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.

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Equity Mortgages Principal As-is 317

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 320

Equity Mortgages Lending As-is 320

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

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 407

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.

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Equity Finance Loans Mortgages 347

Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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Pre-qualification Technology Equity Development 355

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

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Equity Technology Investor Lending 345

Housing Wire

SEPTEMBER 7, 2022

It also slows the amount of equity borrowers have in the property.). The new product comes amid mortgage rates around 6.25% and declining home sales. “We Our Smart Series products, like the 40-year IO, are developed to meet the needs of today’s borrowers and open the door to thousands of prospective homeowners.”.

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Mortgages Loans Equity Finance 433

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

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 382

Mortgages Equity Loans Seller concession 382

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 317

Mortgages Equity Loans Industrial 317

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. New-home sales were up nearly 24% in June year over year, according to the U.S. Meanwhile, existing-home sales plummeted by 19% in June year over year after declining by 20% in May, according to the National Association of Realtors.

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Land Construction Development Finance 362

Housing Wire

MARCH 19, 2021

Those investments include the sale of SunStreet solar and stakes in insurtech firms Hippo Home Insurance and Doma (formerly known as States Title ). In the last few years, the number of existing single-family homes for sale has decreased. Given the apartment business has ~$1 bln of invested equity today, this suggests at least $1.5

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Land Development Equity Construction 520

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , We are pleased to see early conversion improvements from this new operating model from the seasoned sales talent we are hiring, as well as better alignment between our production output and costs. About 80% of the mortgages at Better are now being funded as one-day products, Garg noted.

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Loan Officer VA loan Loans Technology 363

Housing Wire

NOVEMBER 21, 2022

Throughout this volatility, one constant has remained: the chronic and seemingly intractable deficit in single-family, 1–4-unit, entry-level homes for sale. This deficit greatly exacerbates the challenge of bringing equity to homeownership, particularly for low-to-moderate income (LMI) home buyers who are disproportionately people of color.

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Finance Design Equity Construction 333

Housing Wire

JULY 12, 2023

A seasoned veteran with 21 years of experience in the mortgage industry, Banks has held various leadership positions at Freddie Mac , most recently serving as a single-family sales & relationship manager. “There is a dire need for affordable housing in underserved communities,” said Banks.

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Banks Equity Mortgages Finance 289

Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. 03 Marketing Leaders Success Summit: The Future of Marketing.

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Title Lending Finance Development 353

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage. To date, LoanSnap has originated about $7.3

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Due diligence Mortgages Equity Loans 433

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Median new-home sales prices rose 17.5% That value lies primarily in our knowledge and expertise.

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Finance Loans Construction Equity 329

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Head Strategy and Sales. VP, Sales Training. SVP, Enterprise & Strategic Sales. Finance of America Companies.

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Title Lending Finance Technology 393

Housing Wire

FEBRUARY 10, 2021

Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Pamela Perry.

Fixed-rate mortgage 354

Fixed-rate mortgage Equity Investor Development 354

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

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Marketing Construction Development Investor 544

Realty Biz

MAY 4, 2021

Real estate development is quite a bit different from traditional real estate investing. The appeal of real estate development is the potential for higher operating profits during ownership and larger capital gains upon sale. Residential Development Project Scope.

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Development Purchase and sale agreement Land Due diligence 99

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . And they’re sitting on an estimated $10 trillion in home equity. Using home equity isn’t anything new.

Mortgages 344

Mortgages Marketing Equity Loans 344

Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. Our role in housing finance brings important responsibilities.”. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’”

Equity 365

Equity Inspection Real-estate owned Residential 365

Housing Wire

AUGUST 28, 2023

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 The lender’s gain-on-sale margin increased to 2.34% for the six months ended June 30, 2023, from 0.99% for the six months ended June 30, 2022. Better’s funded loan volume of $1.7 bank – in April 2023.

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Purchase and sale agreement Loans Banks Finance 306

Housing Wire

MAY 8, 2023

Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019. By comparison, renovated foreclosures that sold in 2019 had an average sales price of $244,000 — $133,000 (35%) lower than the average price of new homes. in April. “[We]

Renovation 365

Renovation Equity Mortgages Closing costs 365

Housing Wire

JULY 31, 2022

In anticipation of the shifting market conditions and the expected growth of home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for Real Estate Finance. This market-leading solution will make hybrid closings and eVaulting easier for real estate assets, including home equity loans.

Lending 300

Lending Equity Technology Banks 300

Housing Wire

MAY 31, 2023

In this role, Hanson will lead a consolidated marketing team and oversee the development of the brand, digital marketing, and the organic and digital lead generation campaigns, the company said. Hanson will also be responsible for the company’s originator-led field-level marketing capabilities.

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Marketing Equity Branding Development 316

Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. While only 7% of appraisals undershoot the contracted sale price in census tracts where at least half the population is white, that percentage is much higher in minority tracts.

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Development Sales Lending Equity 437

Housing Wire

MARCH 28, 2022

And, while iBuyers still only account for less than 1% of total home sales, they are a transformative force that is taking hold of the opportunity to eat into the real estate market, which in the U.S. For this strategy to work, iBuyers need to know all the elements of a sale beforehand to price out the purchase.

Marketing 361

Marketing Title Closing costs Technology 361

Housing Wire

NOVEMBER 4, 2021

Earlier this year, President Joseph Biden charged Department of Housing and Urban Development Sec. Discrimination in appraisals “robs Black families of billions of dollars in home equity and household wealth,” HUD Sec. Marcia Fudge with leading an inter-agency task force to root out bias in appraisals.

Equity 345

Equity Finance Development As-is 345

Calculated Risk Real Estate

JANUARY 22, 2024

From the NMHC: Financing Conditions Show Signs of Improvement, Apartment Market Continues to Loosen with Decreasing Deal Flow Apartment market conditions continued to weaken in the National Multifamily Housing Council's (NMHC) Quarterly Survey of Apartment Market Conditions for January 2024.

Marketing 69

Marketing Equity Finance Construction 69

Housing Wire

DECEMBER 7, 2020

The incoming Biden administration has made improving racial equity a pillar of its domestic policy agenda, and appropriately so. With home equity accounting for a quarter of total U.S. The typical agency financed nearly 3,000 loans that averaged about $7,200 in DPA, amounting to about 4.5% of the average home price.

FHA loan 480

FHA loan Debt-to-income ratio Loans Equity 480

Housing Wire

APRIL 15, 2021

On Wednesday, lawmakers published a draft version of the legislation, the “Downpayment Toward Equity Act of 2021,” ahead of a hearing held by the U.S. That qualification doesn’t apply if the borrowers’ parents lost their home in a foreclosure or short sale, or if the borrower has ever been in foster care, however. Maxine Waters chairs.

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Short sale Development Loans Equity 546

Housing Wire

DECEMBER 6, 2021

Besides the evidence drawn from the second appraisal, the Austin’s claim that Miller was biased because of the sales comparisons she used in valuing the home. For one, the Department of Housing and Urban Development has repeatedly declined to disclose to HousingWire the number of appraiser bias complaints it has received.

Development 371

Development Inspection Equity Mortgages 371

Housing Wire

DECEMBER 27, 2023

nationally, per Inside Mortgage Finance (IMF) estimates. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Some of their competitors are working off a similar playbook, acquiring top sales talent or mortgage servicing rights through M&A deals. .

Mortgages 359

Mortgages Bankruptcy Lending Loan Officer 359