article thumbnail

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. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

Equity 411
article thumbnail

FOA closes on sale of Incenter’s title businesses

Housing Wire

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S.

Title 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MAXEX lands equity investment, partnership to expand liquidity

Housing Wire

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. Terms of the transaction were not disclosed. ” The company also announced that it expanded its bulk- and forward-trading loan programs.

Equity 370
article thumbnail

Blend launches housing equity program

Housing Wire

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Blend went public on July 16 and closed its first day of trading at $20.90 The stock price hit a closing low of $17.26

Equity 401
article thumbnail

Closing the gap: Increasing homeownership among diverse communities

Housing Wire

Closing the gap is paramount to uplifting individuals and households from underserved communities. Driving homeownership change requires resolve and education While there are programs designed to create a path to homeownership for low- and moderate-income families, some of these programs haven’t gone far enough.

Closing 370
article thumbnail

Tax & flood vendor Lereta acquired by private equity firms

Housing Wire

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. The transaction is expected to close within a month. Financial details of the transaction were not disclosed.

Equity 391
article thumbnail

Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 513