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David Peskin to purchase ownership stake in HighTechLending

Housing Wire

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. She’s just been incredible.”

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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 433
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Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion. “So

Equity 414
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Redfin acquires Bay Equity, pink slips 121 staff

Housing Wire

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system. Founded in 2007, Corte Madera-based Bay Equity originated a volume at $8.5

Equity 457
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How proptechs are adapting in a changing market

Housing Wire

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete.

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Better.com reports $86M loss in Q2 as margin narrows

Housing Wire

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. And it wasn’t great.

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Can You Sell A Home With A Mortgage?

CT Homes

If you’re a homeowner pondering the possibility of selling your house, you might find yourself wrestling with a common question: Can you sell a home with a mortgage ? It’s a widespread belief that a mortgage chains you to your property until every last penny is paid off.