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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market. That growth presents an opportunity for reverse mortgages and home equity loans.

Equity 370
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Splitero secures $350M in funding from Blue Owl Capital

Housing Wire

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
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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

billion in equity. Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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ICE helps servicers boost customer retention and uncover recapture opportunities

Housing Wire

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
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Rocket Companies to acquire Mr. Cooper in bombshell $9.4B deal

Housing Wire

billion , is paying an equity value of $9.4 Rocket projects $400 million in pre-tax cost savings from streamlining operations, corporate expense and technology investments. The Detroit-based fintech , which is also in the midst of acquiring real estate brokerage and home search portal Redfin for $1.75 Coopers nearly 7 million clients.

Finance 468
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New executive leaders at FOA to focus on ‘modernizing’ tech, customer experience

Housing Wire

He spent 11 years at technology company Oracle serving in multiple roles as an engineering architect, and his experience is seen as a key driver of FOAs technology modernization initiatives, the company said. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.

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Stone Point Capital takes a stake in Keller Williams

Housing Wire

Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday. Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian.