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Flyhomes acquires Home Sale Assured

Housing Wire

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. The terms of the deal were not disclosed.

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Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million; and pool 3, $312.9

Loans 382
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. billion have been completed.

Equity 433
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Home equity products light up a dark housing market

Housing Wire

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. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

Equity 414
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Ocwen to buy $48B MSR package from AmeriHome

Housing Wire

will acquire 178,000 loans sold to or securitized by Fannie Mae and Freddie Mac , boosting its overall total servicing portfolio by about 16%. Ocwen’s acquisition of the MSR portfolio is expected to close later in the second quarter, with the underlying loans transferring in September. Presented by: MCT.

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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. Its parent Rocket Companies rode the wave to a stunning $9.4 billion in profit in 2020 and $6.1 billion in 2021.

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Better reports improved net loss of $45.5 million in Q2

Housing Wire

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. on Thursday — funded a loan volume of $1.7 billion across 4,768 loans in the first six months of 2023. Better’s funded loan volume of $1.7 million from April to June. on August 28.