Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. Overall, we feel that this is positive as it helps to expand the industry to even more individuals that can benefit from a reverse loan,” Sciandra said.

Mortgages 384

Mortgages Equity Lending Loans 384

Housing Wire

MARCH 4, 2025

And while it seems that this is a tactic for elders to avoid high costs, high crime and over development, those who keep an eye on who moves where in America say it has been happening off and on for decades. But the potential value for older homeowners is not strictly monetary, the article said.

Equity 369

Equity Principal Development Staging 369

Housing Wire

OCTOBER 24, 2024

Valon intends to use the fresh capital to boost product development and expand its reach to new markets. This new funding demonstrates that we’ve hit the milestones to prove our software is best in class and will allow us to double down on our technology to deliver even more value to the industry.” The firm is currently valued at $1.1

Mortgages 420

Mortgages Technology Equity Industrial 420

Housing Wire

APRIL 25, 2025

Reverse mortgage professionals are preparing to travel to Irvine, California, for the industrys first event of the year, hosted by the National Reverse Mortgage Lenders Association (NRMLA). But NRMLAs board will also aim to look even further ahead by engaging members on-site about the potential dynamics of the industry beyond that scope.

Industrial 205

Industrial Mortgages Loan Officer Equity 205

Housing Wire

NOVEMBER 14, 2024

In the case of FOA — the current industry leader — the earnings results were robust. Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable.

Investor 368

Investor Mortgages Bankruptcy Equity 368

Housing Wire

MARCH 3, 2025

Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday. Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian.

Technology 421

Technology Residential Commercial Brokerage 421

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 367

Mortgages Loan Officer Equity Lending 367

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We

Construction 431

Construction Development Loans Lending 431

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

Equity 466

Equity Lending Banks Loans 466

Housing Wire

FEBRUARY 11, 2025

The Oregon state senates Committee on Housing Development held a hearing last week on a piece of proposed legislation that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property. Senate Bill (SB) 534 is positioned primarily as a consumer protection measure.

Mortgages 274

Mortgages Equity Industrial Loans 274

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Paul Giangrande “Paul brings a distinguished reputation in the mortgage industry with an uncanny sense of distribution. San Jose -based EquiFi Corp. ,

Equity 378

Equity Purchase and sale agreement Mortgages Finance 378

Housing Wire

NOVEMBER 8, 2024

Shallis, with over three decades of experience in the real estate industry has helped realtors, buyers, and sellers navigate all types of market conditions. Renting may seem like the safe bet, but renting offers zero equity growth and misses out on the tax benefits of homeownership. “Not

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

NOVEMBER 15, 2024

The health of the Home Equity Conversion Mortgage ( HECM ) book of business remains strong from FHA’s perspective, as its economic value has increased while the portfolio overall has recovered from issues that previously put it on shaky financial footing. This is a developing story. As of Sept.

Equity 384

Equity Short sale Loans Development 384

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. If you’ve watched our development over the past several years, you’ve witnessed deliberate, strategic growth across all of our channels.

Principal 421

Principal Branding Investor Industrial 421

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 421

Equity Purchase and sale agreement Marketing Lending 421

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 469

Equity Loans Investor Mortgages 469

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 405

Equity Mortgages Finance Development 405

Housing Wire

APRIL 8, 2025

An option rooted in hopes for the industry The companys HECM borrowers will now be able to securely review and e-sign most documents from home, the company said, beginning at midnight on the appointed closing day. Department of Housing and Urban Development (HUD) rules still require such signatures on certain documents, the company explained.

Closing 257

Closing Mortgages Lending Technology 257

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages 371

Mortgages Technology Loan Officer Loans 371

Housing Wire

FEBRUARY 22, 2023

HousingWire’s Rising Stars award recognizes housing professionals 40 years old and younger who are making a major impact on the industry. Meg Parker Young: Climate and racial equity work will have to get closer and closer together. You cannot address climate risk without addressing systemic and pervasive equity issues.

Equity 384

Equity Finance Industrial Development 384

Housing Wire

NOVEMBER 13, 2024

After starting with the importance of focused information and certain reverse mortgage product features , the pair went deeper into other longstanding elements that some industry participants might be misinformed about. Jones, a reverse mortgage is a ‘rising debt, falling equity’ loan,” he said. “As Industry regulators — including U.S.

Equity 365

Equity Mortgages Principal Loans 365

Housing Wire

APRIL 10, 2025

To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. HW: What’s one significant shift you’ve seen in the industry over the years, and how has it changed how multifamily investors approach financing? A change is needed.

Investor 440

Investor Commercial Finance Technology 440

Housing Wire

MARCH 26, 2024

As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. Stated differently, you are dealing with individuals that may be in an equity prison. It comforts them for a brief moment.

Equity 432

Equity Loans Bankruptcy As-is 432

Housing Wire

NOVEMBER 29, 2024

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. homeowners are sitting on a record level of about $35 trillion in home equity. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs.

Mortgages 356

Mortgages Equity Loans Title 356

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

Branding 318

Branding Equity Lending Finance 318

Housing Wire

FEBRUARY 26, 2025

What they found was a product type that had yet to reach their shores in the form of the Home Equity Conversion Mortgage (HECM) for Purchase (H4P). They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away.

Mortgages 274

Mortgages Banks Equity Development 274

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 412

Equity Marketing Loans Investor 412

Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. But, of course, there are also challenges.”

Industrial 415

Industrial Mortgages Finance Development 415

Housing Wire

OCTOBER 16, 2024

Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC). Housing counseling is a critical element of the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage ( HECM ) program.

Industrial 404

Industrial Banks Lending Equity 404

Housing Wire

MAY 1, 2025

eXp Realty has launched an initiative that allows agents to name both a primary and secondary mentor, formalizing a shared leadership model that aims to improve agent support, retention and development. This is about honoring how real influence and support work in our industry, Leo Pareja , CEO of eXp Realty, said in a statement.

Agents 265

Agents Commercial Equity Development 265

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. As more older adults state their desires to age in place in their current homes and with baby boomers owning as much as half of all U.S.

Inspection 254

Inspection Mortgages New Construction Equity 254

Housing Wire

MAY 5, 2025

Reverse mortgage industry performance metrics have been soft so far in 2025, but two key data points involving Home Equity Conversion Mortgage ( HECM ) volume and HECM-backed Securities ( HMBS ) issuance saw promising increases in April. Some of this appears to stem from a recent website redesign unveiled by the department, McCue said.

Mortgages 346

Mortgages Loan Officer Industrial Loans 346

Housing Wire

MAY 21, 2025

Rapid relief for wildfire victims Samara is partnering with Steadfast LA a nonprofit founded by developer Rick Caruso to provide free prefabricated homes to Los Angeles County residents who lost their houses in the January 2025 wildfires and lack the resources to rebuild. We create our own finance product, McNamara said.

Construction 336

Construction Finance Development Industrial 336

Housing Wire

JANUARY 28, 2025

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. Ruimy: The BPL sector is a very fragmented industry with a lot of different players.

Residential 341

Residential Lending Finance Banks 341

Housing Wire

JANUARY 8, 2024

To continue fostering innovation across the industry and better serve these homebuyers, regulators must take aim at one of the largest impediments to innovation: monopolies. The formation of a monopoly in the mortgage industry would slow the introduction of new solutions that would improve access to credit and customer experience.

Equity 450

Equity Lending Technology Banks 450

Housing Wire

AUGUST 28, 2024

Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. Can you tell us more about these investments and what they mean for the mortgage industry? HW: How do you ensure your products remain ahead of the curve in such a rapidly evolving industry?

Technology 397

Technology Industrial Mortgages Development 397

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.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370