Housing Wire

JUNE 20, 2025

Inside UWM’s tech evolution: How LEO and Mia are shaping the future of mortgage lending United Wholesale Mortgage (UWM) is redefining mortgage tech with LEO, its Loan Estimate Optimizer, and Mia, a generative AI voice assistant for brokers.

Lending 308

Lending Title Technology Equity 308

Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

Equity 413

Equity Loans Lending Branding 413

Housing Wire

JANUARY 17, 2025

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. It further clarified that it will continue its business lending activities, including commercial mortgages, and will begin offering loans backed by the U.S.

Lending 386

Lending Banks Mortgages Commercial 386

Housing Wire

FEBRUARY 12, 2025

homeowners with access to their tappable home equity. The expansion adds 10- and 30-year fixed-term options to the companys existing 20-year fixed-rate home equity loan, which the company has designed as complements to its first-lien and second-lien home equity lines of credit ( HELOCs ).

Equity 370

Equity Loans Lending Mortgages 370

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 307

Lending Equity Banks Construction 307

Housing Wire

DECEMBER 23, 2024

While some forward lending companies have gone out of their way to acquire and incorporate reverse mortgage lending divisions into their ongoing operations, others have bolstered their existing reverse mortgage divisions. And some reverse-only companies have aimed to establish firmer ties with the much larger forward mortgage industry.

Lending 385

Lending Mortgages Industrial Finance 385

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Equity 367

Equity Lending Residential Branding 367

Housing Wire

APRIL 16, 2025

Home equity levels among U.S. Among the lesser anticipated consequences, high amounts of home equity can limit the amount of financial aid that some prospective college students are eligible for. Generally speaking, homeowners also appear reluctant to tap into their home equity despite its meteoric growth over the past five years.

Equity 345

Equity Lending Mortgages As-is 345

Housing Wire

FEBRUARY 20, 2025

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. This offer extends to anyone with an existing mortgage at any lending institution looking to benefit from refinancing, she said.

Lending 351

Lending Equity Mortgages Design 351

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. from $490 billion in the second quarter.

Equity 471

Equity Lending Banks Loans 471

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. Apollo has 16 lending platforms in the U.S. and one of them is Newfi, which is a non-QM lender.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Home equity originations were relatively flat in 2023 compared to 2022,” Walsh said in a statement. billion per company in 2023, compared with $2.1

Equity 425

Equity Lending Loans Renovation 425

Housing Wire

OCTOBER 31, 2024

This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.

Mortgages 413

Mortgages Equity Loan Officer Loans 413

Housing Wire

OCTOBER 10, 2024

Mortgage lenders can also benefit from these projects through a variety of products, including home equity lines of credit (HELOCs). The vast amount of home equity accumulated across the country could be a path to addressing these issues. And there are now 32 million borrowers who have at least $100,000 in tappable equity.

Renovation 455

Renovation Equity Lending Banks 455

Housing Wire

MAY 20, 2025

Kind Lending today announced the appointment of Geri Farr as its senior vice president of West retail sales. “Kind Lending is growing faster than ever, and Geri’s leadership will help us continue this momentum,” said Tammy Richards , Kind Lending’s president of retail.

Lending 237

Lending Sales Loan Officer Equity 237

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. While the companies remain quiet on their plans, some Bay Equity employees arent waiting for answerstheyre already looking for new jobs. They will be a great fit.

Loan Officer 384

Loan Officer Equity Loans Brokerage 384

Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in.

Lending 383

Lending Equity Investor Residential 383

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. Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp., Others are taking a more nuanced approach to the increase.

Mortgages 386

Mortgages Equity Lending Loans 386

Housing Wire

NOVEMBER 12, 2024

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

Mortgages 370

Mortgages Equity Lending Design 370

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. The survey, fielded quarterly by the central bank, asks loan officers about topics such as changes in lending terms as well as household demand for loans.

Lending 483

Lending Banks Mortgages Loan Officer 483

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. Non-QM lending has emerged as a crucial component of the modern mortgage landscape, offering a flexible and inclusive pathway to homeownership for a diverse range of borrowers.

Due diligence 424

Due diligence Lending Investor Loans 424

Housing Wire

JUNE 3, 2025

Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories and some U.S.-based The companys decumulation lending division includes both reverse mortgages and insurance lending. While reverse mortgages in the U.S. It reached $2.5

Mortgages 424

Mortgages Equity Banks Lending 424

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 425

Lending Mortgages Equity Loan Officer 425

Housing Wire

SEPTEMBER 4, 2024

With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. One-quarter of these lenders offered accelerated closing options, including two lenders that advertised home equity funding in as little as one week.

Equity 436

Equity Lending Banks Loans 436

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. to take its lending division, LendCo , public. JP Morgan Chase & Co. and Jefferies Financial Group Inc. —

Lending 425

Lending Equity Technology Banks 425

Housing Wire

MAY 13, 2025

Late-cycle lending risk is always a factor in every economic cycle we experience in the housing market. On the other hand, homeowners not only tend to have strong credit scores, but they also possess a significant amount of equity in their homes.

Bankruptcy 469

Bankruptcy Equity Loans Lending 469

Housing Wire

MARCH 10, 2025

billion in equity. ” Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Glenn Kelman , CEO of Redfin.

Purchase and sale agreement 463

Purchase and sale agreement Pre-approval Brokerage Equity 463

Housing Wire

NOVEMBER 7, 2024

Guild’s current reverse lending division, built off its 2023 acquisition of Cherry Creek Mortgage , has expanded its reverse mortgage activities this year. When asked during the earnings call about what the company sees in the home equity lending space, Schmidt said that the opportunities in reverse stand out. “We

Mortgages 370

Mortgages Equity Lending Branding 370

Housing Wire

AUGUST 5, 2024

trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 On top of that, tappable home equity reached a new high of $11.5 roughly three in five — now have at least $100,000 in tappable home equity, which refers to the amount of equity they can access while maintaining a stable 20% equity “cushion.”

Equity 436

Equity Loans Mortgages Lending 436

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. Rising home prices have pushed tappable home equity near its 2022 peak, but high interest rates have made homeowners reluctant to extract that wealth.

Residential 484

Residential Lending Banks Mortgages 484

Housing Wire

DECEMBER 18, 2024

Citis previous use of the URL was to redirect to learning center content within the home lending pages on the Citi domain, according to Head of Mortgage Marketing at Citi, Chip Burgard. The company owned the domain for several years but didnt have a direct purpose with it until Q4 2023. We’ve got good purchase products.

Marketing 400

Marketing Lending Branding Banks 400

Housing Wire

JUNE 13, 2025

Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. Inside Mortgage Finance (IMF) reported that Kind Lending originated $7.5 He’s not wrong.

Mortgages 302

Mortgages Lending Purchase and sale agreement Bankruptcy 302

Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. reduction in residential lending activity compared to first-quarter 2023 and a 69.3% reduction in residential lending activity compared to first-quarter 2023 and a 69.3% All major mortgage lending categories sustained losses, the report said. Home-equity credit lines slipped 9%, to 222,000.

Lending 477

Lending Mortgages Residential Loans 477

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 425

Lending Branding Loan Officer Technology 425

Housing Wire

JUNE 17, 2025

The expanded partnership includes PHH Mortgage utilizing more of Blend’s technology platform, which already powers its mortgage lending operations, to now include Rapid Refi and Rapid Home Equity. The Rapid suite of solutions is designed to increase automation and operational efficiency across loan teams.

Mortgages 273

Mortgages Equity Lending Technology 273

Housing Wire

JUNE 18, 2025

Silicon Valley Bank (SVB), a division of First Citizens Bank , and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. “The strong demand for our product reflects how well it meets our partners’ and customers’ needs. .”

Banks 330

Banks Lending Equity Finance 330

Housing Wire

FEBRUARY 7, 2025

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. It’s a nonrecourse loan that is negatively amortizing, and balances increase over time.

Mortgages 337

Mortgages Equity Lending Commercial 337