Housing Wire

OCTOBER 23, 2024

United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. Cash-out refis have gained popularity due to record-high home equity levels in recent years. UWM has debuted a new cash-out refi product without mortgage insurance.

Equity

Housing Wire

APRIL 8, 2025

Those additional streams include equity incentives, revenue sharing, and JV opportunities in title services. Learning from industry giants Over the years, real estate firms have shone a pattern of several years of ascent followed by a plateau. Doubling down on tech innovation With dramatic growth comes the next evolution of the firm.

Brokerage

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 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). They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away.

Mortgages

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

FEBRUARY 6, 2025

The importance preparing yourself with non-QM options The mortgage industry is fickle. Luck and success favor the prepared and that fact remains in the mortgage industry. 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

JUNE 10, 2025

2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers. Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity

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. Second, the Rocket/Mr. ”

Title

Housing Wire

FEBRUARY 18, 2025

Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. Heartland Bank is the largest provider by a vast majority.

Banks

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 ). 1 on last month’s industry leaderboard with 554 loans. It was also No.

Mortgages

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. Ruimy: The BPL sector is a very fragmented industry with a lot of different players.

Residential

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. The second step is to understand the landscape of existing equity release product offerings.

Mortgages

Housing Wire

FEBRUARY 21, 2025

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. But that has required leadership, and the leadership at MBA, I think, should be complimented for taking a fresh look at the product, the industry and the program.

Mortgages

Housing Wire

MAY 19, 2025

In November, Chicago-based mortgage lender Rate formerly known as Guaranteed Rate announced that it was revamping its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Jesse Allen Most of what we’re focused on now is riding the wave daily, Allen said.

Mortgages

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

JUNE 13, 2025

Private equity giant Blackstone conducted the Stearns Lending bankruptcy process after acquiring a majority stake in parent company Stearns Holdings in 2015. When costs rise… As costs rise across the mortgage industry, lenders like Kind are doubling down on efficiency — without compromising service. He’s not wrong.

Mortgages

Housing Wire

MAY 13, 2025

The company said AI-powered underwriting now supports 75% of its locked loans up from just over 40% immediately after its launch and is helping loan officers close more than three times the mortgage industry median per month. ” In addition to recruiting, Better is now licensing Tinman to banks.

Purchase and sale agreement

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

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. But insurance companies arent the only players taking note of the potential here, and we could see banks re-enter the non-QM space.

Banks

Real Estate News

JULY 18, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Lanette Behiry/Real Estate News Industry Homeownership education needs a reboot — and a new messenger Loan officers and financial advisors need to meet aspiring buyers where they are as many increasingly turn to social media for home financing advice.

Loan Officer

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55.

Mortgages

Housing Wire

MAY 7, 2025

And if Craig Ungaro’s experience is any indication, the dynamic will pose a very different challenge for independent mortgage banks. For IMBs, this signals increased state scrutiny in areas such as loan fees, loan officer licensing and compensation and community investment, industry attorneys and executives told HousingWire.

Mortgages

Housing Wire

OCTOBER 22, 2024

Line of credit One such misconception touched on during the event focused on the Home Equity Conversion Mortgage ( HECM ) line of credit feature. It’s similar to the interest you earn on a bank account. …” The sentence was immediately interrupted by the shriek of a whistle, which surprised even the presenters themselves.

Mortgages

The Close

NOVEMBER 7, 2024

Conventional loans: These can be obtained from a credit union or a bank. Home equity line of credit (HELOC): If you already own a property with significant equity, you can use a line of credit against that equity to fund your real estate investments. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan

The Close

NOVEMBER 26, 2024

Lenders prefer to see fully stabilized properties when you’re looking for home equity loans or lines of credit. When considering multiple rental properties, prioritize positive cash flow over equity and appreciation since those can change significantly. Shop around, as some may have lower starting rates.

Finance

BAM Media

DECEMBER 12, 2024

Aside from farming with postcards and door knocking , door hangers are yet another inexpensive tactic you can use to get in front of your audiencemaking them especially appealing to agents without deep pockets but not opposed to investing in a little sweat equity. With them, you can reach a broad local audience without breaking the bank.

Equity

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers.

Mortgages

Housing Wire

APRIL 22, 2025

Spector added that the company produced annualized operating return on equity of 15% that was “driven by continued strength in our servicing business and a solid contribution from our production segments despite elevated mortgage rates.” “We are uniquely positioned in the industry. million in Q4 2024 and up from $23.7

Principal

The Close

NOVEMBER 25, 2024

This means picking the proper legal structure, like an LLC, registering your business, and setting up separate bank accounts. Open a Business Bank Account Once you have your EIN, set up a business bank account to separate your personal and business finances.

House Flipping

Inman

APRIL 2, 2025

Shares in cloud banking solutions provider hit new all-time low after company posts guidance that revenue from the company's main line of business could shrink by as much as 7 percent this year.

Investor

The Close

NOVEMBER 25, 2024

Unlike most banks, most hard money lenders understand that properties have more potential after repairs, so they’ll lend based on after-repair value (ARV)⁠. These agreements can function as lease-to-own agreements or, more traditionally, standard loans, with the seller serving as the “bank.”

Purchase and sale agreement

Marco Santarelli

DECEMBER 29, 2024

When the Fed lowers its benchmark rates, it becomes cheaper for banks to borrow money. However, banks set their loan rates based on other factors, including risk and market conditions. Refinancing can be an effective way to lower your interest rate, reduce your monthly payments, or take cash out of your existing home equity.

Mortgages

The Close

DECEMBER 18, 2024

Baselane is a new banking platform built specifically for independent landlords. It offers free banking, free rent collection, and free bookkeeping and reporting tools from one simple-to-use platform. They offer accessible access to industry insights and trends, enabling flexible learning. Visit Baselane 6.

Commercial

RIS Media

DECEMBER 4, 2024

Ayoub Rabah, regional vice president of the Midwest for Coldwell Bank Realty, was named one of RISMedia’s 2024 Real Estate Newsmakers earlier this year.

Equity

The Close

NOVEMBER 12, 2024

Inexpensive entry: Vacant land can be affordable to buy, and if you wait for it to appreciate, you can build equity. Industrial: Warehouses for storage, discount wholesale stores, lumber yards, or factories. Banks also view raw land as riskier, making financing more difficult. Can I buy land with no money down?

Land

AAOA

MARCH 24, 2025

The appreciation that the property witnesses over time can help leverage your equity to invest in other properties. Consider partnering with a local real estate agent who knows your desired areas housing market, industry trends, and rental dynamics. The Seller It will also help to see who the seller is.

Property Management

Rochester Real Estate

NOVEMBER 5, 2015

An appraisal gap occurs when there is a difference between the contract price of the home and the fair market value the bank appraiser puts on the property. In circumstances where there is insufficient equity in the property, the lender wants to know they are protected. He works for RE/MAX Executive Realty in Hopkinton Massachusetts.

Purchase and sale agreement