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

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

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

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 444

Equity Marketing Loans Investor 444

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

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.

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Development Industrial Mortgages Loans 459

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 394

Equity Purchase and sale agreement Mortgages Finance 394

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 458

Development Industrial Mortgages Fixed-rate mortgage 458

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 458

Equity Mortgages Development Design 458

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 432

Equity Mortgages Finance Development 432

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 428

Equity Renovation Lending Finance 428

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.

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Development Loans Banks Mortgages 448

Housing Wire

FEBRUARY 22, 2023

This means ensuring our work is not limited by department or business unit silos, and that we continue to grow the core case for aligned business outcomes and impact at scale — including driving racial equity, housing stability and climate resilience.” You cannot address climate risk without addressing systemic and pervasive equity issues.

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Equity Finance Industrial Development 397

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 368

Equity Mortgages Principal Loans 368

Housing Wire

SEPTEMBER 14, 2023

” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew.

Equity 416

Equity Banks Investor Residential 416

Housing Wire

JANUARY 8, 2024

When monopolies occur, the only opportunity for innovation comes from the largest banks and lenders as they have the capital to develop their own proprietary solutions. The formation of a monopoly in the mortgage industry would slow the introduction of new solutions that would improve access to credit and customer experience.

Equity 476

Equity Lending Technology Banks 476

Housing Wire

JUNE 17, 2024

These observations fueled my commitment to developing “Beyond Our Walls,” WakeMed’s health equity curriculum, which explores how issues like housing are pivotal factors in public health. The Raleigh Area Land Trust (RALT) is working to serve as a solution for needy families by mitigating housing instability and promoting health equity.

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Land Equity Development As-is 498

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets.

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Closing Equity Investor Finance 446

Housing Wire

FEBRUARY 28, 2024

With its newest influx of capital, EasyKnock aims to advance the development of its platform by honing its suite of products. We’re proud to have Northwestern Mutual on board, as this round will enable us to turbocharge our product development and expand the ways we support our customers in the very near future.”

Closing 458

Closing Equity Investor Development 458

Housing Wire

APRIL 22, 2024

Even homeowners who have paid off their mortgage may be finding that their available equity is not enough to downsize, according to a story published Saturday by The New York Times. The organization “bases its calculations on older homeowners tapping their home equity with reverse mortgages,” the Times explained.

Equity 459

Equity Mortgages Development Loans 459

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

FHA loan 418

FHA loan Mortgages Equity Loans 418

Housing Wire

JANUARY 8, 2025

Most people didnt notice this growing lock-in effect as it was developing in the mid 2010s, but it was well under way. It also means muted equity increases. Itll be an era where fewer investors can speculate by buying multiple properties with the equity gains of an existing portfolio. of outstanding mortgages, around 8.7

Mortgages 488

Mortgages Finance Loans Equity 488

Housing Wire

JANUARY 7, 2025

That means most members of the baby boomer generation are sitting on as much as $17 trillion in home equity as of the second quarter of 2024, and they are largely planning to keep that wealth within their own families. Baby boomers also expressed a desire to protect their home equity as opposed to tapping it in retirement.

Equity 374

Equity Closing costs Finance Technology 374

Housing Wire

MARCH 20, 2024

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week.

Lending 447

Lending Equity Technology Banks 447

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status.

Equity 488

Equity Loans Commercial Mortgages 488

Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. In his new role, Schoenholtz will be responsible for driving growth for the EasyKnock marketplace.

Equity 434

Equity Technology Lending Development 434

Housing Wire

MARCH 19, 2021

Its apartment development business and single-family rental joint-venture, and a stake in master-planned community developer Five Point Holdings would be among the businesses being spun off into a new company. Both companies have plans to go public through special purpose acquisition companies. “We ” The spin-off.

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Land Development Equity Construction 529

Housing Wire

MAY 30, 2024

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday.

Bankruptcy 469

Bankruptcy Loans Equity Development 469

Housing Wire

JANUARY 23, 2024

It’s a delicate balance between interest rates and equity. If rates drop and equity levels rise, homeowners may be more inclined to release their properties into the market, capitalizing on the accrued equity to offset higher interest rates. Change is on the horizon. Will we get more inventory?

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

FEBRUARY 7, 2024

The GSEs should “increase certain loan purchases” in Duty to Serve markets; develop new and accessible loan products and programs; and evaluate new business partnership opportunities. Better loan products to serve “high-needs rural regions” should also be developed. mortgage finance system.

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Land lease Land Lending Finance 459

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The original effective date as announced last fall remains in effect, which will be April 29, 2024.

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

JULY 19, 2024

Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association ‘s (NRMLA) Annual Meeting and Expo that will take place in San Diego in September. Julia Gordon The announcement was made by NRMLA in an email alert to its membership.

Equity 438

Equity Lending Mortgages Development 438

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. million HECM loans between Oct. 1, 1999, and Sept.

Equity 458

Equity Loans Principal Commercial 458

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated.

Mortgages 430

Mortgages Equity Development Design 430

Housing Wire

SEPTEMBER 6, 2024

His daughter helped him qualify for a home equity line of credit to tap another $85,000. His daughter helped him qualify for a home equity line of credit to tap another $85,000. senior-held home equity that rose to $13 trillion in first-quarter 2024. has yet to develop a comprehensive national plan on aging,“ AARP explained.

Equity 459

Equity Finance Development Banks 459

Housing Wire

MAY 20, 2024

So, as the loan balance increases, your home equity decreases.” Department of Housing and Urban Development (HUD). They can also look at other home equity options that may be possible to them, such as a home equity loan or refinancing. The best way for a borrower to arm themselves is with good information.

Mortgages 446

Mortgages Equity Loans Closing costs 446

Housing Wire

MAY 2, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”

Mortgages 466

Mortgages Equity Lending Loans 466