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WaFd Bank exits home mortgage lending, says model is ‘unsustainable’

Housing Wire

The company has notified customers that it will no longer accept new applications for home loans but will “continue to service all existing mortgage clients, including those with home equity lines of credit and homes already under construction.”

Lending 392
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Private equity shop Lovell Minnick acquires UniversalCIS

Housing Wire

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. “Providing a best in class service technology to those firms is an ever increasing need.

Equity 392
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 461
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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

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. We still see a more modest advance for new single-family home construction.

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Home prices are cooling, and condos in Florida are experiencing a deep freeze

Housing Wire

That’s according to the latest Mortgage Monitor report from ICE Mortgage Technology. While falling condo prices can erode equity levels among existing condo owners, they also afford modest relief to those looking to prospective home buyers. since mid-March. In fact, 95% of U.S.

FHA loan 275
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Citi looks to grow market share with mortgage.com platform

Housing Wire

The site, which was constructed throughout nearly all of 2024, launched post-live quality assurance (QA) and has been up for about a day, Burgard confirmed in an interview with HousingWire. Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025. .”

Marketing 410
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FirstClose reveals new feature to help consumers consolidate debt faster

Housing Wire

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. Borrowers can determine down payment amounts, monthly payment limits, and interest rates for home equity lines of credit ( HELOCs ) or home equity loans with a five- to 10-day closing process.

Equity 427