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Lone Star Funds ‘ residential mortgage lender Caliber Home Loans hopes to raise up to $538 million at its highly anticipated public debut next week, according to documents filed with the Securities and Exchanges Commission on Wednesday. MORE
As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6 MORE
Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. life-of-loan Vestar Capital Partners MORE
One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about. MORE
The number of loans in forbearance stood unchanged from last week at 3.25% for the week ending on Aug. According to the latest report from the Mortgage Bankers Association , 1.6 The share of Fannie Mae and Freddie Mac loans in forbearance remained the same, at 1.66%. MORE
A home equity loan can be a convenient and relatively inexpensive way to access money that you can use to pay off credit cards, make home improvements or finance a child’s college education. If you fall behind on home equity loan payments, you will be assessed late fees. MORE
Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Though this isn’t the first time the mortgage tech startup has worked closely with the government entities. MORE
It may sound like a large number, but the prospect of a foreclosure crisis is looking increasingly unlikely thanks to a sharp rise in home prices that has seen homeowner equity grow significantly since one year ago. of all outstanding mortgages in the U.S. MORE
As mortgage rates sta y below 3% for the 17th consecutive week, a Black Knight report released Friday found that the number of “high quality” refinance candidates continues to climb. Looking at current mortgage rates, Black Knight estimates those 19.4 MORE
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. Home Equity Report , revealed that 30.2% MORE
The Federal Housing Finance Agency (FHFA) will require the government sponsored enterprises to submit annual plans to advance equity in housing finance for the next three years. “This is a major step in bringing more equity to the housing finance industry,” said Fudge. MORE
The reverse mortgage volume boom appears to have diminished for now, at least if new data is any indication. Home Equity Conversion Mortgage (HECM) endorsements fell in August, 2021 by 14.3% This is according to data compiled by Reverse Market Insight (RMI). to 118 loans). MORE
Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight , the most in a single quarter in nearly 15 years. There is still $9 trillion in tappable equity, a 37% increase year-over-year. MORE
As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. MORE
For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels. MORE
To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months. MORE
Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close. MORE
billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. A foreclosure sale usually represents the last chance for a distressed homeowner to benefit from any equity in a property being foreclosed,” said Ali Haralson , Auction.com president. “If MORE
JPMorgan Chase has tightened mortgage terms on jumbo loans for co-operatives and condominiums in Manhattan amid shrinking buyer demand, Bloomberg reported on Friday. Chase announced that, beginning this week, it would limit jumbo loans to 70% of the sale price. MORE
As more and more mortgage tech companies enter the scene, competition for accessibility and personalization gained speed this week as proptech touched down in more niche submarkets. The post Mortgage Tech: Black Knight, CoreLogic and Mutual of Omaha appeared first on HousingWire. MORE
announced the acquisition of LoanLogics , a digital mortgage solutions provider and fellow Jacksonville-based company. Inefficiencies in data and workflow are driving rising mortgage market costs, and LoanLogics helps solve this industry challenge.” MORE
Equity release may seem like a good strategy in the short term, but the CEO of the UK’s largest provider of bungalow living for the over 45’s warns that the practice is, for many people, not the ideal financial strategy. What Is Equity Release? The Disadvantages of Equity Release Plans. MORE
A perfect storm of record low interest rates and shifting consumer behavior spurred by the COVID-19 pandemic resulted in an absolutely incredible year for mortgage lenders in 2020, especially the independent mortgage banks. billion loans Percent volume increase from 2019: 226.3%. MORE
Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. Point’s primary product offering is a home equity investment, which centers on the sale of a small fraction of a customer’s home equity, typically in the range between 5-10% of the home’s current value. MORE
members of the Federal Reserve’ s Federal Open Market Committee discussed hiking interest rates. billion public offering, citing adverse market conditions and poor valuations for other newly public fintech companies. On Nov. MORE
The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. 5 reasons to refinance your mortgage right now. MORE
But home equity – the difference between the value of your home and what you currently owe – isn’t just built through your monthly principal payments. Home price appreciation plays a vital role in growing your equity and, ultimately, your wealth. homeowner equity has reached nearly $1.9 MORE
Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. MORE
Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. That placed Caliber just behind United Wholesale Mortgage. MORE
homeowners with mortgages witnessed a 6.6% year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic. MORE
For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. Why head into retirement with a mortgage? MORE
Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. MORE
Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). Your equity increases in two ways. Second, your equity increases as the market value that you can sell it for increases. MORE
Home Equity & Underwater Report shows that 34.4% of mortgaged residential properties in the U.S. were considered equity-rich in the second quarter—this means the combined estimated amount of loans secured by those properties was no more than 50% of their estimated market value. MORE
Equity Loans Marketing Mortgages Housing Wire
SEPTEMBER 7, 2021
Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight , the most in a single quarter in nearly 15 years. There is still $9 trillion in tappable equity, a 37% increase year-over-year.
Housing Wire
SEPTEMBER 21, 2020
homeowners with mortgages witnessed a 6.6% year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic.
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Housing Wire
SEPTEMBER 7, 2021
The Federal Housing Finance Agency (FHFA) will require the government sponsored enterprises to submit annual plans to advance equity in housing finance for the next three years. “This is a major step in bringing more equity to the housing finance industry,” said Fudge.
Housing Wire
APRIL 8, 2021
billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. A foreclosure sale usually represents the last chance for a distressed homeowner to benefit from any equity in a property being foreclosed,” said Ali Haralson , Auction.com president. “If
Housing Wire
SEPTEMBER 14, 2021
Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. Point’s primary product offering is a home equity investment, which centers on the sale of a small fraction of a customer’s home equity, typically in the range between 5-10% of the home’s current value.
Realty Biz
SEPTEMBER 25, 2021
Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). Your equity increases in two ways. Second, your equity increases as the market value that you can sell it for increases.
Inman
AUGUST 18, 2021
The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year, but lost ground on the refinancing side.
Housing Wire
AUGUST 30, 2021
The number of loans in forbearance stood unchanged from last week at 3.25% for the week ending on Aug. According to the latest report from the Mortgage Bankers Association , 1.6 The share of Fannie Mae and Freddie Mac loans in forbearance remained the same, at 1.66%.
Housing Wire
OCTOBER 2, 2020
Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. That placed Caliber just behind United Wholesale Mortgage.
Housing Wire
NOVEMBER 9, 2020
JPMorgan Chase has tightened mortgage terms on jumbo loans for co-operatives and condominiums in Manhattan amid shrinking buyer demand, Bloomberg reported on Friday. Chase announced that, beginning this week, it would limit jumbo loans to 70% of the sale price.
Keeping Current Matters
JUNE 23, 2021
But home equity – the difference between the value of your home and what you currently owe – isn’t just built through your monthly principal payments. Home price appreciation plays a vital role in growing your equity and, ultimately, your wealth. homeowner equity has reached nearly $1.9
Eye on Housing
SEPTEMBER 21, 2020
As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6
Housing Wire
JUNE 24, 2021
Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.
Realty Biz
SEPTEMBER 15, 2021
It may sound like a large number, but the prospect of a foreclosure crisis is looking increasingly unlikely thanks to a sharp rise in home prices that has seen homeowner equity grow significantly since one year ago. of all outstanding mortgages in the U.S.
RIS Media
AUGUST 9, 2021
Home Equity & Underwater Report shows that 34.4% of mortgaged residential properties in the U.S. were considered equity-rich in the second quarter—this means the combined estimated amount of loans secured by those properties was no more than 50% of their estimated market value.
Housing Wire
OCTOBER 21, 2020
Lone Star Funds ‘ residential mortgage lender Caliber Home Loans hopes to raise up to $538 million at its highly anticipated public debut next week, according to documents filed with the Securities and Exchanges Commission on Wednesday.
Inman
MARCH 4, 2021
The dollar amount of loans distributed during the fourth quarter of 2020 was also the highest quarterly amount distributed since at least 2000.
Housing Wire
JANUARY 6, 2021
To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months.
RIS Media
AUGUST 19, 2021
A home equity loan can be a convenient and relatively inexpensive way to access money that you can use to pay off credit cards, make home improvements or finance a child’s college education. If you fall behind on home equity loan payments, you will be assessed late fees.
Housing Wire
JULY 9, 2021
announced the acquisition of LoanLogics , a digital mortgage solutions provider and fellow Jacksonville-based company. Inefficiencies in data and workflow are driving rising mortgage market costs, and LoanLogics helps solve this industry challenge.”
Keeping Current Matters
FEBRUARY 17, 2021
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. Home Equity Report , revealed that 30.2%
Housing Wire
MARCH 25, 2021
Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations.
Housing Wire
JULY 30, 2021
As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns.
Housing Wire
SEPTEMBER 2, 2021
One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about.
Housing Wire
NOVEMBER 23, 2020
As mortgage rates sta y below 3% for the 17th consecutive week, a Black Knight report released Friday found that the number of “high quality” refinance candidates continues to climb. Looking at current mortgage rates, Black Knight estimates those 19.4
Housing Wire
OCTOBER 20, 2020
members of the Federal Reserve’ s Federal Open Market Committee discussed hiking interest rates. billion public offering, citing adverse market conditions and poor valuations for other newly public fintech companies. On Nov.
Housing Wire
SEPTEMBER 15, 2021
The reverse mortgage volume boom appears to have diminished for now, at least if new data is any indication. Home Equity Conversion Mortgage (HECM) endorsements fell in August, 2021 by 14.3% This is according to data compiled by Reverse Market Insight (RMI). to 118 loans).
Housing Wire
JANUARY 6, 2021
For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. Why head into retirement with a mortgage?
Housing Wire
JANUARY 13, 2021
As more and more mortgage tech companies enter the scene, competition for accessibility and personalization gained speed this week as proptech touched down in more niche submarkets. The post Mortgage Tech: Black Knight, CoreLogic and Mutual of Omaha appeared first on HousingWire.
Housing Wire
APRIL 13, 2021
A perfect storm of record low interest rates and shifting consumer behavior spurred by the COVID-19 pandemic resulted in an absolutely incredible year for mortgage lenders in 2020, especially the independent mortgage banks. billion loans Percent volume increase from 2019: 226.3%.
Housing Wire
FEBRUARY 24, 2021
For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels.
Housing Wire
JANUARY 7, 2021
Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Though this isn’t the first time the mortgage tech startup has worked closely with the government entities.
Housing Wire
SEPTEMBER 22, 2020
Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January.
Housing Wire
MARCH 1, 2021
The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. 5 reasons to refinance your mortgage right now.
Realty Biz
FEBRUARY 19, 2021
Equity release may seem like a good strategy in the short term, but the CEO of the UK’s largest provider of bungalow living for the over 45’s warns that the practice is, for many people, not the ideal financial strategy. What Is Equity Release? The Disadvantages of Equity Release Plans.
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