Housing Wire

MAY 20, 2025

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. You take out the equity in the home you have and try to get it as close to the home you want. trillion in available equity among U.S.

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Equity Loan Officer Banks Loans 301

Housing Wire

DECEMBER 16, 2024

Homeowners have generally done well over the last few years in accumulating home equity wealth. Since the onset of the pandemic, average equity per borrower increased by about $117,000 nationally, totaling almost $312,000 per mortgaged borrower. Aggregated across borrowers with a mortgage, home equity adds up to almost $17.5

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Equity Mortgages Loans Design 370

Housing Wire

NOVEMBER 1, 2024

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation , home renovation and student loan repayment. The Deephaven HELOC has a maximum loan size of $400,000 and a max loan-to-value (LTV) ratio of 85%. There’s more demand than supply,” he added.

Equity 380

Equity Debt-to-income ratio Mortgages Investor 380

Housing Wire

MAY 20, 2025

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs.

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Equity Mortgages Loans Development 272

Housing Wire

APRIL 9, 2025

We’ve seen a lot of baby boomers staying in their houses because they’ve gained a lot of equity and don’t want to have to pay capital gains taxes, she said. Despite sustained reverse mortgage industry efforts , H4P loans have not managed to break through to a meaningful degree with reverse mortgage customers.

Equity 381

Equity Mortgages Industrial Loans 381

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.

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Equity Lending Residential Branding 359

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. home equity by the end of this year.

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Equity Loans Debt-to-income ratio Renovation 431

Housing Wire

APRIL 16, 2025

Equity Smart Home Loans made a splash Wednesday by announcing it is severing ties with United Wholesale Mortgage (UWM) and partnering with Rocket Pro. A lot of our loan officers are struggling. So we’re behind our loan officers, our consumers come first,” Martinez said during the interview.

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Equity Loans Loan Officer Mortgages 220

Housing Wire

APRIL 21, 2025

As one of only a few states considering more stringent regulation of the home equity investment (HEI)/home equity contract product category, lawmakers in the state of Washington have requested an academic study to assess the impacts on state residents who may use an HEI to tap into their home equity.

Equity 270

Equity Principal Loans Mortgages 270

Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

Mortgages 407

Mortgages Equity Loan Officer Loans 407

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. billion in 2022, $4.2

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Loan Officer Equity Loans Brokerage 376

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

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Loans Mortgages Equity Construction 301

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans.

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FHA loan Mortgages Equity Loans 397

Housing Wire

JUNE 9, 2025

For Ginnie Mae loans, which often serve lower-income and first-time borrowers, DTIs have surged to 45.1%, the highest since 2008 1. in 2022 – while auto loans delinquencies hit 2.0%, and student loan delinquencies (90+ days past due) soared to 20%, a level unseen since 2012. Post-crisis reforms lowered the average to 35.5%

Marketing 437

Marketing Debt-to-income ratio Fixed-rate mortgage Loans 437

Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. More renovations?

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Loan Officer Loans VA loan FHA loan 266

Housing Wire

APRIL 22, 2025

As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity , reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products.

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Equity Marketing Finance Mortgages 330

Housing Wire

MAY 12, 2025

In this conversation, Davis breaks down the surge in demand for second liens, DSCR loans, and alternative income documentation and why originators who lean in now are setting themselves up for long-term success. Instead, these people are renovating or making improvements by tapping into their equity. Homes across the U.S

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Loans Investor Renovation Equity 291

Housing Wire

MAY 13, 2025

Credit data in general doesnt look great when accounting for credit card debt, auto loans, and student loan debt all have had an increase in their percentage on 90-day lates. In contrast, the current state of housing credit appears to be much healthier when compared to credit cards, auto loans and student loan debt.

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Bankruptcy Equity Loans Lending 459

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.

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Renovation Equity Lending Banks 450

Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times.

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Title Equity Loans Closing 357

Housing Wire

MAY 2, 2025

Financial literacy resource provider FirstHome IQ has announced a partnership with Crib Equity , a co-investment platform that aims to improve affordability by increasing the down payment and lowering debt. ” Recent data from FirstHome IQ reveals that the average American scores only 57% on basic financial literacy assessments.

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Equity Closing costs Loans Mortgages 228

Housing Wire

JANUARY 27, 2025

Integrated with ICEs industry-leading MSP loan servicing system , Servicing Digital provides homeowners with real-time access to detailed and personalized loan and property-related data anytime, anywhere. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

Equity 365

Equity Technology Loans Mortgages 365

Housing Wire

OCTOBER 16, 2024

United Wholesale Mortgage (UWM) announced on Wednesday that it’s offering a conventional cash-out loan product with a loan-to-value (LTV) ratio of up to 90% and no mortgage insurance. In addition, loan amounts cannot exceed conforming limits. The offering has some limitations.

Mortgages 410

Mortgages Equity Loans Banks 410

Housing Wire

JANUARY 2, 2025

Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. to 2,392 loans for the month, according to data compiled by Reverse Market Insight (RMI). They are issued by HUD once a HECM loan application has been submitted to the agency. had a 31% jump in loans in October.

Mortgages 393

Mortgages Equity Principal Loans 393

Housing Wire

OCTOBER 24, 2024

But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

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Bankruptcy Equity Hard money loan Finance 421

Housing Wire

JANUARY 8, 2025

These borrowers found themselves a great deal on their loan and locked themselves into really terrific cheap payments. The average age of outstanding loans climbed steadily during the cheap-money decade, dropped during the pandemic frenzy and is now skyrocketing as homeowners hunker down. It also means muted equity increases.

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Mortgages Finance Loans Equity 466

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. It’s the ninth straight year that the limit will increase based on home-price appreciation levels, which feeds into a single, national limit for all HECM loans.

Mortgages 384

Mortgages Equity Lending Loans 384

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM is simply taking a lower margin, effectively,” he added.

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Equity Loans Mortgages Loan Officer 421

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. HELOCs accounted for $53.6

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Equity Lending Banks Loans 431

Housing Wire

APRIL 24, 2025

Better.com today announced a new partnership with Biz2Credit , which will provide Biz2Credits customers the option to receive $50,000 to $500,000 in additional financing options through Better.com s Home Equity Line of Credit ( HELOC ) and Home Equity Loan (HELOAN) products.

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Finance Equity Land Branding 234

Housing Wire

MARCH 10, 2025

billion in equity. We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan, all in a matter of minutes.

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Purchase and sale agreement Pre-approval Brokerage Equity 458

Housing Wire

JANUARY 22, 2025

Escrow accounts are required for conventional borrowers with 20% or less equity in their homes. Federal Housing Administration (FHA) loan borrowers must maintain escrow accounts for the entire loan cycle, regardless of equity. After that, 70% had higher homeowners’ insurance and 57% had higher premiums.

FHA loan 384

FHA loan Fixed-rate mortgage Equity Mortgages 384

Housing Wire

JUNE 13, 2025

This is because traditional income verification requirements for government or government-sponsored loans, including those from Fannie, Freddie , or Ginnie Mae , may not be applicable. Additionally, third-party due diligence is conducted on 100% of the securitized loans, utilizing firms that have been reviewed and approved by S&P.

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Due diligence Lending Investor Loans 416

Housing Wire

OCTOBER 25, 2024

A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase. And according to Zillow Home Loans Senior Economist Orphe Divounguy, homeownership may be more within reach than most renters think. In some of the U.S.’s

Pre-approval 450

Pre-approval Loans Mortgages Equity 450

Housing Wire

AUGUST 1, 2024

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. It’s the lowest level since at least 2019. points), Missouri (7.2

Equity 458

Equity Mortgages Loans Marketing 458

Housing Wire

NOVEMBER 13, 2024

The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. million in cash, restricted cash, short-term investments and self-funded loans. The company posted an adjusted EBITDA loss of $38.7

Mortgages 368

Mortgages Loan Officer Loans Technology 368

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. ” “We will be reaching out to clients who have active loan applications with additional details and deadlines. million profit in Q4 2023.

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Lending Banks Mortgages Commercial 384