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

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

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

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

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. Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp., Others are taking a more nuanced approach to the increase.

Mortgages

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. Amor and Banosian are actively promoting the product line through in-person training with loan officers, real estate agents and financial advisers.

Closing

Housing Wire

MAY 13, 2025

Late-cycle lending risk is always a factor in every economic cycle we experience in the housing market. 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.

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

JULY 22, 2025

4568 — the Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act. 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. Sam Liccardo (D-Calif.) and Andrew Garbarino (R-N.Y.)

Finance

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.

New Construction

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. Miguel Villegas is the Director of NAF Cash.

Closing

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

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

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

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

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

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

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

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

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

Housing Wire

MAY 8, 2025

Increasingly, today’s LOs prefer arrangements that balance base compensation with performance incentives, recognizing the value of client education and relationship development activities that don’t immediately translate to closed loans. They seek effective tech, and it doesnt necessarily have to be a shiny, new tech.

Loan Officer

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.

Equity

Housing Wire

JUNE 18, 2025

Silicon Valley Bank (SVB), a division of First Citizens Bank , and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. “The strong demand for our product reflects how well it meets our partners’ and customers’ needs. .”

Banks

Housing Wire

MAY 12, 2025

The lending playbook needs an overhaul Lets cut through the noise: The mortgage market isnt changing; its already changed. HELOC and home equity loan originations jumped 6% and 8% , respectively, in Q3 2024. Homeowners are increasingly turning to HELOCs as a means to access home equity without refinancing their low-rate mortgages.

Mortgages

Housing Wire

MAY 12, 2025

This includes the assertion of a conflict of interest with Goldman Sachs , as it served as Redfins financial advisers, had a lending relationship with Rocket, and held stock in both Redfin and Rocket. The two companies previously announced that they expect the deal to close in the second or third quarter of 2025.

Lending

Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. It removes one of the biggest barriers to moving: immediate access to the equity in their current property.

Loans

Housing Wire

OCTOBER 28, 2024

While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending.

Loan Officer

Housing Wire

MAY 9, 2025

Were delivering strong results across the businessclosing nearly three times as many deals as this time last year, deepening relationships with top-tier institutions, and driving strong adoption of our rapid home lending solutions,” said Nima Ghamsari , Blend’s co-founder and CEO. ”

Title

Housing Wire

MAY 12, 2025

HousingWire: The current market presents a unique window of opportunity especially for borrowers who fall outside traditional lending guidelines. From your perspective, what (big picture) conditions are driving demand for closed-end second loans, home equity loans and HELOCs right now? Homes across the U.S

Loans

Housing Wire

JULY 31, 2025

We have expanded our capabilities to provide a multi-channel toolset that loan officers can use to help identify, attract and convert new loan opportunities into closed loans. As I mentioned earlier, it’s well known that home equity lending continues to be a growth opportunity for lenders, specifically for those who retain servicing.

Loans

Housing Wire

JULY 31, 2025

At the start of June, global asset management firm Barings announced a partnership with Crebrid , a fintech-driven lending platform specializing in residential transition loans (RTLs). The deal includes a $500 million purchase facility and a minority equity investment from Barings investors.

Lending

Housing Wire

MAY 19, 2025

And this requires not just adding new salespeople but finding the right kinds of salespeople who can excel in a reverse mortgage environment which often has different priorities for connecting with customers than the forward lending side, he said. But we have a seasoned team, so we were able to move very quickly.

Mortgages

Housing Wire

MAY 7, 2025

But beyond product positioning, FOA remains focused on its product offerings, which currently include the reverse mortgage industrys only closed-end second lien product, HomeSafe Second. [W]e It launched the Better Way campaign a few weeks later. Efficiencies in originations were also highlighted.

Finance

The Mortgage Report

JUNE 24, 2025

Home equity is how many people build wealth and, when tapped into, can provide borrowers with money for renovating and remodeling, investing, an emergency fund or even paying off other debt. Homeowners with mortgages saw a collective annual equity increase of $115 billion in 2025’s first quarter, according to Cotality.

Equity

Housing Wire

MARCH 5, 2025

Strickland said that 75% of the business she closed in 2024 was government-backed purchase money loans. And if the market’s not in a better spot, well, congratulations, you still got yourself a 7% VA renovation loan on a home that you walked into $80,000 of equity, he added.

Loan Officer

Housing Wire

APRIL 28, 2025

We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” . “They’ve been able to compete with banks and credit unions, and so that’s been a big win for us. “[PennyMac] is well-rounded.

Marketing

Housing Wire

AUGUST 5, 2025

has closed a deal to acquire $1 billion in home improvement loans through a one-year flow agreement with fintech company Upgrade , the companies announced on Tuesday. trillion in tappable equity while maintaining an average 20% equity cushion — an attractive backdrop for second-lien products. Rithm Capital Corp.

Loans