Housing Wire

APRIL 15, 2025

More than $700 billion in home equity is effectively trapped and inaccessible to homeowners due to a variety of economic circumstances, including employment shocks and shifts in the market that negatively impact their credit scores. This exacerbates existing barriers to credit and access to home equity.

Equity 358

Equity Lending Development Loans 358

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgages 417

Mortgages Equity Loan Officer Loans 417

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

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

Equity 417

Equity Loans Lending Branding 417

Housing Wire

JUNE 26, 2025

Analysts, economists and mortgage professionals are coining this quarter’s activity as one of the most “calm” periods for mortgage rates in recent memory. BTIG analysts said Wednesday that despite Treasury volatility in April, mortgage rates remained unusually stable this quarter. And it’s emotional.”

Mortgages 406

Mortgages Equity Loans Loan Officer 406

Housing Wire

NOVEMBER 15, 2024

The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory. “We Meanwhile, the labor market “is now by many metrics back to more normal levels that are consistent with our employment mandate,” Powell said.

Mortgages 530

Mortgages Equity Sales Marketing 530

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 Along with the rise in equity, total mortgage debt has actually fallen by a marginal amount — from $13.4 trillion in 2024. That’s more than triple the $11.4

Equity 270

Equity Industrial Mortgages Principal 270

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. had these cheap mortgages. People with expensive mortgages are more likely to sell their house.

Mortgages 475

Mortgages Finance Equity Loans 475

Housing Wire

JULY 7, 2025

A rise in negative equity and exposure to student debt are creating “pockets of vulnerability” for U.S. That’s according to ICE Mortgage Technology ‘s July 2025 Mortgage Monitor report released on Monday. homeowners. in May, although it is up 16 bps year over year. Department of Veterans Affairs (VA).

Equity 263

Equity Mortgages FHA loan Loans 263

Housing Wire

APRIL 9, 2025

High mortgage rates have made moving or buying a new house less appealing, said Ebonee Johnikin, a real estate agent based in Laurel, Miss. Many baby boomers have already paid off their homes or have a low fixed mortgage that they dont want to give up. Representatives from Fairway Independent Mortgage Corp.

Equity 387

Equity Mortgages Industrial Loans 387

Housing Wire

MARCH 31, 2025

Following a rise to an all-time high in the second quarter, senior-held home equity saw a modest decline in the third quarter and endured a more severe drop in the fourth quarter. Homeowners 62 and older saw their collective home equity levels drop by 1% in Q4 2024 to a total of $13.95 billion) increase in senior-held mortgage debt.

Equity 311

Equity Finance Mortgages As-is 311

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. Unlike the pre-2008 era, stricter lending standards and robust regulations have kept mortgage delinquency rates low, significantly lowering the odds of a catastrophic collapse.

Marketing 450

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

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

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. How many of you have a mortgage first lien, 30-year with a 4% coupon or lower? trillion in available equity among U.S. homeowners and $11.5

Equity 318

Equity Loan Officer Banks Loans 318

Housing Wire

JUNE 23, 2025

With mortgage rates still hovering near multi-decade highs, homeowners are opting to hold onto their ultra-low first mortgages. Instead of refinancing, they’re tapping into their equity through home equity loans and HELOC s to finance renovations, cover tuition, or consolidate high-interest debt. Alternatives are allowed.

Lending 340

Lending Equity Loans Technology 340

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. Those are decisions yet to be made.

Equity 344

Equity Marketing Finance Mortgages 344

Housing Wire

APRIL 10, 2025

Reverse mortgage professionals have long sought financial advisors as referral sources, but might find that those professionals are not particularly willing to entertain the notion that the product would be right for their clients.

Mortgages 370

Mortgages Marketing Principal Lending 370

Housing Wire

MARCH 13, 2025

Home equity increased nationally by $281.9 year over year, according to the latest CoreLogic Homeowner Equity Report (HER), released Thursday. But the report also noted rising negative equity in some sunbelt states, along with Oregon and Washington, D.C. The average borrower had $303,000 in home equity at the end of 2024.

Equity 260

Equity Mortgages Residential As-is 260

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 403

FHA loan Mortgages Equity Loans 403

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Purchase and sale agreement 430

Purchase and sale agreement Mortgages Equity Finance 430

Housing Wire

JUNE 3, 2025

While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate for the past several years, their international equivalents dont always have the same challenges. But as the world keeps spinning, reverse mortgage players in other countries are making moves. It reached $2.5

Mortgages 428

Mortgages Equity Banks Lending 428

Housing Wire

OCTOBER 29, 2024

Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. This equated to homes being 9.2% renter population.

Mortgages 429

Mortgages Equity Loans Marketing 429

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. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement.

Mortgages 388

Mortgages Equity Lending Loans 388

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages 370

Mortgages Equity Lending Design 370

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 365

Equity Lending Residential Branding 365

Housing Wire

MAY 8, 2025

homeowners would consider tapping their home equity via products like a home equity line of credit ( HELOC ) due to ongoing concerns about the economic climate, stemming from a rise in volatility and uncertainty over the past three years. Still, the rise in the potential use of home equity lending comes with caveats.

Equity 322

Equity Lending As-is Mortgages 322

Housing Wire

OCTOBER 31, 2024

Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. The analysis includes first-lien mortgage originations. As part of the deal that closed Oct.

Lending 480

Lending Mortgages Loan Officer Principal 480

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 287

Equity Principal Loans Mortgages 287

Housing Wire

MAY 5, 2025

San Francisco-based home equity solutions provider Unison announced Monday that it’s lowering the annual percentage rate (APR) on its Equity Sharing Home Loan, an alternative funding vehicle aimed at helping U.S. homeowners tap into record levels of equity. Rates for high-risk borrowers sometimes exceed 12%.

Equity 314

Equity Loans Mortgages Finance 314

Housing Wire

MARCH 14, 2025

The mortgage professional of the future goes beyond the transaction. Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators.

Mortgages 356

Mortgages Loan Officer Marketing Loans 356

Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. Valon intends to use the fresh capital to boost product development and expand its reach to new markets. The company is now servicing $65 million in mortgages, equating to 400% annualized growth.

Mortgages 430

Mortgages Technology Equity Industrial 430

Housing Wire

APRIL 16, 2025

Home equity levels among U.S. Among the lesser anticipated consequences, high amounts of home equity can limit the amount of financial aid that some prospective college students are eligible for. Generally speaking, homeowners also appear reluctant to tap into their home equity despite its meteoric growth over the past five years.

Equity 311

Equity Lending Mortgages As-is 311

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). Case number assignments mark a crucial first step in the process of originating a reverse mortgage. Fairway Independent Mortgage Corp.

Mortgages 402

Mortgages Equity Principal Loans 402

Housing Wire

MAY 2, 2025

The reverse mortgage industrys premier trade association held its first event of 2025 this past week. Jim Cory To solve this, the industry will require more people talking about and originating reverse mortgages in a concerted effort to overcome the incredibly low penetration rate, he explained. We just think its an amazing product.

Mortgages 448

Mortgages Industrial Land Equity 448

Housing Wire

OCTOBER 29, 2024

Economists pointed to lower mortgage rates as the reason for slower growth. 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. gain year over year, less than the 4.8% gain from July.

Mortgages 475

Mortgages MLS Equity Loans 475

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? Mortgage rates , of course.

Marketing 421

Marketing Sales Mortgages As-is 421

Housing Wire

APRIL 15, 2025

Unfortunately, we also had a huge spike in mortgage rates as the chaos of tariffs roiled markets, making U.S. So the question is, will this little bit of market momentum be able to hold up? I expect at least a couple more weeks of rising sales before we would see the impact of mortgage rates back above 7%.

Marketing 417

Marketing Sales Mortgages Equity 417