Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong. What about the property condition?

Equity 370

Equity Lending Loans Renovation 370

Housing Wire

JUNE 9, 2025

housing market is flashing warning signs reminiscent of 2008: rising household debt burdens, persistent inflation and home prices that are outpacing incomes. 2025 housing market risks: Echoes of 2008 Several economic indicators signal increasing risks in the 2025 housing market. Regional market imbalances amplify these risks.

Marketing 450

Marketing Debt-to-income ratio Fixed-rate mortgage Loans 450

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 343

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 387

Equity Debt-to-income ratio Mortgages Investor 387

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

Equity 370

Equity Mortgages Loans Design 370

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. We’re in a tough market. A lot of our loan officers are struggling. ” In 2024, Equity Smart Home Loans originated over 1,600 loans, according to Modex data.

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Equity Loans Loan Officer Mortgages 273

Housing Wire

JULY 7, 2025

A rise in negative equity and exposure to student debt are creating “pockets of vulnerability” for U.S. The resumption of student loan payments and collection efforts on defaulted federal student loans in May, following a five-year pause, could increase financial pressure on some homeowners, according to ICE.

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Equity Mortgages FHA loan Loans 281

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.

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Equity Principal Loans Mortgages 326

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 387

Equity Mortgages Industrial Loans 387

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. Well let the market tell us where to go from there.

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Equity Marketing Finance Mortgages 356

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

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Loans Mortgages Equity Construction 343

Housing Wire

JUNE 24, 2025

home equity hit an all-time high of $34.5 Along with the rise in equity, total mortgage debt has actually fallen by a marginal amount — from $13.4 Dan McCue, a researcher with JCHS, said that record-high home equity has uneven benefits on the housing market overall. trillion in 2024. That’s more than triple the $11.4

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Equity Industrial Mortgages Principal 283

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 330

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

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 417

Mortgages Equity Loan Officer Loans 417

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 441

Equity Loans Debt-to-income ratio Renovation 441

Housing Wire

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Leveraging micro-market shifts Realtors have an opportunity to use local market changes to drive urgency for their clients.

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Marketing Loan Officer Equity Loans 370

Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. The maximum loan amount is $500,000.

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Loans Purchase and sale agreement Equity Closing costs 244

Housing Wire

MAY 12, 2025

The mortgage market might still be sluggish, but for originators willing to look beyond the traditional, theres real momentum building in the non-QM space. HousingWire: The current market presents a unique window of opportunity especially for borrowers who fall outside traditional lending guidelines. Homes across the U.S

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Loans Investor Renovation Equity 338

Housing Wire

MAY 13, 2025

According to the most recent credit data from the New York Fed , foreclosure data for the housing market is still below 2019 levels. 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.

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Bankruptcy Equity Loans Lending 474

Housing Wire

JUNE 26, 2025

It follows nearly three years of borrowers being sidelined by higher rates or “stuck” in loans with historically low rates. ” Crescenzo characterizes the mortgage market as flat. “They can, in some respects, craft the way they want to take the loan. .” said about the Fed’s potential rate cut.

Mortgages 417

Mortgages Equity Loans Loan Officer 417

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 403

Housing Wire

JANUARY 30, 2025

Tom Davis: When you’re working with a professional and you want expertise, you’re going to want to work with someone who is the expert in your market. Davis: Either you take market share or someone takes yours, right? Diego: Why the push into home equity ? trillion, followed by auto loans at $1.1

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New Construction Construction Marketing Equity 338

Housing Wire

OCTOBER 10, 2024

Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. The market for renovation projects is a lucrative one for homebuilders and contractors. And there are now 32 million borrowers who have at least $100,000 in tappable equity.

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Renovation Equity Lending Banks 460

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. These borrowers found themselves a great deal on their loan and locked themselves into really terrific cheap payments. Theyll sell investment properties where the cash flow just doesnt pencil like it would with a 4% loan.

Mortgages 475

Mortgages Finance Equity Loans 475

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 416

Equity Loans Finance Mortgages 416

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 255

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 430

Housing Wire

APRIL 28, 2025

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

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Marketing Principal Mortgages Loans 395

Housing Wire

JANUARY 27, 2025

This powerful, easy-to-use solution allows servicers to provide advanced, self-service tools to their customers to help deliver an unparalleled experience and unlock new growth opportunities in this challenging market. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

Equity 369

Equity Technology Loans Mortgages 369

Housing Wire

MARCH 14, 2025

Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators. Heres how the mortgage industry is changing and what loan officers must do to thrive. Understanding todays mortgage market challenges 1.

Mortgages 363

Mortgages Loan Officer Marketing Loans 363

Housing Wire

APRIL 10, 2025

Volatility is becoming the new norm in today’s commercial real estate market. To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. His words contain valuable knowledge that investors need to thrive in this market. A change is needed.

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Investor Commercial Finance Technology 451

Housing Wire

APRIL 7, 2025

While the housing market seems like the least of our financial worries right now as stock markets are melting down around the globe, we track housing here at HousingWire, so it opens the question: how quickly could we see impact in the housing market and in which data would we see it first? We can lose our jobs.

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Marketing Sales Mortgages As-is 431

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. However, “There’s no free lunch. How much will borrowers pay?

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Equity Loans Mortgages Loan Officer 430

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 403

Mortgages Equity Principal Loans 403

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. The for-sale market, on the other hand, is offering opportunities for buyers heading into the fall, with more than 1 in 4 sellers cutting prices. In some of the U.S.’s The typical rent is 3.4%

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Pre-approval Loans Mortgages Equity 460

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.

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Mortgages Equity Lending Loans 388