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

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.

Loan Officer

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.

Equity

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.

Title

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.

Closing

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.”

Bankruptcy

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

Purchase and sale agreement

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.

Finance

Housing Wire

JULY 1, 2025

billion in equity. ” Rocket executives said during its first quarter earnings that it expects the Mr. Cooper acquisition to close by the end of the year. The transaction faced no opposition from antitrust regulators and received approval from Redfin shareholders on June 4.

VA loan

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.”

Purchase and sale agreement

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.

Bankruptcy

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?

Equity

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.

Lending

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

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.

Purchase and sale agreement

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

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

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.

Finance

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.

Mortgages

Housing Wire

MAY 15, 2025

An increasingly popular homebuying strategy looks better than ever If youre a prospective or first-time homebuyer without much equity, or you didnt successfully navigate the stock market, putting in an all-cash offer can feel like a far-fetched strategy, not worthy of consideration.

Closing

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

Branding

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said.

Investor

Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. Newrez reported continued momentum for its home equity and non-QM loan products as originations were up 29% between the third and fourth quarters. In 2023, it acquired $1.4

Loans

Housing Wire

FEBRUARY 3, 2025

The last thing a buyer wants is to find out after the deal closes that the founder of the business registered a name or trademark in their own name and never properly assign it to the company. Also, have any employees been promised future equity in the seller? Patent & Trademark Office. The same is true of domain names.

Due diligence

Housing Wire

DECEMBER 9, 2024

Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. Many sellers are offering to cover 2-3% of closing costs. Plus, buying now means youre building equity while others wait, and youll have the chance to refinance if rates dip in the future. Around 7.5%.

Mortgages

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

Lending

Housing Wire

JULY 23, 2025

Chief financial officer Kurt Johnson noted the company is closely monitoring the Ginnie Mae segment, particularly Federal Housing Administration ( FHA ) loans, which comprise 15% of the portfolio. Bray said home equity products gained momentum during the quarter, supported by two securitizations.

FHA loan

Housing Wire

NOVEMBER 21, 2024

In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. So, we needed to wait until she was 62 in order for her to make sure she has that line of credit available to her.” Another advantage is that Nelson was very pleased with his own loan officer for a unique reason.

Mortgages

Housing Wire

NOVEMBER 26, 2024

Here’s what these the leaders of these organizations had to share: “ Traditionally, the insurable title process has been time-consuming and manually intensive, often delaying closings and increasing costs. For instance, the system can flag potential issues and suggest solutions, leading to faster, more accurate closings.

Title

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending

Housing Wire

JANUARY 30, 2025

To close the conversation, Davis explores Deephaven’s focus on home equity and new construction products in 2025. Diego: Why the push into home equity ? So, people are gonna have to tap into their equity for renovations, debt consolidation and better cash flow. That’s where the growth is at.

New Construction

HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

Closing costs

Housing Wire

JANUARY 3, 2025

One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P). A lot of times when seniors go through counseling and really take a close look at the loan, they can get confused.

Mortgages

Housing Wire

JULY 22, 2025

Currently, most ADUs are financed through savings or home equity loans , a hurdle for many younger or lower-income homeowners who may not have sufficient equity to secure a second loan. The SUPPLY Act aims to close that gap by providing more flexible loan options insured by the U.S.

Finance

Housing Wire

JULY 1, 2025

In addition to this acquisition, Real has also made an equity investment in Flyhomes. Some notable mergers include that of Redfin and Rocket Companies , which closed on Tuesday, as well as Rocket’s acquisition of servicer Mr. Cooper , and mortgage firm Lower ‘s acquisition of home search portal Movoto.

Technology

Housing Wire

JULY 14, 2025

Guild LOs, who spoke with HousingWire on condition of anonymity due to career concerns, said they have yet to receive any guidance on how the two platforms would collaborate after the deal closes. No official plan has been released because the deal is not closed. When an LO closes a deal there, they receive a small compensation split.

Mortgages

Housing Wire

FEBRUARY 6, 2025

If that isnt spectacular enough, Deephaven offers interest-only options for maximum property cash flow alongside cash-out solutions to consolidate debt and unlock equity. Beyond that, Deephaven allows up to 3% seller concessions at closing. Equity Advantage HELOC loans offer similar benefits as a revolving line of credit.

Loans