Housing Wire

APRIL 9, 2025

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). On an online database tracking a series of issues the U.S.

Mortgages

Housing Wire

JUNE 10, 2025

It’s doing so with the launch of a new home equity line of credit ( HELOC ) option specifically for customers ages 62 and older. Namely, it concerns the frequently expressed reluctance of older homeowners to tap into home equity in retirement out of fear that it will limit the assets they can leave to heirs.

Equity

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said.

Investor

Housing Wire

FEBRUARY 6, 2025

Around the same time , Rithm also struck a $720 million deal for Computershare Mortgage Services and its subsidiary, Specialized Loan Servicing , which brought $136 billion in unpaid principal balance (UPB) to Rithms servicing book. Sculptor added another $1 billion in assets during the past year, according to the 2024 earnings report.

Loans

Housing Wire

APRIL 4, 2025

Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said. But the variations available to brokers and principal agents differ. Other lenders active in the proprietary space include University Bank , Smartfi Home Loans and Nationwide Equities.

Mortgages

Housing Wire

APRIL 10, 2025

So that was the original justification for the [Home Equity Conversion Mortgage ( HECM )] portfolio coordination strategy. In this kind of interest rate environment, you’re looking at probably around 40% of the home value, up to the lending limit as an initial line of credit principal limit, he said.

Mortgages

Housing Wire

OCTOBER 30, 2024

This resulted from a portfolio of $878 billion in unpaid principal balance (UPB), including $755 billion in mortgage servicing rights (MSRs) owned by the company. Candidly, we have to figure out a way to get our equity price to trade where it should,” Nierenberg told analysts. “So, billion without raising any equity. “As

Equity

Housing Wire

FEBRUARY 27, 2025

CoreLogic data shows that the percentage of mortgage borrowers who pay more for their taxes and insurance than their principal and interest has risen from 2% roughly a decade ago to nearly 10% today. And in places where people have less equity, there is a higher probability that people lose equity and lose their homes.

Equity

Housing Wire

NOVEMBER 5, 2024

In August, loanDepot added a first-lien home equity line of credit (HELOC) to its product suite, enabling homeowners without a mortgage to borrow from their home equity. Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 billion on Sept. 30, compared to $114.3 billion on June 30.

Purchase and sale agreement

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” “[PennyMac] is well-rounded.

Marketing

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal

Housing Wire

JANUARY 31, 2025

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023. Its net revenue grew from $1.4 billion to $1.6 Pretax income for the final quarter of 2024 was $129.4

Principal

Housing Wire

NOVEMBER 15, 2024

A shift in Rocket Mortgage’s MSR strategy Through the third quarter, Rocket has already acquired or committed to over $70 billion in unpaid principal balance for its servicing portfolio —a 15% increase over year-end 2023. “Together, these assets represent a total of $9.8 That’s 220,000 customers added through Q3. months to 4.3

Mortgages

Housing Wire

JUNE 6, 2025

Tom O’Donoghue, principal with Reverse Loans Now , has multiple clients impacted by the recent wildfires and said the program would help. LaRose added that Celink is “very supportive of CalAssist and other similar programs, which provide much-needed assistance to senior borrowers who have been impacted by a variety of circumstances.”

Mortgages

Housing Wire

JULY 14, 2025

Committed to two channels In an interview on HousingWire’s Power House podcast, Guild CEO Terry Schmidt said that Bayview operates in areas such as personal credit, insurance, home equity and non-QM loans — verticals that could bring new customers and product options for Guild LOs.

Mortgages

Housing Wire

JULY 25, 2025

Reverse mortgage lenders for years have been beating the drum that a Home Equity Conversion Mortgage (HECM) product could benefit seniors struggling with increased costs and fixed incomes. Finance of America debuted a new advertising campaign in April focusing on financial flexibility and quality of life.

Equity

Housing Wire

APRIL 1, 2025

This is roughly in line with other proprietary product offerings in the space from companies such as Finance of America (FOA), Longbridge Financial , University Bank , Smartfi Home Loans and Nationwide Equities. SecureEquity allows us to serve our clients beginning to end; from origination to servicing, ensuring a seamless experience.

Mortgages

Housing Wire

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. billion in unpaid principal balance, down 19% from the prior quarter and up 33% from Q1 2024.

Principal

Housing Wire

APRIL 24, 2025

While the existing base of clients are appreciative of the inclusion of the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ), Cabe heard from users that they also wanted a proprietary option included. Principal limit factors] change and programs change often, so it’s difficult to tackle that one.

Mortgages

The Mortgage Report

JULY 8, 2025

What Are the Different Types of Home Equity Loans and Which Is Best? By Valencia Higuera Reviewed By Aleksandra Kadzielawski July 8, 2025 - 5 min read Key Takeaways There are several ways to tap your home’s equity: fixed-rate loans, variable HELOCs, HELOCs with conversion, cash-out refinancing, and home equity agreements.

Equity

The Close

NOVEMBER 7, 2024

You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest. Cash Flow Projections As part of your business planning, you want to create a cash flow forecast based on the property’s income, expenses, and current vacancy rates.

Hard money loan

Marco Santarelli

DECEMBER 20, 2024

With a better financial profile, you might qualify for a loan with a shorter term, helping you build equity faster and own your home sooner. You Want to Build Equity Faster: If you're financially stable, refinancing into a shorter-term loan can be a great move. Even small differences in rates can lead to substantial changes over time.

Mortgages

The Residential Specialist

MAY 12, 2025

Equity Grows with Every Payment Mortgage amortization means each payment reduces the principal balance owed, increasing home equity automaticallya financial advantage renters dont have.

Mortgages

Marco Santarelli

DECEMBER 12, 2024

for principal and interest. This loan term can lead to significant interest savings over time, making it a popular choice among those who aim to pay off their mortgage equity more quickly. This is a modest reprieve for homeowners considering a new purchase or refinancing their existing loans.

Mortgages

The Mortgage Report

JUNE 17, 2025

These accounts are FDIC-insured for up to $250,000 per account holder, so your principal is protected even if the bank fails. With such a short window, preserving your principal is more important than chasing after higher returns. Find the best first-time home buyer loan for you. Find the best first-time home buyer loan for you.

FHA 203k rehab loan

AAOA

APRIL 28, 2025

Plus, property values tend to appreciate over the long term, helping you build equity and net worth effortlessly. With a property manager handling tenant issues, she now earns a positive cash flow while building long-term equity. Over time, as rent prices increase and your mortgage balance decreases, your cash flow potential improves.

Property Management

The Close

NOVEMBER 25, 2024

Rehab loans: These include home equity lines of credit (HELOCs), HomeStyle renovation mortgages, 203(k) rehab loans, or CHOICERenovation loans. It’s common for flippers to aim for an ROI of 20%. The borrower qualifications are more lenient but with shorter loan terms and higher interest rates.

House Flipping

Housing Wire

OCTOBER 15, 2024

The deal includes Home Equity Conversion Mortgages (HECMs) and mortgage servicing rights (MSRs) with an estimated $3 billion in unpaid principal balance (UPB). The parties entered into an agreement on Oct. The MSRs are currently subserviced by Onity subsidiary PHH Mortgage Corp.

Principal

Calculated Risk Real Estate

MARCH 13, 2025

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. million homes or 2% of all mortgaged properties.

Closing

The Mortgage Report

JULY 11, 2025

Homeownership is probably the key foundational building block for creating wealth in our country, because of the tax code, because of principal reduction, because of relatively inexpensive, fixed mortgages. Making that mortgage payment versus paying rent builds equity.

FHA 203k rehab loan

Marco Santarelli

MARCH 16, 2025

Refinancing can be a smart move to lower your monthly payments, shorten your loan term, or even tap into your home equity. This means youll build equity faster and save a ton of money on interest in the long run. 30-Year Mortgage at 6.59%: Your estimated monthly payment for principal and interest would be around $1,914.

Mortgages

Marco Santarelli

MARCH 31, 2025

This means your principal and interest payment never changes, offering predictability which many homeowners value. People refinance for various reasons: to get a lower interest rate, to shorten their loan term, to switch from an adjustable-rate to a fixed-rate loan, or to tap into home equity (cash-out refinance).

Mortgages

Redfin

JULY 23, 2025

In addition to repaying the principal amount of the loan, the monthly mortgage payment includes additional costs that can vary based on location and mortgage type. While principal and interest make up the bulk of your payment, additional expenses like property taxes and homeowners insurance will impact how much you actually pay each month.

Mortgages

Redfin

JUNE 13, 2025

Buying your second home comes with experience on your side and valuable advantages: financial history, equity from your current home, and a clearer sense of what you want. Consider financial tools like bridge loans or home equity loans for your new home’s down payment before your current one sells. Example cost impact: At a 6.8%

Debt-to-income ratio

Marco Santarelli

JULY 21, 2025

Rates Impact : Slight increases in refinance rates may affect homeowners looking to tap equity. Current Refinance Rates Overview Refinancing allows homeowners to replace their existing mortgage with a new one, often to benefit from lower rates or tap into home equity. If rates drop to the predicted 6.4% Conforming vs.

Mortgages

Marco Santarelli

MARCH 13, 2025

The Amortization Cycle When you first take out a mortgage, a substantial portion of your early payments go toward interest rather than paying down the principal. As time goes on, the balance shifts, and a larger portion of each payment goes toward reducing the principal.

Mortgages

Redfin

JULY 23, 2025

Faster equity: Putting more money down means you build equity in your home more quickly. Establishes the buyer’s immediate equity in the property. Reduces the mortgage principal, leading to lower monthly payments and total interest over time. Lenders will instead assess your home equity and creditworthiness.

FHA loan