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

FEBRUARY 10, 2021

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Pamela Perry.

Equity 527

Equity Fixed-rate mortgage Investor Development 527

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. Moreover, the prolonged high-interest-rate environment is leading to lower refinancing rates, which extends the duration of cash flows that investors can expect from these assets.

Residential 466

Residential Equity Mortgages Purchase and sale agreement 466

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. A more rigid regulatory framework created by Dodd-Frank and other post-GFC era legislation put investors at ease.

Banks 384

Banks Due diligence Residential Investor 384

Housing Wire

OCTOBER 23, 2024

Despite eliminating MI, the company has set credit scores and DTI limits that its investor partners are comfortable with to balance risk while expanding the product’s appeal. Cash-out refis have gained popularity due to record-high home equity levels in recent years. How much will borrowers pay?

Equity 421

Equity Loans Mortgages Loan Officer 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

FEBRUARY 6, 2025

Key non-QM products for 2025 Before 2025 continues, lenders should arm themselves with the right tools for tackling the market: Investor loans Investing is the vehicle to success for homeowners in the market. million, so its primed and ready to meet the needs of most property investors. How are real estate investors responding?

Loans 301

Loans Mortgages Equity Construction 301

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 350

Residential Lending Finance Banks 350

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 245

Lending Equity Banks Construction 245

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 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 430

Lending Banks Equity Technology 430

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. 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.

Equity 403

Equity Mortgages Banks Commercial 403

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 441

Equity Finance Purchase and sale agreement Investor 441

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. Effectively, there will be an explicit government backstop of hundreds of billions on top of the 2.5%

Pre-approval 532

Pre-approval Mortgages Equity Banks 532

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 384

Equity Lending Loans Banks 384

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. The bank expects to improve its loan-to-deposit ratio by 150 basis points by the end of 2023.

Banks 368

Banks Lending Finance Investor 368

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384

Housing Wire

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Acquisition Corp. United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Banks 409

Banks Mortgages Due diligence Technology 409

Housing Wire

MARCH 23, 2022

This is the second new non-QM product the Pontiac-based lender has launched this month – the wholesale lender also unveiled a bank statement loan product for self-employed borrowers. According to UWM, the product called Investor Flex is a 30-year fixed Debt-Service Coverage Ratio (DSCR) loan option for real estate investors.

Investor 384

Investor Loans Equity Banks 384

Housing Wire

MAY 12, 2025

From your perspective, what (big picture) conditions are driving demand for closed-end second loans, home equity loans and HELOCs right now? Instead, these people are renovating or making improvements by tapping into their equity. In todays market, real estate investors dont want to touch that first low interest lien.

Loans 291

Loans Investor Renovation Equity 291

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.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets.

Equity 395

Equity Proof of funds Pre-approval Investor 395

Housing Wire

SEPTEMBER 26, 2023

On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day. “[Our goal is ] Having a unified platform that can serve all the products that a bank can offer.

Banks 421

Banks Mortgages Loans Investor 421

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 372

Investor Sales Mortgages Loan Officer 372

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

Banks 410

Banks Mortgages Loan Officer Due diligence 410

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 369

Mortgages Equity Loans Principal 369

Housing Wire

APRIL 28, 2025

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

Marketing 371

Marketing Principal Mortgages Loans 371

Housing Wire

MARCH 20, 2024

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week. JP Morgan Chase & Co. and Jefferies Financial Group Inc. — to take its lending division, LendCo , public.

Lending 420

Lending Equity Technology Banks 420

Housing Wire

AUGUST 27, 2020

Federal Reserve Chairman Jerome Powell on Thursday announced a major shift in monetary policy that will allow the central bank to use inflation averaging, rather than the current practice of setting a hard target. Inflation fears also boost yields on Treasuries, which are used as a benchmark for MBS investors.

Mortgages 496

Mortgages Banks Investor Lending 496

Housing Wire

JULY 1, 2024

By 2024, in addition to owning more than double their share of all real estate, the Top 20% of incomes held 87% of all corporate equities and mutual funds. Equity management firm Carta found that most employees do not exercise stock because of cost and financial risk.

Equity 528

Equity Banks Finance Investor 528

Housing Wire

JANUARY 28, 2021

That’s a significant downsizing from the $250 million its private equity backers planned to raise through the sale of 12.5 Home Point Capital itself is not selling any shares in the offering, but funds affiliated with its private equity backer Stone Point Capital are cashing out. million dollars in its IPO on Friday.

Equity 533

Equity Loans Lending Banks 533

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 228

Design Marketing Fixed-rate mortgage Finance 228

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 154

Investor Banks Lending Equity 154

Housing Wire

FEBRUARY 28, 2024

Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Debt-to-income ratio 429

Debt-to-income ratio Mortgages Banks Equity 429

Housing Wire

FEBRUARY 3, 2025

Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc.

Mortgages 392

Mortgages Title Lending Loans 392

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

MAY 13, 2025

is betting big on artificial intelligence and strategic partnerships to drive growth, CEO Vishal Garg told investors on Tuesday during the companys first-quarter 2025 earnings call. ” In addition to recruiting, Better is now licensing Tinman to banks. Better Home & Finance Holding Co. Or do you want to triple your business?”

Purchase and sale agreement 220

Purchase and sale agreement Loan Officer Loans Equity 220