requested $67 million for salaries and expenses for fiscal year 2025,” he said. “I’m

Principal

Marco Santarelli

MARCH 31, 2025

This means your principal and interest payment never changes, offering predictability which many homeowners value. People refinance for various reasons: to get a lower interest rate, to shorten their loan term, to switch from an adjustable-rate to a fixed-rate loan, or to tap into home equity (cash-out refinance).

Mortgages

Redfin

JUNE 13, 2025

Buying your second home comes with experience on your side and valuable advantages: financial history, equity from your current home, and a clearer sense of what you want. Consider financial tools like bridge loans or home equity loans for your new home’s down payment before your current one sells. In short, yes—and no.

Debt-to-income ratio

Marco Santarelli

MARCH 16, 2025

Refinancing can be a smart move to lower your monthly payments, shorten your loan term, or even tap into your home equity. Are you keeping an eye on mortgage rates today? For March 16, 2025, the news is that mortgage rates have seen a slight uptick. 15-Year Fixed Mortgage Rate: Averaging 5.93% , increased by 15 basis points.

Mortgages

Redfin

JULY 23, 2025

In addition to repaying the principal amount of the loan, the monthly mortgage payment includes additional costs that can vary based on location and mortgage type. In addition to repaying the principal amount of the loan, the monthly mortgage payment includes additional costs that can vary based on location and mortgage type.

Mortgages

Marco Santarelli

MAY 8, 2025

Understanding Today's Mortgage Refinance Rates Just as important as the rates for purchasing a new home are the mortgage refinance rates for those looking to potentially lower their monthly payments, shorten their loan term, or tap into their home equity. 15-Year Fixed Rate: Currently sitting at 5.97% , a decrease of six basis points.

Fixed-rate mortgage

Marco Santarelli

JULY 21, 2025

Rates Impact : Slight increases in refinance rates may affect homeowners looking to tap equity. Current Refinance Rates Overview Refinancing allows homeowners to replace their existing mortgage with a new one, often to benefit from lower rates or tap into home equity. If rates drop to the predicted 6.4%

Mortgages

Redfin

JULY 23, 2025

Faster equity: Putting more money down means you build equity in your home more quickly. Establishes the buyer’s immediate equity in the property. Establishes the buyer’s immediate equity in the property. Reduces the mortgage principal, leading to lower monthly payments and total interest over time.

FHA loan

Marco Santarelli

MARCH 13, 2025

As of today, March 13, 2025, mortgage rates have increased slightly in response to the latest inflation data, with the 30-year fixed mortgage rate now at 6.34% and the 15-year fixed rate at 5.65%. Inflation Influence : Rates reacted to February's Consumer Price Index (CPI), which shows a year-over-year inflation increase of 2.8%. 20-year fixed 6.11

Mortgages

The Close

JULY 16, 2025

Utilize installment sales (seller financing) Also called owner financing, this is a method in which the seller provides money to a buyer thanks to the equity in the property. But what exactly is it? You see, when you sell real estate, the profit is referred to as capital gains. In this scenario, they can’t exclude the gain.

Sales