Housing Wire

JUNE 9, 2025

is officially exiting the title business with the sale of its Title365 subsidiary to Covius Services , the companies announced on Monday. While it’s stepping away from title operations, Blend will continue to use the platform for title and closing services. Blend Labs Inc. Financial terms were not disclosed.

Title

Housing Wire

OCTOBER 23, 2024

Cash-out refis have gained popularity due to record-high home equity levels in recent years. That being said, they emphasize the volume and retain their title as the number one mortgage lender in the country.” Optimal Blue data for September showed that rate locks for cash-out refis rose by 6% month over month and 55% year over year.

Equity

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. As more older adults state their desires to age in place in their current homes and with baby boomers owning as much as half of all U.S.

Inspection

Housing Wire

APRIL 8, 2025

By working with our investors, title partners and technology partners, were creating a mortgage landscape where reverse mortgage borrowers have access to the same forward-thinking digital solutions as traditional borrowers. Fairway Independent Mortgage Corp. Our goal isnt just to advance Fairway its to elevate the industry, he said.

Closing

Housing Wire

APRIL 7, 2025

The Department of Housing and Urban Developments order to crack down on non-permanent residents receiving mortgages insured by the Federal Housing Administration eliminates the non-permanent resident category from eligibility for Single Family Title I and Title II programs.

Commercial

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. It’s on their website.

Equity

Housing Wire

FEBRUARY 3, 2025

A buyer wants the right to use those names and marks with superior title from the rest of the world. Also, have any employees been promised future equity in the seller? Patent & Trademark Office. Are those employees subject to non-competes, confidentiality and non-solicitation agreements? All these documents must be reviewed.

Due diligence

Housing Wire

NOVEMBER 29, 2024

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. homeowners are sitting on a record level of about $35 trillion in home equity.

Mortgages

Housing Wire

APRIL 22, 2025

will collect a hefty payout following his termination from the title insurance giant, according to a shareholder report filed with the U.S. million from accelerated vesting of equity, and $2.2 An illustration of the Virgin Voyages cruise ship in the Caribbean with piles of money surrounding it. Securities and Exchange Commission.

Title

Housing Wire

JUNE 17, 2025

There was a 2024 study that was titled, ‘ Is AI ageist? ,’ and really what they were looking at is … comparing different large language models and saying, ‘Compared to each other, which one gives more ageist-like answers?’” Packer has previously discussed the development of Longbridge’s “Bridget” AI tool.

Technology

Housing Wire

JUNE 9, 2025

Kelman added that its Bay Equity mortgage business (a retail lender) will remain in play, and he expressed admiration for Rocket’s efficiencies in originating loans. Rocket already did a large brand reunification , renaming its Amrock title company as Rocket Close. “We want to grow that channel.

Branding

Housing Wire

APRIL 8, 2025

Those additional streams include equity incentives, revenue sharing, and JV opportunities in title services. Doubling down on tech innovation With dramatic growth comes the next evolution of the firm. That, says Poleg, is to double down on technology.

Brokerage

HomeLight

OCTOBER 29, 2024

This means that the majority of Alabama sellers must pay off their existing mortgage before they can transfer the property title to the new buyer. over the previous year, you may even pocket a significant profit from your sale if you have substantial equity. Considering that housing prices in Alabama have increased by around 3.7%

Closing costs

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

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages

Housing Wire

MARCH 21, 2025

These include an accelerated equity vesting plan for directors if they are not reelected and a requirement for Cannae to repurchase half of Foleys shares at a significant premium to market prices. The firm holds 2.9 million shares in Cannae and took its grievances public with a recent regulatory filing and a letter released Thursday.

Investor

Housing Wire

MARCH 17, 2025

But the government instead says that TCB is missing out on details that are essential to the securitization of Home Equity Conversion Mortgage ( HECM ) loans into the HECM-backed Securities ( HMBS ) program.

Banks

Housing Wire

MAY 13, 2025

New features are expected to benefit home equity and refinance transactions by streamlining scheduling and improving transparency, the company added. . “Our platform even prepares the borrower for the closing type of their choice, with built-in education every step of the way.”

Technology

The Close

NOVEMBER 7, 2024

Home equity line of credit (HELOC): If you already own a property with significant equity, you can use a line of credit against that equity to fund your real estate investments. Private money lenders: These are individuals or private companies that provide loans for real estate investments.

Hard money loan

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

Housing Wire

NOVEMBER 7, 2024

” Ghamsari also cited new customer growth as a vital part of Blend’s profit-forward quarter, namely a multi-year mortgage and home equity deal with Pentagon Federal Credit Union , the nation’s second-largest federal credit union by asset size with nearly 3 million members. million and title segment revenue of $12.1

Mortgages

HomeLight

OCTOBER 31, 2024

If you sell your house for a mid-range price of $385,000, you can expect to pay anywhere from $23,100 to $38,500 in seller closing costs. The answer is a mix: Some closing costs are tax deductible, while others are not but can reduce your taxable capital gains.

Closing costs

Marco Santarelli

DECEMBER 29, 2024

Refinancing can be an effective way to lower your interest rate, reduce your monthly payments, or take cash out of your existing home equity. These can include application fees, title search fees, and other administrative expenses. Refinancing: Is It Right for You?

Mortgages

The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. You’ll need to take many different costs into account and be prepared for unexpected expenses.

Purchase and sale agreement

HomeLight

OCTOBER 31, 2024

Current property ownership documents You’ll also need documentation to prove property ownership: Property deed and title documents: These establish legal ownership. The title is the concept of legal ownership granted by the deed. Any second mortgage documents: Documents for any home equity loan or HELOC associated with the property.

Purchase and sale agreement

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession

The Mortgage Report

JULY 14, 2025

Let us find the right mortgage for you Step 4: Use a quitclaim deed to transfer ownership It’s important to understand the distinction between the mortgage and the title. The title shows who legally owns it. Removing someone from the mortgage does not automatically remove them from the title, and vice versa.

FHA 203k rehab 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.

Mortgages

BAM Media

MARCH 10, 2025

The deal, expected to close in Q2 or Q3 2025, will integrate Redfins 50 million monthly visitors with Rockets mortgage and title services to streamline homebuying. Redfin will continue operating under its brand, with CEO Glenn Kelman remaining in his role and reporting to Rocket CEO Varun Krishna. billion all-stock deal.

Pre-approval

The Mortgage Report

JULY 28, 2025

If you sell your property or refinance in the future, this document can prevent headaches with title companies,” suggests Glick. Mistakes can happen, and you want a clear title,” says Glick. “If Store in a safe or with your important papers, because it’s proof that you own your home outright.

FHA 203k rehab loan

The Mortgage Report

JULY 15, 2025

Adding someone to the home’s title is possible without changing the loan. Option 1: Addition to the title Option 2: Loan assumption Option 3: Loan modification Can you add someone to a mortgage without refinancing? Start here What’s the difference between a mortgage and a title? Check options to add a name to your mortgage.

FHA 203k rehab loan

Redfin

MARCH 4, 2025

These could also include any home equity loans or lines of credit you may have with your lender. Preliminary title report Youll want to find your original title report. The homebuyer will still have a title company perform a preliminary title report as part of the home selling process.

Purchase and sale agreement

RIS Media

MARCH 31, 2025

In a stunning strategic business transaction announced March 31, Rocket Companies, the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced a definitive agreement to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion in equity value.

Mortgages

Redfin

JULY 15, 2025

These costs cover essential services required to finalize the sale, such as taxes, title insurance, appraisal fees, and lender charges. Once you’ve built up 20% equity in your home, you can usually request to remove it and lower your monthly payment. to 2% of your loan amount each year. The good news?

Closing costs

Redfin

JULY 17, 2025

Transfer ownership Finalize the sale through a title company or real estate attorney. A gift of equity must be documented, especially if the buyer is using a mortgage. Yes, but it may be considered a “gift of equity” by the IRS and could trigger gift tax implications. How do I document a gift of equity?

Purchase and sale agreement

The Close

NOVEMBER 25, 2024

Some financing options include the following: Conventional loans Government-backed loans Home equity loans (HELOCs) or lines of credit Hard money loans Cash Reaching out to a lender is the best way to get more detailed information on these different loan options and determine which one fits your investment needs.

Hard money loan

HomeLight

MARCH 24, 2025

Confirm the status of the mortgage You need to know whether there are any outstanding liens , such as a mortgage, home equity loan, or HELOC (line of credit) attached to the inherited house. This can be done through a title search , which will reveal any debts or claims against the property, including unpaid taxes.

Purchase and sale agreement