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 360

Equity Mortgages Finance Development 360

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 397

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 382

Equity Loans Lending Banks 382

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 457

Equity Purchase and sale agreement Loan Officer Lending 457

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 374

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 384

Housing Wire

MAY 23, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. HousingWire: Between inflation and additional interest rate hikes coming down the line from the Fed, why is now a smart time for lenders to start prioritizing home equity products?

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Equity Title Technology Loans 353

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.”.

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Equity Development As-is Agents 424

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. However, the market has shifted quite dramatically in the last couple of months.

Equity 356

Equity Mortgages Lending As-is 356

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.”. We do hope the GSEs start exercising market leadership [on special purpose credit programs],” a FHFA official said on a press call today.

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Equity Finance Loans Development 344

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

MAY 31, 2023

California-based lender loanDepot has promoted Alec Hanson , the company’s senior vice president of production for the West division, to the role of chief marketing officer. Hanson will also be responsible for the company’s originator-led field-level marketing capabilities.

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Marketing Equity Branding Development 354

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business.

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Mortgages Marketing Banks New Construction 400

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 339

Equity Marketing Loans Investor 339

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 397

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The National Consumer Law Center (NCLC) quickly lauded the development, according to an announcement issued by the organization.

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Closing costs Development Equity Mortgages 443

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.

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Equity Mortgages Loans Residential 332

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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Agents Equity New Construction Days on market 431

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.

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Equity Principal Development Construction 306

Housing Wire

APRIL 9, 2024

David O’Reilly, CEO of Howard Hughes Holdings which constructs planned communities, describes the market being “at the cusp,” saying that the demand appears to be coinciding with more members of Gen X nearing a time where they will become “empty nesters.” That’s normally the tipping point,” O’Reilly told the Times.

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Equity Construction Development Marketing 493

Housing Wire

JULY 26, 2023

It’s a difficult lending market right now — one in which lenders and servicers can’t afford to lose customers. And in a market where margins are razor-thin, acquiring new leads may not be in your operating budget. Precision Marketing from CoreLogic is a revolutionary way to approach lead generation.

Marketing 248

Marketing Lending Equity Technology 248

Housing Wire

APRIL 25, 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, The acquisition of AAG also presents a unique marketing opportunity for FAR to make use of a ubiquitous spokesperson.

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Mortgages Finance Equity Lending 317

Housing Wire

APRIL 26, 2022

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. But originators need to see the big picture that extends beyond our current economic climate—the market for reverse mortgages is enormous and growing. We have recorded trainings.

Mortgages 366

Mortgages Marketing Equity Loans 366

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 446

Loans FHA loan Equity Mortgages 446

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 389

Equity Loans Investor Mortgages 389

Housing Wire

NOVEMBER 15, 2022

Dan Catinella : Lenders should lean into the power of their tech stack as they try to cut costs in the current market situation. HW: What role does Customer Intelligence play in today’s challenging housing market? At the moment, this might also mean engaging customers with more educational content.

Loan Officer 415

Loan Officer Marketing Loans Technology 415

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Loans 290

Loans Equity Principal Development 290

Housing Wire

SEPTEMBER 2, 2022

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. million shares outstanding at a market price of $17.80

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Closing Marketing Investor Banks 434

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.

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Development Purchase and sale agreement Equity Technology 64

Housing Wire

JULY 27, 2022

These developments have essentially brought refinance originations to a screeching halt. Meanwhile, products like adjustable-rate mortgages and home equity lines of credit are being reintroduced. as well as rent, depreciation, general & administrative, marketing and other fixed expenses.

Mortgages 365

Mortgages Marketing Lending Loan Officer 365

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 401

Mortgages Bankruptcy Loans Equity 401

Housing Wire

APRIL 14, 2022

Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market. “We know that the mortgage industry is about boom and bust,” said Woodward. “It

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

MARCH 13, 2024

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. million, representing loans it has elected not to sell on the secondary market. 9 positions.

Mortgages 373

Mortgages Lending Equity Loans 373

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. real estate market and learned as much as they could.

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Development Equity Finance Industrial 75

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. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

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Lending Technology Loans Equity 376

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). Yet staggeringly few are aware of its existence.

Finance 442

Finance Seller concession Loan Officer Loans 442

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 358

Mortgages Equity Loans Industrial 358