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. “The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” FHFA Director Sandra Thompson said in an announcement of the proposal.

Equity 488

Equity Finance Loans Banks 488

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%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

Equity 488

Equity Lending Banks Loans 488

Housing Wire

SEPTEMBER 4, 2024

With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. One-quarter of these lenders offered accelerated closing options, including two lenders that advertised home equity funding in as little as one week.

Equity 459

Equity Lending Banks Loans 459

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. FHFA Director Sandra Thompson explained that such options are needed in the current mortgage rate environment.

Closing 529

Closing Mortgages Equity Loans 529

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing.

Equity 445

Equity Lending Loans Renovation 445

Housing Wire

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. With our home equity program, we want to make sure that we’re offering our broker partners a product they can win in this market and help their clients.”

Equity 448

Equity Loans Mortgages Finance 448

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 491

Equity Loans Investor Mortgages 491

Housing Wire

MARCH 13, 2025

billion in equity. That deal is expected to close in the second or third quarter of 2025. That deal is expected to close in 2025, with Compass paying with $150 million in cash and 44 million shares of its Class A common stock. Compass has been active participant in the M&A world.

Purchase and sale agreement 396

Purchase and sale agreement Brokerage Equity Development 396

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets.

Closing 446

Closing Equity Investor Finance 446

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 473

Lending Equity Banks Loans 473

Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Compare that with $30 trillion in financeable equity — it dwarfs it. You have to think about how you monetize that equity,” Deitch said. You have to think about how you monetize that equity,” Deitch said. “So,

Equity 445

Equity Technology Loans Lending 445

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 444

Equity Marketing Loans Investor 444

Housing Wire

MARCH 12, 2025

at the close of the market on March 11 to $17.89 But by the markets close that evening, the share price rose to $21.75. The companys dedication to expanding the availability of its proprietary closed-end second-lien reverse mortgage, HomeSafe Second, also saw a sharp increase to its distribution. at the opening bell on March 12.

Finance 384

Finance Equity Mortgages Closing 384

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. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. Point closed on its first bond issuance rated by DBRS Morningstar on Oct. Nomura Securities International Inc. was the sole-structuring agent for the issuance.

Equity 435

Equity Finance Investor Technology 435

Housing Wire

OCTOBER 18, 2024

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. We have partnered with Calque to provide better options to those customers, including the ability to close immediately on a new home before putting their current home on the market.”

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

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

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years. Assuming he put 3.5%

Equity 468

Equity Purchase and sale agreement Loans Mortgages 468

Housing Wire

OCTOBER 24, 2024

Although completed foreclosure auctions have plateaued in 2024 at less than half of pre-pandemic levels, the number of delinquent mortgages is close to pre-pandemic levels, according to an Auction.com analysis of public record data from ATTOM Data Solutions and survey data from the Mortgage Bankers Association (MBA). There is a lot of fear.”

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

FEBRUARY 3, 2025

The suits accused EasyKnock of using a deceptive and unfair lending scheme to lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as Sell & Stay transactions. The platform shut down its operations in early December 2024. This followed a $57 million Series C round in February 2022.

Lending 387

Lending Equity Investor Residential 387

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. At AmeriCash, he oversaw more than 300 employees and helped the company close more than $18 billion in home loans. San Jose -based EquiFi Corp. ,

Equity 394

Equity Purchase and sale agreement Mortgages Finance 394

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. In September, Redwood launched its in-house home equity investment (HEI) origination platform called Aspire. Atalaya committed $250 million while Kingsbridge put up $50 million.

Equity 448

Equity Investor Loan Officer Finance 448

Housing Wire

FEBRUARY 21, 2024

An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. We believe our past experience investing in the mortgage industry previously enabled us to move quickly and provide certainty of closing.”

Equity 423

Equity Loans Mortgages Finance 423

Housing Wire

FEBRUARY 28, 2024

In 2023, EasyKnock acquired three proptech startups, including struggling power buyer firm Ribbon, home maintenance company Onder and home equity investment firm Balance Homes. The fourth round of investment came on the heels of a string of acquisitions. According to Kessler, EasyKnock acquired roughly 800 single-family homes in 2023.

Closing 458

Closing Equity Investor Development 458

Housing Wire

FEBRUARY 13, 2025

Reverse mortgages were included in the assessment alongside options like Medicaid, Medicare, health savings accounts (HSAs), veterans benefits, LTC insurance and home equity loans. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.

Mortgages 337

Mortgages Equity Loans Closing costs 337

Housing Wire

OCTOBER 1, 2024

Besides closing subservicing deals, Rocket has been actively acquiring servicing assets at higher coupon rates to create refinance and home equity origination opportunities. In the second quarter, it added $20.8 billion in UPB to its portfolio for a total consideration of $315 million.

Closing 432

Closing Principal Loans Finance 432

Housing Wire

JUNE 18, 2024

Real estate investment trust Redwood Trust is expected to close on Monday on the offering of $85 million in debt, following on the heels of other companies in this space. Analysts say the resources could be used to buy back other outstanding notes or improve the company’s cash position in the near term.

Closing 437

Closing Principal Lending Equity 437

Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. Newrez reported continued momentum for its home equity and non-QM loan products as originations were up 29% between the third and fourth quarters. In 2023, it acquired $1.4

Loans 394

Loans Equity Principal Mortgages 394

Housing Wire

NOVEMBER 13, 2024

Its funded volume was also driven by growth in refinance and home equity originations, including home equity lines of credit ( HELOCs ) and closed-end second-lien mortgages. “In NEO was previously expected to close in early 2025. “We

Mortgages 368

Mortgages Loan Officer Loans Technology 368

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. EST, up 18% compared to the previous closing. on Wednesday around 3 p.m.

Equity 430

Equity Mortgages Banks Commercial 430

Housing Wire

OCTOBER 18, 2024

The financial institution received a $1 billion equity investment and sold $5 billion in warehouse mortgages to JPMorgan Chase Bank. The transaction is expected to close in the fourth quarter. As part of the deal, the Dallas-based Mr. Cooper is expected to pay $1.4

Banks 446

Banks Sales Commercial Equity 446

Housing Wire

JANUARY 9, 2025

A reverse mortgage is a possibility for seniors with substantial equity in their homes, the column stated. It essentially enables you to borrow against your equity, and you aren’t required to make any payments while you’re still alive as long as you live in the house.

FHA loan 369

FHA loan Mortgages Equity Closing costs 369

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. 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.

Investor 369

Investor Mortgages Bankruptcy Equity 369

Housing Wire

NOVEMBER 26, 2024

Here’s what these the leaders of these organizations had to share: “ Traditionally, the insurable title process has been time-consuming and manually intensive, often delaying closings and increasing costs. For instance, the system can flag potential issues and suggest solutions, leading to faster, more accurate closings.

Title 369

Title Mortgages Title search Bankruptcy 369

Housing Wire

FEBRUARY 3, 2025

The last thing a buyer wants is to find out after the deal closes that the founder of the business registered a name or trademark in their own name and never properly assign it to the company. Also, have any employees been promised future equity in the seller? Patent & Trademark Office. The same is true of domain names.

Due diligence 417

Due diligence Purchase and sale agreement Industrial Mortgages 417

Housing Wire

DECEMBER 2, 2024

Eligible buyers can combine the bank’s down payment grant with other programs, which could result in up to $15,000 for closing costs and a down payment. program provides up to $5,000 in closing cost credits to borrowers with an income at or below 80% of the AMI. metros — Minneapolis; Philadelphia; Dallas; Washington, D.C.,

Lending 397

Lending Closing costs Banks Equity 397

Housing Wire

NOVEMBER 21, 2024

In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. So, we needed to wait until she was 62 in order for her to make sure she has that line of credit available to her.” Another advantage is that Nelson was very pleased with his own loan officer for a unique reason.

Mortgages 369

Mortgages Loan Officer Equity Lending 369