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. homeowners saw home equity increase 1.7%

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Housing Wire

JULY 28, 2021

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. The post Blend launches housing equity program appeared first on HousingWire.

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Housing Wire

MAY 15, 2024

Peter Van Gelderen, co-head of Global Securitized at TCW , a leading global asset management firm, said this means there could potentially be two new and unique products unveiled on the agency side: CES loan purchases and a related credit-risk transfer product designed to shift some of the agency CES risk to private investors. “In

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Housing Wire

NOVEMBER 7, 2024

The California-based lender recently introduced a revised branding effort , the “Flex Payment Mortgage“ suite, that is designed to broaden the appeal of its reverse offerings to more potential partners. It wants options available to first-time buyers as well as age-appropriate offerings for a person’s later years.

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Housing Wire

OCTOBER 24, 2024

Valon’s platform — the first of its kind to provide end-to-end mortgage servicing — was designed to boost efficiency and transparency for home buyers and sellers. Valon’s platform offers traditional purchase and refinance products, alongside alternative products like home equity lines of credit ( HELOCs ).

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Housing Wire

JANUARY 3, 2024

population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. As the gap between high- and low-income homeowners widens, the equity they’ve built up in their homes could make a difference in the equation. As the U.S.

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Housing Wire

OCTOBER 29, 2021

The resurgence of alternative home equity tapping companies in the past few years has been of interest to the reverse mortgage industry due to the potential that business has to compete for seniors’ business. Seniors’ response to alternative equity tapping since COVID-19 onset. Eoin Matthews, CBO and co-founder of Point.

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Housing Wire

JULY 8, 2021

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. ” Flexpoint Ford is a private equity investment firm that has raised more than $5 billion in capital.

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Housing Wire

SEPTEMBER 22, 2023

Borrowers everywhere are seeking new ways to tap into their home equity. To help homeowners explore their home equity options, lenders, investors and others in the industry should consider leveraging tech-backed services. But with rising mortgage costs and high interest rates , refinancing doesn’t always make the most sense.

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Housing Wire

FEBRUARY 20, 2025

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. through a cash-out refinance, Gidwaney told HousingWire. Gidwaney explained that the rate discount depends on a customers service area.

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Housing Wire

JANUARY 4, 2024

While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. “If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” ” Molinsky told NextAvenue.

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Housing Wire

NOVEMBER 6, 2023

The use of artificial intelligence (AI) is poised to grow amid higher origination costs and greater competition, but without correcting the underlying causes of bias in data, AI models can embed racial equity inequality on a larger scale, a recent report from the Urban Institute concluded. “It

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Housing Wire

MARCH 4, 2025

Of his upcoming work, the company said Conneen will lead the charge in implementing modern, scalable solutions to both consumers and lender partners who wish to unlock home equity with greater efficiency, transparency, and accessibility.

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Housing Wire

MARCH 6, 2025

HUD is working with mortgage servicers and others to assess the extent of properties with FHA-insured mortgages in the designated area that have been severely damaged or destroyed, the department explained. HUD advises anyone in the designated PDMDA who is having trouble making their mortgage payments to immediately contact their servicer.

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Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire. billion market cap.

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Housing Wire

FEBRUARY 6, 2025

If that isnt spectacular enough, Deephaven offers interest-only options for maximum property cash flow alongside cash-out solutions to consolidate debt and unlock equity. Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Equity Advantage HELOC loans offer similar benefits as a revolving line of credit.

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Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. Terms of the transaction were not disclosed. ” The company also announced that it expanded its bulk- and forward-trading loan programs.

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Housing Wire

FEBRUARY 6, 2025

They’ve got a lot of equity , and so they’re able to tap into that to help with living expenses. They can be beneficial Im not necessarily an advocate but sometimes those can be helpful, as well, to give folks some cash flow, Batey said. Because their largest asset may well be their home with these escalating prices.

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Housing Wire

DECEMBER 18, 2024

Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025. There are some calculators that they can leverage about how to access the equity in their home, information on home equity lines of credit , those sorts of things that we’re starting with, Stahlman added.

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Housing Wire

SEPTEMBER 14, 2023

” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. Nunes: Redwood also launched a home equity platform. For everybody else, unlocking that equity is even more expensive. What is the strategy here?

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Housing Wire

DECEMBER 17, 2024

Existing homeowners, leveraging their home equity, can make substantial down payments, giving them a significant edge over first-time buyers who must borrow more at todays higher interest rates. This aging trend is matched by a rise in wealth among homebuyers. Register today to attend the Housing Economic Summit in Dallas, on Feb.

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Housing Wire

FEBRUARY 4, 2025

It seeks to establish a state-level information summary for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ) program. It added that lenders eager to tap the equity in these homes are sometimes aggressive to foreclose and see a return on their investment.

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Housing Wire

DECEMBER 27, 2024

With Home Equity Conversion Mortgage (HECM) volume declining on an annual basis, many industry participants cited at least one key factor that couldve driven the decline, but the view was not universal. Reverse mortgage business and mortgage business generally is not where people want it to be.

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Housing Wire

FEBRUARY 27, 2025

Go in an order that makes sense, such as: headline, first-floor features, second-floor features, basement, overall design (hardwood floors, etc), garage, yard and location. Source: 20 Stratford St, Boston, MA – listed by Helen Gaughran, Insight Realty Instant sweat equity opportunity in this wonderfully located Roslindale home.

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Housing Wire

OCTOBER 23, 2024

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. Borrowers can determine down payment amounts, monthly payment limits, and interest rates for home equity lines of credit ( HELOCs ) or home equity loans with a five- to 10-day closing process.

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Housing Wire

DECEMBER 9, 2024

Because of that, more people in the industry have a better understanding of seniors unique challenges, which could necessitate more products designed for them. The second step is to understand the landscape of existing equity release product offerings. Naturally, this includes reverse mortgages, he explained.

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Housing Wire

APRIL 17, 2024

This would offer borrowers an alternative way to access their home equity without surrendering a first mortgage with a more favorable interest rate than is currently available. This is specifically designed to benefit consumers during the high rate environment, the agency said.

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Housing Wire

JUNE 12, 2024

Home equity solutions and sale-leaseback platform EasyKnock announced a partnership on Tuesday with financial fitness and homeownership platform FinLocker that will make FinLocker’s tools available free of charge to EasyKnock customers. In December 2023, EasyKnock acquired home equity investment (HEI) platform Balance Homes.

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Housing Wire

SEPTEMBER 14, 2021

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors.

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Housing Wire

APRIL 11, 2024

It will initially be made available for its home equity line of credit (HELOC) product first before being rolled out to other lending products. Securities and Exchange Commission (SEC) regarding a proposed initial public offering of its equity securities.

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Housing Wire

MAY 23, 2024

But they have also accumulated a good amount of equity over the last few years. How do we allow them to extract equity out of their house in a responsible way?“ The MBA said it recognized that the product provides access to equity at lower rates and is a “cost-effective alternative to cash-out refinances.“

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Housing Wire

JANUARY 31, 2025

It is designed to make it easier for payers to offer these essential services directly into the home addressing critical needs such as in-home caregiving, home modifications , groceries and meals, pest control, housekeeping, and transportation. On the Helper Bees website , Mutual of Omaha is listed as one of the company’s partners.

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Housing Wire

JANUARY 28, 2021

That’s a significant downsizing from the $250 million its private equity backers planned to raise through the sale of 12.5 Home Point Capital itself is not selling any shares in the offering, but funds affiliated with its private equity backer Stone Point Capital are cashing out. million dollars in its IPO on Friday.

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Housing Wire

MAY 22, 2024

One profiled couple in California hired an interior designer for $20,000, and spent another $95,000 on home modifications designed to more easily accommodate natural limitations to mobility that come from aging. It could play a role in alleviating the increasing prevalence of aging-associated financial burdens for senior homeowners.

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Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated.

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Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. These proposals build upon several changes FHA made to the HECM program on Jan.

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). The prefabricated units, which span 361 square feet, are designed to reduce construction costs and minimize environmental impacts.

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