Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

Equity 488

Equity Lending Banks Loans 488

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. “In billion have been securitized in the private-label market, “of which $4.5

Equity 492

Equity Loans Investor Mortgages 492

Housing Wire

MARCH 3, 2025

Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday. Weve built an incredible foundation and as we focus on each agents personal development and their continual sales growth, we welcome the partnership and backing from the team at Stone Point Capital.

Technology 448

Technology Residential Commercial Brokerage 448

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital. “In

Construction 459

Construction Development Loans Lending 459

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 270

Lending Equity Banks Construction 270

Housing Wire

OCTOBER 5, 2023

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 a review of bond-rating and industry reports.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

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 321

Mortgages Equity Industrial Loans 321

Housing Wire

MARCH 25, 2024

The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by the European Pensions and Property Asset Release Group (EPPARG), a trade association that represents European equity release companies.

Equity 468

Equity Marketing Finance Mortgages 468

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

Branding 353

Branding Equity Lending Finance 353

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. “In billion have been securitized in the private-label market, “of which $4.5

Equity 447

Equity Marketing Loans Investor 447

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 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. While Americans sit on approximately $32 trillion in home equity , only 50% of homeowners can tap into that wealth. Nomura Securities International Inc.

Equity 435

Equity Finance Investor Technology 435

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. And he will oversee development and implementation of the firm’s marketing strategy and distribution processes. San Jose -based EquiFi Corp. ,

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

Housing Wire

FEBRUARY 19, 2024

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. Assuming he put 3.5%

Equity 468

Equity Purchase and sale agreement Loans Mortgages 468

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

Development 459

Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

NOVEMBER 21, 2024

As you develop and build business, especially with financial planners, there are so many strategic ways to use a reverse mortgage that we try to share with our advisers,” Nelson said. With that focus came attention and appreciation for the reverse mortgage product, which led him to see an opportunity for him and his family.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

NOVEMBER 8, 2024

Renting may seem like the safe bet, but renting offers zero equity growth and misses out on the tax benefits of homeownership. “Not Not only does owning build equity,” explains Shallis, “but the tax benefits are substantial. Key Strategies for Realtors in Q4 1. Yes, the American Dream of homeownership is still alive and well.”

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

MARCH 26, 2024

As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. Stated differently, you are dealing with individuals that may be in an equity prison. It comforts them for a brief moment.

Equity 459

Equity Loans Bankruptcy As-is 459

Housing Wire

JANUARY 3, 2024

population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. As the gap between high- and low-income homeowners widens, the equity they’ve built up in their homes could make a difference in the equation. As the U.S.

Equity 459

Equity Mortgages Development Design 459

Housing Wire

JANUARY 10, 2025

The company is actively monitoring the still developing situation, and will assess further steps once the extent of the impact is known, Smith added. Our thoughts are with our members, their staffs, their families and their customers who may have been impacted by the horrific fires in Southern California, the association said. Please be safe.

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

APRIL 2, 2025

Milligan will focus on the wider deployment and development of SecureEquity , the proprietary reverse mortgage product announced by the company on Tuesday. Terms of the product are broadly similar to those that govern the Federal Housing Administration s Home Equity Conversion Mortgage ( HECM ) loan.

Loans 313

Loans Mortgages Equity Industrial 313

Housing Wire

MARCH 6, 2025

Department of Housing and Urban Development (HUD) Secretary Scott Turner is visiting the area alongside Kathryn Barger , chair of the Los Angeles County Board of Supervisors. The ML explained that the moratorium restricts foreclosure actions on both FHA-insured single-family forward mortgages and Home Equity Conversion Mortgages ( HECMs ).

Equity 355

Equity Mortgages Design Development 355

Housing Wire

FEBRUARY 26, 2025

What they found was a product type that had yet to reach their shores in the form of the Home Equity Conversion Mortgage (HECM) for Purchase (H4P). Department of Housing and Urban Development (HUD). Also, meeting system providers like HECM Toolbox who have developed specific products to improve the reverse mortgage market was great.”

Mortgages 321

Mortgages Banks Equity Development 321

Housing Wire

MARCH 20, 2024

They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s s reverse division to transition back into a role as a reverse mortgage broker.

Development 459

Development Industrial Mortgages Loans 459

Housing Wire

JANUARY 4, 2024

While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. “If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” ” Molinsky told NextAvenue.

Equity 433

Equity Renovation Lending Finance 433

Housing Wire

NOVEMBER 6, 2023

The use of artificial intelligence (AI) is poised to grow amid higher origination costs and greater competition, but without correcting the underlying causes of bias in data, AI models can embed racial equity inequality on a larger scale, a recent report from the Urban Institute concluded. “It

Equity 434

Equity Mortgages Finance Development 434

Housing Wire

JANUARY 6, 2025

While some homeowners are looking to cash in on the equity they’ve built up since the pandemic, these same increases in property values are driving up the number of home sales that the capital gains tax would be applied to. Department of Housing and Urban Development (HUD).

Sales 397

Sales Equity Finance Development 397

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 300

Inspection Mortgages New Construction Equity 300

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

NOVEMBER 8, 2024

In the latest episode of the Power House podcast, host Diego Sanchez sits down for a group chat with Fobby Naghmi, senior vice president at Homecomings Mortgage & Equity , and Ginger Bell, founder of Edumarketing. This conversation has been edited for length and clarity. Bell: Leadership is everything, honestly. What does that look like?

Industrial 370

Industrial Mortgages Equity Development 370

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product.

Development 448

Development Loans Banks Mortgages 448

Housing Wire

NOVEMBER 12, 2024

He later transitioned into several capital partner roles, including as venture partner at Conversion Capital and as co-founder of Capital Crossing — which saw peak revenue of $52 million in 2023, according to data from career development site Zippia. The new COO’s leadership journey began in the capital market sector. “The U.S.

Technology 370

Technology Finance Mortgages Lending 370

Housing Wire

NOVEMBER 13, 2024

But some misconceptions about how the credit line is impacted by partial Home Equity Conversion Mortgage ( HECM ) prepayments was called out by Hultquist and McMinn. “Yes, Relationship between debt and equity McMinn continued with the next misconception, speaking again to a hypothetical borrower. The whistle blew immediately.

Equity 370

Equity Mortgages Principal Loans 370

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. and one of them is Newfi, which is a non-QM lender.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

FEBRUARY 14, 2025

A bill in the state of Hawaii that seeks to establish a state-run equivalent of the Federal Housing Administration (FHA)s Home Equity Conversion Mortgage ( HECM ) program appears to be dead in its current form, having failed to reach key deadlines following its submission to three different legislative committees.

Mortgages 258

Mortgages Equity Finance Industrial 258

Housing Wire

FEBRUARY 4, 2025

It seeks to establish a state-level information summary for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ) program. It added that lenders eager to tap the equity in these homes are sometimes aggressive to foreclose and see a return on their investment. In 2019, then-Gov.

Mortgages 358

Mortgages Loans Equity Principal 358

Housing Wire

MARCH 24, 2025

The scenario carries similarities to an issue the reverse mortgage industry has faced for the past several years regarding state-specific counseling requirements faced by older residents who needed to complete an in-person counseling session to qualify for a Home Equity Conversion Mortgage ( HECM ) loan.

Equity 261

Equity Mortgages Development Loans 261