Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

Finance 394

Finance Lending Title Mortgages 394

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

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

Equity Marketing Investor Finance 271

Housing Wire

FEBRUARY 3, 2023

And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates. Residential Lending at TD Bank. Steve Kaminski is head of U.S.

Renovation 357

Renovation Fixed-rate mortgage Equity Finance 357

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. Government residential mortgage was an exception, where standards remained basically unchanged.

Lending 403

Lending Banks Mortgages Loan Officer 403

Housing Wire

APRIL 16, 2024

Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. Loan production in the home equity arena was $1.8 billion in outstanding residential mortgages on its books through March 31, 2024, down from $228.9 The home equity portfolio was $25.5

Mortgages 384

Mortgages Banks Equity Commercial 384

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. Inside Mortgage Finance reported that Santander residential production totaled $2.7 billion in 2020, but there are no figures for 2021.

Banks 437

Banks Mortgages Fixed-rate mortgage Equity 437

Housing Wire

NOVEMBER 2, 2023

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. There were historic amounts of investment and funding , and for some traditional housing finance models, real fears of being disrupted. My, how things have changed. homeowners.

Purchase and sale agreement 318

Purchase and sale agreement Marketing Equity Finance 318

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).

Lending 374

Lending Finance Loans Mortgages 374

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates. In the mortgage space, TD Bank was a top-35 U.S.

Banks 325

Banks Lending Loans Finance 325

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The deal will offload an FoA subsidiary division that offers residential real estate investment loans.

Commercial 298

Commercial Lending Finance Title 298

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S.

Finance 348

Finance Principal Residential Development 348

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Overall, HELOCS accounted for 20.7% level from the first quarter of 2021, ATTOM reported.

Equity 271

Equity Lending Finance Loans 271

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S. Santander Bank, NA.,

Mortgages 361

Mortgages Banks Equity Residential 361

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. The proposed rule would implement a Congressional mandate establishing consumer protections for the residential PACE loans.

Loans 296

Loans Lending Finance Renovation 296

Housing Wire

MARCH 8, 2024

Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. trillion in residential mortgage debt as of first-quarter 2023. According to the Federal Deposit Insurance Corp. FDIC), banks held $2.78

Banks 446

Banks Commercial Lending Residential 446

HomeLight

NOVEMBER 17, 2023

As a short-term financing option, bridge loans in Illinois offer a unique opportunity. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

Housing Wire

APRIL 18, 2023

So mortgages, credit, munis, financing, futures, FX, all of them had a pretty good quarter,” Alastair Borthwick, Bank of America’s chief financial officer, told analysts. Mortgage, home equity business Its mortgage business, however, reported disappointing numbers, an issue led by elevated 30-year fixed mortgage rates.

Banks 302

Banks Mortgages Equity Loans 302

Housing Wire

JUNE 1, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 381

Equity Fixed-rate mortgage Principal Loans 381

Housing Wire

MAY 3, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 376

Equity Fixed-rate mortgage Principal Mortgages 376

Housing Wire

JUNE 29, 2022

The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings. “A Established in 2018, Knox aims to help manage residential rentals with its algorithm-based platform. Prioritizing home equity solutions in a rising rate environment.

Loans 319

Loans Equity Lending Mortgages 319

Housing Wire

SEPTEMBER 13, 2022

DLD provides analysis, data insights, news and industry rankings focused on the lower and middle private-equity financing spaces along with coverage of private jumbo loans of $1 billion or more. KBRA Analytics’ acquisition of DLD closed quietly on Aug. 31 for an undisclosed sum, KBRA announced.

Lending 352

Lending Finance Investor Equity 352

Housing Wire

APRIL 19, 2022

The Mill Valley, California-based REIT operates as a specialty finance house that invests in, acquires and securitizes residential loans. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As Redwood is not backing away from its venture capital pursuits.

Equity 340

Equity Technology Investor Residential 340

Housing Wire

FEBRUARY 7, 2024

Bloomberg, citing anonymous sources, reported that NYCB has contacted investors to finance a large portfolio of residential mortgages held by Flagstar Bank. According to Inside Mortgage Finance (IMF) estimates, Flagstar originated $15.7 billion in mortgages in 2023. Total liquidity was $37.3

Mortgages 358

Mortgages Banks Marketing Commercial 358

HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. What is a residential bridge loan in Utah? But what if there was a smoother pathway? You can then make a strong offer on your next home with no home sale contingency.

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

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. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 387

Mortgages Equity Loans Seller concession 387

Housing Wire

FEBRUARY 8, 2022

Powerhouse lender and servicer New Residential Investment Corp. The deal came together after the previous owner, private equity firm Lone Star Funds , failed to take Caliber public due to instability in the market. When he announced the deal last year, Michael Nierenberg, head of New Residential Investment Corp.,

Residential 347

Residential Loans Equity Mortgages 347

Housing Wire

JANUARY 5, 2023

residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. The Federal Housing Finance Agency (FHFA) raised the baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac to $726,000 in November, an increase of 12.21% compared to 2022. RMBS at DBRS Morningstar said in a report.

Marketing 404

Marketing Equity Loans Investor 404

Housing Wire

JANUARY 12, 2022

Martell’s resignation comes nine months after private equity firms Stone Point Capital and Insight Partners purchased CoreLogic for $80 per share in cash, or roughly $6 billion. CoStar CEO Andy Florance stated that the timing was poor to move into the residential mortgage market.

Residential 316

Residential Equity Finance Industrial 316

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

Banks 343

Banks Closing costs Lending Equity 343

Housing Wire

APRIL 4, 2023

Rithm, a New York-based asset manager, is opening an office in London to seek equity and debt investments across the real estate and consumer finance sectors, the company announced on Monday. Migliara is a veteran of asset-backed securities, consumer lending platforms, and residential and commercial real estate.

Commercial 298

Commercial Lending Equity Banks 298

Housing Wire

FEBRUARY 4, 2021

After months of uncertainty , CoreLogic announced Thursday that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. This would be a premium of 51% to CoreLogic’s unaffected share price as of June 25, 2020.

Lending 414

Lending Equity Investor Finance 414

Housing Wire

AUGUST 14, 2023

Though this would typically signal a time for panic across the residential real estate profession, those who can focus on servicing their clients with a mind for the future will be well positioned for whenever the economics for home buying become more favorable. Understanding and activating home equity.

Equity 289

Equity Agents Residential Finance 289

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Loans 257

Loans Finance Residential Investor 257

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Due to limited options available on the market, buyers are increasingly turning to newly constructed homes, Xu added.

Mortgages 356

Mortgages Loans Residential Equity 356

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 The home equity loans balance was $24.7

Banks 386

Banks Mortgages Lending Commercial 386

Housing Wire

MAY 5, 2022

Homebuyers will have to look elsewhere to secure a mortgage, as the members-only big box store announced it’s no longer in the business of financing homes. In early March, Lenders One said it would begin selling purchase, refinance and home equity products at its “store-in-store” branch locations.

Mortgages 369

Mortgages Equity Finance Loans 369