Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion.

Equity 369

Equity Purchase and sale agreement Marketing Lending 369

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. In return, Hometap receives an agreed-up percentage of the sale price or current appraised value. “We

Equity 312

Equity Marketing Investor Loans 312

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 381

Development Industrial Mortgages Loans 381

Housing Wire

FEBRUARY 10, 2021

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Pamela Perry.

Equity 523

Equity Fixed-rate mortgage Investor Development 523

Housing Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. Paul Harris : Home equity lending can look different for many reasons. HW: Automation has been reshaping the mortgage industry over many years.

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Equity Lending Technology Industrial 342

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 348

Equity Marketing Debt-to-income ratio Lending 348

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Excellent turn times.

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Equity Title Technology Inspection 344

Housing Wire

MARCH 23, 2023

The ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third largest bank failures in U.S. Even a solid lending line, however, isn’t bulletproofed against a systemic industry shock. billion in total assets) and Dallas-based Comerica Bank ($85.4

Industrial 392

Industrial Banks Lending Equity 392

Housing Wire

NOVEMBER 1, 2022

The goal is to help drum up business for lenders during an extremely challenging time in the industry. . This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Industrial 362

Industrial Mortgages Loan Officer Loans 362

Housing Wire

DECEMBER 9, 2022

For many in the industry, access to market data provides a necessary glimpse of what’s-to-come in housing. Rick Sharga: Higher mortgage rates have dramatically affected affordability for many prospective homebuyers — especially first-time buyers, who don’t have the benefit of equity to leverage against their home purchase.

Industrial 355

Industrial Equity Loans Mortgages 355

Housing Wire

FEBRUARY 11, 2022

Joel Kan, associate vice president of economic and industry forecasting, at the Mortgage Bankers Association said rates could head even higher in 2022. “If Few industries are as impacted by market fluctuations as housing. But two categories are not as susceptible to higher interest rates: cash-out refis and home equity lines of credit.

Industrial 382

Industrial Mortgages Fixed-rate mortgage Equity 382

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. For the title insurance industry, she feels this will result in a thinning of the herd.

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Title Industrial Closing costs Closing 461

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.

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Equity Mortgages Principal As-is 317

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. These trends have exacerbated industry overcapacity, leading to continual layoffs. And don’t expect the layoffs to stop anytime soon.

Industrial 383

Industrial Loan Officer Loans Lending 383

Housing Wire

OCTOBER 31, 2023

This is the point of contact for all of the sale side information and if they aren’t careful, they are going to destroy the mechanism that produces this and then the ability to price homes goes out the door and the ability to make the Great American Dream where you buy a home and build equity disappears.” There is no such thing.

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Industrial Agents MLS Brokerage 404

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Sales 367

Sales Mortgages Loan Officer Loans 367

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. A unified name has not yet been determined and Sales Boomerang and Mortgage Coach will continue to operate as distinct brands, for now, the companies said.

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Sales Mortgages Loan Officer Principal 366

Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. compared to a year ago. but remained 19.6%

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Sales Development Equity Land 531

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.

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Equity Marketing Investor Finance 265

Housing Wire

MAY 17, 2024

Scarpati is a 20-year reverse mortgage industry veteran, having joined Senior Lending Network in 2003 as vice president of sales for the company’s wholesale and lead distribution divisions. NRMLA President Steve Irwin said he is looking forward to Scarpati’s contributions. “I FOA President Kristen Sieffert also lauded the appointment.

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Equity Finance Lending Industrial 316

Housing Wire

MAY 14, 2024

Steve Resch, vice president of retirement strategies at leading reverse mortgage industry lender Finance of America , knows a lot about the intersection between the interests of financial planning professionals and reverse mortgage industry members. Home equity is where you live and stay. Clow: That’s interesting. Why is that?

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Equity Finance Industrial Mortgages 350

Housing Wire

OCTOBER 1, 2021

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity. mortgage holders.

Equity 242

Equity Short sale Loans Mortgages 242

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.”

Sales 304

Sales Mortgages Loans Loan Officer 304

Marco Santarelli

MAY 25, 2024

Housing Market Shift: Equity Slips But Still High in 2024 The good news: Homeownership equity remains high. In the first quarter of 2024, nearly half (45.8%) of mortgaged homes in the United States were considered equity-rich. equity-rich) and South Carolina (down to 40% equity-rich) leading the decrease.

Equity 93

Equity Marketing Renovation Mortgages 93

Housing Wire

JULY 8, 2022

Despite the growing appetite for SFR investments, institutional equity ownership in the overall SFR market today is still estimated at only around 2%,” a market insight report from MetLife Investment Management (MIM) states. of homes for sale in the Atlanta metro area and 38.8% of homes in the Phoenix-Glendale-Scottsdale area.”.

Equity 388

Equity Residential Investor As-is 388

RIS Media

MAY 15, 2024

In a high price market like the one real estate has seen for the past few years, many homeowners have seen a jump in their home equity. So, while home sales have been mostly down, home equity loans have not seen the same decrease. Are Acquiring Home Equity Loans appeared first on RISMedia.

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Equity Loans Sales Marketing 92

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 320

Equity Mortgages Lending As-is 320

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

Sales 404

Sales New Construction Equity Construction 404

Housing Wire

APRIL 28, 2022

Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. Cycle times (from application to lock, lock to fund, and fund to sale): Along with calculating the cost to produce, you must understand the efficiency cycle. The cycle of a loan initially goes from application to lock (interest rate lock).

Industrial 319

Industrial Mortgages Loans Equity 319

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. This includes focusing on capital/equity to ensure the foundation is strong, covenants are met and operational flexibility is maintained. The post Headwinds confronting the mortgage industry in 2022 appeared first on HousingWire.

Industrial 343

Industrial Mortgages Development Loans 343

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 171

Equity Mortgages Finance Industrial 171

Housing Wire

FEBRUARY 28, 2021

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Sales Boomerang solve this problem by helping banks, credit unions and independent mortgage lenders build lasting, profitable relationships with their borrowers.

Sales 323

Sales Equity Loans Lending 323

Housing Wire

MAY 10, 2022

KPI – Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. KPI -Cycle times (from application to lock, lock to fund, and fund to sale): Along with calculating the cost to produce, it’s important to understand the efficiency cycle. Driven by data.

Industrial 352

Industrial Mortgages Loans Equity 352

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short. More than 1.7

Sales 340

Sales Pre-approval Short sale MLS 340

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

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Investor Sales Mortgages Loan Officer 268

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 360

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

Equity 485

Equity Marketing Loans Bankruptcy 485