Housing Wire

DECEMBER 17, 2024

Because the children of homeowners are more likely to be homeowners themselves, this pattern has profound implications on the economic mobility for younger homebuyers like millennials and Gen-Zers and also for future generations. The wealth gap between homeowner and renter households is widening.

Marketing 397

Marketing Equity As-is Mortgages 397

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 ).

Mortgages 448

Mortgages Technology Equity Industrial 448

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.

Mortgages 370

Mortgages Equity Lending Branding 370

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

Equity 491

Equity Loans Investor Mortgages 491

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%

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

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

Equity 444

Equity Marketing Loans Investor 444

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.

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Lending Equity Mortgages Design 317

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. A reverse mortgage can certainly play into this, but another growing dynamic is the divide between higher- and lower-income homeowners. As the U.S. According to data from the U.S.

Equity 458

Equity Mortgages Development Design 458

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.

Equity 417

Equity Mortgages Principal As-is 417

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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Equity Renovation Lending Finance 428

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.

Technology 285

Technology Equity Finance Mortgages 285

Housing Wire

FEBRUARY 6, 2025

Homeowners have noted for some time that property taxes have risen precipitously, and this has the potential to heavily impact people living on a fixed income. They’ve got a lot of equity , and so they’re able to tap into that to help with living expenses.

Mortgages 416

Mortgages Staging Equity Loans 416

Housing Wire

FEBRUARY 6, 2025

If thats not enough, affordability is still a distant dream for most homeowners. Key non-QM products for 2025 Before 2025 continues, lenders should arm themselves with the right tools for tackling the market: Investor loans Investing is the vehicle to success for homeowners in the market. These loans go up to $2.5

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Loans Mortgages Equity Construction 301

Housing Wire

MAY 18, 2022

With the cost of living on the rise, many older homeowners are looking for financial solutions that allow them to age in place. HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss? Consult a tax professional. †

Mortgages 418

Mortgages Equity Loans Lending 418

Housing Wire

DECEMBER 18, 2024

Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025. ” Stahlman said that the platform will feature tools like real-time rate comparisons and digital content to guide borrowers and homeowners through the home-buying and home-owning processes. .”

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Marketing Lending Branding Banks 415

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. “In

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Closing Mortgages Equity Loans 529

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?

Equity 416

Equity Banks Investor Residential 416

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.

Equity 444

Equity Banks Mortgages Closing 444

Housing Wire

MARCH 22, 2021

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. By February of this year, those numbers dropped to 19% of homeowners and 28% of renters.

Mortgages 545

Mortgages Equity Finance Industrial 545

Housing Wire

DECEMBER 9, 2020

Real estate technology company Knock has announced the launch of Knock Nest, a standalone sale-leaseback solution that allows homeowners to access the cash they’ve built up in their home while continuing to live in it. Knock will purchase the home and rent it back to the (former) owners.

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Sales Equity Staging Technology 418

Housing Wire

JUNE 20, 2024

NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling. The product is designed to make buyer offers more attractive to sellers by removing contingencies. ” NFM Lending is licensed in 49 states and Washington, D.C.

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Lending Loans Loan Officer Equity 448

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.“

Equity 458

Equity Closing Mortgages Lending 458

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated. “It

Mortgages 448

Mortgages Equity Loans Closing 448

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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Construction Principal Design Equity 474

Housing Wire

JANUARY 18, 2023

Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. HousingWire recently spoke with Adrian Prieto, SVP of wholesale and third-party relationships at Longbridge Financial, about the advantages of HECMs and how they better serve homeowners aged 62 and older.

Equity 435

Equity Loans Design Mortgages 435

Housing Wire

SEPTEMBER 8, 2022

The entire system has to be designed to inflate the price over time. When mortgage rates fall, the majority of homebuyers (including homeowners who need to sell to buy another home) are mostly employed, so lower rates greatly benefit them, and housing demand increases. Remember, the system is designed to keep home prices inflated.

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Loans Banks Equity Bankruptcy 544

Housing Wire

OCTOBER 18, 2022

Boston-based real estate investment proptech Knox Financial announced Monday it is launching new products on its platform that will help homeowners transform their homes into investment properties. The product is designed specifically for homeowners who require in-hand leases to qualify for mortgages on new home purchases.

Equity 435

Equity Lending Loans Mortgages 435

Housing Wire

JULY 19, 2021

HousingWire: As borrowers come out of forbearance , what role do servicers play and what can they do to ensure homeowners understand their options including selling their home via auction? Once a homeowner decides to sell, it’s up to the servicer to ensure they fully understand each step of the home selling process. .

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MLS Equity Closing costs Sales 448

Housing Wire

OCTOBER 10, 2024

The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp. HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit.

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Renovation Finance Equity Technology 434

Housing Wire

MAY 22, 2024

This is according to a story published this month by the The Associated Press , which examines steps that some older homeowners are taking to ensure they can remain in their homes, as opposed to relocating to a dedicated care facility or another living arrangement.

Renovation 459

Renovation Equity Design Branding 459

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.

Equity 234

Equity Mortgages Finance Industrial 234

Housing Wire

MAY 14, 2024

The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience. ” FinLocker raised roughly $20 million in 2020 in its Series A round ( TransUnion was one of its early backers ) and $2.25

Pre-qualification 467

Pre-qualification Technology Equity Development 467

Housing Wire

APRIL 18, 2024

These include oversight of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac , mortgage purchases designed to improve affordability for low-income homeowners, vendor partnerships and investments in the Low-Income Housing Tax Credit (LIHTC) program. The GSEs also “invested over $1.7

Closing costs 443

Closing costs Loans Design Finance 443

Housing Wire

JUNE 21, 2024

The product is designed as an alternative to a cash-out refinance for homeowners who don’t wish to trade in a lower mortgage rate for one in the 7% range, he said. But they have also accumulated a good amount of equity over the last few years. Six out of 10 borrowers are below a 4% mortgage rate.

Mortgages 459

Mortgages Equity Closing Loans 459

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Keeping Current Matters

OCTOBER 13, 2021

Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. Home Equity Is Skyrocketing.

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Renovation Equity Mortgages Design 326

Housing Wire

JULY 7, 2023

The Homeowners Assistance Fund (HAF) — a program designed to offer financial help to homeowners impacted by the COVID-19 pandemic — has kept more than 300,000 homeowners in their homes by curing defaults and keeping them out of foreclosure , according to data released this week by the U.S. Department of the Treasury. “As

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Design Equity Mortgages As-is 370