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 430

Equity Mortgages Development Design 430

Housing Wire

NOVEMBER 6, 2023

The use of artificial intelligence (AI) is poised to grow amid higher origination costs and greater competition, but without correcting the underlying causes of bias in data, AI models can embed racial equity inequality on a larger scale, a recent report from the Urban Institute concluded. “It

Equity 406

Equity Mortgages Finance Development 406

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. That’s all it says.”

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Development Loans Banks Mortgages 421

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. . ” U.S. ” U.S.

Equity 384

Equity Loans Lending Banks 384

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 466

Equity Purchase and sale agreement Loan Officer Lending 466

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.”

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Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. HousingWire: In a rising rate environment where a large percentage of homeowners have record-low mortgage rates secured, the lending industry is turning an eye to home equity.

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Equity Lending Technology Industrial 420

Housing Wire

FEBRUARY 22, 2023

This means ensuring our work is not limited by department or business unit silos, and that we continue to grow the core case for aligned business outcomes and impact at scale — including driving racial equity, housing stability and climate resilience.” You cannot address climate risk without addressing systemic and pervasive equity issues.

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Equity Finance Industrial Development 384

Housing Wire

JULY 28, 2021

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. The post Blend launches housing equity program appeared first on HousingWire.

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Equity Lending Banks Development 410

Housing Wire

MAY 23, 2022

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. Barry Coffin : It’s a good time to prioritize home equity transactions for a couple of reasons.

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Equity Title Technology Loans 383

Housing Wire

SEPTEMBER 18, 2020

Last week, Keller Williams ’ International Agent Leadership Council voted unanimously on a motion to amend its belief system and to add an additional committee, as introduced by Kymber Menkiti and John Clidy, co-chairs of the KW National Social Equity Task Force. This mindset should be included in our belief system.”.

Equity 432

Equity Development As-is Agents 432

Housing Wire

JUNE 8, 2022

We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. The more than six-month delay, FHFA officials said, was due to the development of the pilot transparency program, and the time it took to scrub proprietary information from the plans.

Equity 369

Equity Finance Loans Development 369

Realty Biz

OCTOBER 25, 2023

Stoic Equity Partners has recently added Brent Barkin to its team. Barkin, formerly the CEO of Shoe Station and SVP of Shoe Carnival, has joined the firm as the Director of Business Development. In his new role at Stoic Equity Partners, Barkin will be responsible for overseeing investor outreach and sponsorship opportunities.

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Equity Development Commercial Branding 62

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. Older Americans are sitting on a record $10 trillion in home equity.

Equity 370

Equity Mortgages Lending As-is 370

Housing Wire

MARCH 20, 2024

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week. JP Morgan Chase & Co. and Jefferies Financial Group Inc. — to take its lending division, LendCo , public.

Lending 420

Lending Equity Technology Banks 420

Inman

DECEMBER 5, 2023

ReAlpha, buoyed largely by the ongoing proliferation of AI in proptech, has acquired a 25-person AI development firm, Naamche, in a cash and equity deal.

Development 150

Development Equity Technology 150

Housing Wire

APRIL 4, 2024

Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 million in “sweat equity grants” will go to support four nonprofit housing providers. million in “sweat equity grants” will go to support four nonprofit housing providers. will receive $1 million.

Equity 344

Equity Principal Development Construction 344

Housing Wire

OCTOBER 21, 2020

The nonbank lender, headed by former Citi mortgage executive Sanjiv Das , operates in retail, wholesale and correspondent channels, and has developed a large book of business in the purchase space. The post Ahead of its IPO, Caliber gives its private equity owner $300M in cash appeared first on HousingWire.

Equity 388

Equity Mortgages Loans Residential 388

Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. LaRue, meanwhile, will focus on the expansion of EasyKnock’s technology platform.

Equity 409

Equity Technology Lending Development 409

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 421

Investor Bankruptcy Finance Equity 421

Housing Wire

MARCH 27, 2024

Department of Housing and Urban Development (HUD)-approved Home Equity Conversion Mortgage (HECM) loan counselors. “Joining Ibis Software represents an exciting opportunity to leverage my industry insights and contribute to the company’s ongoing success,” Sivori said in a statement.

Equity 432

Equity Banks Industrial Mortgages 432

Realty Biz

MARCH 25, 2023

As Quattro Development co-founders Rob Walters and Mike Liyeos discovered firsthand, creating your own business is anything but easy. The duo founded the build-to-suit real estate development enterprise Quattro Development in 2008. When we started our company, we had an equity partner that was going to be our money.

Development 83

Development Equity Finance Industrial 83

Housing Wire

JANUARY 17, 2024

Department of Housing and Urban Development (HUD) Marcia Fudge suggested to a congressional committee that the department could consider eliminating life-of-loan premium requirements for mortgages backed by the Federal Housing Administration (FHA), but did not offer any indication about the issue’s priority level at HUD.

Loans 466

Loans FHA loan Equity Mortgages 466

GeekEstate

MARCH 4, 2024

Company Description EasyKnock is a equity solutions platform giving homeowners flexible, quick solutions for their financial needs. Role Description The Director of Business Development and Partnerships will lead their growing team in establishing and nurturing strategic partnerships and driving business development initiatives.

Development 62

Development Purchase and sale agreement Equity Technology 62

Housing Wire

APRIL 9, 2024

In new developments, [Gen X buyers] are seeking access to health and wellness amenities, like hiking trails and tennis courts, as well as opting for home features like showers instead of bathtubs, for instance, and asking for the latest gadgets to help them as they age,” the reporting said.

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Equity Construction Development Marketing 500

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%

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Equity Lending Finance Loans 360

Housing Wire

JANUARY 23, 2024

It’s a delicate balance between interest rates and equity. If rates drop and equity levels rise, homeowners may be more inclined to release their properties into the market, capitalizing on the accrued equity to offset higher interest rates.

Agents 450

Agents Equity New Construction Days on market 450

Realty Biz

DECEMBER 5, 2023

Alexandria Real Estate Equities, Inc. With strong financial skills and a nearly three-decade track record as a distinguished equity research analyst covering the REIT sector, Sheila will add significant value to Alexandria and for our stockholders. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc.

Equity 85

Equity Commercial Finance Technology 85

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Lending 419

Lending Technology Loans Equity 419

Housing Wire

AUGUST 23, 2023

The Board fined Regions “for its failure to effectively monitor a portfolio of home equity loans for compliance with flood insurance regulations due to changes in loan servicing platforms and third-party service providers,” noting that the bank had a pattern of individual violations of flood insurance regulations. -based Regions Bank $2.95

Banks 369

Banks Equity Loans Residential 369

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 418

Mortgages VA loan Principal Loans 418

Brownstoner

JUNE 19, 2023

As they workshop their proposal to open a new casino in Coney Island, Thor Equities, the team of developers behind the bid, have announced they believe the new gaming facility would bring roughly 4,000 union jobs to the neighborhood.

Development 75

Development Equity 75

Housing Wire

JANUARY 16, 2024

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement. HECM warrants special attention because of demographic trends, and the financial circumstances of older Americans.

Mortgages 431

Mortgages Bankruptcy Loans Equity 431

Housing Wire

FEBRUARY 21, 2024

Tane Cabe Prior to joining Fairway in 2022 as the reverse division’s business development manager for the Home Equity Conversion Mortgage (HECM) for Purchase program, Cabe served as VP of 55places Mortgage and as a branch manager for Churchill Mortgage originating HECM and standard home loans.

Mortgages 410

Mortgages Loan Officer Lending Loans 410

Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) and Ginnie Mae largely deny any allegations made against the company in the original complaint. Attorneys for the U.S.

Banks 439

Banks Title Equity Development 439

Realty Biz

JANUARY 10, 2022

Many more people live in the surrounding area on acreage or at least large lots that have been individually developed. We think there might be good money to be made by developing the acreage into a residential development with large lots (1/2 acre each). How do real estate developers make money? Thanks in advance.

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Development Land Due diligence Investor 125

Brownstoner

AUGUST 16, 2023

In the News A Private Equity Firm Might Be Your Next Landlord [NYT] How Brooklyn Public Library Cards Became the Jay-Z Merch of the Moment [NYT] One Dead in ‘Suspicious’ Brownsville Apartment Building Fire [NYP] Bed Stuy Cafe Faces Boycott Over Allegations of Labor Injustice [BK Reader] Concertgoers Demand Changes at Brooklyn Mirage After Deaths… (..)

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Development Equity 91