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Reverse mortgage alums secure financing for alternative equity-tapping product

Housing Wire

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. CHEIFS is currently available in four states: Arizona , California , Florida and Pennsylvania. 31 of that year.

Equity 369
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Fathom promotes veteran finance leader Joanne Zach to CFO

Housing Wire

On Wednesday, the firm hired former senior vice president of finance Joanne Zach as chief financial officer. According to firm, Zach gained valuable insight from Fregenal on Fathom’s finance strategy while forming key relationships across the company. .”

Finance 370
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 482
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Wrightwell secures new financing, pledges housing investment of up to $300M

Housing Wire

Real estate investment and operating platform Wrightwell has secured a new financing round while forging a partnership with Bain Capital and Saluda Grade. housing and financing operating companies.” The deal will yield as much as $300 million in new investments into single-family rental (SFR) and built-to-rent (BTR) properties.

Finance 283
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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

In an exclusive executive conversation, HousingWire sat down with Jonathan Scarpati, senior vice president of Wholesale Production at Finance of America , to explore home equity products, opportunities for mortgage professionals to leverage them, and more. HousingWire: How did you get into Finance of America and the industry?

Equity 370
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Announcing HousingWire’s 2024 Finance Leaders

Housing Wire

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”

Finance 468
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Opinion: The myth of financing buyer agent commissions

Housing Wire

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. To avoid this, you’d need additional rule changes.

Finance 448