Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). Yet staggeringly few are aware of its existence.

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Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. As of late-day trading on Wednesday, the price currently sits at $0.59.

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Finance Sales Equity Mortgages 482

Housing Wire

APRIL 2, 2025

Top-five reverse mortgage industry lender Finance of America (FOA) announced on Wednesday that it has promoted Jonathan Scarpati to the role of chief production officer. Scarpati previously served as the company’s senior vice president of wholesale lending.

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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.

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Housing Wire

FEBRUARY 6, 2025

according to Inside Mortgage Finance (IMF). Newrez reported continued momentum for its home equity and non-QM loan products as originations were up 29% between the third and fourth quarters. The lender posted pretax income of $1.1 billion last year, up from $732 million in 2023. In total, its funded loan volume jumped from $8.9

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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 a review of bond-rating and industry reports.

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Housing Wire

DECEMBER 23, 2024

Finance of America (FOA) had a booth presence at the event. Ashley Smith , the company’s senior vice president of brand marketing and strategic communications, said that home equity was a commonly discussed topic during the event. That made it easier for FOA representatives to initiate conversations, she said.

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Housing Wire

FEBRUARY 21, 2025

And so, if you’re in the mortgage lending business and you’re not thinking about seniors and looking at providing financing for them, you’re going to have a problem. HECM for Purchase A very visible part of the slow build is tied to the Home Equity Conversion Mortgage (HECM) for Purchase program, he explained.

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Housing Wire

JULY 17, 2024

Finance of America brand consolidation When Finance of America announced its intention to acquire then-industry leader American Advisors Group (AAG), the reverse mortgage industry initially reacted with cautious optimism. So far this year, two lenders have made eye-opening moves in their approaches to reverse mortgage messaging.

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Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

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Lending Mortgages Equity Loan Officer 448

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We billion AUD, or roughly $1.2 billion USD.

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Housing Wire

JANUARY 11, 2021

LoanDepot , backed by private equity firm Parthenon Capital Partners, first announced plans to go public in September 2015 but canceled the IPO just hours before pricing, citing adverse “market conditions.” Thanks to our brand investment over time, we are also one of the most recognized brands in the industry today.

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Housing Wire

NOVEMBER 21, 2023

The group will be branded as Shamrock, Powered by CMG Home Loans. According to Inside Mortgage Finance (IMF) estimates, CMG was the 16th-largest mortgage lender in the country in the first nine months of 2023, with a $16 billion volume, an increase of 17.5% year over year.

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Housing Wire

JANUARY 9, 2025

While the majority of the data largely excluded reverse mortgages from trends in the broader mortgage market, the report did include a section dedicated to the origination of Home Equity Conversion Mortgages ( HECMs ). It accounted for roughly 30.6% of all reverse mortgage originations reported under the guidelines.

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Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. The company also unveiled a series of new TV spots with former AAG spokesman Tom Selleck.

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Housing Wire

JUNE 30, 2021

With underfunded retirement savings vehicles, home equity may prove to be one of the most important financial assets for funding a comfortable retirement. My view is that HECM products will continue to grow in importance as a critical home equity extraction vehicle for our aging population of homeowners.

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Housing Wire

AUGUST 17, 2022

The company’s platform also includes a marketing portal for brokers that offers personalized branding and compliance technology. Volly is controlled by New Capital Partners , an Alabama-based private equity firm with a portfolio of niche services companies in healthcare and finance industries. “I

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Housing Wire

JANUARY 19, 2024

It’s the case for Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner. Chris Moschner Working for P&G gave Moschner access to marketing assignments for a lot of international and domestic brands, which offered a baseline of classic marketing principles he would take further into his career.

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Mortgages Finance Branding Industrial 447

Housing Wire

NOVEMBER 7, 2024

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. She said that the July consolidation of the FAR and AAG brands has proven successful. Many have considerable home equity but struggle with tighter credit conditions affecting qualifications.”

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Equity Finance Loan Officer Branding 370

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

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Mortgages Finance Equity Industrial 445

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

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Technology Title Development Lending 476

Housing Wire

JANUARY 22, 2024

2 slot on the leaderboard, and is interestingly the only company within the top 10 to grow its FHA-backed Home Equity Conversion Mortgage (HECM) volume when compared to all other companies within the top 10 threshold, based on RMI data encompassing FHA-approved lenders. Mutual of Omaha Mortgage maintained its position in the no.

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Mortgages Finance Industrial Equity 459

Housing Wire

MARCH 2, 2021

The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. Up to $345 million of cash will be held in Capitol’s trust account. ” Doma saw revenues of $179.8 million in 2019 and $189.7

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Title Equity Principal Branding 452

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

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Housing Wire

MAY 9, 2024

Home Equity Conversion Mortgage (HECM) endorsements increased by 2.3% Equity takeout” cases — meaning endorsements tied to borrowers who had no prior interactions with the reverse mortgage industry — also grew by 9.4%, while HECM for Purchase (H4P) endorsements grew by 18.3% HECM endorsements Overall, case numbers issued grew by 8.2%

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Mortgages Finance Equity Principal 417

Housing Wire

AUGUST 2, 2024

Eric Ellsworth “There always was this American Senior brand that some of our branches used, and the internal call center used American Senior as well,” Ellsworth said. “We Walker added that he hopes the reverse mortgage industry at large appreciates the presence of a new brand in the market.

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Lending Branding Loan Officer Technology 448

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Consequently, 37% of homeowners say they want to move but are staying in their current home.

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Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

FEBRUARY 8, 2021

According to figures from Inside Mortgage Finance , California-based loanDepot originated about $100 billion worth of residential mortgages in 2020. Thanks to our brand investment over time, we are also one of the most recognized brands in the industry today. billion in marketing and promotion of its brand.

Lending 482

Lending Branding Mortgages Loans 482

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes. Category 1 is a different beast. Like the Roman god Janus, it has two faces.

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Finance Residential Principal Development 448

Housing Wire

JULY 15, 2024

RMI publishes Home Equity Conversion Mortgage (HECM) endorsement data on a monthly basis, as well as information about Federal Housing Administration (FHA) case numbers, to provide metrics for the industry’s sales performance. Mutual of Omaha Mortgage , for instance, has emerged as the No. 2 lender in the reverse mortgage space.

Mortgages 433

Mortgages Industrial Loan Officer Branding 433

Housing Wire

JULY 2, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% Finance of America (FOA) added 4.1% Equity takeout” loans — reverse mortgages that are neither purchases nor refinances — dropped by 4.8% Equity takeout is the most stable as the largest segment so the lower volatility in May makes perfect sense.”

Mortgages 434

Mortgages Equity Loans Loan Officer 434

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Executive Director, CDFI and Chief of Community Finance & Mobility. Finance of America Companies. Adrienne Goolsby.

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Title Lending Finance Technology 418

Housing Wire

OCTOBER 31, 2022

Sales Boomerang and Mortgage Coach merged in June in an undisclosed deal, six months after private equity firm LLR Partners invested $80 million in both firms. Since the merger, the company has operated as distinct brands on opposite coasts. “I Presented by: Total Expert. “I

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Sales Mortgages Loan Officer Loans 448

Housing Wire

SEPTEMBER 23, 2024

Lenoir most recently served as CMO at American Advisors Group (AAG), the industry’s former leading lender prior to its acquisition last year by Finance of America (FOA). The key question is, how do we get more seniors to understand the role their home equity can play in their financial planning?”

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Marketing Loan Officer Industrial Mortgages 448

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” In the case of large institutions such as Bank of America , Wells Fargo , and MetLife , we never regained their lost volume. This is a different situation.”

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Mortgages Bankruptcy Principal Industrial 476

Housing Wire

MAY 22, 2024

The Home Depot is refreshing an in-house brand with accessibility in mind for things like grab bars and easier-to-use faucets. In a 2019 interview with RMD, Molinsky said that home equity could have a place in funding some of these necessary modifications.

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Renovation Equity Design Branding 459

Housing Wire

MARCH 4, 2022

“On the consumer side, and I don’t know that this deal really changes anything from that perspective only because I don’t know that Ellington is a really well-known brand name,” Lunde says. “I We’ve seen some others that are a little bit similar, with Starwood coming in and backing RMF.

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Branding Investor Mortgages Industrial 369