Housing Wire

MAY 2, 2025

Financial literacy resource provider FirstHome IQ has announced a partnership with Crib Equity , a co-investment platform that aims to improve affordability by increasing the down payment and lowering debt. ” Recent data from FirstHome IQ reveals that the average American scores only 57% on basic financial literacy assessments.

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Equity Closing costs Loans Mortgages 227

Housing Wire

OCTOBER 31, 2024

This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.

Mortgages 404

Mortgages Equity Loan Officer Loans 404

Housing Wire

DECEMBER 9, 2024

After many years of serving consumers, EasyKnock has closed its doors, a message on the companys website states. In February 2024, the company closed a $28 million Series D funding round from new and existing investors, including Gaingels , Moderne Ventures , QED Investors and Zillow co-founder Spencer Rascoff.

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Equity Investor Residential Closing 369

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. While the companies remain quiet on their plans, some Bay Equity employees arent waiting for answerstheyre already looking for new jobs. They will be a great fit.

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Loan Officer Equity Loans Brokerage 370

Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times.

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Title Equity Loans Closing 349

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

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Equity Lending Banks Loans 466

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. home equity by the end of this year.

Equity 430

Equity Loans Debt-to-income ratio Renovation 430

Keeping Current Matters

JUNE 13, 2025

For Sellers , Infographics , Senior Market , Downsize , Equity You May Have Enough Equity To Downsize and Buy Your Next House in Cash Facebook Twitter Pinterest LinkedIn Some Highlights Have you been holding off on downsizing? If so, you should know your equity could make your move possible.

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Equity Mortgages Agents Closing 208

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday. home equity over the past year brought total net equity to more than $17 trillion at the end of Q1 2024.

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Equity Residential Mortgages Closing 512

Housing Wire

SEPTEMBER 4, 2024

With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. One-quarter of these lenders offered accelerated closing options, including two lenders that advertised home equity funding in as little as one week.

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Equity Lending Banks Loans 431

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing.

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Equity Lending Loans Renovation 414

Housing Wire

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. With our home equity program, we want to make sure that we’re offering our broker partners a product they can win in this market and help their clients.”

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Equity Loans Mortgages Finance 421

Housing Wire

MAY 6, 2024

Nationwide equity on mortgaged homes soared to a record $16.9 trillion in the first quarter of 2024, with $11 trillion available for leverage while maintaining a 20% equity cushion — also an all-time high. homeowners with mortgages have tappable equity. trillion in tappable equity. About 48 million U.S.

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Equity Mortgages Finance Loans 479

Housing Wire

MARCH 10, 2025

billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025. Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75

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Purchase and sale agreement Pre-approval Brokerage Equity 458

Housing Wire

APRIL 19, 2024

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. “The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” FHFA Director Sandra Thompson said in an announcement of the proposal.

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Equity Finance Loans Banks 466

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. FHFA Director Sandra Thompson explained that such options are needed in the current mortgage rate environment.

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Closing Mortgages Equity Loans 526

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 469

Equity Loans Investor Mortgages 469

Housing Wire

MAY 13, 2025

On the other hand, homeowners not only tend to have strong credit scores, but they also possess a significant amount of equity in their homes. We monitor all credit housing data and new listings closely to keep everyone informed about any potential housing credit stress.

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Bankruptcy Equity Loans Lending 453

Housing Wire

MARCH 31, 2025

billion , is paying an equity value of $9.4 Rocket said the the transaction is expected to generate $100 million in additional pre-tax revenue from higher recapture rates and attaching its title, closing and appraisal services to Mr. Coopers existing originations. The deal is expected to close in the fourth quarter of 2025.

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Finance Title Mortgages Equity 441

Housing Wire

JUNE 10, 2025

It’s doing so with the launch of a new home equity line of credit ( HELOC ) option specifically for customers ages 62 and older. Namely, it concerns the frequently expressed reluctance of older homeowners to tap into home equity in retirement out of fear that it will limit the assets they can leave to heirs.

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Equity Principal Development Mortgages 358

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets.

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Closing Equity Investor Finance 416

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years. Assuming he put 3.5%

Equity 441

Equity Purchase and sale agreement Loans Mortgages 441

Housing Wire

OCTOBER 18, 2024

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. We have partnered with Calque to provide better options to those customers, including the ability to close immediately on a new home before putting their current home on the market.”

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Purchase and sale agreement Mortgages Equity Finance 420

Housing Wire

MARCH 13, 2025

billion in equity. That deal is expected to close in the second or third quarter of 2025. That deal is expected to close in 2025, with Compass paying with $150 million in cash and 44 million shares of its Class A common stock. Compass has been active participant in the M&A world.

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Purchase and sale agreement Brokerage Equity Development 382

Housing Wire

FEBRUARY 3, 2025

The suits accused EasyKnock of using a deceptive and unfair lending scheme to lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as Sell & Stay transactions. The platform shut down its operations in early December 2024. This followed a $57 million Series C round in February 2022.

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Lending Equity Investor Residential 368

Housing Wire

OCTOBER 23, 2024

Cash-out refis have gained popularity due to record-high home equity levels in recent years. As for the product’s mortgage rates, Elezaj said they are more competitive than HELOCs (home equity lines of credit), traditionally a market dominated by credit unions and depository banks. How much will borrowers pay?

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Equity Loans Mortgages Loan Officer 421

Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Compare that with $30 trillion in financeable equity — it dwarfs it. You have to think about how you monetize that equity,” Deitch said. You have to think about how you monetize that equity,” Deitch said. “So,

Equity 415

Equity Technology Loans Lending 415

Housing Wire

OCTOBER 24, 2024

Although completed foreclosure auctions have plateaued in 2024 at less than half of pre-pandemic levels, the number of delinquent mortgages is close to pre-pandemic levels, according to an Auction.com analysis of public record data from ATTOM Data Solutions and survey data from the Mortgage Bankers Association (MBA). There is a lot of fear.”

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Bankruptcy Equity Hard money loan Finance 421

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 412

Equity Marketing Loans Investor 412

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. It’s the ninth straight year that the limit will increase based on home-price appreciation levels, which feeds into a single, national limit for all HECM loans.

Mortgages 384

Mortgages Equity Lending Loans 384

Housing Wire

MAY 2, 2025

It removes the need to qualify for two mortgages simultaneously, although appraisal , credit score and minimum equity requirements still apply. Rate is also introducing a Buy Before You Sell product, enabling borrowers to make offers without first selling their current home.

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Closing Loan Officer Finance Loans 246

Housing Wire

JANUARY 8, 2025

In 2025, we expect unsold inventory of homes on the market to get very close to the 2018 levels. It also means muted equity increases. Itll be an era where fewer investors can speculate by buying multiple properties with the equity gains of an existing portfolio. Life events take time to materialize.

Mortgages 466

Mortgages Finance Loans Equity 466

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 440

Equity Finance Purchase and sale agreement Investor 440

Housing Wire

MARCH 12, 2025

at the close of the market on March 11 to $17.89 But by the markets close that evening, the share price rose to $21.75. The companys dedication to expanding the availability of its proprietary closed-end second-lien reverse mortgage, HomeSafe Second, also saw a sharp increase to its distribution. at the opening bell on March 12.

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Finance Equity Mortgages Closing 364

Housing Wire

NOVEMBER 13, 2024

Its funded volume was also driven by growth in refinance and home equity originations, including home equity lines of credit ( HELOCs ) and closed-end second-lien mortgages. “In NEO was previously expected to close in early 2025. “We

Mortgages 365

Mortgages Loan Officer Loans Technology 365

Housing Wire

OCTOBER 31, 2024

As part of the deal that closed Oct. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. It is also offering $3.5

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Lending Mortgages Loan Officer Principal 465

Housing Wire

APRIL 7, 2025

Wade Pfau, a professor of retirement income at the American College of Financial Services and an expert who has advocated for the strategic employment of reverse mortgages in retirement planning, told the Times that short-term tumult in close proximity to the actual retirement date can have an impact on the stability of a portfolio.

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Mortgages Equity Marketing As-is 331