Housing Wire

MARCH 31, 2025

Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. billion , is paying an equity value of $9.4 Mr. Cooper did about $23 billion in originations last year, according to Inside Mortgage Finance data. Coopers existing originations.

Finance

Housing Wire

OCTOBER 18, 2024

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. Ruoff Mortgage has been a trusted name in the industry for decades, and their dedication to client success aligns perfectly with our vision at Calque,” Calque CEO Michael Bremer said in a statement.

Purchase and sale agreement

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. Rates for high-risk borrowers sometimes exceed 12%.

Equity

Housing Wire

APRIL 10, 2025

Meet Danny van der Reis , a commercial real estate (CRE) finance veteran and executive vice president of servicing and asset management at Arbor Realty Trust. In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management.

Investor

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

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

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

Mortgages

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. In the case of FOA — the current industry leader — the earnings results were robust.

Investor

Housing Wire

MARCH 4, 2025

Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the companys digital and customer experience strategies. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.

Technology

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.

Equity

Housing Wire

NOVEMBER 4, 2024

As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. These are the questions that advocates who want to upend the real estate industry further cannot answer.

Debt-to-income ratio

Housing Wire

JUNE 13, 2025

Non-QM lending allows borrowers with nontraditional income sources, such as self-employed individuals, freelancers, and gig workers, to qualify for mortgage financing. A decade later, non-QM loans are considered a “ stable, crucial option ” by mortgage industry analysts. percent and 6.2 As the U.S.

Due diligence

Housing Wire

MAY 14, 2025

One of the nations leading reverse mortgage lenders, Finance of America (FOA), posted strong first-quarter 2025 earnings results. These were often seen as a benefit to the wider industry by individual reverse mortgage professionals. But the company is aiming to try something new with its A Better Way With FOA campaign.

Finance

Housing Wire

MARCH 10, 2025

This is according to nationally syndicated personal finance columnist Liz Weston in one of her latest pieces. The capital gains taxes will eat up any remaining equity after that reverse loan is paid. This reinforces what many industry professionals have tried to avoid namely, labeling the product as a loan of last resort.

Mortgages

Housing Wire

DECEMBER 23, 2024

Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. And some reverse-only companies have aimed to establish firmer ties with the much larger forward mortgage industry.

Lending

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

Housing Wire

FEBRUARY 6, 2025

The importance preparing yourself with non-QM options The mortgage industry is fickle. Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Luck and success favor the prepared and that fact remains in the mortgage industry. These loans go up to $2.5

Loans

Housing Wire

MAY 2, 2025

billion in mortgages in 2024, up 15% year over year, according to Inside Mortgage Finance data. Some prospective borrowers particularly those who fall outside rigid income qualification framework from Fannie Mae and Freddie Mac need to make non-contingent offers and move quickly without traditional financing roadblocks, the company stated.

Closing

Housing Wire

APRIL 1, 2025

An alternative home equity-tapping product backed by former executives from a reverse mortgage lender has been rolled out to several additional states, following an earlier move that secured hundreds of millions of dollars in financing. In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender.

Equity

Housing Wire

APRIL 3, 2025

Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies.

Marketing

Housing Wire

JULY 23, 2025

The Maryland-based mortgage broker has originated roughly $193 million in reverse mortgages in that time — easily the most production of any LO in the industry, according to mortgage data platform Modex. Per Modex, a significant chunk of Stultz’s business comes from equity-rich California. 4: Aline Simon, Finance of America, $80.98

Mortgages

Housing Wire

JUNE 6, 2025

The new program has $100 million behind it, according to reporting from CBS News , and will be managed by the California Housing Finance Agency (CalHFA). Reverse mortgage industry professionals reacted positively to the news when reached by HousingWire ’s Reverse Mortgage Daily (RMD). ” According to data from the U.S.

Mortgages

Housing Wire

OCTOBER 23, 2024

United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. Cash-out refis have gained popularity due to record-high home equity levels in recent years. UWM has debuted a new cash-out refi product without mortgage insurance.

Equity

Housing Wire

NOVEMBER 4, 2024

Global credit rating agency Morningstar DBRS last week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), confirming the ranking the company was assigned this past summer ahead of its earnings call this week. The rating is officially classified as “MOR RVO2” by Morningstar.

Loans

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. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector.

Residential

Housing Wire

MAY 21, 2025

And unlike most conventional builders , Samara doesnt just ship the units its a licensed mortgage broker that offers financing support to clients navigating the complexities of homeownership. We create our own finance product, McNamara said. “In industrial America, the construction industry usually has cost-ups,” he said.

Construction

Housing Wire

JULY 18, 2025

SecureEquity+ is the company’s initial entry into the proprietary reverse channel, which offers expanded borrower eligibility guidelines compared to the federally insured Home Equity Conversion Mortgage ( HECM ). 1 on last month’s industry leaderboard with 554 loans. It was also No.

Mortgages

Housing Wire

DECEMBER 30, 2024

While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. But there are also new opportunities for the industry in 2025, and the eternally optimistic reverse mortgage industry is more than ready to embrace them.

Mortgages

Housing Wire

APRIL 2, 2025

Top-five reverse mortgage industry lender Finance of America (FOA) announced on Wednesday that it has promoted Jonathan Scarpati to the role of chief production officer. Scarpati previously served as the company’s senior vice president of wholesale lending.

Equity

Housing Wire

JULY 9, 2025

Private equity firm GTCR announced on Tuesday that it has made a significant investment in national real estate analytics and data solutions company Clear Capital. The transaction represents Clear Capital’s first outside investment, with GTCR becoming the company’s majority shareholder and Andrews retaining substantial equity ownership.

Technology

Housing Wire

NOVEMBER 21, 2024

UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said in the interview.

Bankruptcy

Housing Wire

MARCH 27, 2025

TCB said the former executive, Robert Conway, was intimately involved in the financing and the pooling and securitization of Home Equity Conversion Mortgage ( HECM ) assets, mainly in securing financing for HECM assets before the assets were pooled and securitized.

Banks

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

The Close

NOVEMBER 26, 2024

Stabilize & Season Your Current Rental Property If you plan to finance multiple rental properties, start by stabilizing your current one. Lenders prefer to see fully stabilized properties when you’re looking for home equity loans or lines of credit. Zillow pulls its listing info from both MLS and other sources.

Finance

Housing Wire

OCTOBER 28, 2024

While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. On average, just one out of five homeowners who opted to refinance were retained by their original lender.

Loan Officer

Housing Wire

FEBRUARY 21, 2025

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. But that has required leadership, and the leadership at MBA, I think, should be complimented for taking a fresh look at the product, the industry and the program.

Mortgages

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