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 384

Equity Lending Loans Banks 384

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. . New Residential Investment Corp.

Equity 384

Equity Loans Lending Banks 384

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 366

Equity Marketing Investor Finance 366

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

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 397

Equity Loan Officer Residential Commercial 397

Housing Wire

MAY 22, 2024

The groups also recommend protecting older adults and low-income homeowners who “struggle to pay property taxes” to prevent the root causes of foreclosure; improving and creating new property tax exemptions; and requiring “market-driven tax foreclosure processes for owner-occupied/involved residential properties if there is a tax sale.”

Staging 442

Staging Equity Title Land 442

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 366

Equity Lending Finance Loans 366

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

Banks 430

Banks Closing costs Lending Equity 430

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As by the end of 2023.

Mortgages 421

Mortgages Equity VA loan FHA loan 421

Housing Wire

SEPTEMBER 13, 2022

The drop in mortgage credit availability follows volatile mortgage rates that closed out August at 5.8%, according to Black Knight ’s Optimal Blue OBMMI pricing engine before retreating in July. In August, Rocket Mortgage and its wholesale arm Rocket Pro TPO started offering home equity loans and Guaranteed Rate introduced a digital HELOC.

Lending 370

Lending Loans Equity Mortgages 370

Housing Wire

JUNE 29, 2022

The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings. “A Established in 2018, Knox aims to help manage residential rentals with its algorithm-based platform. Prioritizing home equity solutions in a rising rate environment.

Loans 370

Loans Equity Lending Mortgages 370

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. Residential Lending at TD Bank. Steve Kaminski is head of U.S.

Renovation 384

Renovation Fixed-rate mortgage Equity Finance 384

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 358

Closing costs Equity Agents Technology 358

RIS Media

FEBRUARY 3, 2022

Homeowners were able to reap the benefits of the frenzied housing market last year as new data from ATTOM Data Solutions suggests that nearly one of every two mortgaged homes were “equity rich” in the final quarter of 2021. Home Equity & Underwater Report on Feb. We keep watching those closely. 3, which showed that 41.9%

Equity 98

Equity Marketing Residential Mortgages 98

Housing Wire

FEBRUARY 21, 2023

The deal will offload an FoA subsidiary division that offers residential real estate investment loans. Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors.

Commercial 370

Commercial Lending Finance Title 370

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S.

Finance 421

Finance Principal Residential Development 421

Housing Wire

MAY 24, 2021

It’s the moment everyone fears: in the frenzy to close a house sale, commitment to fraud preventions falters. And just like that, coordinates for a wire fraud transfer of tens of thousands of dollars —­ even a lifetime of home equity — disappear. Digital fraud comes at real estate transactions in several forms.

Title 410

Title Residential Equity Closing 410

Housing Wire

JUNE 1, 2023

eXp used a mixture of its own equity, revenue sharing and the virtual nature of its business to gain its position. It is noteworthy that eXp was the only one of the top four firms to grow both its closed transactions and its sales volume in 2022 when sales of existing homes were down significantly.

Brokerage 396

Brokerage Residential Equity Agents 396

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 430

Sales Mortgages Principal Equity 430

HomeLight

NOVEMBER 3, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What is a residential bridge loan in Utah?

Equity 113

Equity Loans Debt-to-income ratio Home sale contingency 113

Housing Wire

JANUARY 17, 2024

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

AUGUST 6, 2020

The move comes 15 months after Thoma Bravo , a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 ICE’s decision to acquire Ellie Mae follows the company’s actions over the last four years to strengthen its hold in the residential mortgage industry. Based in Pleasanton, Calif.,

Residential 531

Residential Equity Mortgages Industrial 531

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 The home equity loans balance was $24.7

Banks 421

Banks Mortgages Lending Commercial 421

Housing Wire

FEBRUARY 8, 2022

Powerhouse lender and servicer New Residential Investment Corp. NewRez agreed to acquire Caliber in a deal valued at $1.675 billion in April and closed the deal in August. The deal came together after the previous owner, private equity firm Lone Star Funds , failed to take Caliber public due to instability in the market.

Residential 370

Residential Loans Equity Mortgages 370

Housing Wire

JANUARY 12, 2022

The financial terms of the deal were not disclosed, and the closing of the transaction is subject to regulatory approval. Mother Lode Holding is a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions with 92 offices in 11 states. This is down from 9.6%

Title 377

Title Land Closing Commercial 377

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. The announcement comes shortly after MeridianLink, which is owned by private equity giant Thoma Bravo , posted its quarterly earnings results.

Mortgages 421

Mortgages Lending Technology Banks 421

Housing Wire

MARCH 7, 2024

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. The report revealed that January 2024 PLS issuance totaled $7.5

Investor 421

Investor As-is Commercial Equity 421

Housing Wire

FEBRUARY 11, 2021

billion in cash flow operations, a return on equity of 14.9%, and a 15.7% The company closed over one million transactions while most of our people were working from home. Direct premiums and escrow fees were up 24% compared with the fourth quarter of 2019, driven by a 32% increase in the number of direct title orders closed.

Title 505

Title Commercial Closing Equity 505

Housing Wire

MARCH 8, 2022

The transaction closed on February 18 and the terms of the deal were not disclosed. ATA National Title Group serves both residential and commercial clients, and provides title searches and escrow services. On Tuesday, Farmington, Michigan-based ATA National Title Group announced its acquisition of Absolute Title on Tuesday.

Title 384

Title Title search Commercial Equity 384

RIS Media

AUGUST 9, 2021

Home Equity & Underwater Report shows that 34.4% of mortgaged residential properties in the U.S. were considered equity-rich in the second quarter—this means the combined estimated amount of loans secured by those properties was no more than 50% of their estimated market value. ATTOM’s latest U.S. of all U.S.

Equity 98

Equity Marketing Residential Mortgages 98

Housing Wire

FEBRUARY 4, 2021

After months of uncertainty , CoreLogic announced Thursday that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. This would be a premium of 51% to CoreLogic’s unaffected share price as of June 25, 2020.

Lending 458

Lending Equity Investor Finance 458

Housing Wire

SEPTEMBER 29, 2020

These include one that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions, the release said. It allows individuals and businesses to quickly access real estate equity to help address needs for liquidity as a result of COVID-19.

Commercial 421

Commercial Residential Equity Banks 421

Housing Wire

NOVEMBER 17, 2021

For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. The deal is set to close Dec. 1, and how much @properties paid to acquire Christie’s was not disclosed.

Brokerage 421

Brokerage Residential Equity Branding 421

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Everything can be done except for closing.

Mortgages 370

Mortgages Lending Investor Loans 370

Housing Wire

APRIL 11, 2022

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. “The potential sale appears to be a case when private equity is opportunistic because Black Knight’s stock has underperformed relative to expectations.

Equity 369

Equity Technology Lending Investor 369

Housing Wire

JANUARY 12, 2024

The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some residential mortgages. billion production in residential mortgages in 2023, compared to $44.7 The business grew to $9.8

Mortgages 450

Mortgages Banks Lending Equity 450

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Every deal is different – the amount of equity they forward and the fee that they charge for the service. “And then we have our agent commission.”

Equity 410

Equity Brokerage Mortgages Title 410