Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% Year over year, pending sales are showing promise in every region of the U.S, As talk of an urban exodus continues, the Northeast’s pending home sales slid 5.9% Right now the Census Bureau and Department of Housing and Urban Development estimate a current supply of 3.3 compared to a year ago.

Sales 532

Sales Development Equity Land 532

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 337

Equity Mortgages Lending As-is 337

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.

Pre-qualification 315

Pre-qualification Technology Equity Development 315

Housing Wire

APRIL 26, 2024

In certain circumstances, the program would allow for inclusion of “an ‘interested party contribution’ [of] up to six percent of the sales price,” according to the original plan. The National Consumer Law Center (NCLC) quickly lauded the development, according to an announcement issued by the organization.

Closing costs 423

Closing costs Development Equity Mortgages 423

Housing Wire

OCTOBER 21, 2020

million Class A sales, plus $115 million in preferred stock, according to the amended S-1. “The selling stockholder [Lone Star’s affiliate] will receive all of the net proceeds from the sale of shares of our common stock offered pursuant to this prospectus,” the S-1 reads. million from the year prior.

Equity 306

Equity Mortgages Loans Residential 306

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 377

Investor Bankruptcy Finance Equity 377

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. It’s a delicate balance between interest rates and equity.

Agents 414

Agents Equity New Construction Days on market 414

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. 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 350

Lending Technology Loans Equity 350

GeekEstate

MARCH 4, 2024

We have a job opportunity to share from a member of GEM Diamond, EasyKnock , an institutionalized sale-leaseback residential platform. Company Description EasyKnock is a equity solutions platform giving homeowners flexible, quick solutions for their financial needs.

Development 64

Development Purchase and sale agreement Equity Technology 64

Housing Wire

JULY 7, 2021

Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. The sale of Champion.

Sales 386

Sales Mortgages Branding Principal 386

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. AARP applauds HUD’s update to its Home Equity Conversion Mortgage for Purchase Program which keeps vital consumer protections in place,” Jones said.

Mortgages 325

Mortgages Closing costs Equity Construction 325

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.

Technology 421

Technology Development Title Lending 421

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. 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. What is reverse purchase financing?

Finance 428

Finance Seller concession Loan Officer Loans 428

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 346

Mortgages VA loan Principal Loans 346

Housing Wire

OCTOBER 19, 2023

” The Mullin Group was among the top mega teams in Nevada by sales volume, according to the 2023 RealTrends ’s America’s Best ranking. It ranked 8th for residential sales volume, with a total of $46,687,375. “It enables us to level up skills and support, ensuring our associates and clients are prepared for the future.”

Principal 380

Principal Technology Equity Residential 380

Housing Wire

OCTOBER 4, 2021

There is still ample opportunity in the market for lenders to rope in refi business, according to a quarterly report published Monday by Sales Boomerang. The report – which is compiled using data sourced from more than 150 residential mortgage lenders – found that one in 12 borrowers saw “significant home equity growth” in the third quarter.

Equity 414

Equity Sales Mortgages Residential 414

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

Equity 392

Equity Loan Officer Loans Technology 392

Housing Wire

NOVEMBER 13, 2023

Sales prices don’t go up or down based on closing costs. The Economist also writes that according to a 2019 Brookings Institution report, Realtor fees consumed a quarter of the capital gains earned in an average home sale. Louis Federal Reserve that says American home equity amounted to nearly $30 trillion at the end of 2022.

Closing costs 344

Closing costs Equity Agents Technology 344

Housing Wire

JANUARY 12, 2024

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

Mortgages 362

Mortgages Finance Lending Equity 362

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 332

Mortgages Equity Loans Industrial 332

Housing Wire

FEBRUARY 24, 2021

Foreclosure starts and sales activity managed historic lows in January with starts down 86% year-over-year and sales down more than 95%. Borrowers also have the most equity available to them in history, and those with ample home equity could exit their home, if they needed to, with their credit intact and potentially some cash in hand.

Mortgages 431

Mortgages Equity Loans Development 431

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

Finance 447

Finance Construction Loans Renovation 447

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.”.

Mortgages 433

Mortgages Loans Equity Finance 433

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.

Marketing 333

Marketing Equity Branding Development 333

Housing Wire

MAY 13, 2024

Residential sale-leaseback platform EasyKnock has acquired the assets of home equity investment firm HomePace , the company exclusively told HousingWire on Monday. HomePace, founded in 2020, specializes in helping homeowners access their equity through home equity agreements. Meanwhile, more than 9 million U.S.

Equity 339

Equity Purchase and sale agreement Residential Investor 339

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. ” Tapping that equity. ” Just a little less vanilla. Jumbo loan volume increased 3.1%

Mortgages 389

Mortgages Equity Loans Seller concession 389

Housing Wire

OCTOBER 23, 2020

As chief investment officer, Morillo will oversee the strategy and development of the company’s pricing capabilities, as well as its data science initiative, tapping into his experience in risk, modeling and asset management at some of the world’s biggest investment companies to help grow Opendoor.

Equity 349

Equity Commercial Development Technology 349

Housing Wire

JULY 5, 2023

District Court for the Western District of Texas by a group of current and former staffers from the company’s bilingual mortgage sales team alleging race-based discrimination. For example, Wells Fargo has developed an ‘Earn the Business’ program for the Bilingual team.

Mortgages 353

Mortgages Closing costs Lending Closing 353

Housing Wire

JUNE 24, 2021

By the time the average US homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity, however, the challenge is most homeowners don’t consider their home an asset. For more information, visit getbuyside.com or email sales@getbuyside.com.

Pre-approval 292

Pre-approval Equity Loan Officer Brokerage 292

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. The sum entails a $240 million cash payment and approximately 13.2 million shares of nCino common stock, nCino said.

Banks 367

Banks Technology Equity Development 367

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

MAY 23, 2022

In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels. According to Rick Seehausen, CEO of Cherry Creek, Hogle prides himself on successfully unifying sales and operational teams. “We

Mortgages 363

Mortgages Lending Development Equity 363

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets.

Debt-to-income ratio 471

Debt-to-income ratio Agents Equity Closing costs 471

Housing Wire

MAY 18, 2023

Co-issue loan sales, also known as flow-based mortgage servicing rights sales , are three-way transactions involving the sale of loans to one of the agencies, with a simultaneous sale of the MSRs to a separate third party. released a marketplace for co-issue loan sales dubbed BAMCO.

Loans 337

Loans Banks Mortgages Equity 337

Housing Wire

JULY 26, 2023

Precision Marketing was developed as a way for lenders and servicers to cross-sell and up-sell to their existing client base, growing their wallet share via extensive CRM enrichment. Detailed intelligence on their customer base.

Marketing 228

Marketing Lending Equity Technology 228

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. among others. among others.

Mortgages 312

Mortgages Principal Banks Equity 312

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. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Instead, investors bought the run-down properties in bulk sales.

Equity 374

Equity Inspection Real-estate owned Residential 374