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MORE Seller Financing wants to debunk ‘the bad rap for wraps’

Housing Wire

In an era of high mortgage rates and stagnant home sales , a real estate transaction model is making waves by reintroducing and standardizing a once-popular financing method. We are the very first company in the country to standardize the seller financing process, put a wrapper around it, brand it and call it MORE, Leahy told HousingWire.

Finance 370
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Finance of America posts a profit, beats funded volume estimates in Q1 2025

Housing Wire

In beating its estimates for funded loan volume and by posting a profit in the first quarter of 2025, reverse mortgage lender Finance of America (FOA) saw its volume improve by nearly one-third compared to numbers from Q4 2024. Finance of America is setting the standard for how our industry communicates the role of reverse mortgages.

Finance 308
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Better, Biz2Credit partner to offer small biz financing via home equity products

Housing Wire

Better.com today announced a new partnership with Biz2Credit , which will provide Biz2Credits customers the option to receive $50,000 to $500,000 in additional financing options through Better.com s Home Equity Line of Credit ( HELOC ) and Home Equity Loan (HELOAN) products.

Finance 229
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 458
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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. Edge Home Finance launched its Edge Loan Advisor platform in January 2025 that is powered by FinLocker. ” .

Mortgages 316
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People movers: realtor.com, Opendoor, Finance of America and FormFree

Housing Wire

She has also sat on the boards of numerous companies, including leading brands such as Dollar Tree , Neiman Marcus and Petco. Jim Anderson is joining Finance of America Mortgage , a national, full-service mortgage banker as chief marketing officer, bringing more than 20 years of marketing experience to the company.

Finance 448
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Fairway makes a deal to acquire Hallmark Home Mortgage

Housing Wire

It will operate under the “Powered by Fairway” brand and will be led by Hallmark founder and CEO Deborah Sturges. Hallmark had 45 sponsored loan officers and 19 active branches as of Wednesday, per Nationwide Multistate Licensing System (NMLS) data. of its loans being purchase transactions. Fairway originated $4.6

Mortgages 315