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 373

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 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 388

Equity Mortgages Development Design 388

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.

Finance 352

Finance Equity Mortgages Principal 352

Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

Finance 397

Finance Lending Title Mortgages 397

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 400

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.

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Investor Bankruptcy Finance Equity 400

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 336

Finance Mortgages Lending Equity 336

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. We believe there’s a significant opportunity to bring home equity for retirement into the mainstream.” Obviously, it’s hard to move right now, but people do have a lot of equity,” she said. “So,

Mortgages 318

Mortgages Finance Equity Lending 318

Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Equity 338

Equity Finance Loans Development 338

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 352

Equity Mortgages Lending As-is 352

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 389

Mortgages Finance Lending Equity 389

Housing Wire

FEBRUARY 2, 2024

Department of Housing and Urban Development (HUD) is not reducing its oversight of the housing finance ecosystem, the notice said. With application for all FHA Title I and Title II programs, this rule encompasses both forward mortgage lending and the FHA-sponsored Home Equity Conversion Mortgage (HECM) program.

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Mortgages Title Loans Lending 435

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

Mortgages 339

Mortgages Finance Equity Industrial 339

Housing Wire

APRIL 29, 2024

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. “It A lender makes monthly payments to you based on the equity in your home, using your home as collateral.

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Mortgages Equity Loans Closing 390

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 301

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

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Mortgages Finance Loan Officer Equity 421

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes. Category 1 is a different beast. Like the Roman god Janus, it has two faces.

Finance 383

Finance Principal Residential Development 383

Housing Wire

JANUARY 24, 2024

billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates. However, the billions of dollars in investment in affordable homeownership will focus on first-time homebuyers and home equity loans for LMI and minority borrowers, especially in the Boston, Baltimore, D.C., TD Bank’s plan also includes $7.5

Banks 360

Banks Lending Loans Finance 360

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.

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Development Equity Finance Industrial 76

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Development Title Lending 441

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 396

Mortgages Equity Loans Seller concession 396

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. In the past five years since re-entering the market, Fannie Mae has provided more than $3 billion in equity property investments throughout the U.S., billion in 2021 Green Financing : $9.1 billion Newmark: $4.6

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Finance Closing Equity Commercial 98

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.

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Equity Commercial Finance Technology 79

Housing Wire

NOVEMBER 21, 2023

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. For the past two years since the law went into effect, residents of these housing developments have had the opportunity to opt into rent reporting annually.

Development 419

Development Mortgages Equity Loans 419

Housing Wire

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. Prior to that, Amor was in product development and credit policy for over four years at FoA.

Finance 376

Finance Commercial Loans Title 376

Housing Wire

MARCH 4, 2024

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new data shows that the decline was not the same between the retail and wholesale channels of the business. The pullback in retail was not as severe as the one in wholesale.

Mortgages 359

Mortgages Equity Loans Industrial 359

Housing Wire

SEPTEMBER 13, 2022

DLD provides analysis, data insights, news and industry rankings focused on the lower and middle private-equity financing spaces along with coverage of private jumbo loans of $1 billion or more. KBRA Analytics’ acquisition of DLD closed quietly on Aug. 31 for an undisclosed sum, KBRA announced.

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Lending Finance Investor Equity 366

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , Approximately 91% of the company’s volume last year consisted of purchase loans, with refis accounting for 5% and the remaining share coming from home equity lines of credit (HELOCs). Going forward, Better is focused on driving market share and reaching profitability in the medium term.

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Loan Officer VA loan Loans Technology 406

Propmodo

JANUARY 13, 2024

But amid this gloomy outlook, one development firm in the city is contrasting the negative view of the office and finding ways to get offices designed, financed, and completed. GDS Development (GDSNY) was launched in 2007 by architects Michael Kirchmann and Alan Rudikoff. Less than 7.2 So far, GDSNY has completed more than $4.5

Development 57

Development Lending Finance Commercial 57

Housing Wire

SEPTEMBER 7, 2022

It also slows the amount of equity borrowers have in the property.). We are continually enhancing and updating our Smart Series products to ensure we are providing competitive non-QM financing options for our clients in current market conditions,” said Jeff Gravelle, co-head of production at NewRez, in a statement. “We

Mortgages 441

Mortgages Loans Equity Finance 441

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 119

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Presented by: Selene Finance. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

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Lending Loan Officer Finance Loans 371

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . Elzen, who will also report to Marshall, led the originations finance team and served as the chief financial officer of Xome , Mr. Cooper’s unit sold to Cyprexx Services LLC in September. .

Banks 389

Banks Principal Finance Equity 389

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. But in the wake of HUD’s announcement, some lenders have, privately, grumbled that there are not sufficient incentives to develop the programs.

Lending 381

Lending Finance Banks Equity 381

Housing Wire

JULY 28, 2022

According to a Worker Adjustment and Retraining Notification (WARN) alert submitted to the Employment Development Department (EDD), on July 18 the company cut 30 employees at its Thousand Oaks office, and two more who worked from Westlake Village. Prioritizing home equity solution s in a rising rate environment.

Equity 377

Equity Loans Title Mortgages 377

Housing Wire

APRIL 19, 2022

The Mill Valley, California-based REIT operates as a specialty finance house that invests in, acquires and securitizes residential loans. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As The Vesta Equity and Dwellsy investments were made in partnership with Frontiers Capital.

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Equity Technology Investor Residential 366