Housing Wire

MARCH 13, 2025

Home equity increased nationally by $281.9 year over year, according to the latest CoreLogic Homeowner Equity Report (HER), released Thursday. But the report also noted rising negative equity in some sunbelt states, along with Oregon and Washington, D.C. The average borrower had $303,000 in home equity at the end of 2024.

Equity 307

Equity Mortgages Residential As-is 307

Housing Wire

DECEMBER 2, 2024

Older renters and homeowners of color endure “much higher housing costs,” while Molinsky’s 2023 report on housing trends indicated that older Black homeowners “had less than half the home equity of older white homeowners.” A separate survey from Redfin also found that homeownership tenures in the same house are rising significantly.

As-is 418

As-is Land Equity Mortgages 418

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Equity 367

Equity Lending Residential Branding 367

Housing Wire

APRIL 16, 2025

Home equity levels among U.S. Among the lesser anticipated consequences, high amounts of home equity can limit the amount of financial aid that some prospective college students are eligible for. Generally speaking, homeowners also appear reluctant to tap into their home equity despite its meteoric growth over the past five years.

Equity 243

Equity Lending Mortgages As-is 243

Housing Wire

APRIL 16, 2025

Equity Smart Home Loans made a splash Wednesday by announcing it is severing ties with United Wholesale Mortgage (UWM) and partnering with Rocket Pro. ” In 2024, Equity Smart Home Loans originated over 1,600 loans, according to Modex data. “It just comes down to pricing.

Equity 273

Equity Loans Loan Officer Mortgages 273

Housing Wire

OCTOBER 31, 2024

This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). The product also has a minimum age requirement of 55.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

APRIL 1, 2025

An alternative home equity-tapping product backed by former executives from a reverse mortgage lender has been rolled out to several additional states, following an earlier move that secured hundreds of millions of dollars in financing. Our growing presence across the U.S.

Equity 248

Equity Finance Mortgages Design 248

Housing Wire

DECEMBER 5, 2024

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. trillion in equity, of which $11.2 At the end of third-quarter 2024, U.S. mortgage holders held $17.2

Equity 392

Equity Technology Brokerage Mortgages 392

Housing Wire

SEPTEMBER 12, 2024

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday.

Equity 508

Equity Mortgages Residential As-is 508

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday. home equity over the past year brought total net equity to more than $17 trillion at the end of Q1 2024.

Equity 518

Equity Residential Mortgages Closing 518

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. home equity by the end of this year.

Equity 459

Equity Loans Debt-to-income ratio Renovation 459

Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times. VeriTitle is available via an API and can be integrated into widely used loan origination and point-of-sale systems.

Title 367

Title Equity Loans Closing 367

Housing Wire

MAY 6, 2024

Nationwide equity on mortgaged homes soared to a record $16.9 trillion in the first quarter of 2024, with $11 trillion available for leverage while maintaining a 20% equity cushion — also an all-time high. Nationwide equity on mortgaged homes soared to a record $16.9 homeowners with mortgages have tappable equity.

Equity 497

Equity Mortgages Finance Loans 497

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

OCTOBER 24, 2024

The rest are saving their equity with us by either selling to us or allowing us to list.” “I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is a lot of fear.”

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

OCTOBER 4, 2024

Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion.

Equity 468

Equity Mortgages As-is Marketing 468

Housing Wire

AUGUST 1, 2024

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. Between Q1 and Q2, the share of equity rich homes increased in 48 states.

Equity 482

Equity Mortgages Loans Marketing 482

Housing Wire

AUGUST 5, 2024

trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 On top of that, tappable home equity reached a new high of $11.5 roughly three in five — now have at least $100,000 in tappable home equity, which refers to the amount of equity they can access while maintaining a stable 20% equity “cushion.”

Equity 459

Equity Loans Mortgages Lending 459

Housing Wire

APRIL 22, 2025

As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity , reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products. Moschner said.

Equity 195

Equity Marketing Finance Mortgages 195

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. Homeowners benefiting from these subsidies are more capable of meeting their payment obligations, thus reducing the credit risk for lenders.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

JANUARY 27, 2025

Servicing Digital can help customers perform “what-if” scenarios regarding their property, including options to build equity and the benefits or drawbacks of refinancing or paying down their loan. To help servicers boost retention and recapture strategies, ICE offers a mobile and web-based solution called Servicing Digital.

Equity 369

Equity Technology Loans Mortgages 369

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 335

Mortgages Equity Industrial Loans 335

Housing Wire

NOVEMBER 12, 2024

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement.

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

MARCH 31, 2025

billion , is paying an equity value of $9.4 Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. The Detroit-based fintech , which is also in the midst of acquiring real estate brokerage and home search portal Redfin for $1.75

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

APRIL 14, 2025

Vishal Garg , founder and CEO of Better.com, said in a statement that the transaction rightsizes the companys liability structure, creating approximately $265 million of positive pre-tax equity value for the company and its shareholders, as well as a path to long-term value creation for our equity holders.

Equity 345

Equity Loans Finance Investor 345

Housing Wire

APRIL 7, 2025

Its also a good idea to identify other sources of income you could tap if needed, such as annuities, a home equity line of credit or even a reverse mortgage if you have substantial equity in your house, the Times said based on input from Pfau and others. I would guess that others would become more open to the idea.

Mortgages 361

Mortgages Equity Marketing As-is 361

Housing Wire

OCTOBER 18, 2024

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

APRIL 9, 2025

Instead, the substantial housing equity that homeowners have built up over time enables them to invest in transforming their homes while they remain in place. Most homeowners funded their renovations using home equity loans or lines of credit (54%), while others relied on savings (29%) or credit cards (10%).

Renovation 393

Renovation Equity Loans Mortgages 393

Housing Wire

JANUARY 22, 2025

For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

FEBRUARY 3, 2025

The suits accused EasyKnock of using a deceptive and unfair lending scheme to lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as Sell & Stay transactions. The platform shut down its operations in early December 2024.

Lending 395

Lending Equity Investor Residential 395

Housing Wire

MARCH 10, 2025

billion in equity. Varun and I see how much better real estate could be when AI guides customers not just through that first step in their search, but all the way home, through the sale, the loan and then a lifetime of accumulating equity and wealth. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

JANUARY 22, 2025

Escrow accounts are required for conventional borrowers with 20% or less equity in their homes. Federal Housing Administration (FHA) loan borrowers must maintain escrow accounts for the entire loan cycle, regardless of equity. After that, 70% had higher homeowners’ insurance and 57% had higher premiums.

FHA loan 397

FHA loan Fixed-rate mortgage Equity Mortgages 397

Housing Wire

FEBRUARY 7, 2025

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. The proposal was introduced by Sen. Deb Patterson (D-Salem) and is co-sponsored by Sen.

Mortgages 349

Mortgages Equity Lending Commercial 349

Housing Wire

OCTOBER 29, 2024

“As we near the slower fall months, buyers are likely to continue refusing steep pricing, but sellers should continue to expect record high home equity, especially in the northern and southwestern swaths of the U.S.” Is home-price growth finally cooling? On a non-seasonally adjusted basis, the national home price index posted a 4.2%

Mortgages 487

Mortgages MLS Equity Loans 487

Housing Wire

MARCH 11, 2025

This is according to a new survey from Point , a company that specializes in home equity investments. [O]lder But older homeowners are also sitting on a repository of home equity. Those who are 65 and older had a median home equity level of $250,000 as of 2022. Census Bureau.

Equity 317

Equity Renovation As-is 317

Housing Wire

MARCH 25, 2025

With banks and conventional lenders having tighter lending requirements or less available capital, large investors, such as pension funds or private equity firms, that provide funding, see private lenders with proven success in real estate as reliable partners in a tight credit environment.

Lending 307

Lending Equity Banks Construction 307

Housing Wire

NOVEMBER 7, 2024

When asked during the earnings call about what the company sees in the home equity lending space, Schmidt said that the opportunities in reverse stand out. “We Our second (lien) programs have been really successful, so those (homeowners) that have equity, we’ve got an option there if rates do stay at an elevated level.”

Mortgages 370

Mortgages Equity Lending Branding 370