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.

FHA loan 418

FHA loan Mortgages Equity Loans 418

Housing Wire

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. With our home equity program, we want to make sure that we’re offering our broker partners a product they can win in this market and help their clients.”

Equity 448

Equity Loans Mortgages Finance 448

Housing Wire

OCTOBER 24, 2024

But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

MARCH 10, 2025

billion in equity. We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan, all in a matter of minutes. 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

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

MARCH 31, 2025

billion , is paying an equity value of $9.4 To help finance the transaction, Rocket is taking out a nearly $5 billion bridge loan through JPMorgan Chase (which itself is a top-3 mortgage servicer and warehouse lender). billion in stock, the companies said in a statement early Monday morning. Coopers nearly 7 million clients.

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

JANUARY 27, 2025

Integrated with ICEs industry-leading MSP loan servicing system , Servicing Digital provides homeowners with real-time access to detailed and personalized loan and property-related data anytime, anywhere. 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

OCTOBER 25, 2024

A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase. And according to Zillow Home Loans Senior Economist Orphe Divounguy, homeownership may be more within reach than most renters think. In some of the U.S.’s The typical rent is 3.4% The typical rent is 3.4%

Pre-approval 476

Pre-approval Loans Mortgages Equity 476

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

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 492

Equity Loans Investor Mortgages 492

Housing Wire

APRIL 19, 2024

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. The new product is an alternative to a traditional cash-out refinance, which requires refinancing the outstanding loan balance at current interest rates. This year, the volume to date is $2.6

Equity 488

Equity Finance Loans Banks 488

Housing Wire

MAY 13, 2024

Residential sale-leaseback platform EasyKnock has acquired the assets of home equity investment firm HomePace , the company exclusively told HousingWire on Monday. HomePace, founded in 2020, specializes in helping homeowners access their equity through home equity agreements. Meanwhile, more than 9 million U.S.

Equity 475

Equity Purchase and sale agreement Residential Investor 475

Housing Wire

OCTOBER 29, 2024

Despite the Federal Reserve’s half-point interest rate cut in September, rates for 30-year conforming loans have climbed back up to 6.7%, according to HousingWire ’s Mortgage Rates Center. Is home-price growth finally cooling? On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8%

Mortgages 487

Mortgages MLS Equity Loans 487

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

JANUARY 17, 2025

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. ” “We will be reaching out to clients who have active loan applications with additional details and deadlines. million profit in Q4 2023.

Lending 397

Lending Banks Mortgages Commercial 397

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

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. The current stress in the CRE and C&I loan markets further highlights the advantages of residential mortgages.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

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

MARCH 10, 2025

A reverse mortgage could have benefits for a qualifying borrower, but anyone considering these loans should also be mindful of the potential risks. The capital gains taxes will eat up any remaining equity after that reverse loan is paid. If she moves out, she is required to sell the home.

Mortgages 311

Mortgages Equity Loans Finance 311

Housing Wire

MARCH 11, 2025

Interest rate improvement, while marginal, is attracting refinance activity as homeowners who bought at higher rates work the numbers and find they can reduce their monthly payments or tap into home equity, Brennan OConnell , director of data solutions at Optimal Blue, said in a statement. The average purchase credit score was flat at 737.

Loans 320

Loans Equity Mortgages As-is 320

Housing Wire

FEBRUARY 13, 2025

Reverse mortgages were included in the assessment alongside options like Medicaid, Medicare, health savings accounts (HSAs), veterans benefits, LTC insurance and home equity loans. The loan can be paid out in monthly installments or as one lump sum, the article explained.

Mortgages 358

Mortgages Equity Loans Closing costs 358

Housing Wire

NOVEMBER 21, 2024

In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.” Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Home equity originations were relatively flat in 2023 compared to 2022,” Walsh said in a statement. billion per company in 2023, compared with $2.1

Equity 448

Equity Lending Loans Renovation 448

Housing Wire

NOVEMBER 13, 2024

The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. million in cash, restricted cash, short-term investments and self-funded loans. The company’s earnings release noted a nonrecurring gain of $5.5

Mortgages 370

Mortgages Loan Officer Loans Technology 370

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

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

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 394

Lending Equity Investor Residential 394

Housing Wire

MARCH 7, 2024

homeowners with mortgages saw their home equity increase by 8.6% trillion, according to CoreLogic ’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 By extension, at 43%, the average loan-to-value ratio of U.S. In January, home equity increased by 13.2% billion at the end of 2023.

Equity 501

Equity Mortgages Loans As-is 501

Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. In total, its funded loan volume jumped from $8.9 Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier.

Loans 410

Loans Equity Principal Mortgages 410

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. It’s the lowest level since at least 2019. points), Missouri (7.2

Equity 482

Equity Mortgages Loans Marketing 482

Housing Wire

MAY 21, 2024

Tapping into home equity , particularly for people in or near retirement , can be challenging — especially for those who may have a pressing need. With this product, eligible people 62 and older can extract equity in a variety of ways, say through a lump sum. But their equity is also a tool. Homes are trophies, sure.

Equity 459

Equity Mortgages Principal Finance 459

Housing Wire

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Renting may seem like the safe bet, but renting offers zero equity growth and misses out on the tax benefits of homeownership.

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

JANUARY 10, 2025

“Assistance options may include postponement of monthly payments, repayment plans, or loan modifications. . “Assistance options may include postponement of monthly payments, repayment plans, or loan modifications. Please be safe. The situation in Los Angeles is heartbreaking.

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

AUGUST 12, 2024

The share of piggybacked Federal Housing Administration (FHA) home purchase loans rose by more than seven percentage points from June 2022 to June 2024, going from 10.8% for conventional purchase loans backed by Fannie Mae and Freddie Mac. for conventional purchase loans backed by Fannie Mae and Freddie Mac.

Loans 476

Loans FHA loan Equity Closing costs 476

Housing Wire

OCTOBER 28, 2024

While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. Moreover, the older the loan, the more likely the borrower would refinance elsewhere.

Loan Officer 435

Loan Officer Pre-approval Technology Loans 435

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

APRIL 2, 2025

She went on to serve the next 11 years of her career at One Reverse Mortgage as vice president of operations, before that company a division of then- Quicken Loans , later Rocket Mortgage ceased its reverse mortgage product offerings in early 2020. She officially joined Mutual of Omaha last month, according to her LinkedIn profile.

Loans 313

Loans Mortgages Equity Industrial 313