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 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. and one of them is Newfi, which is a non-QM lender.

Residential 364

Residential Lending Finance Banks 364

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.

Equity 448

Equity Lending Closing costs Mortgages 448

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 trillion at the end of this year.

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Equity Lending Title search Title 397

Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in.

Lending 395

Lending Equity Investor Residential 395

Housing Wire

AUGUST 25, 2022

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. In the last five years alone, homeowners have gained, on average, $125,000 in equity on their properties.

Lending 418

Lending Equity Loans Technology 418

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 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

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.

Equity 459

Equity Lending Banks Loans 459

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

DECEMBER 2, 2024

“We are expanding the availability of our Homebuyer Access grant program to additional areas to expand opportunities for low-to-moderate income homebuyers,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement. program provides up to $5,000 in closing cost credits to borrowers with an income at or below 80% of the AMI.

Lending 397

Lending Closing costs Banks Equity 397

Housing Wire

DECEMBER 18, 2024

And then looking at the vast demand or the vast breadth of competitors out there, we kind of looked at where they are doing well and where did we need to kind of jump in there and kind of close that gap. The company owned the domain for several years but didnt have a direct purpose with it until Q4 2023.

Marketing 418

Marketing Lending Branding Banks 418

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling.

Lending 448

Lending Loans Loan Officer Equity 448

Housing Wire

APRIL 4, 2025

The Peak variation also updated seasoning requirements for Platinum-to-Platinum or proprietary-to-Platinum to 24 months, from one closing date to the next. The new variation will also allow Longbridge partners to reengage with borrowers who may have previously been short to close.

Mortgages 342

Mortgages Principal Loans Equity 342

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. Financial terms of the deal were not disclosed and it’s unclear when the deal will close. Increasing Lending and Servicing Capacity – Regardless of Rates.

Lending 468

Lending Banks Loan Officer Loans 468

Housing Wire

JULY 7, 2022

Can Fannie Mae ’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? The list of potential obstacles across the Black housing journey — it’s long,” said Katrina Jones, Fannie Mae’s vice president of racial equity strategy and impact. “The

Equity 448

Equity Lending Closing costs Development 448

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 448

Equity Technology Loans Lending 448

Housing Wire

OCTOBER 5, 2023

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. billion, according to offering documents. billion.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

JANUARY 30, 2025

In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. To close the conversation, Davis explores Deephaven’s focus on home equity and new construction products in 2025.

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New Construction Construction Marketing Investor 336

Housing Wire

SEPTEMBER 8, 2020

Most took advantage of 3% interest rates to lower monthly payments; cash-out lending comprised just 3 out of 10 refi originations in the second quarter, Black Knight found. The third quarter is shaping up to be even wilder – locks on refis that are expected to close in the third quarter are up 20% from the second quarter.

Lending 497

Lending Mortgages Equity Loans 497

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 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

Mortgages 417

Mortgages Title Lending Loans 417

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 356

Branding Equity Lending Finance 356

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. The funding timeline of five business days assumes closing the loan with Figure’s remote online notary, Figure said.

Lending 370

Lending Technology Pre-approval Equity 370

Housing Wire

JULY 28, 2021

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 435

Equity Lending Banks Development 435

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. This also lends itself to discussions about areas that the loan should not interact with in a larger retirement plan.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

AUGUST 25, 2022

Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Lenders using Blend’s home equity product can offer personalized home equity loans and then close in a few days as opposed to multiple weeks it takes through legacy home equity processes, according to the firm.

Equity 418

Equity Loans Banks Title 418

Housing Wire

FEBRUARY 6, 2025

Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. 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.

Loans 341

Loans Mortgages Equity Construction 341

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Equity 397

Equity Marketing Fixed-rate mortgage Finance 397

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.”

Equity 448

Equity Loans Mortgages Finance 448

Housing Wire

DECEMBER 27, 2024

With Home Equity Conversion Mortgage (HECM) volume declining on an annual basis, many industry participants cited at least one key factor that couldve driven the decline, but the view was not universal. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp.

Industrial 397

Industrial Mortgages Principal Lending 397

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. At AmeriCash, he oversaw more than 300 employees and helped the company close more than $18 billion in home loans. San Jose -based EquiFi Corp. ,

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

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 397

Equity Lending Loans Banks 397

Housing Wire

JANUARY 10, 2023

Kleber Santos , CEO of consumer lending since his appointment in July, said the bank will continue to be the primary mortgage lender to Wells Fargo bank customers and minority homebuyers through its mortgage retail team. “We In practice, the bank’s portfolio on correspondent lending was already in free fall.

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Closing Lending Banks Equity 501

Housing Wire

SEPTEMBER 13, 2022

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit. billion in 2022 from last year’s $4.4 billion. .

Lending 370

Lending Loans Equity Mortgages 370

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 418

Due diligence Purchase and sale agreement Industrial Mortgages 418

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 397

Equity Loans Lending Banks 397

Housing Wire

MARCH 11, 2022

Current buzzwords in the mortgage industry include affordable, underserved, accessible and equity. With the increasing regulatory focus on expanding affordable lending programs, mortgage lenders need to have a plan to serve the underserved. Finding the ‘why’. Where the rubber meets the roadblock.

Lending 397

Lending Loans Mortgages Industrial 397