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

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

Lending 448

Lending Loans Loan Officer Equity 448

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.

Equity 448

Equity Purchase and sale agreement Marketing Lending 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. We service most of our own loans on the traditional side as well as the reverse side.

Mortgages 370

Mortgages Equity Lending Branding 370

Housing Wire

JUNE 12, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , has launched a blockchain-based marketplace to connect buyers and sellers of private credit loans, promising to reduce settlement timelines and create greater pricing certainty.

Loans 440

Loans Lending Technology Equity 440

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

Loans 523

Loans Closing Mortgages Equity 523

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. The company claims to process over $17 billion in tax payments annually and monitors more than 25 million loans for flood determinations.

Equity 418

Equity Commercial Technology Loans 418

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Founded in 2019, The Loan Store offers mortgage products including conventional, jumbo, VA and non-QM loans.

Loans 435

Loans Lending Equity Mortgages 435

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.

Mortgages 337

Mortgages Loans Equity Principal 337

Housing Wire

MARCH 4, 2025

The new chief information officer, Brian Conneen, is described as a seasoned fintech leader who played a pivotal role in scaling personal loan provider Best Egg from its inception to serving over two million customers.

Technology 285

Technology Equity Finance Mortgages 285

Housing Wire

FEBRUARY 6, 2025

While not taking a position as a product advocate, Batey noted that the loans could be an option for older residents on a fixed income who seek support for their expenses. 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

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. ” The deal with MAXEX expands access to a broad range of non-agency and agency-eligible mortgage loan programs.

Equity 369

Equity Land Investor Loans 369

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. It remains unclear when the FHA plans to add the 40-year loan modification option to its servicing and loss mitigation handbook.

Loans 448

Loans Industrial Mortgages Real-estate owned 448

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. We’ll have those loans that come in where we have to look at every opportunity that we can to save that deal and help that client.

Industrial 397

Industrial Mortgages Principal Lending 397

Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. The Loan Store, Inc. The TLS HELOC has a fully online application process, underwriting system, and valuation model.

Loans 370

Loans Pre-approval Equity Lending 370

Housing Wire

MAY 11, 2023

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

Loans 397

Loans Title Title search Loan Officer 397

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Redwood executives are positioning the company to acquire mortgage loans in the market, mainly jumbos , with the expectation that banks will have a reduced appetite. We don’t originate residential mortgages.

Equity 416

Equity Banks Investor Residential 416

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. The Austin -based company has added the Digital Loan Product Wizard to the system, according to a recent announcement. Early trials of the feature yielded a 10% increase in applicant conversion rates.

Equity 435

Equity Loan Officer Lending Loans 435

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.

Closing 529

Closing Mortgages Equity Loans 529

Housing Wire

AUGUST 31, 2022

trillion in home equity. With its innovative SaaS platform, Flueid Decision, Flueid brings robust data and analytics forward to jumpstart the loan life cycle, enhance the underwriting process and support a frictionless lender-borrower journey during one of life’s major moments. homeowners find themselves enjoying approximately $27.8

Loans 370

Loans Equity Lending Technology 370

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. It services all of its loans.

Equity 534

Equity Loans Lending Banks 534

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. The DART System is pre-integrated with Figure’s origination and loan-sale services. “We Synergy One Lending is the first partner to use the platform, Figure said.

Lending 416

Lending Technology Equity Loans 416

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 lender makes monthly payments to you based on the equity in your home, using your home as collateral.

Mortgages 448

Mortgages Equity Loans Closing 448

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

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.

Mortgages 437

Mortgages Equity Loans Title 437

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

JUNE 21, 2024

The pilot program includes several limitations to the types of loans the government-sponsored enterprise will be allowed to purchase. The maximum loan amount is $78,277. It noted that any increase in the volume of loans being purchased, or the duration of the pilot program, will be treated as a new product.

Mortgages 459

Mortgages Equity Closing Loans 459

Housing Wire

JANUARY 18, 2023

Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. Adrian Prieto : When it comes to leveraging the value of a home, a home equity line of credit (HELOC) is probably the most well-known option. With a HECM, there is no deadline for paying back the loan.

Equity 435

Equity Loans Design Mortgages 435

Housing Wire

SEPTEMBER 10, 2024

8VC led the latest equity investment with participation from existing investors Menlo Ventures , Meritech , Khosla Ventures and Fifth Wall. Polly has increased its locked loan volume by more than 150% this calendar year alone.

Mortgages 441

Mortgages Technology Banks Loans 441

Housing Wire

JANUARY 5, 2023

In particular, higher government-sponsored enterprise (GSE) conforming loan limits will curb non-agency share and securitizable production with the recent change in loan ceiling limits, DBRS noted in its report. . RMBS at DBRS Morningstar said in a report.

Marketing 476

Marketing Equity Loans Investor 476

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.

Renovation 434

Renovation Finance Equity Technology 434

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 446

Mortgages VA loan Principal Loans 446

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgages 505

Mortgages FHA loan Lending Loans 505

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. As long as the buyer complies with these ongoing loan obligations, a HECM for Purchase loan doesn’t have to be repaid until a maturity event, such as when the home is sold or is no longer considered their primary residence.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

OCTOBER 18, 2022

The product is designed specifically for homeowners who require in-hand leases to qualify for mortgages on new home purchases. Knox Upside, which distributes rental income to the investment property owner when a resident pays rent and enables owners to access their equity through Knox’s proprietary lending platform. .

Equity 435

Equity Lending Loans Mortgages 435

Housing Wire

SEPTEMBER 9, 2024

The brand includes Home Equity Conversion Mortgage ( HECM ) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. Department of Veterans Affairs (VA) loans is a key element of the strategy in bringing them aboard as customers.

Mortgages 448

Mortgages VA loan Branding Loans 448