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 379

Equity Lending Loans Banks 379

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Excellent turn times.

Equity 391

Equity Title Technology Inspection 391

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

Mortgages 418

Mortgages Marketing Loans Equity 418

Housing Wire

JUNE 26, 2023

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. The companies claim they collectively serve more than 500 market participants. Terms of the transaction were not disclosed.

Equity 362

Equity Land Investor Loans 362

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

Equity 523

Equity Marketing Loans Bankruptcy 523

Housing Wire

AUGUST 25, 2023

Closing the gap is paramount to uplifting individuals and households from underserved communities. We have a responsibility as a mortgage and financial services industry to drive meaningful change and create a more equitable path to homeownership. Inclusion cannot happen in a vacuum.

Closing 363

Closing Equity Mortgages Industrial 363

Housing Wire

DECEMBER 9, 2021

year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis , published on Thursday. During Q3 2021, the title insurance industry generated $6.8 billion in title insurance premium, marking the industry’s best quarter on record. of the market.

Title 424

Title Industrial Land Closing 424

Housing Wire

SEPTEMBER 2, 2022

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. The OWNS ETF is still small by industry standards and struggling to grow and improve returns.

Closing 447

Closing Marketing Investor Banks 447

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). That leaves loanDepot’s market share down to 2.4%. “We are not going to chase market share,” Martell told analysts. loanDepot shares closed at $1.84

Closing 471

Closing Principal Lending Loans 471

Housing Wire

MARCH 25, 2021

The private mortgage insurance industry also supported $600 billion in mortgage originations. The mortgage insurance industry also updated its guides and processes to align with the Federal Housing Finance Agency (FHFA) and the GSEs’ policies to implement nationwide forbearance programs. The result was approximately $1.3

Industrial 544

Industrial Mortgages FHA loan Finance 544

Housing Wire

JULY 8, 2021

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 389

Equity Commercial Technology Loans 389

Housing Wire

MAY 14, 2024

million, driven mainly by home equity line of credit (HELOC) and cash-out refinance products, executives said. In the past, the company attracted noncommissioned loan officers without experience in the industry using fixed compensation. It has now attracted mortgage industry experts and is paying them based on commissions.

Loans 407

Loans Loan Officer Equity Mortgages 407

Housing Wire

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. Steve Ozonian, an advisor to Lovell Minnick and an industry veteran, will also join the board.

Equity 382

Equity Technology Lending Title 382

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. Connie Kim : We’ve seen a lot of optimism for the mortgage industry, mainly due to rates on a declining trend.

Loans 382

Loans Pre-approval Closing Marketing 382

Housing Wire

MARCH 18, 2022

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 506

Loans Closing Mortgages Equity 506

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. However, the market has shifted quite dramatically in the last couple of months.

Equity 368

Equity Mortgages Lending As-is 368

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. market share, the IMF data shows. The bank was followed by Flagstar, with $11.8

Loans 343

Loans Mortgages Due diligence Banks 343

Housing Wire

APRIL 28, 2022

The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Adaptability will be critical to navigating the rapidly changing market but it’s just as important to have a comprehensive understanding of your business. Driven by data.

Industrial 368

Industrial Mortgages Loans Equity 368

Housing Wire

JANUARY 10, 2023

As the largest bank lender to Black and Hispanic families for the last decade, we remain deeply committed to advancing racial equity in homeownership.”. Wells Fargo’s future in mortgages has been the subject of widespread industry speculation for years. The bank’s mortgage servicing rights book reached $9.8

Closing 477

Closing Lending Banks Equity 477

Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C.-based billion market cap.

Equity 376

Equity Bankruptcy Investor Commercial 376

Housing Wire

JUNE 24, 2022

Each year, this award spotlights the individuals who have a huge impact behind-the-scenes within their organizations — through operations, product development, hiring, marketing campaigns, or improving efficiency. Amanda Cherry : Macro trends continue to point to the need for people 55+ to have access to their home equity.

Closing 375

Closing Lending Equity Mortgages 375

Housing Wire

SEPTEMBER 6, 2023

Pro-competitive, pro-consumer local MLS broker marketplaces ensure equity, efficiency, transparency and market-driven pricing options for home buyers and sellers,” Mantill Williams, NAR’s vice president of communications, wrote in an email to HousingWire.

Industrial 414

Industrial MLS Agents Equity 414

Housing Wire

DECEMBER 2, 2022

It has resulted in a highly competitive market, and lenders recognize the importance of maintaining existing customers in this challenging market. Lenders who accurately predict the moment in time when a customer might require access to their home’s equity can act immediately and establish themselves as the ideal choice.

Marketing 379

Marketing Equity Loans Renovation 379

Housing Wire

MAY 31, 2023

California-based lender loanDepot has promoted Alec Hanson , the company’s senior vice president of production for the West division, to the role of chief marketing officer. Hanson will also be responsible for the company’s originator-led field-level marketing capabilities.

Marketing 368

Marketing Equity Branding Development 368

Housing Wire

MAY 10, 2022

The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Adaptability will be critical to navigating the rapidly changing market but it’s just as important to have a comprehensive understanding of your business’ KPIs. Driven by data.

Industrial 392

Industrial Mortgages Loans Equity 392

Housing Wire

JULY 30, 2021

This is according to Shelley Giordano, head of enterprise integration at Mutual of Omaha Mortgage and co-founder of the Academy for Home Equity in Financial Planning at the University of Illinois Urbana-Champaign. “So, Our industry has never, ever recovered from not being able to sit shoulder-to-shoulder at bank branches and share clients.

Industrial 403

Industrial Mortgages Loan Officer Banks 403

Housing Wire

NOVEMBER 14, 2023

Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. Another explanation is that equity-rich homeowners might be selling their homes before foreclosure becomes a necessity.

Mortgages 394

Mortgages Marketing Staging Loans 394

Housing Wire

FEBRUARY 6, 2024

The original promissory notes were secured by tangible assets of [ Finance of America Equity Capital ], excluding pledges of equity interests, and certain pledged risk retention securities held by MM Risk Retention LLC , a wholly owned subsidiary of FOA Equity,” the filing reads. Other challenges are ongoing. That was a 17.7%

Equity 404

Equity Finance Industrial Mortgages 404

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. In terms of managing financial risk, considerations include interest rate, market and reputation. This includes focusing on capital/equity to ensure the foundation is strong, covenants are met and operational flexibility is maintained.

Industrial 400

Industrial Mortgages Development Loans 400

Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”.

Equity 364

Equity Finance Loans Development 364

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 391

Equity Loan Officer Residential Commercial 391

Housing Wire

MARCH 4, 2024

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new data shows that the decline was not the same between the retail and wholesale channels of the business. The pullback in retail was not as severe as the one in wholesale.

Mortgages 393

Mortgages Equity Loans Industrial 393

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. RTC), closed 747 S&Ls with assets of more than $407 billion. . mortgage market was ripe for refinancing, but today closer to 10%. .

Mortgages 370

Mortgages Marketing Banks Loans 370

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 375

Equity Marketing Loans Investor 375

Housing Wire

JANUARY 22, 2024

After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when compared with recent years past. Reduced volume, a challenging mortgage rate environment and industry consolidation has contributed to some of the broader changes.

Mortgages 421

Mortgages Finance Industrial Equity 421

Housing Wire

APRIL 8, 2024

After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news. Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% to 3,237,” according to the commentary accompanying RMI’s March data.

Mortgages 410

Mortgages Seller concession Loans Equity 410

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. Interfirst purchased refinance leads and sent them to Woodward to close. “When I began with Interfirst, it was all refis.

Mortgages 519

Mortgages Marketing Lending Loans 519