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 380

Equity Debt-to-income ratio Mortgages Investor 380

Housing Wire

FEBRUARY 24, 2025

The ongoing legal dispute between Texas Capital Bank (TCB) and Ginnie Mae added a new chapter this week. The bank is opposing a government request for a summary judgment that would hand a victory to Ginnie Mae, according to court filings reviewed by HousingWire s Reverse Mortgage Daily (RMD). 10 for all remaining claims in this case.

Banks 316

Banks Mortgages Lending Equity 316

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 418

Mortgages Equity Banks Lending 418

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 450

Renovation Equity Lending Banks 450

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 278

Equity Design Banks Mortgages 278

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 407

Mortgages Equity Loan Officer Loans 407

Housing Wire

AUGUST 31, 2023

NexTier , the holding company of NexTier Bank , will acquire Mars Bancorp , the holding company of Mars Bank. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6

Banks 397

Banks FHA loan Lending Equity 397

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 466

Equity Lending Banks Loans 466

Housing Wire

SEPTEMBER 4, 2024

With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. Keynova’s report reviewed the digital capabilities and user experiences at 12 of the top bank and nonbank lenders in the country. Bank and Wells Fargo.

Equity 431

Equity Lending Banks Loans 431

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. of banks reported to have tightened standards on government residential mortgages, the report showed. Responses were received from 62 domestic banks and 19 U.S.

Lending 479

Lending Banks Mortgages Loan Officer 479

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 410

Mortgages Equity Loans Banks 410

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 438

Marketing Debt-to-income ratio Fixed-rate mortgage Loans 438

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 448

Lending Equity Banks Loans 448

Housing Wire

AUGUST 8, 2024

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial , has struck a deal to acquire Greenwoods Financial Group , the owner of Greenwoods State Bank. Greenwoods State Bank will be owned by a single individual, pending regulatory approval and board vote.” advised Greenwoods State Bank.

Banks 441

Banks Equity Mortgages Loans 441

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 479

Residential Lending Banks Mortgages 479

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 421

Bankruptcy Equity Hard money loan Finance 421

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 370

Proof of funds Equity Technology Banks 370

Housing Wire

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Hoffman has spent more than 30 years in mortgage banking, 22 of them at Flagstar, where he started as an account executive. TPO is the bank’s main source of mortgages. Last year’s volume declined 29.5% billion last year, down 41.6%

Banks 418

Banks Lending Equity Commercial 418

Housing Wire

JULY 16, 2024

Mortgage production increased at Bank of America (BofA) in the second quarter of 2024 compared to the previous three months, but the bank’s home loan volumes were still lower than those delivered in the same period last year. BofA’s loan production in the home equity arena also increased on a quarterly basis.

Banks 401

Banks Mortgages Equity Loans 401

Housing Wire

NOVEMBER 7, 2023

In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market.

Banks 450

Banks Mortgages Marketing Lending 450

Housing Wire

NOVEMBER 2, 2023

Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits.

Banks 421

Banks Mortgages Loan Officer Loans 421

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 a review of bond-rating and industry reports.

Equity 421

Equity Purchase and sale agreement Marketing Lending 421

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 284

Brokerage Banks Technology Title 284

Housing Wire

APRIL 19, 2024

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank of America (BofA). trillion on sub-4% loans, keeping the CLTV below 75%,” the group added.

Equity 466

Equity Finance Loans Banks 466

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. Institutions can finance their SFR mortgage loans through the Federal Home Loan Banks (FHLB) system and major money center banks, further enhancing their liquidity positions.

Residential 466

Residential Equity Mortgages Purchase and sale agreement 466

Housing Wire

MARCH 8, 2024

In remarks made Thursday to the Senate Banking Committee this week, Federal Reserve Chair Jerome Powell said he expects some U.S. banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. There will be bank failures, but not the big banks.”

Banks 473

Banks Commercial Residential Lending 473

Housing Wire

MARCH 19, 2024

Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology ’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday. That is a common goal we share.

Technology 421

Technology Banks Mortgages Equity 421

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 303

Principal Equity Banks Mortgages 303

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. Figure and the banks declined to comment. JP Morgan Chase & Co. and Jefferies Financial Group Inc.

Lending 431

Lending Banks Equity Technology 431

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.

Equity 421

Equity Mortgages Banks Loans 421

Housing Wire

OCTOBER 24, 2023

Trade groups and fair housing associations applauded the changes, including the extension of the implementation timeline and recognition of Special Purpose Credit Programs (SPCPs) in a bank’s CRA rating. Meanwhile, some associations say the new rule did not make the racial wealth equity goals of the law explicit enough.

Banks 406

Banks Lending Equity Development 406

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 373

Equity Principal Development Mortgages 373

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. Targeting a 10% CET1 ratio, the bank cut its quarterly dividend from $0.17

Equity 405

Equity Mortgages Banks Commercial 405

Housing Wire

MAY 13, 2025

After lawsuit challenging the governments authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae , the plaintiff in the case has made good on its promise to appeal the decision. Court of Appeals for the Fifth Circuit.

Banks 201

Banks Mortgages Equity Industrial 201

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 395

Marketing Lending Branding Banks 395

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 384

Lending Closing costs Banks Equity 384

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 247

Lending Equity Banks Construction 247