Housing Wire

FEBRUARY 21, 2024

An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. We believe our past experience investing in the mortgage industry previously enabled us to move quickly and provide certainty of closing.”

Equity 320

Equity Loans Mortgages Finance 320

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. Tappable home equity is expected to decrease to a forecasted $18.1 However, given that home-equity originations were less than $0.5

Equity 348

Equity Lending Title search Title 348

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. In September, Redwood launched its in-house home equity investment (HEI) origination platform called Aspire. Atalaya committed $250 million while Kingsbridge put up $50 million.

Equity 384

Equity Investor Loan Officer Finance 384

Housing Wire

JULY 6, 2023

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 315

Title Closing Sales Finance 315

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. Blackstone Group will retain a 70% ownership stake in the lender-and-servicer.

Finance 273

Finance Closing Investor Mortgages 273

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 356

Equity Lending Loans Banks 356

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Rocket is targeting American homeowners with high household debt and credit card balances but strong home equity positions. . ” U.S. ” U.S.

Equity 381

Equity Loans Lending Banks 381

Housing Wire

AUGUST 5, 2022

Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Record levels of home equity. This too is changing as innovation in the home equity lending space has finally arrived. Customer experience.

Equity 375

Equity Lending Closing costs Mortgages 375

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Meanwhile, Harit Talwar will be the chairman of the board of directors at Better Home & Finance.

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Closing Pre-approval Finance Title 364

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.

Finance 348

Finance Equity Mortgages Principal 348

Housing Wire

JUNE 8, 2023

Home equity levels have been on the decline over the last year, new data shows. Homeowners with mortgage loans saw their home equity levels decline by an average of 0.7% between the Q1 2022 and Q1 2023, the first decline recorded since early 2012, according to CoreLogic ’s Homeowner Equity Report (HER). properties. properties.

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Equity Mortgages Loans Closing 323

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

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Equity Residential Loans Title 330

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.

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Closing Mortgages Loan Officer Pre-approval 369

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Equity 296

Equity Marketing Investor Finance 296

Housing Wire

JANUARY 10, 2023

Bank executives reportedly expressed concerns about “reputational risk” when financing large amounts of loans originated from other firms. As the largest bank lender to Black and Hispanic families for the last decade, we remain deeply committed to advancing racial equity in homeownership.”. That was good for no.

Closing 477

Closing Lending Banks Equity 477

Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

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Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. The sale is expected to close in the third quarter of 2024. market share, according to Inside Mortgage Finance (IMF) estimates. On March 6, the company received $1 billion in equity investment , led by former U.S.

Loans 319

Loans Mortgages Due diligence Banks 319

Housing Wire

JUNE 24, 2022

Honorees like 2021 HW Insider Amanda Cherry , associate product manager at Finance of America Reverse , represent an exceptional class of housing professionals who continuously drive their team to achieve excellence in a number of different facets of housing. The post Nominations for HW Insiders Close Today!

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Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. In the past five years since re-entering the market, Fannie Mae has provided more than $3 billion in equity property investments throughout the U.S., billion in 2021 Green Financing : $9.1 billion Newmark: $4.6

Finance 98

Finance Closing Equity Commercial 98

Housing Wire

MAY 14, 2024

Better Home & Finance Holding Co. , million, driven mainly by home equity line of credit (HELOC) and cash-out refinance products, executives said. on Tuesday morning, down 1.15% from the previous closing. But expenses continued to increase and the company remained unprofitable during the period.

Loans 374

Loans Loan Officer Equity Mortgages 374

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. Older Americans are sitting on a record $10 trillion in home equity.

Equity 348

Equity Mortgages Lending As-is 348

Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. and an average closing share price of at least $1.00 Securities and Exchange Commission (SEC).

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Equity Finance Industrial Mortgages 367

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 102

Equity Finance Loans Closing costs 102

Housing Wire

JANUARY 31, 2023

So that’s a real issue, because as a lender, we offer ways to finance a new home for selling — and it could be a bridge loan, it could be a home equity line of credit. Are you the sole person closing sales? Because really, ultimately, they want to be able to close more business, and you have to be an ally in that process.

Loans 345

Loans Pre-approval Closing Marketing 345

Housing Wire

FEBRUARY 3, 2023

And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates. Steve Kaminski is head of U.S. Residential Lending at TD Bank.

Renovation 372

Renovation Fixed-rate mortgage Equity Finance 372

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call. Overall, HELOCS accounted for 20.7%

Equity 296

Equity Lending Finance Loans 296

Housing Wire

JANUARY 22, 2024

2 slot on the leaderboard, and is interestingly the only company within the top 10 to grow its FHA-backed Home Equity Conversion Mortgage (HECM) volume when compared to all other companies within the top 10 threshold, based on RMI data encompassing FHA-approved lenders. Mutual of Omaha Mortgage maintained its position in the no.

Mortgages 400

Mortgages Finance Industrial Equity 400

HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. It leverages the equity in your current home, providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 317

FHA loan Renovation Equity Loans 317

HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you.

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is a financial lifeline for homeowners like you.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

DECEMBER 7, 2023

Enter the bridge loan – a short-term financing option. Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. Lenders will also assess the equity in your current home when determining your borrowing capacity.

Equity 102

Equity Loans Home sale contingency Debt-to-income ratio 102

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. naturally exposing her more closely to the American reverse mortgage industry. But the problem is they’re cash-flow poor in relative terms.”

Mortgages 407

Mortgages Finance Loan Officer Equity 407

Housing Wire

APRIL 29, 2024

A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated. “It A lender makes monthly payments to you based on the equity in your home, using your home as collateral.

Mortgages 392

Mortgages Equity Loans Closing 392

HomeLight

NOVEMBER 30, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

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Loan Officer Equity Finance Loans 387