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Legacy Group Capital acquires home equity investment fintech Rook Capital

Housing Wire

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As

Equity 427
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Home equity products light up a dark housing market

Housing Wire

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. billion.

Equity 417
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Ocwen improves overall reverse mortgage performance despite volume contraction

Housing Wire

Underlying the strong results is the ongoing effort on continued cost improvements, driven by technology […] and traditional process improvements across both forward and reverse servicing, as well as lower advances on our legacy book, which have decreased 14% year over year.”

Mortgages 402
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Figure partners with four IMBs on HELOCs

Housing Wire

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. Each of Figure’s new partners will leverage Figure’s HELOC technology to create a branded product for their customers, the firm said in a statement.

Equity 370
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Liberty Reverse parent Ocwen seeks to rebrand this year

Housing Wire

The company has also established capital-partner relationships and has made a series of technological investments into its platforms, he said. Included in the wider rebranding effort will be a refresh of the company’s brand voice, which is designed to support “the company’s commitment to getting the job done,” the announcement stated.

Branding 411
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Announcing the 2023 HW Insiders!

Housing Wire

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward.

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Katherine Loveland to take helm at Volly

Housing Wire

Longtime Reggora executive Katherine Loveland has left the company and has been named the new CEO at mortgage marketing firm Volly. Massachusetts-based Volly is a provider of marketing, customer engagement strategies and lending technologies for the mortgage industry. It was named a HousingWire Tech100 company in 2021 and 2022.