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Reverse mortgage alums secure financing for alternative equity-tapping product

Housing Wire

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. The product operates similarly to a shared equity investment. 31 of that year. 31 of that year.

Equity 369
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Portrait of a pre-foreclosure peacemaker

Housing Wire

The rest are saving their equity with us by either selling to us or allowing us to list.” Helping the homeowner file for bankruptcy is another tool in the pre-foreclosure peacemaker’s tool kit, but Sandoval uses that tool with caution. “I Most of the homeowners don’t qualify for refinancing. “I I really don’t recommend that.”

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FGMC owes Customers Bank $25M, bankruptcy filing shows

Housing Wire

FGMC) and its holding company, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection Thursday, June 30, leaving one of the country’s major warehouse lenders as its largest unsecured creditor, according to court filings. The lender then filed for Chapter 11 bankruptcy on Thursday, June 30. First Guaranty Mortgage Corp.

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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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Analyst’s opinion on FOA stock makes waves, but company is confident in its course

Housing Wire

UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said in the interview.

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Modular homebuilding startup Veev on the verge of bankruptcy

Housing Wire

Reali , another proptech company founded by Heller and Avrahami, shut down in 2022 after raising more than $290 million in debt and equity funding. Veev was founded in California, in 2008 by Amit Heller, Ami Avrahami, and Dafna Akiva.

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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 448