Housing Wire

MARCH 13, 2025

billion in equity. Editor’s note: This is a developing story and will be updated. HomeServices was No. 4 with $133.8 billion across nearly 236,000 sales. The report comes just days after Rocket Companies announced an agreement to purchase Redfin in an all-stock transaction worth $1.75

Purchase and sale agreement 397

Purchase and sale agreement Brokerage Equity Development 397

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 492

Equity Loans Investor Mortgages 492

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 300

Lending Equity Banks Construction 300

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

MARCH 25, 2024

The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by the European Pensions and Property Asset Release Group (EPPARG), a trade association that represents European equity release companies.

Equity 468

Equity Marketing Finance Mortgages 468

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 447

Equity Marketing Loans Investor 447

Housing Wire

FEBRUARY 11, 2025

The Oregon state senates Committee on Housing Development held a hearing last week on a piece of proposed legislation that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property. Senate Bill (SB) 534 is positioned primarily as a consumer protection measure.

Mortgages 335

Mortgages Equity Industrial Loans 335

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. While Americans sit on approximately $32 trillion in home equity , only 50% of homeowners can tap into that wealth. Nomura Securities International Inc.

Equity 435

Equity Finance Investor Technology 435

Housing Wire

OCTOBER 23, 2024

I am driven to develop organizational cultures focused on customer service, competences, and skills. She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I

Development 431

Development Finance Equity Technology 431

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. And he will oversee development and implementation of the firm’s marketing strategy and distribution processes. San Jose -based EquiFi Corp. ,

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

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.

Equity 468

Equity Purchase and sale agreement Loans Mortgages 468

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.” To get a better idea of the potential impact that HMBS 2.0

Development 459

Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

OCTOBER 24, 2024

Valon intends to use the fresh capital to boost product development and expand its reach to new markets. Valon’s platform offers traditional purchase and refinance products, alongside alternative products like home equity lines of credit ( HELOCs ). The firm is currently valued at $1.1

Mortgages 448

Mortgages Technology Equity Industrial 448

Housing Wire

MARCH 26, 2024

As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. Stated differently, you are dealing with individuals that may be in an equity prison. It comforts them for a brief moment.

Equity 459

Equity Loans Bankruptcy As-is 459

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.

Equity 459

Equity Mortgages Development Design 459

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

Branding 356

Branding Equity Lending Finance 356

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.

Equity 433

Equity Renovation Lending Finance 433

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

Equity 434

Equity Mortgages Finance Development 434

Housing Wire

MARCH 20, 2024

They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. He would then break down the pie charts related to how the loan would work and visualized the homeowner’s equity position over time.

Development 459

Development Industrial Mortgages Loans 459

Housing Wire

JANUARY 30, 2025

If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. To close the conversation, Davis explores Deephaven’s focus on home equity and new construction products in 2025. Diego: Why the push into home equity ? That’s where the growth is at.

New Construction 338

New Construction Construction Marketing Investor 338

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 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

NOVEMBER 8, 2024

Renting may seem like the safe bet, but renting offers zero equity growth and misses out on the tax benefits of homeownership. “Not Not only does owning build equity,” explains Shallis, “but the tax benefits are substantial. Yes, the American Dream of homeownership is still alive and well.”

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

MARCH 3, 2025

Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday. Weve built an incredible foundation and as we focus on each agents personal development and their continual sales growth, we welcome the partnership and backing from the team at Stone Point Capital.

Technology 448

Technology Residential Commercial Brokerage 448

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. As more older adults state their desires to age in place in their current homes and with baby boomers owning as much as half of all U.S.

Inspection 322

Inspection Mortgages New Construction Equity 322

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. That’s all it says.”

Development 448

Development Loans Banks Mortgages 448

Housing Wire

MARCH 24, 2025

Department of Housing and Urban Development (HUD) has moved to cancel a contract that involves a technology service for Home Equity Conversion Mortgage ( HECM ) counselors , according to a review of the contract details on government websites and an announcement from the National Reverse Mortgage Lenders Association (NRMLA).

Technology 317

Technology Development Loans Equity 317

Housing Wire

FEBRUARY 26, 2025

What they found was a product type that had yet to reach their shores in the form of the Home Equity Conversion Mortgage (HECM) for Purchase (H4P). Department of Housing and Urban Development (HUD). Also, meeting system providers like HECM Toolbox who have developed specific products to improve the reverse mortgage market was great.”

Mortgages 335

Mortgages Banks Equity Development 335

Housing Wire

FEBRUARY 14, 2025

A bill in the state of Hawaii that seeks to establish a state-run equivalent of the Federal Housing Administration (FHA)s Home Equity Conversion Mortgage ( HECM ) program appears to be dead in its current form, having failed to reach key deadlines following its submission to three different legislative committees.

Mortgages 286

Mortgages Equity Finance Industrial 286

Housing Wire

NOVEMBER 13, 2024

But some misconceptions about how the credit line is impacted by partial Home Equity Conversion Mortgage ( HECM ) prepayments was called out by Hultquist and McMinn. “Mr. Relationship between debt and equity McMinn continued with the next misconception, speaking again to a hypothetical borrower. Again, the whistle immediately rang out.

Equity 370

Equity Mortgages Principal Loans 370

Housing Wire

MARCH 31, 2025

Throughout the 1990s, Ibis developed several reverse mortgage software applications, including for use by counselors. By the mid-2000s, the company had developed other tools including amortization schedules, term loans and APRs and program selection. Department of Housing and Urban Development (HUD).

Due diligence 293

Due diligence Mortgages Development Banks 293

Housing Wire

NOVEMBER 21, 2024

As you develop and build business, especially with financial planners, there are so many strategic ways to use a reverse mortgage that we try to share with our advisers,” Nelson said. They haven’t looked back, finding several potential scenarios that could be used to best take advantage of a standby line of credit.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

MARCH 6, 2025

Department of Housing and Urban Development (HUD) Secretary Scott Turner is visiting the area alongside Kathryn Barger , chair of the Los Angeles County Board of Supervisors. The ML explained that the moratorium restricts foreclosure actions on both FHA-insured single-family forward mortgages and Home Equity Conversion Mortgages ( HECMs ).

Equity 358

Equity Mortgages Design Development 358

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. “The Department of Veterans Affairs (VA) space.

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

JANUARY 10, 2025

The company is actively monitoring the still developing situation, and will assess further steps once the extent of the impact is known, Smith added. Department of Housing and Urban Development (HUD), there are more than 5,000 HECM originations in the Los Angeles-Long Beach-Glendale metropolitan statistical area and nearly 4,600 endorsements.

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

MARCH 24, 2025

The scenario carries similarities to an issue the reverse mortgage industry has faced for the past several years regarding state-specific counseling requirements faced by older residents who needed to complete an in-person counseling session to qualify for a Home Equity Conversion Mortgage ( HECM ) loan.

Equity 293

Equity Mortgages Development Loans 293

Housing Wire

JANUARY 6, 2025

While some homeowners are looking to cash in on the equity they’ve built up since the pandemic, these same increases in property values are driving up the number of home sales that the capital gains tax would be applied to. Department of Housing and Urban Development (HUD). But according to data released by the U.S.

Sales 397

Sales Equity Finance Development 397