Housing Wire

NOVEMBER 12, 2024

The funding will go to support the company’s specialty home equity-tapping product known as the Cornerstone Home Equity Insurance/Investment Funding Solutions (CHEIFS). The product operates similarly to a shared equity investment. CHEIFS is currently available in four states: Arizona , California , Florida and Pennsylvania.

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Equity Finance Mortgages Bankruptcy 367

Housing Wire

FEBRUARY 24, 2025

While many retirees often do not intend to tap their home equity to finance such moves, they may often end up doing so. But they remain largely exposed to LTC expenditures, leading some to go against their expectation and to tap their homes equity to cover these costs. Such shocks also lead to reductions in expected bequests.

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Equity Finance Construction Development 342

Housing Wire

DECEMBER 16, 2024

Homeowners have generally done well over the last few years in accumulating home equity wealth. Since the onset of the pandemic, average equity per borrower increased by about $117,000 nationally, totaling almost $312,000 per mortgaged borrower. Aggregated across borrowers with a mortgage, home equity adds up to almost $17.5

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Equity Mortgages Loans Design 370

Housing Wire

FEBRUARY 12, 2025

homeowners with access to their tappable home equity. The expansion adds 10- and 30-year fixed-term options to the companys existing 20-year fixed-rate home equity loan, which the company has designed as complements to its first-lien and second-lien home equity lines of credit ( HELOCs ).

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Equity Loans Lending Mortgages 370

Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

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Equity Loans Lending Branding 417

Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5

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Equity Lending Loans Renovation 370

Housing Wire

MARCH 31, 2025

Following a rise to an all-time high in the second quarter, senior-held home equity saw a modest decline in the third quarter and endured a more severe drop in the fourth quarter. Homeowners 62 and older saw their collective home equity levels drop by 1% in Q4 2024 to a total of $13.95 home equity. This is encouraging news.

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Equity Finance Mortgages As-is 304

Housing Wire

APRIL 9, 2025

We’ve seen a lot of baby boomers staying in their houses because they’ve gained a lot of equity and don’t want to have to pay capital gains taxes, she said. This is a really great strategy, because if your kids inherit your house after you pass away, they could sell the property tax-free.

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Equity Mortgages Industrial Loans 386

Housing Wire

JUNE 23, 2025

Instead of refinancing, they’re tapping into their equity through home equity loans and HELOC s to finance renovations, cover tuition, or consolidate high-interest debt. The next step is simple: Utilize them earlier in the origination workflow, especially for lower-risk home equity transactions. Alternatives are allowed.

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Lending Equity Loans Technology 334

Housing Wire

NOVEMBER 1, 2024

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation , home renovation and student loan repayment. Investors, meanwhile, are leveraging the option to expand their property portfolios. There’s more demand than supply,” he added.

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Equity Debt-to-income ratio Mortgages Investor 385

Housing Wire

MAY 20, 2025

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. You take out the equity in the home you have and try to get it as close to the home you want. trillion in available equity among U.S.

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Equity Loan Officer Banks Loans 312

Housing Wire

MARCH 13, 2025

Home equity increased nationally by $281.9 year over year, according to the latest CoreLogic Homeowner Equity Report (HER), released Thursday. But the report also noted rising negative equity in some sunbelt states, along with Oregon and Washington, D.C. The average borrower had $303,000 in home equity at the end of 2024.

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Equity Mortgages Residential As-is 254

Housing Wire

MAY 20, 2025

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs.

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Equity Mortgages Loans Development 286

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

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Equity Lending Residential Branding 364

Housing Wire

JUNE 24, 2025

home equity hit an all-time high of $34.5 Along with the rise in equity, total mortgage debt has actually fallen by a marginal amount — from $13.4 Dan McCue, a researcher with JCHS, said that record-high home equity has uneven benefits on the housing market overall. trillion in 2024. That’s more than triple the $11.4

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Equity Industrial Mortgages Principal 265

Housing Wire

MAY 8, 2025

homeowners would consider tapping their home equity via products like a home equity line of credit ( HELOC ) due to ongoing concerns about the economic climate, stemming from a rise in volatility and uncertainty over the past three years. Still, the rise in the potential use of home equity lending comes with caveats.

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Lending Equity As-is Mortgages 316

Housing Wire

APRIL 16, 2025

Home equity levels among U.S. Among the lesser anticipated consequences, high amounts of home equity can limit the amount of financial aid that some prospective college students are eligible for. Generally speaking, homeowners also appear reluctant to tap into their home equity despite its meteoric growth over the past five years.

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Equity Lending Mortgages As-is 304

Housing Wire

APRIL 21, 2025

As one of only a few states considering more stringent regulation of the home equity investment (HEI)/home equity contract product category, lawmakers in the state of Washington have requested an academic study to assess the impacts on state residents who may use an HEI to tap into their home equity.

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Equity Principal Loans Mortgages 280

Housing Wire

JULY 7, 2025

A rise in negative equity and exposure to student debt are creating “pockets of vulnerability” for U.S. Borrowers with minimal equity — particularly those who purchased recently — are often the first to be exposed when home prices soften. homeowners. Identifying and engaging these borrowers early may prevent hardship later.”

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Equity Mortgages FHA loan Loans 262

Housing Wire

MAY 5, 2025

San Francisco-based home equity solutions provider Unison announced Monday that it’s lowering the annual percentage rate (APR) on its Equity Sharing Home Loan, an alternative funding vehicle aimed at helping U.S. homeowners tap into record levels of equity.

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Equity Loans Mortgages Finance 307

Housing Wire

APRIL 22, 2025

As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity , reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products.

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Equity Marketing Finance Mortgages 339

Housing Wire

OCTOBER 31, 2024

This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.

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Mortgages Equity Loan Officer Loans 416

Housing Wire

OCTOBER 10, 2024

Mortgage lenders can also benefit from these projects through a variety of products, including home equity lines of credit (HELOCs). The vast amount of home equity accumulated across the country could be a path to addressing these issues. And there are now 32 million borrowers who have at least $100,000 in tappable equity.

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Renovation Equity Lending Banks 460

Housing Wire

MAY 28, 2025

Arrive Home has launched two new iterations of its Earned Equity Program (EEP), which helps consumers achieve homeownership through a long-term purchase contract. The program is now available through two separate products designed for different groups of borrowers: EEP Pathway and EEP DocLight.

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Equity Design Banks Mortgages 286

Housing Wire

DECEMBER 5, 2024

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. trillion in equity, of which $11.2 At the end of third-quarter 2024, U.S. mortgage holders held $17.2

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Equity Technology Brokerage Mortgages 376

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. While the companies remain quiet on their plans, some Bay Equity employees arent waiting for answerstheyre already looking for new jobs. They will be a great fit.

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Loan Officer Equity Loans Brokerage 383

Housing Wire

DECEMBER 9, 2024

The company closed deals with struggling power buyer firm Ribbon in May 2023, home maintenance company Onder in September 2023, home equity investment firm Balance Homes in December 2023 and home equity investment firm HomePace in May 2024. An acquisition spree followed.

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Equity Investor Residential Closing 370

Housing Wire

JUNE 26, 2025

“I have clients that bought three years ago, five years ago, and they might be sitting on, you know, $40,000, $60,000, or $75,000 in that short span of a potential equity gain. ” As for managing past clients’ expectations, Cohen said that he reframes the conversation to focus on the borrower’s equity at hand.

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Mortgages Equity Loans Loan Officer 402

Housing Wire

JANUARY 27, 2025

Servicing Digital can help customers perform “what-if” scenarios regarding their property, including options to build equity and the benefits or drawbacks of refinancing or paying down their loan. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

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Equity Technology Loans Mortgages 368

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

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FHA loan Mortgages Equity Loans 403

Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times.

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Title Equity Loans Closing 362

Housing Wire

OCTOBER 24, 2024

The rest are saving their equity with us by either selling to us or allowing us to list.” But the magnitude of the discount for some buyer segments, coupled with an analysis of subsequent resales (flips), points to possible equity stripping in some cases. Most of the homeowners don’t qualify for refinancing. “I

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Bankruptcy Equity Hard money loan Finance 430

Housing Wire

OCTOBER 16, 2024

The new product, dubbed Conventional Cash-Out 90, allows borrowers to tap into an additional 9.99% of their home’s equity without the coverage, the company said. UWM said the product helps “homeowners take full advantage of today’s record-high home equity.” The offering has some limitations.

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Mortgages Equity Loans Banks 417

Housing Wire

JUNE 3, 2025

Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories and some U.S.-based While reverse mortgages in the U.S. based lenders have taken notice. But as the world keeps spinning, reverse mortgage players in other countries are making moves.

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Mortgages Equity Banks Lending 428

Housing Wire

MAY 13, 2025

On the other hand, homeowners not only tend to have strong credit scores, but they also possess a significant amount of equity in their homes. Now, most homeowners have a ton of equity to sell and almost 40% of homes in America dont even have a mortgage.

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Bankruptcy Equity Loans Lending 471

Housing Wire

NOVEMBER 12, 2024

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

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Mortgages Equity Lending Design 370

Housing Wire

JANUARY 22, 2025

For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity. Every distressed customer deserved a chance to protect their equity, and Auction.com is going beyond auctions to make that possible, President Ali Haralson said in a statement.

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Proof of funds Equity Technology Banks 370