Housing Wire

FEBRUARY 21, 2024

An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. We believe our past experience investing in the mortgage industry previously enabled us to move quickly and provide certainty of closing.”

Equity 300

Equity Loans Mortgages Finance 300

Housing Wire

DECEMBER 3, 2023

Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Rising equity levels are also contributing to low default and foreclosure activity. In 2024, roughly 75% of originations expected to come from purchase loans.

Equity 417

Equity VA loan FHA loan Mortgages 417

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Read on for Hometap’s business model and areas of potential partnerships with other players in the housing industry.

Equity 320

Equity Marketing Investor Loans 320

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 351

Equity Finance Industrial Development 351

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 325

Equity Mortgages Finance Development 325

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3

Industrial 543

Industrial Mortgages FHA loan Finance 543

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 335

Equity Lending Loans Banks 335

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 370

Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. What happened There are so many reasons that homeowners may seek out a reverse mortgage: funding retirement , sending kids to college, financing large purchases during retirement and the list goes on.

Industrial 422

Industrial Mortgages Loans Lending 422

Housing Wire

NOVEMBER 8, 2021

While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex. And in our opinion, no balanced product strategy is complete without it. I guess you can say reverse is in our DNA.”.

Finance 303

Finance Mortgages Lending Equity 303

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Among these topics, Sieffert addressed the recent acquisition of former leading industry lender American Advisors Group (AAG) and its integration into FOA.

Mortgages 291

Mortgages Finance Equity Lending 291

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Equity 271

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Housing Wire

NOVEMBER 18, 2022

These trends have exacerbated industry overcapacity, leading to continual layoffs. This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. American Financing Corporation originated $4.13 PenFed originated $5.74

Industrial 392

Industrial Loan Officer Loans Lending 392

Housing Wire

SEPTEMBER 10, 2021

The day after Labor Day, the nation’s top housing regulator announced that its regulated entities, which control half the nation’s $11 trillion housing market, would have to come up with plans to address racial equity. The Federal Housing Finance Agency ’s decree came with a tight deadline for Fannie Mae and Freddie Mac.

Equity 293

Equity Finance Industrial Marketing 293

Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Equity 309

Equity Finance Loans Development 309

Housing Wire

JANUARY 10, 2023

For those of us in housing finance, the calendar year change really does mean something. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it. Despite the instability in real estate and mortgage, I really wouldn’t want to be in any other industry. Well, here we are at the beginning of another year.

Industrial 347

Industrial Finance Mortgages Equity 347

Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA with the U.S. That was a 17.7%

Equity 344

Equity Finance Industrial Mortgages 344

Housing Wire

APRIL 23, 2024

Barker’s hiring for the role of senior vice president of corporate finance is effective immediately. Ranjit’s deep knowledge of capital markets and correspondent lending and Kevin’s extensive understanding of the mortgage industry will undoubtedly bring new ideas and insights to Mr. Cooper,” Bray said in a statement. “We

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Lending Finance Equity Mortgages 288

Housing Wire

APRIL 18, 2024

Shelley Giordano In 2019, the group exited the American College and reformed as the Academy for Home Equity in Financial Planning at the UIUC. The group will continue under the auspices of Mutual of Omaha, which currently stands as the second-largest lender in the reverse mortgage industry behind Finance of America Reverse (FAR).

Equity 321

Equity Loan Officer Mortgages Industrial 321

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 327

Equity Mortgages Lending As-is 327

Housing Wire

SEPTEMBER 14, 2021

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. Co-founder on working with the reverse mortgage industry.

Equity 173

Equity Mortgages Finance Industrial 173

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 354

Mortgages Finance Lending Equity 354

Housing Wire

APRIL 28, 2022

So it’s important to know how much you make on a loan not only in terms of margins, but also the actual revenue realized versus the cash revenue because capital must be deployed to finance that spread. Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. Driven by data.

Industrial 325

Industrial Mortgages Loans Equity 325

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

Mortgages 308

Mortgages Finance Equity Industrial 308

Housing Wire

FEBRUARY 13, 2024

Bringing awareness to potential opportunities in the reverse mortgage space can be a challenge, but Kristen Sieffert, president of Finance of America Companies (FOA), says it’s a task she’s more than willing to take on. I think our industry has lagged behind the forward mortgage industry — and definitely in financial services in general.”

Finance 316

Finance Equity Industrial Mortgages 316

Housing Wire

MAY 10, 2022

So it’s important to know how much you make on a loan not only in terms of margins, but also the actual revenue realized versus the cash revenue because capital must be deployed to finance that spread. KPI – Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. Driven by data.

Industrial 360

Industrial Mortgages Loans Equity 360

Housing Wire

FEBRUARY 3, 2023

The past few years in the housing industry have been nothing short of unprecedented. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Steve Kaminski is head of U.S.

Renovation 357

Renovation Fixed-rate mortgage Equity Finance 357

Housing Wire

JANUARY 22, 2024

After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when compared with recent years past. Reduced volume, a challenging mortgage rate environment and industry consolidation has contributed to some of the broader changes.

Mortgages 381

Mortgages Finance Industrial Equity 381

Housing Wire

OCTOBER 3, 2023

Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. So far, Rath said the response from the industry to Redfin’s choice has been respectful.

Industrial 289

Industrial MLS Brokerage Staging 289

Housing Wire

JANUARY 9, 2024

One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. A couple I previously profiled] considered a Home Equity Conversion Mortgage (HECM), also called a reverse mortgage, which can provide: 1.

Mortgages 494

Mortgages Equity Finance Industrial 494

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 102

Equity Finance Loans Closing costs 102

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. The elevated mortgage rate environment has created a mortgage rate lockdown effect of sorts, limiting the pool of customers for the mortgage industry. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 Or will soon.

Equity 493

Equity Marketing Loans Bankruptcy 493

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. naturally exposing her more closely to the American reverse mortgage industry. But the problem is they’re cash-flow poor in relative terms.”

Mortgages 386

Mortgages Finance Loan Officer Equity 386

Housing Wire

FEBRUARY 21, 2024

The industry side of the board includes Eddy Perez, CEO of Equity Prime Mortgage (EPM) ; Phil Shoemaker , CEO of The Loan Store ; Chris Vinson, CEO of Windsor Mortgage ; and Kevin Peranio, chief lending officer of Paramount Residential Mortgage Group (PRMG). There was no separate leadership group within BAC.

Lending 374

Lending Finance Loans Mortgages 374

Housing Wire

FEBRUARY 5, 2024

Under such a scenario, more than half would be homeowners who financed in 2023, with less than 10% coming from 2022-vintage loans. If current industry rate forecasts come to fruition, affordability will gradually improve as we move through 2024 but continue to run well over long-run averages throughout the year,” the report stated.

Debt-to-income ratio 436

Debt-to-income ratio Marketing Equity Loans 436

Housing Wire

DECEMBER 28, 2023

“Obviously, this cycle was fast and furious – for lack of a better term – in terms of how quickly rates went up, and volumes basically got cut into a third of what they were two-plus years ago,” said Kyle Joseph, a specialty finance equity research analyst at Jefferies. “It

Fixed-rate mortgage 484

Fixed-rate mortgage Mortgages Finance Equity 484

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Reverse mortgage industry advocates say that this helps insulate retirement resources from traditional mortgage payments. So she was approved.” 30-year mortgages were never meant to be for them.

Mortgages 352

Mortgages Equity Finance Design 352