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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 482
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Finance of America announces debt restructuring, staving off 2025 maturity risk

Housing Wire

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. FOA added that more than 90% of the parties to the 2025 unsecured debt agreement agreed with the restructuring.

Finance 416
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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. With several top 10 reverse mortgage lenders now active in some form within the U.S.

Investor 370
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Newrez parent Rithm Capital posts 57% profit growth in 2024

Housing Wire

Around the same time , Rithm also struck a $720 million deal for Computershare Mortgage Services and its subsidiary, Specialized Loan Servicing , which brought $136 billion in unpaid principal balance (UPB) to Rithms servicing book. according to Inside Mortgage Finance (IMF). according to Inside Mortgage Finance (IMF).

Loans 410
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

In exchange for providing homeowners a lump sum of cash, they receive a share of the home’s future value or future appreciation. “In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And The annual investment volume in the U.S.

Equity 468
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Opinion: PMI is good for first-time buyers and housing finance system

Housing Wire

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.

Finance 370
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

Michael Warden , managing principal and CEO of Invictus Capital Partners — one of the largest players in the nonqualified mortgage (or private-label) securitization space via Verus Securitization Trust — is also quite bullish on the future of private capital in the mortgage market. It’s a matter of speed. …

Investor 448