Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of experience in the financial services and mortgage arenas.

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s

Brokerage 448

Brokerage Mortgages Loan Officer Banks 448

Housing Wire

MARCH 9, 2021

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

Equity 497

Equity Brokerage As-is Mortgages 497

Housing Wire

APRIL 16, 2024

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

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Equity Investor Technology Industrial 459

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 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

NOVEMBER 5, 2024

Chief financial officer David Hayes said in a statement that in the third quarter, there was a “modest improvement in the mortgage market, coupled with the company’s positive operating leverage,” which fueled the return to profitability. “As Looking forward at the Mortgage Bankers Association ’s expectation of $2.3 year over year.

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 448

Lending Mortgages Equity Loan Officer 448

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA did $6.29

Mortgages 468

Mortgages Brokerage Loan Officer Lending 468

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Kim: There are a handful of home equity investment firms in the market. Based on the notion that far too many U.S.

Equity 463

Equity Marketing Investor Loans 463

Housing Wire

NOVEMBER 4, 2024

Advocates focused solely on the concerns of home sellers—who have gained billions in equity in their properties in recent years—are now creating post-hoc justifications for why eliminating cooperative compensation benefits low-wealth buyers. Rolling the fees into the mortgage” leaves the buyer with a higher interest rate.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger.

Brokerage 482

Brokerage Pre-approval Branding Agents 482

Housing Wire

MARCH 4, 2025

But after entering into a strategic partnership with private equity firm Stone Point Capital on Monday, industry analysts and experts believe that Keller Williams may actually be on the path to go public. That “something” could be a major acquisition or, in the case of private equity , it could come in the form of an IPO.

Equity 230

Equity Brokerage Agents As-is 230

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

SEPTEMBER 25, 2024

A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company. NEXA has accused Grella of causing the failure of a $24 million hangar-office property purchase and the brokerage firm is preparing to file an amended complaint. As of Wednesday, NEXA was the largest U.S.

Mortgages 435

Mortgages Due diligence Brokerage Loan Officer 435

Housing Wire

JUNE 15, 2021

Women in brokerage aren’t common, but Rocket Pro TPO aims to change that. HousingWire recently spoke with Keri Stichler, Divisional Vice President at Rocket Pro TPO, about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity. Diversity is key to a company’s success.

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Industrial Mortgages Equity Brokerage 488

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. million premium over Bay Equity’s tangible book value” as of Feb.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI).

Mortgages 459

Mortgages Loans Equity Principal 459

Housing Wire

FEBRUARY 3, 2021

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. Mortgage fraud threats have greatly increased since the COVID-19 pandemic began. Attorney’s Office in Chicago said Tuesday. Presented by: FundingShield.

Mortgages 418

Mortgages Loans Banks Lending 418

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. But after concerns were brought to the attention of policymakers during the proposal’s comment period, the U.S.

Mortgages 447

Mortgages Closing costs Equity Construction 447

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

APRIL 9, 2024

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. To get a better idea of what motivated the survey and its desire to learn more about reverse mortgages, RMD sat down with WSFS Mortgage President Jeffrey Ruben.

Mortgages 448

Mortgages Equity Brokerage Banks 448

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Every deal is different – the amount of equity they forward and the fee that they charge for the service. “And then we have our agent commission.”

Equity 435

Equity Brokerage Mortgages Title 435

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. The delisting follows Impac’s failure to adjust its stockholders’ equity levels amid consecutive financial losses. million in stockholder equity.

Equity 397

Equity Brokerage Lending Mortgages 397

Housing Wire

OCTOBER 6, 2021

agreed to form a title insurance underwriter joint venture with a $210 million investment from private equity investment firm Centerbridge Partners , a move sure to shake up the title space. Realogy will maintain a 30% equity interest in Closing Parent Holdco, L.P., 2 in closed mortgage units. Realogy Holdings Corp.

Title 391

Title Purchase and sale agreement Equity Brokerage 391

Housing Wire

AUGUST 16, 2022

Nearly 70 mortgage lenders and brokers made it on the list of Inc. All the top five mortgage lenders debuted on the Inc. theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. All the top five mortgage lenders debuted on the Inc. Zap Mortgage (no.335),

Mortgages 370

Mortgages Lending Investor Loans 370

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., Prior to NEXA100, 100% commissions were just paid in three situations: when a branch closed over $2 million in mortgage loans , an individual originated over $3 million, and a partner brought in 20 people, Kortas said in an interview.

Loan Officer 459

Loan Officer Loans Brokerage Equity 459

Housing Wire

NOVEMBER 17, 2021

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage. The brokerage was founded 2000 by Thad Wong and Mike Golden , who remain the companies’ co-CEO’s. The deal is set to close Dec.

Brokerage 448

Brokerage Residential Equity Branding 448

Housing Wire

JUNE 29, 2022

The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings. “A The funding comes shortly after Knox launched its first mortgage product, dubbed the Knox equity access program (KEAP), in April. Presented by: ServiceLink.

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Loans Equity Lending Title 370

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner.

Pre-approval 414

Pre-approval Equity Loan Officer Brokerage 414

Housing Wire

AUGUST 20, 2021

Congratulations to all of the entrepreneurs, founders and executives who have survived the onslaught of phone calls, emails and DMs from first-year private equity associates (yeah… we’re looking at you Summit Partners ….). In 2016, Brad Sullivan’s Mortgage Financial Services ruled the roost in housing with a rank of 733. Top Verticals.

Title 476

Title Mortgages Equity Loan Officer 476

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

Mortgages 355

Mortgages Lending Loans Investor 355

Housing Wire

FEBRUARY 17, 2021

Snapping up Alexander is part of a “national expansion plan,” said Chris Lim, president of growth at @Properties, with the Windy City brokerage eying a “half-dozen” franchise announcements in the coming year. But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company.

Brokerage 418

Brokerage Principal Technology Equity 418

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

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Bankruptcy Brokerage Title Equity 418

Housing Wire

JANUARY 13, 2021

The founder and CEO of Guaranteed Rate , which originated $73 billion in mortgages last year, has made joint ventures and acquisitions a cornerstone of his growing business. In 2017, Guaranteed Rate struck a deal with the largest real estate brokerage conglomerate in the country, Realogy , to form a landmark joint venture.

Brokerage 434

Brokerage Equity Loans Finance 434

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. would give the brokerage a “fully diluted market value of $12.5 How to Diversify Your Brokerage to Weather Economic Hardship. stock price offering.

Marketing 443

Marketing Brokerage Residential Banks 443