Housing Wire

OCTOBER 23, 2024

According to ATTOM’s third quarter 2024 Home Equity and Underwater Report, 48.3% of mortgaged residential properties in the U.S. are considered equity rich. saw a remarkable surge in their equity , gaining an impressive $28,000 on average. According to CoreLogic, total home equity skyrocketed to an astounding $33.8

Equity 433

Equity Banks Staging Residential 433

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 356

Equity Finance Mortgages As-is 356

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 288

Equity Industrial Mortgages Principal 288

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 436

Mortgages Equity Loans Loan Officer 436

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 363

Equity Lending Development Loans 363

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 434

Mortgages Equity Loan Officer Loans 434

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 308

Equity Mortgages Residential As-is 308

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 372

Lending Equity Loans Technology 372

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 435

Equity Loans Lending Branding 435

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 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 396

Equity Mortgages Industrial Loans 396

Housing Wire

JUNE 30, 2025

The most recent National Mortgage Database (NMDB) Aggregate Statistics report from FHFA reveals the significant amount of home equity that American households possess. Vast home equity cushion Keep this very simple: 82% of homeowners in America have at least 30% of equity in their homes.

273

273

Housing Wire

FEBRUARY 12, 2025

California-based mortgage lender loanDepot on Wednesday announced the expansion of its equityFREEDOM portfolio to provide nearly 50 million U.S. homeowners with access to their tappable home equity. loanDepots home equity loan lets customers access the equity in their homes in a lump sum in one of three, fully amortizing loan terms.

Equity 370

Equity Loans Lending Mortgages 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 343

Equity Loan Officer Banks Loans 343

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 At Mortgage News Daily , rates were at 7.02% on Thursday afternoon. We are moving policy over time to a more neutral setting.

Mortgages 531

Mortgages Equity Sales Marketing 531

Housing Wire

JUNE 3, 2025

While reverse mortgages in the U.S. Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories and some U.S. But as the world keeps spinning, reverse mortgage players in other countries are making moves. based lenders have taken notice.

Mortgages 447

Mortgages Equity Banks Lending 447

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. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5

Equity 370

Equity Lending Loans Renovation 370

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 326

Equity Principal Loans Mortgages 326

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 488

Mortgages Finance Loans Equity 488

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 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 356

Equity Lending Mortgages As-is 356

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.

Lending 345

Lending Equity As-is Mortgages 345

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 448

Purchase and sale agreement Mortgages Equity Finance 448

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 341

Equity Loans Mortgages Finance 341

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

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 397

Mortgages Equity Lending Loans 397

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 475

Mortgages Industrial Land Equity 475

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. The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 was $766,550. The offering has some limitations.

Mortgages 435

Mortgages Equity Loans Banks 435

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 448

Mortgages Equity Loans Marketing 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 487

Mortgages MLS Equity Loans 487

Housing Wire

JANUARY 2, 2025

Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. But after additional data about the month of October was released, one metric of reverse mortgage industry performance HECM case number assignments from the Federal Housing Administration (FHA) saw a surprising increase at that time.

Mortgages 417

Mortgages Equity Principal Loans 417

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 492

Lending Mortgages Loan Officer Principal 492

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

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. It is utilizing a cross-selling strategy that offers additional products to its existing customers in an evolving mortgage landscape.

Mortgages 448

Mortgages Technology Equity Industrial 448

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

FEBRUARY 11, 2025

The Oregon state senates Committee on Housing Development held a hearing last week on a piece of proposed legislation that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property. Senate Bill (SB) 534 is positioned primarily as a consumer protection measure.

Mortgages 335

Mortgages Equity Industrial Loans 335

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. That is bad news for banks like WaFd Bank, because it has made the business of originating mortgages for our portfolio unsustainable.

Lending 397

Lending Banks Mortgages Commercial 397