Housing Wire

DECEMBER 5, 2023

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. With this new integration, EasyKnock aims to provide homeowners with additional options to convert their home equity into cash.

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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. To secure regulatory clearance for the merger and the sale of Optimal Blue, the promissory note was required to be sold and Paceline acquired it.

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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.

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Equity VA loan FHA loan Mortgages 441

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.

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Equity Purchase and sale agreement Marketing Lending 421

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.

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Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. The leadership is also changing. billion goodwill impairment.

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Housing Wire

JANUARY 17, 2023

San Diego, California-based startup Splitero , which is focused on home equity investments (HEI), has raised about $12 million in a Series A funding round to expand its operations. . Homeowners have the option to repurchase the share of the house from Splitero at any time within the 30-year term via a refinance, home sale or cash buyout.

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Housing Wire

MAY 3, 2022

Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap. The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. Point raised about $30.4

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Equity Investor Loans Residential 432

Housing Wire

OCTOBER 27, 2023

With this latest vesting schedule, team leaders who onboard will receive a non-cash equity award proportionate to their previous 12-month production, according to a news release. “As With the addition of Thrive, we are offering teams an accelerated equity opportunity.

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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.

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Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Equity Unlocker is currently available in Florida, New York and Washington state.

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Equity Pre-approval Loans Finance 384

Housing Wire

SEPTEMBER 26, 2023

The proposed rule would establish an additional exception to the restrictions for loans on properties with PTFCs, and related securities, if the loans meet certain shared equity loan program requirements for Resale Restriction Programs in FHFA’s Duty to Serve Underserved Markets Regulation (Duty to Serve Regulation),” the entry reads.

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Equity Mortgages Banks Loans 421

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

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Equity Purchase and sale agreement Loan Officer Lending 466

Housing Wire

APRIL 8, 2021

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Over the past five years, more than $1.2

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Equity Short sale MLS Sales 432

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. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

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Equity Marketing Debt-to-income ratio Lending 370

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.

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Equity Title Technology Inspection 397

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. HousingWire: In a rising rate environment where a large percentage of homeowners have record-low mortgage rates secured, the lending industry is turning an eye to home equity.

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Housing Wire

MARCH 9, 2021

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

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Equity Brokerage As-is Mortgages 479

Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Learn about the tools lenders should leverage to streamline home equity title and closing. The loans are serviced by Rushmore Loan Management Services.”. for 2021-HE2.

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Equity Investor Marketing Title 409

Housing Wire

DECEMBER 11, 2023

Residential sale-leaseback platform EasyKnock is under fire from the Massachusetts Attorney General’s office. In a news release last Tuesday, Attorney General Andrea Joy Campbell announced that she had entered into a settlement with EasyKnock for what her office alleged was deceptive practices that stripped consumers of their home equity.

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Sales Equity Residential Technology 404

Housing Wire

JULY 28, 2022

Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? HW : What are the main benefits of Equity Shield?

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Equity Title Banks Title search 384

Housing Wire

DECEMBER 7, 2021

Record home price appreciation in recent years has pushed tappable home equity to new heights. According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion dollar increase in tappable equity—a record. of available equity entering the quarter, the report said.

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Equity Principal Mortgages Closing 450

Housing Wire

SEPTEMBER 21, 2020

year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic. Record-low mortgage rates and constricted sale inventory cast the perfect storm for home prices which rose 4.3%

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Equity Mortgages Loans As-is 504

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

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Equity Marketing Investor Finance 368

Housing Wire

FEBRUARY 7, 2024

Census Bureau data on housing inventory estimates details two cycles this decade – the onset of the pandemic and the rise of interest rates – that have been catastrophic for the nation’s for-sale housing inventory. The number of owner-occupied homes skyrocketed, quickly depleting the number of vacant for-sale homes.

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Sales Mortgages Equity Marketing 432

Housing Wire

MAY 2, 2023

In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. Of course, the fewer homes there are for sale, the harder it becomes to find a home that is better than the home you already own. The result is fewer sales. To register, go here.

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Sales Marketing Equity Mortgages 397

Housing Wire

MARCH 5, 2024

We estimate that an MSR sale could benefit CET 1 by 10-15 bp.” Measured by its common equity tier 1 (CET1) ratio, the bank’s capitalization fell to 9.1% Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 billion, analysts wrote in a report on Monday.

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Sales Banks Principal Loans 440

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

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Sales Mortgages Loan Officer Loans 421

Housing Wire

MAY 14, 2024

We have not really seen much change in our business recently, because a lot of what we do with the advisers involves using home equity for strategic planning purposes, and that doesn’t really go away in high interest rate environments. Chris Clow/RMD: The reverse mortgage business in general is going through a time of reduced volume.

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Equity Finance Industrial Mortgages 431

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

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Sales Mortgages Loans Loan Officer 384

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

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Sales Mortgages Principal Equity 431

Housing Wire

OCTOBER 1, 2021

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity. mortgage holders. mortgage holders.

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Equity Short sale Loans Mortgages 295

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably. Confused by this? Housing inventory.

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Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. Nominations for HousingWire’s Vanguards are now open through Friday, July 22, 2022.

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Equity Mortgages Lending As-is 370

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. A unified name has not yet been determined and Sales Boomerang and Mortgage Coach will continue to operate as distinct brands, for now, the companies said.

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Housing Wire

MAY 17, 2024

Scarpati is a 20-year reverse mortgage industry veteran, having joined Senior Lending Network in 2003 as vice president of sales for the company’s wholesale and lead distribution divisions. NRMLA President Steve Irwin said he is looking forward to Scarpati’s contributions. “I

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HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” Looking to sell a house “as is” in Virginia? Skip repairs and close in as few as 10 days.

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As-is Inspection Equity Renovation 108