Housing Wire

FEBRUARY 20, 2025

Digital homeownership company Better.com on Thursday announced a record 400% growth in its home equity line of credit ( HELOC ) and home equity loan businesses. were considered “equity rich” in Q4 2024, meaning that the underlying mortgage debt did not exceed 50% of the home’s market value.

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Equity Investor Lending Renovation 295

Housing Wire

FEBRUARY 6, 2025

Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. If that isnt spectacular enough, Deephaven offers interest-only options for maximum property cash flow alongside cash-out solutions to consolidate debt and unlock equity.

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Loans Mortgages Equity Construction 315

Housing Wire

JANUARY 4, 2024

While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. “If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” ” Molinsky told NextAvenue.

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Equity Renovation Lending Finance 432

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Rocket is targeting American homeowners with high household debt and credit card balances but strong home equity positions. . ” U.S. ” U.S.

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Equity Loans Lending Banks 397

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.”

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Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

MARCH 5, 2025

More renovations? While most of Shank’s book of business is tied to VA loans, he says he’s seeing an uptick in renovation loans across FHA and VA channels. So now that rates are dropping, a renovation loan will be in the 7% range. Certain geographic areas have higher shares of government loans.

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Loan Officer Loans VA loan FHA loan 291

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” Additionally, Flagstar offers direct access to underwriters for product-specific advice and expertise in Non-QM, VA, and FHA lending.

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Lending New Construction Renovation Banks 464

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Construction Development Loans Lending 459

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. So, it’s imperative to speak with a lender.

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Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6 trillion year over year. “At

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Equity Lending Fixed-rate mortgage Loans 459

Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

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Residential Lending Finance Investor 435

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent lending as well.

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Loan Officer Lending Loans Finance 448

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. on average — compared to the average interest rates for home purchase or home equity loans.

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Loans Lending Finance Renovation 396

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). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

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Equity Lending Finance Loans 366

Housing Wire

JANUARY 12, 2024

The company later told RMD, however, that the loan was within current product lending limits. The 2023 reverse mortgage limit for Federal Housing Administration (FHA)-insured Home Equity Conversion Mortgages (HECMs) stood at $1,089,300, but proprietary reverse mortgages are not subject to FHA limits. to the Heritage Harbor Foundation.

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Mortgages Finance Lending Equity 459

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

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Equity Loan Officer Loans Technology 418

Housing Wire

NOVEMBER 30, 2021

There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. How Acra Lending can help.

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Lending Loans Investor New Construction 433

Housing Wire

FEBRUARY 28, 2024

Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. Equity Advantage is a second lien cash-out refinance loan that allows borrowers to keep their first low rate mortgage. Often, traditional mortgage products don’t meet their needs. trillion.

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Debt-to-income ratio Mortgages Banks Equity 458

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Loan Officer Lending Technology Loans 435

Housing Wire

APRIL 8, 2021

Should the property increase in value over time, then you, in turn, will have built up more equity. Like investing in the stock market, setting aside emergency savings and saving for retirement, homeownership is another vehicle that may offer the potential to build wealth,” says Citi Home Lending Officer John Gnisci.

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Equity Fixed-rate mortgage Principal Mortgages 435

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Loans Finance Renovation Equity 529

Housing Wire

FEBRUARY 1, 2024

The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park. That is anathema to the spirit of fair housing (and lending).

Lending 435

Lending Equity Development Loans 435

Housing Wire

MAY 18, 2022

HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss? HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market?

Mortgages 418

Mortgages Equity Loans Lending 418

Housing Wire

APRIL 20, 2022

The program is the latest effort to give broker partners more lending options as rate-term refis disappear and cash-out refinancings move like a rollercoaster to higher rates. “That’s obviously a big play…additionally, home equity lines — obviously some do not want to leave their their two-and-a-half interest rate.

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Loans Lending Construction Banks 397

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Instead, they’ll be seeking to renovate their homes.”.

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Loans Renovation Construction Mortgages 435

Housing Wire

APRIL 2, 2021

Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. In addition to its lending arms, Finance of America has a servicing arm and a portfolio management business that includes a broker-dealer and a registered investment adviser.

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Finance Closing Investor Mortgages 384

Housing Wire

JANUARY 5, 2024

Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger. Refinancing into a fixed-rate mortgage may provide stability and consistency, although homeowners should be prepared for tighter lending restrictions. Declining interest rates present other opportunities for homeowners.

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Fixed-rate mortgage Agents Marketing Lending 468

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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Renovation Residential Commercial As-is 392

HomeLight

SEPTEMBER 16, 2024

As a result, you might be sitting on a significant amount of home equity, and you’re not alone — U.S. homeowners collectively hold around $32 trillion in equity. If you’re planning to make home improvements, consolidate debt, or cover other expenses, you may be wondering, “How do I get a home equity loan?”

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Equity Loans Loan Officer Lending 111

The Close

NOVEMBER 25, 2024

Renovation costs: Depending on the property’s condition, you may need minor and/or significant renovations before renting it out. Timeline: Your timeline involves the time it takes to make repairs or renovations, find tenants, and start accepting payments. Pro Tip: Overestimate your expenses.

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Purchase and sale agreement Property Management Hard money loan Investor 105

HomeLight

SEPTEMBER 23, 2024

As a homeowner, your home equity represents one of your most valuable financial assets. With home values growing by nearly 50% in the past four years, you may be asking, “How much equity can I borrow from my home?” What equity borrowing options do I have? How do I estimate my home equity? To get an estimate: 1.

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Equity Loans Mortgages Lending 111

RIS Media

MARCH 16, 2022

Either way, home renovations are on the horizon for many. With home equity at an all-time high for most, many homeowners have the option of borrowing money using a HELOC at favorable costs. . Rising home prices and low interest rates present an opportunity for homeowners to tap the equity in their home.

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Renovation Equity Finance Lending 98

BAM Media

APRIL 3, 2025

Its also worth noting that the new administrations tariff policy could drive up home values by raising the cost of building materials for new construction and home repairs and renovations. #3: The nested equity is $38 trillion. The loan to values (LTV) back in 2008 were 85%; loan to values right now is 46.6%.

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Bankruptcy Pre-approval Marketing FHA loan 99

HomeLight

JANUARY 29, 2021

But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. If you’re considering taking out a home renovation loan to spruce up a powder room or gut the kitchen, we’ve got you covered. An overview of home renovation loan options. Construction loan.

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Renovation Loans Equity Construction 98

Realty Biz

AUGUST 28, 2021

There are many reasons why people decide to renovate homes. Reports show that most people planning a renovation intend to spend $10,000 or more. Before making any major decisions, consider what you want out of the renovation for tomorrow and the next 5 or 10 years. Investors have earned big profits with fix-n-flip remodels.

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Renovation Inspection Equity Construction 98

Marco Santarelli

MARCH 15, 2025

Are you thinking about renovating your kitchen, paying off some high-interest debt, or maybe even funding a dream vacation? This makes borrowing against your home equity more affordable than it has been in quite some time. HELOC stands for Home Equity Line of Credit. Well, good news!

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Equity Loans Mortgages Finance 80

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.

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Equity Finance Loans Closing costs 105