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

MARCH 25, 2025

The agreement is designed to fit the New York-based lender’s asset-based underwriting model, allowing for greater flexibility in how capital is allocated across its varied loan portfolio. ” The lender arranges debt and equity capital raises from $25 million to $5 billion and advises on mergers and acquisitions.

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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 investors dropped their takeover bid on Nov. The investors dropped their takeover bid on Nov.

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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. Several of MAXEX’s existing investors, including J.P. Terms of the transaction were not disclosed.

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Equity Land Investor Loans 363

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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Technology Equity Finance Mortgages 263

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. The company secured a Series C funding round, according to an announcement this week.

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Equity Technology Investor Mortgages 245

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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Equity Loans Lending Banks 534

Housing Wire

JANUARY 5, 2023

Interest rate stability offers the best environment for MBS performance, and inflation reduces the demand that investors have for mortgage-backed bonds. In designated high-cost areas, Fannie Mae and Freddie Mac now buy mortgages over $1 million for one-unit properties amid a rise in home prices year over year.

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Marketing Equity Loans Investor 474

Housing Wire

SEPTEMBER 10, 2024

8VC led the latest equity investment with participation from existing investors Menlo Ventures , Meritech , Khosla Ventures and Fifth Wall. The new platform is designed to allow lenders to track their volume trends, see how their loan pricing compares to competitors, and gain insights into loan origination profit margins.

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Mortgages Technology Banks Loans 423

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).

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Loans Finance Renovation Equity 529

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. Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture.

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Mortgages Equity Loans Title 414

Housing Wire

JUNE 20, 2024

reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), FOA was the No.

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Finance Investor Mortgages Equity 452

Housing Wire

SEPTEMBER 8, 2022

The entire system has to be designed to inflate the price over time. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand. If they lost their job, they have a lot of equity in their home, and most likely their financials have gotten better over time.

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Loans Banks Equity Bankruptcy 544

Housing Wire

APRIL 26, 2022

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

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Due diligence Mortgages Equity Loans 476

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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Equity Mortgages Finance Industrial 211

Housing Wire

OCTOBER 23, 2020

As this settlement demonstrates, we are committed to holding mortgage lenders accountable when they choose to abuse the integrity of vital government programs that are designed to assist homeownership,” U.S. The settlement occurred just before Guild and its private equity owners McCarthy Capital Partners made a debut on the public markets.

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Mortgages FHA loan Lending Loans 505

Housing Wire

SEPTEMBER 20, 2022

But recently a new factor is accelerating the problem — massive purchases of single-family homes by larger investors. In Texas, for example, major institutional investors bought 28% of the single-family homes sold in 2021. Nationally, institutional investors are buying over 13% of homes, and that share is increasing.

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Housing Wire

NOVEMBER 29, 2023

Encompass by ICE Mortgage Technology is designed to enable users to manage their entire lending workflow in one place, from the customer’s initial point of thought through investor delivery. Every lender and investor has their own unique approach to doing business and their own mix of channels they utilize.

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Technology Mortgages Lending Investor 432

Housing Wire

OCTOBER 3, 2022

By managing every loan, including home equity, refinance or new purchase, in one place, lenders are also able to make better decisions, keep costs down and quickly adapt to changing market trends. Due to recent market shifts, there is an increased demand from consumers for home equity lending products.

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Technology Mortgages Lending Equity 360

Housing Wire

NOVEMBER 1, 2022

Lenders invest significant time and money into building diverse portfolios of loan products designed to meet borrowers’ unique needs, yet those products often sit underutilized,” Mortgage Coach and Sales Boomerang Chief Lending Officer Joe Puthur said in a statement.

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Industrial Mortgages Loan Officer Loans 455

Housing Wire

SEPTEMBER 13, 2023

CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The data can also be accessed via an API, in bulk data, or through a dynamic web application.

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Inspection Investor Loans Technology 418

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. Presented by: Sagent Lending Technologies.

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Land Lending Technology Banks 443

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.”

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Development Industrial Mortgages Fixed-rate mortgage 448

Housing Wire

JANUARY 28, 2022

Despite the constant talk of innovation and disruption, new companies all hew to some variation of tried and tested business designs. In addition, investors, despite their sophistication in certain aspects, are not immune to the herd mentality. In fiscal 2021, Q2 alone, total house equity increased a whopping $2.9 In the U.S.,

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Housing Wire

NOVEMBER 3, 2021

million raise in equity funding with participation from affiliates of Starwood Capital Group and Freedom Mortgage , alongside independent investor and Softbank Group International CEO, Marcelo Claure. “Valon’s software platform is designed to be intuitive and deliver a truly borrower-centric experience.

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Investor Mortgages Staging Equity 389

Housing Wire

JANUARY 27, 2021

They also offer a home equity platform for home equity loan applications and HELOCs under the same umbrella. Roostify’s latest funding round was led by Ten Coves Capital with returning investors Cota Capital, Mouro Capital , Colchis Capital , Point72 Ventures, and JP Morgan Chase.

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Lending Technology Loan Officer Equity 368

Housing Wire

OCTOBER 17, 2023

Still, even in this difficult-to-agonizing supply-challenged housing market, SFR and fix-and-flip investors, which both target existing-home inventory, are still finding ways to make a profit — at a thin margin in most cases, but a profit, nonetheless. That’s particularly true for mom-and-pop investors across both market segments.

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Investor Finance Loans Renovation 440

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Morgan Chase.

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Marketing Pre-approval Bankruptcy Loans 394

Housing Wire

MARCH 24, 2021

The equity influx boosts Pacaso’s publicized VC investments to $90 million less than six months after former Zillow CEO Spencer Rascoff co-founded the Los Angeles-based company. The company connects consumers with real estate agents, and Pacaso “sets up a professionally managed LLC uniquely designed for co-ownership,” the firm said.

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Finance Equity Investor Design 392

Housing Wire

AUGUST 31, 2022

trillion in home equity. Designed to fuel lenders’ existing core operating systems and increase pull through in existing pipelines, Flueid Decision aims to provide an exceptional borrower experience every time that can adapt to any cycle – like today’s home equity market. homeowners find themselves enjoying approximately $27.8

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Loans Equity Lending Technology 369

Housing Wire

SEPTEMBER 26, 2023

On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day. “[Our goal is ] Having a unified platform that can serve all the products that a bank can offer.

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Banks Mortgages Loans Investor 446

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

OCTOBER 18, 2024

Better for borrowers : A unified system makes things simpler for homeowners, whether they’re making payments, tapping into home equity, or starting new loans. One of ICE’s main focus points is the platform’s user-friendly design and overall experience.

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Technology Mortgages Marketing Loans 415

Housing Wire

DECEMBER 13, 2024

Importantly, the association said that the recent development of Ginnie Maes new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) product known as HMBS 2.0 is designed to enable the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement.

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Bankruptcy Loans Investor Banks 356

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 billion, making it officially a unicorn.

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Loans Banks Loan Officer Branding 508

Housing Wire

NOVEMBER 21, 2022

This deficit greatly exacerbates the challenge of bringing equity to homeownership, particularly for low-to-moderate income (LMI) home buyers who are disproportionately people of color. The solution is designed to scale the production of single-family entry-level homes for sale in the Convergence pilot cities of Memphis, Tenn.,

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Finance Design Equity Construction 395

The Close

NOVEMBER 12, 2024

Inexpensive entry: Vacant land can be affordable to buy, and if you wait for it to appreciate, you can build equity. Zoning & Potential Zoning Issues Every piece of land has a zoning designation specifying how to use the property. Carrying costs: Land has costs without revenue, like property taxes and debt service if financed.

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