Housing Wire

OCTOBER 18, 2024

New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs). In many cases, roles were similar or duplicative.

Banks

Housing Wire

NOVEMBER 1, 2024

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation , home renovation and student loan repayment. Deephaven believes it’s ahead of competitors on this offering because it offers full-documentation and bank-statement options.

Equity

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). But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.

Mortgages

Housing Wire

JUNE 18, 2025

Silicon Valley Bank (SVB), a division of First Citizens Bank , and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. This new facility will allow us to help more customers with a smoother transition from their old home to the next.”

Banks

Housing Wire

OCTOBER 10, 2024

Mortgage lenders can also benefit from these projects through a variety of products, including home equity lines of credit (HELOCs). The vast amount of home equity accumulated across the country could be a path to addressing these issues. And there are now 32 million borrowers who have at least $100,000 in tappable equity.

Renovation

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Bankruptcy

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 in Canada , the second-largest reverse mortgage provider Toronto-based Equitable Bank is seeing notable growth, according to a recent earnings report.

Mortgages

Housing Wire

JUNE 9, 2025

According to the Federal Reserve Bank of New York, credit card delinquency (60+ days past due) reached 3.5% High debt and low equity: Key warning signs Several catalysts could spark a housing market correction in 2025. in 2025 2 could pose risks for high loan-to-value (LTV) borrowers who have minimal home equity. Zillow, 2025 5.

Marketing

Housing Wire

JANUARY 22, 2025

For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity. Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount.

Proof of funds

Housing Wire

OCTOBER 16, 2024

The new product, dubbed Conventional Cash-Out 90, allows borrowers to tap into an additional 9.99% of their home’s equity without the coverage, the company said. UWM said the product helps “homeowners take full advantage of today’s record-high home equity.” The offering has some limitations.

Mortgages

Housing Wire

MAY 21, 2025

Home prices in the areas impacted by 2012s Hurricane Sandy show that they had fallen 14% annually over the five years preceding the disaster, eroding equity and options once the hurricane made landfall and devastated the Mid-Atlantic region.

Principal

Housing Wire

APRIL 10, 2025

It is at the intersection of business, banking, and the economy. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field. Under certain circumstances, we have provided interest rates or other types of relief, but it does require the commitment of additional equity.

Investor

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

Housing Wire

MAY 28, 2025

Arrive Home has launched two new iterations of its Earned Equity Program (EEP), which helps consumers achieve homeownership through a long-term purchase contract. EEP DocLights asset-based risk model reviews profit-and-loss or bank statements, but it does not require tax returns or a FICO score.

Equity

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. How much will borrowers pay?

Equity

Housing Wire

APRIL 8, 2025

Those additional streams include equity incentives, revenue sharing, and JV opportunities in title services. Doubling down on tech innovation With dramatic growth comes the next evolution of the firm. That, says Poleg, is to double down on technology.

Brokerage

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

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

Marketing

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

Banks

Housing Wire

FEBRUARY 6, 2025

If that isnt spectacular enough, Deephaven offers interest-only options for maximum property cash flow alongside cash-out solutions to consolidate debt and unlock equity. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. These loans go up to $2.5

Loans

Housing Wire

FEBRUARY 26, 2025

What they found was a product type that had yet to reach their shores in the form of the Home Equity Conversion Mortgage (HECM) for Purchase (H4P). This level of government involvement and interaction, the Heartbank Bank officials said, was a surprise compared to the way business is conducted in their part of the world.

Mortgages

Housing Wire

MAY 2, 2025

billion in secured revolving bank financing lines. Its debt-to-equity ratio was 3.4 The company expects to close the transaction on May 8. At the end of March, PennyMac had $4 billion in unsecured debt, $1.7 billion in secured term notes and loans, and $5.2 times, slightly lower than its target of 3.5

Finance

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. We tell all of our franchise owners not to forget about banks, lenders and loan originators, he said.

Inspection

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

DECEMBER 2, 2024

In August 2023 , the bank announced the launch of the program in eight major U.S. Eligible buyers can combine the bank’s down payment grant with other programs, which could result in up to $15,000 for closing costs and a down payment. At the time of its launch, the bank committed $210 million to helping minority families.

Lending

Housing Wire

MAY 9, 2025

With a pipeline nearly double what it was a year agoand demand coming from across the industry, from leading banks and mortgage servicers to independent mortgage banks and credit unions its clear the need for effortless, personalized banking and lending is only growing. ”

Title

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. I think [about] five years ago, banks were still extremely active in the sector.

Residential

Housing Wire

APRIL 10, 2025

Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. Unlike existing owners, these buyers have no low-rate loan to protect, no equity to leverage, and no fallback. Prices remain stubbornly high, even as borrowing costs rise.

Design

Housing Wire

JULY 18, 2025

SecureEquity+ is the company’s initial entry into the proprietary reverse channel, which offers expanded borrower eligibility guidelines compared to the federally insured Home Equity Conversion Mortgage ( HECM ). The product is available to borrowers as young as 55 in states that allow for it, and loan amounts range up to $4 million.

Mortgages

Housing Wire

APRIL 17, 2025

The senior preferred position in these companies has been economically repaid, delivering an internal rate of return of 11.6%, Ackman said during a webinar hosted by investment bank Keefe, Bruyette & Woods (KBW) earlier this week.

Pre-approval

Housing Wire

FEBRUARY 18, 2025

HousingWire s Reverse Mortgage Daily (RMD) had a chance to meet up with Medina Cicak, Heartland Bank s chief commercial officer in Australia , and Keira Billot, the New Zealand -based general manager of retail and reverse mortgages. In New Zealand, there are only two main providers of reverse mortgages, both are banks, they said.

Banks

Housing Wire

APRIL 28, 2025

“They’ve been able to compete with banks and credit unions, and so that’s been a big win for us. 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

APRIL 4, 2025

Clients with current in-process Home Equity Conversion Mortgage ( HECM ) applications can shift their application to a Platinum product if they choose, but it would require some application processes to be revisited. Other lenders active in the proprietary space include University Bank , Smartfi Home Loans and Nationwide Equities.

Mortgages

Housing Wire

NOVEMBER 15, 2024

Independent mortgage banks and private capital investors remain highly active in the MSR market, using servicing rights as a cash-flow tool. Krishna expressed confidence in the housing market’s fundamentals, pointing to increasing inventory levels and high homeowner equity. Obviously, the housing market is a big part of the GDP.

Mortgages

Housing Wire

MARCH 17, 2025

In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment. Congress clearly laid out Ginnie Maes authority to pool backing securities that the company guarantees, the bank argued.

Banks

Housing Wire

APRIL 29, 2025

seniors, and how the Home Equity Conversion Mortgage ( HECM ) program can be a tool for older Americans confronted by high costs on a fixed income. Mike Crapo (R-Idaho), who is seen as a lawmaker who understand the dynamics of the HECM program, as well as Banking Committee member Sen. Mike Flood (R-Neb.), NRMLA also met with Sen.

Industrial

The Mortgage Report

JULY 4, 2025

Home equity loans offer fixed rates and lump sums, good for planned expenses. Reverse and shared equity options skip monthly payments but may cost more long term. Check your best options to tap home equity. Let’s explore the cheapest way to get equity out of your house. Check your best options to tap home equity.

Equity