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 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

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

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

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.

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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

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

MAY 15, 2024

This provides homeowners with a cost-effective alternative for accessing the equity in their homes.” Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. Morgan and Saluda Grade.

Equity 492

Equity Loans Investor Mortgages 492

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

SEPTEMBER 5, 2024

This is one reason why home equity can be a notable difference-maker and should be part of the conversation. Long-term care should be a key consideration, and one potential way to address these costs and other spending goals is to incorporate home equity, according to Block.

Equity 459

Equity Finance Mortgages As-is 459

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

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 4, 2025

For the reverse mortgage industry, the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program is something that industry professionals have aimed to emphasize: older homeowners who elect to downsize or otherwise relocate may find more value and variety if moving to a less expensive location. This is Mayberry.

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Equity Principal Development Staging 413

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. The product, which rolled out on Tuesday, combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. Unison has more than $1.8

Equity 434

Equity Loans Finance Mortgages 434

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

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

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

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 300

Lending Equity Banks Construction 300

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 4, 2025

Of his upcoming work, the company said Conneen will lead the charge in implementing modern, scalable solutions to both consumers and lender partners who wish to unlock home equity with greater efficiency, transparency, and accessibility.

Technology 344

Technology Equity Finance Mortgages 344

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

Housing Wire

OCTOBER 25, 2024

In prior conversations with HousingWire ’s Reverse Mortgage Daily (RMD), leaders of equity sharing companies contend that their products are different from reverse mortgages largely because they are not debt-based instruments. But a court case playing out in the U.S. The plaintiffs brought action against the company in 2022.

Equity 448

Equity Mortgages Loans As-is 448

Housing Wire

OCTOBER 30, 2024

Candidly, we have to figure out a way to get our equity price to trade where it should,” Nierenberg told analysts. “So, In September, the company raised $300 million in equity. billion without raising any equity. “As But executives expect things to calm down moving forward. “I The company’s estimated book value is $2.9

Equity 435

Equity Principal Mortgages Lending 435

Housing Wire

JANUARY 22, 2025

Younger generations said they would use other sources including credit cards or a second job (Gen Z), a home equity line of credit (HELOC, Gen X) or a personal loan (millennials). home equity. This is according to a report conducted by Renewal by Andersen , a home improvement company.

Renovation 370

Renovation Equity Construction Loans 370

Housing Wire

APRIL 1, 2025

The companies’ announcement said that HomeStreet has a pre-transaction estimated equity value of $300 million, while Mechanics Bank has equity value of $3.3 Under the terms of the merger which was unanimously approved by the boards of directors of both companies HomeStreet Bank will be merged with and into Mechanics Bank.

Banks 390

Banks Due diligence Pre-approval Equity 390

Housing Wire

MARCH 10, 2025

The capital gains taxes will eat up any remaining equity after that reverse loan is paid. The problem is that the debt can grow over time and leave too little equity for late-in-life expenses, such as long-term care, Weston said. If she moves out, she is required to sell the home.

Mortgages 329

Mortgages Equity Loans Finance 329