Housing Wire

APRIL 13, 2023

The proposal is designed to offer additional flexibility for calculating market rent and using ADU rental income to help qualify for FHA-insured mortgage financing. “If

Finance 359

Finance Homeowner’s association Construction Loans 359

Housing Wire

JANUARY 3, 2024

population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. As the gap between high- and low-income homeowners widens, the equity they’ve built up in their homes could make a difference in the equation. As the U.S.

Equity 343

Equity Mortgages Development Design 343

Housing Wire

OCTOBER 5, 2021

Finance of America Mortgage (FAM), the multichannel lender, announced today that it is offering a refi product for homeowners with accessory dwelling units (ADUs). Most homeowners finance ADUs through home equity loans, cash-out refinancings and construction/renovation loans.

Finance 352

Finance Construction Loans Renovation 352

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. This is specifically designed to benefit consumers during the high rate environment, the agency said.

Closing 505

Closing Mortgages Equity Loans 505

Housing Wire

OCTOBER 29, 2021

The resurgence of alternative home equity tapping companies in the past few years has been of interest to the reverse mortgage industry due to the potential that business has to compete for seniors’ business. Seniors’ response to alternative equity tapping since COVID-19 onset. Eoin Matthews, CBO and co-founder of Point.

Equity 317

Equity Mortgages Principal As-is 317

Housing Wire

SEPTEMBER 14, 2023

” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. Nunes: Redwood also launched a home equity platform. For everybody else, unlocking that equity is even more expensive. What is the strategy here?

Equity 306

Equity Banks Investor Residential 306

Housing Wire

MAY 23, 2024

But they have also accumulated a good amount of equity over the last few years. How do we allow them to extract equity out of their house in a responsible way?“ On Wednesday, the Federal Housing Finance Agency (FHFA) closed the comment period for the proposal , which was opened in April. DeMarco said in the letter.

Equity 342

Equity Closing Mortgages Lending 342

Housing Wire

APRIL 18, 2024

The Federal Housing Finance Agency (FHFA) this week released its annual Housing Mission Report , offering insights into the actions the agency took in 2023 on a host of issues. These are designed to support homeownership efforts for borrowers in underserved communities. The GSEs also “invested over $1.7

Closing costs 316

Closing costs Loans Finance Design 316

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. I once did a 30-year mortgage for a 97-year-old woman,” Michael Becker, branch manager at Sierra Pacific Mortgage in Lutherville, Maryland, told Bankrate. So she was approved.”

Mortgages 343

Mortgages Equity Finance Design 343

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 344

Mortgages Finance Lending Equity 344

Housing Wire

MARCH 7, 2024

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 million in fourth-quarter 2023.

Mortgages 321

Mortgages Marketing Equity Finance 321

Housing Wire

SEPTEMBER 14, 2021

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. Redwood is excited to partner with Point.”.

Equity 171

Equity Mortgages Finance Industrial 171

Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. These funds can be utilized to consolidate debts or finance home improvement projects. The Loan Store, Inc.

Loans 318

Loans Pre-approval Equity Finance 318

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S. Securities and Exchange Commission (SEC).

Title 283

Title Closing Sales Finance 283

Housing Wire

MAY 22, 2024

One profiled couple in California hired an interior designer for $20,000, and spent another $95,000 on home modifications designed to more easily accommodate natural limitations to mobility that come from aging. It could play a role in alleviating the increasing prevalence of aging-associated financial burdens for senior homeowners.

Renovation 386

Renovation Equity Design Branding 386

Housing Wire

FEBRUARY 8, 2024

This is according to Steve Resch, vice president of retirement strategies at Finance of America Reverse (FAR), in a new column published by The Street. “[C]omparing The standard protocol for accessing equity has been to sell the property,” Resch said.

Equity 347

Equity Finance Loans Mortgages 347

HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. A bridge loan is a short-term financial solution designed to “bridge the gap” between selling your existing home and purchasing your new one.

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 21, 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. Imagine it as a short-term lending solution that taps into the equity of your current home.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

Housing Wire

AUGUST 2, 2022

Rocket Loans will provide financing to Rocket Solar customers who choose to have a solar electricity system installed, the company said. Prioritizing home equity solutions in a risin g rate environment. Inside Mortgage Finance reported that Rocket was the largest producing mortgage lender in the first half of this year.

Equity 363

Equity Loans Finance Title 363

Housing Wire

MARCH 28, 2024

After extending availability for the program to more qualified recipients in February, officials now warn that those who could benefit from the financial assistance — designed primarily as an option for homeowners who were financially impacted by the COVID-19 pandemic — will need to act quickly if they want help.

Mortgages 320

Mortgages Finance Equity Loans 320

Housing Wire

APRIL 11, 2024

It will initially be made available for its home equity line of credit (HELOC) product first before being rolled out to other lending products. Securities and Exchange Commission (SEC) regarding a proposed initial public offering of its equity securities.

Lending 282

Lending Technology Equity Loans 282

HomeLight

NOVEMBER 29, 2023

A bridge loan is a short-term financing solution designed to bridge the gap, allowing you to purchase your new Hawaiian dream home before you’ve sold your current one. It’s worth noting that bridge loans go by various names, including bridge financing, bridging loans, interim financing, gap financing, and swing loans.

Equity 86

Equity Loans Debt-to-income ratio Home sale contingency 86

HomeLight

NOVEMBER 30, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you.

Equity 89

Equity Loans Debt-to-income ratio Home sale contingency 89

HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is a financial lifeline for homeowners like you.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

DECEMBER 6, 2023

Designed as a short-term financing option, bridge loans empower you to secure your next home in Houston before you’ve sold your existing one, simplifying the buy-sell process significantly. A bridge loan, sometimes called a swing loan, bridging loan, interim financing, or gap financing, is a financial stepping stone.

Equity 85

Equity Loans Debt-to-income ratio Home sale contingency 85

HomeLight

DECEMBER 15, 2023

A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. A bridge loan is a practical, short-term financing solution designed to “bridge the gap” for homeowners like you. What is a bridge loan, in simple words?

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a financial lifeline that can synchronize the purchase of your new Minnesota home while leveraging the equity of your current property. A bridge loan isn’t just another financing option; it’s a strategic tool tailored for homeowners like you, seeking a seamless move in today’s complex market.

Equity 94

Equity Loans Debt-to-income ratio Staging 94

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. 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.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 7, 2023

Enter the bridge loan, a financial tool designed to bridge this very gap. As a short-term financing solution, bridge loans empower you to leap ahead to purchase your new Oklahoma home before saying goodbye to your old one, helping you keep all the pieces in place without the interim shuffle.

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 29, 2023

This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one. It taps into your existing home’s equity , providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 87

Equity Loans Debt-to-income ratio Home sale contingency 87

Housing Wire

JANUARY 29, 2024

Despite looking a bit different at the end of 2023, there were a lot of similarities in the full-year Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) issuance tables when compared to recent years. One thing that is much different compared to 2022, however, is total issuance. 1 position.

Mortgages 354

Mortgages Finance Equity Design 354

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated. “A

Mortgages 364

Mortgages Equity Loans Closing 364

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. In real estate, a bridge loan is a short-term financial tool designed to aid you during the overlapping period of selling your current home and purchasing a new one.

Equity 86

Equity Loans Debt-to-income ratio Home sale contingency 86

HomeLight

DECEMBER 6, 2023

Transitioning from one home to another often involves a delicate balance of timing and finances, especially in a market where inventory is scarce and prices are soaring. Enter the bridge loan – a short-term financing option that could be the key to securing your new home before you’ve sold your old one. You’re not alone.

Equity 91

Equity Loans Debt-to-income ratio Home sale contingency 91

Housing Wire

FEBRUARY 1, 2023

Designed specifically with the end-user in mind, Servicing Digital helps servicers deliver an outstanding, convenient and modern customer experience, which enhances growth and retention.” And because the app provides them with relevant information, it can help reduce the volume of consumer calls for the servicer’s customer service center.

Equity 327

Equity Lending Loans Design 327

HomeLight

NOVEMBER 17, 2023

As a short-term financing option, bridge loans in Illinois offer a unique opportunity. 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.

Equity 89

Equity Loans Debt-to-income ratio Home sale contingency 89