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.

Equity 459

Equity Loans Debt-to-income ratio Renovation 459

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.

Equity 356

Equity Marketing Finance Mortgages 356

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 364

Equity Lending Residential Branding 364

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 434

Mortgages Equity Loan Officer Loans 434

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 315

Housing Wire

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. With our home equity program, we want to make sure that we’re offering our broker partners a product they can win in this market and help their clients.”

Equity 448

Equity Loans Mortgages Finance 448

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.

Finance 273

Finance Equity Land Branding 273

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?

Loan Officer 291

Loan Officer Loans VA loan FHA loan 291

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.

FHA loan 418

FHA loan Mortgages Equity Loans 418

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.

Title 363

Title Equity Loans Closing 363

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. The product, which rolled out on Tuesday, combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. Unison has more than $1.8

Equity 433

Equity Loans Finance Mortgages 433

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 476

Renovation Equity Lending Banks 476

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 368

Equity Technology Loans Mortgages 368

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.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

APRIL 10, 2025

In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management. HW: Arbor has an in-house loan servicing platform, which every lender doesn’t offer. Sellers and servicers can be in continuous contact with their borrowers throughout the loan’s lifecycle.

Investor 468

Investor Commercial Finance Loans 468

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 492

Equity Loans Investor Mortgages 492

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 459

Equity Loans Mortgages Lending 459

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

Equity 459

Equity Lending Banks Loans 459

Housing Wire

MAY 6, 2024

Nationwide equity on mortgaged homes soared to a record $16.9 trillion in the first quarter of 2024, with $11 trillion available for leverage while maintaining a 20% equity cushion — also an all-time high. homeowners with mortgages have tappable equity. trillion in tappable equity. trillion in tappable equity.

Equity 497

Equity Mortgages Finance Loans 497

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.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

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 447

Equity Lending Loans Renovation 447

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 397

FHA loan Fixed-rate mortgage Equity Mortgages 397

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. The current stress in the CRE and C&I loan markets further highlights the advantages of residential mortgages.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

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 476

Pre-approval Loans Mortgages Equity 476

Housing Wire

MARCH 7, 2024

homeowners with mortgages saw their home equity increase by 8.6% trillion, according to CoreLogic ’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 By extension, at 43%, the average loan-to-value ratio of U.S. In January, home equity increased by 13.2% billion at the end of 2023.

Equity 501

Equity Mortgages Loans As-is 501

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 482

Equity Mortgages Loans Marketing 482

Housing Wire

APRIL 19, 2024

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. The new product is an alternative to a traditional cash-out refinance, which requires refinancing the outstanding loan balance at current interest rates.

Equity 488

Equity Finance Loans Banks 488

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.

Lending 397

Lending Banks Mortgages Commercial 397

Housing Wire

AUGUST 12, 2024

The share of piggybacked Federal Housing Administration (FHA) home purchase loans rose by more than seven percentage points from June 2022 to June 2024, going from 10.8% for conventional purchase loans backed by Fannie Mae and Freddie Mac. The calculations were based on the number of purchase loans in CoreLogic public records.

Loans 476

Loans FHA loan Equity Closing costs 476

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 369

Mortgages Loan Officer Loans Technology 369

Housing Wire

MARCH 31, 2025

billion , is paying an equity value of $9.4 To help finance the transaction, Rocket is taking out a nearly $5 billion bridge loan through JPMorgan Chase (which itself is a top-3 mortgage servicer and warehouse lender). billion in stock, the companies said in a statement early Monday morning.

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

APRIL 23, 2025

That was tied to the shift of $60 million in sub-serviced loans to other firms amid the closure of its Flagstar deal at the end of the year the biggest acquisition in Mr. Cooper’s history. Servicing loans opens the opportunity to offer clients more products. billion in loans across 32,296 loans in the first quarter, with $1.9

VA loan 362

VA loan Equity Loans Mortgages 362

Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. In total, its funded loan volume jumped from $8.9 Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier.

Loans 403

Loans Equity Principal Mortgages 403

Housing Wire

SEPTEMBER 3, 2024

Home equity fintech Unlock Technologies has landed a Series B funding round that includes a $30 million investment by D2 Asset Management. Unlock, a provider of home equity agreement (HEA) contracts, claims it has experienced 98% year-over-year growth in the number of homeowners who chose its product.

Equity 431

Equity Technology Land Development 431

Housing Wire

APRIL 14, 2025

Vishal Garg , founder and CEO of Better.com, said in a statement that the transaction rightsizes the companys liability structure, creating approximately $265 million of positive pre-tax equity value for the company and its shareholders, as well as a path to long-term value creation for our equity holders.

Equity 319

Equity Loans Finance Investor 319

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).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

OCTOBER 29, 2024

Despite the Federal Reserve’s half-point interest rate cut in September, rates for 30-year conforming loans have climbed back up to 6.7%, according to HousingWire ’s Mortgage Rates Center.

Mortgages 487

Mortgages MLS Equity Loans 487