Housing Wire

NOVEMBER 7, 2023

In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market.

Banks 476

Banks Mortgages Marketing Lending 476

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. from $490 billion in the second quarter.

Equity 488

Equity Lending Banks Loans 488

Housing Wire

APRIL 8, 2025

Those additional streams include equity incentives, revenue sharing, and JV opportunities in title services. A new competitor comes into the market and agents start to shift. Doubling down on tech innovation With dramatic growth comes the next evolution of the firm. That, says Poleg, is to double down on technology.

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Brokerage Banks Technology Title 284

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

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Hoffman has spent more than 30 years in mortgage banking, 22 of them at Flagstar, where he started as an account executive. TPO is the bank’s main source of mortgages. Last year’s volume declined 29.5% billion last year, down 41.6%

Banks 447

Banks Lending Equity Commercial 447

Housing Wire

AUGUST 8, 2024

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial , has struck a deal to acquire Greenwoods Financial Group , the owner of Greenwoods State Bank. George aims to assist Greenwoods in expanding the bank’s footprint and market share in Wisconsin and throughout the Midwest.

Banks 468

Banks Equity Mortgages Loans 468

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options.

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Lending Equity Banks Loans 475

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. Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

APRIL 10, 2025

Americas housing market isnt just cooling its frozen in place. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. Unlike existing owners, these buyers have no low-rate loan to protect, no equity to leverage, and no fallback.

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Design Marketing Fixed-rate mortgage Finance 249

Housing Wire

JULY 16, 2024

Mortgage production increased at Bank of America (BofA) in the second quarter of 2024 compared to the previous three months, but the bank’s home loan volumes were still lower than those delivered in the same period last year. BofA’s loan production in the home equity arena also increased on a quarterly basis.

Banks 431

Banks Mortgages Equity Loans 431

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. But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank of America (BofA). The secondary market, however, can be a challenge for these products.

Equity 488

Equity Finance Loans Banks 488

Housing Wire

AUGUST 25, 2022

Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Lenders using Blend’s home equity product can offer personalized home equity loans and then close in a few days as opposed to multiple weeks it takes through legacy home equity processes, according to the firm.

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Equity Loans Banks Title 418

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. Tappable home equity is expected to decrease to a forecasted $18.1 However, given that home-equity originations were less than $0.5

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Equity Lending Title search Title 397

Housing Wire

DECEMBER 2, 2024

Wells Fargo announced on Monday that it has expanded its $10,000 down payment grant program for underserved borrowers to an additional 12 metro areas, more than a year after initially launching it in eight markets. “We In August 2023 , the bank announced the launch of the program in eight major U.S.

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Lending Closing costs Banks Equity 397

Housing Wire

SEPTEMBER 26, 2023

The proposed rule would establish an additional exception to the restrictions for loans on properties with PTFCs, and related securities, if the loans meet certain shared equity loan program requirements for Resale Restriction Programs in FHFA’s Duty to Serve Underserved Markets Regulation (Duty to Serve Regulation),” the entry reads.

Equity 448

Equity Mortgages Banks Loans 448

Housing Wire

NOVEMBER 14, 2024

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

Investor Mortgages Bankruptcy Equity 370

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 263

Lending Equity Banks Construction 263

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. The home equity loans balance was $24.7 The residential mortgage loan balance for First Internet was $383.9

Banks 448

Banks Mortgages Lending Commercial 448

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

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Loans Mortgages Equity Construction 321

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. Ally is considering expanding the program to more markets in the future. “By

Banks 458

Banks Closing costs Lending Equity 458

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. In the mortgage space, TD Bank was a top-35 U.S. The bank has presence in 15 states and Washington, D.C. The bank’s plan also includes $2.8

Banks 447

Banks Lending Loans Finance 447

Housing Wire

FEBRUARY 26, 2025

What they found was a product type that had yet to reach their shores in the form of the Home Equity Conversion Mortgage (HECM) for Purchase (H4P). This level of government involvement and interaction, the Heartbank Bank officials said, was a surprise compared to the way business is conducted in their part of the world. has improved.

Mortgages 307

Mortgages Banks Equity Development 307

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 397

Equity Lending Loans Banks 397

Housing Wire

APRIL 17, 2025

The senior preferred position in these companies has been economically repaid, delivering an internal rate of return of 11.6%, Ackman said during a webinar hosted by investment bank Keefe, Bruyette & Woods (KBW) earlier this week. Ackmans plan maintains guarantee fees at 65 basis points.

Pre-approval 534

Pre-approval Mortgages Equity Banks 534

Housing Wire

AUGUST 5, 2022

Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Record levels of home equity. This too is changing as innovation in the home equity lending space has finally arrived.

Equity 448

Equity Lending Closing costs Mortgages 448

Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. It comforts them for a brief moment.

Equity 459

Equity Loans Bankruptcy As-is 459

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

JULY 7, 2022

Can Fannie Mae ’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? The list of potential obstacles across the Black housing journey — it’s long,” said Katrina Jones, Fannie Mae’s vice president of racial equity strategy and impact. “The

Equity 448

Equity Lending Closing costs Development 448

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Excellent turn times.

Equity 418

Equity Title Technology Inspection 418

Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Equity Unlocker is currently available in Florida, New York and Washington state.

Equity 397

Equity Pre-approval Loans Finance 397

Housing Wire

SEPTEMBER 7, 2022

Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. . While July’s home price grew 14.5%

Equity 459

Equity Marketing Lending Loans 459

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. The bank expects to improve its loan-to-deposit ratio by 150 basis points by the end of 2023. The bank had $1.7

Banks 370

Banks Lending Finance Investor 370

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. I think [about] five years ago, banks were still extremely active in the sector.

Residential 361

Residential Lending Finance Banks 361

Housing Wire

NOVEMBER 13, 2023

. $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown. The original plan — to buy up troubled mortgage assets — was quickly abandoned in favor of actions like capital infusions for banks and the bailout of our auto companies.

Banks 445

Banks Loans Bankruptcy Mortgages 445

Housing Wire

APRIL 4, 2025

Clients with current in-process Home Equity Conversion Mortgage ( HECM ) applications can shift their application to a Platinum product if they choose, but it would require some application processes to be revisited. Other lenders active in the proprietary space include University Bank , Smartfi Home Loans and Nationwide Equities.

Mortgages 311

Mortgages Principal Loans Equity 311