Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” “[PennyMac] is well-rounded. .”

Marketing

Housing Wire

JUNE 6, 2025

Reverse mortgage industry professionals reacted positively to the news when reached by HousingWire ’s Reverse Mortgage Daily (RMD). Tom O’Donoghue, principal with Reverse Loans Now , has multiple clients impacted by the recent wildfires and said the program would help. ” According to data from the U.S.

Mortgages

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55.

Mortgages

Housing Wire

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. billion in unpaid principal balance, down 19% from the prior quarter and up 33% from Q1 2024.

Principal

Housing Wire

APRIL 24, 2025

The platform was developed by reverse mortgage industry veteran Tane Cabe. While the existing base of clients are appreciative of the inclusion of the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ), Cabe heard from users that they also wanted a proprietary option included.

Mortgages

The Close

NOVEMBER 7, 2024

You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest. Industrial: Properties used for manufacturing, production, storage, and distribution.

Hard money loan

Housing Wire

OCTOBER 31, 2024

The industry has also been strongly supportive of our budget requests.” Funding for 2024 is already having a stabilizing effect on Ginnie Mae, he explained, but additional resources will help the company to serve the mortgage industry and market more reliably. “As What I can say is that we’ve had strong support from the U.S.

Principal

The Close

NOVEMBER 25, 2024

Rehab loans: These include home equity lines of credit (HELOCs), HomeStyle renovation mortgages, 203(k) rehab loans, or CHOICERenovation loans. Plus, connecting with folks in the industry can open up some great opportunities and insights. It’s common for flippers to aim for an ROI of 20%.

House Flipping

The Mortgage Report

JULY 11, 2025

To gain insights and (hopefully) make matters easier, The Mortgage Reports spoke with industry experts to help guide borrowers in 2025’s third quarter. Making that mortgage payment versus paying rent builds equity. Answers have been edited for brevity and clarity. Verify your home buying eligibility.

FHA 203k rehab loan

Marco Santarelli

JULY 21, 2025

Rates Impact : Slight increases in refinance rates may affect homeowners looking to tap equity. Current Refinance Rates Overview Refinancing allows homeowners to replace their existing mortgage with a new one, often to benefit from lower rates or tap into home equity. If rates drop to the predicted 6.4% Conforming vs.

Mortgages

The Mortgage Report

JULY 1, 2025

Between inflation, higher rent, and job insecurity in some industries, many buyers just don’t have the luxury of putting 20% down. You’ll also have less equity in the home upfront, which could impact your need to sell or refinance the home in the future,” Erickson continues. Government-backed programs are filling that gap.”

Loans

Marco Santarelli

JUNE 16, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Here's the breakdown: Principal & Interest: $2,264.38 Building Equity: Owning a home allows you to build equity over time, essentially forcing you to save. Property Taxes: $256.67 Homeowners Insurance: $128.00

Mortgages

Housing Wire

APRIL 25, 2025

Executives at Rithm Capital , the parent of multichannel mortgage lender Newrez , said on Friday that the firm will not sacrifice earnings for growth, even amid the mortgage industry wave of consolidation represented by the Rocket Companies acquisition of Mr. Cooper Group. billion in equity for the first quarter.

Principal

Housing Wire

FEBRUARY 4, 2025

A bill introduced in January to the New York state Senate is seeking to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product, as well as the obligations that a borrower assumes when engaging with the industry. PLFs were reduced in 2009, 2010, 2013 and 2017.

Mortgages

Housing Wire

JUNE 13, 2025

Following the release of the president’s fiscal year 2026 “skinny” budget request — and a look at the White House ’s performance expectations for the Home Equity Conversion Mortgage ( HECM ) program — the U.S.

Mortgages

Housing Wire

NOVEMBER 25, 2024

Ginnie Mae on Monday released a final term sheet for its new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program referred to as “HMBS 2.0.” term sheet demonstrates Ginnie Mae’s commitment to providing innovative solutions for the reverse mortgage industry,” Valverde said. The finalized HMBS 2.0

Loans

Housing Wire

JUNE 9, 2025

Despite a raft of what might seem like contradictory economic data points and a challenged housing market , the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. We advise [industry participants] to prepare for a delay in HMBS 2.0

Mortgages

Housing Wire

NOVEMBER 22, 2024

The historically fragmented mortgage servicing space has been transformed over the past few years due to an influx of large companies and ongoing consolidation, which presents challenges for smaller players, industry experts say. Annaly has built a platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8

Mortgages

Housing Wire

FEBRUARY 19, 2025

One of Ginnie Maes core functions in the reverse mortgage industry is providing liquidity through its Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program. on the reverse mortgage industry could be immediate. ” HMBS 2.0 ” HMBS 2.0 The potential impacts of HMBS 2.0

Bankruptcy

Housing Wire

DECEMBER 17, 2024

The report on the Home Equity Conversion Mortgage ( HECM ) book of business inside the Mutual Mortgage Insurance (MMI) Fund served as another positive development for the program. Fixed-rate HECMs rallied somewhat in 2021 and 2022, but this was short-lived because of the broader reality for the entire mortgage industry.

Mortgages

Housing Wire

FEBRUARY 25, 2025

If confirmed as FHFA director, he pledged to resign from 20 positions, including 17 involving entities in which he holds equity. Pulte is better known for social media philanthropy on X than he is as a housing industry figure. Pulte has, at times, feuded with management at PulteGroup. Jones was fired and it sparked several lawsuits.

Principal

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity

Housing Wire

OCTOBER 29, 2021

The resurgence of alternative home equity tapping companies in the past few years has been of interest to the reverse mortgage industry due to the potential that business has to compete for seniors’ business. Seniors’ response to alternative equity tapping since COVID-19 onset. Eoin Matthews, CBO and co-founder of Point.

Equity

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I think, as a whole, the industry is reacting pretty favorably to this.

Development

Housing Wire

NOVEMBER 13, 2024

After starting with the importance of focused information and certain reverse mortgage product features , the pair went deeper into other longstanding elements that some industry participants might be misinformed about. Jones, a reverse mortgage is a ‘rising debt, falling equity’ loan,” he said. “As Industry regulators — including U.S.

Equity

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s Cabe has similar feelings as his colleagues in different parts of the country, and he is generally optimistic about the state of the industry in early 2024. “I I think things have definitely picked up,” he said.

Development

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. 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. over asking price.

Marketing

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. 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. trillion in 2021.

Equity

Housing Wire

SEPTEMBER 3, 2024

Leaning on education Shannon Robinson Shannon Robinson, senior vice president of the reverse mortgage division at New American Funding (NAF), said the company remains committed to the prospect of borrower education regarding its full range of home equity products. This would go doubly in a more favorable rate environment.

Mortgages

Housing Wire

AUGUST 13, 2024

The assets have “a projected unpaid principal balance of approximately $3 billion,” Onity announced in its Q2 report. Wong added that from Waterfall’s perspective, this deal is illustrative of the company’s desire to grow its presence inside the reverse mortgage industry. The company intends to issue $51.7

Mortgages

Housing Wire

OCTOBER 1, 2024

It has built an MSR platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8 Rocket said that its recapture rate, which includes purchase and refinance loans, is at 85%, triple the industry average. billion in market value as of June 30. billion as of June 30. Annaly was No. 14 in the ranking.

Closing

Housing Wire

MARCH 19, 2024

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company. Five Brothers, headquartered in Warren, Mich.,

Mortgages

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. 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. trillion in 2021.

Equity

Housing Wire

AUGUST 1, 2024

Despite some recent relief from mortgage rates , top executives at the parent of Rocket Mortgage continue to expect a challenging landscape for the industry in the coming months, mainly due to regulatory changes, low affordability levels and consolidation. What will be their playbook? They will also keep chasing purchase market share. “We’re

Marketing

Housing Wire

MARCH 2, 2021

The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. Generally accepted accounting principal (GAAP) revenues are expected to be around $226.4 Up to $345 million of cash will be held in Capitol’s trust account. million in 2021.

Title

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