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.

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Branding Equity Lending Finance 356

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

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

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Equity Lending Banks Loans 488

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

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Finance Construction Loans Renovation 501

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 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

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.

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New Construction Construction Marketing Equity 338

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. We are honored to have him lead our expanding mortgage financing efforts,” David Shapiro, EquiFi’s CEO and founder, said in a statement.

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector.

Residential 364

Residential Lending Finance Banks 364

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

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.

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Equity Marketing Finance Mortgages 468

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. Editor’s note: This is a rapidly developing situation. The situation in Los Angeles is heartbreaking. According to data from the U.S.

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. With several top 10 reverse mortgage lenders now active in some form within the U.S.

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Investor Mortgages Bankruptcy Equity 370

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.

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Mortgages Equity Finance Industrial 286

Housing Wire

JULY 7, 2022

Can Fannie Mae ’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? Top brass at Fannie Mae, in a Thursday webinar discussing its new equitable housing finance plans, argued it can. More than 40% of those borrowers are Black or Latino, he added.

Equity 448

Equity Lending Closing costs Development 448

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 I do think [HMBS 2.0]

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Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

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Finance Lending Title Mortgages 418

Housing Wire

MARCH 31, 2025

He also founded investment advisory firm San Diego Financial Capital Management and before that had served as assistant professor of finance at the University of Illinois Urbana-Champaign (UIUC). Throughout the 1990s, Ibis developed several reverse mortgage software applications, including for use by counselors.

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Due diligence Mortgages Development Banks 293

Housing Wire

NOVEMBER 12, 2024

Dan’s unique expertise positions him at the intersection of technology , asset management, and mortgage finance, perfectly aligning with our vision for the future. Prior to Haven, Wallace served as the general manager of lending at Figure Technologies — a leading nonbank home equity line of credit lender — and as CEO of FirstKey Mortgage.

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Technology Finance Mortgages Lending 370

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 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 397

Finance Mortgages Lending Equity 397

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.

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Sales Equity Finance Development 397

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Rocket is targeting American homeowners with high household debt and credit card balances but strong home equity positions. . ” U.S. ” U.S.

Equity 397

Equity Loans Lending Banks 397

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

FEBRUARY 22, 2023

This means ensuring our work is not limited by department or business unit silos, and that we continue to grow the core case for aligned business outcomes and impact at scale — including driving racial equity, housing stability and climate resilience.” You cannot address climate risk without addressing systemic and pervasive equity issues.

Equity 397

Equity Finance Industrial Development 397

Housing Wire

DECEMBER 18, 2020

With LIBOR slated to be phased out at the end of 2021 , industry trade group Structured Finance Association sent a letter this week to New York Gov. Andrew Cuomo and the state’s legislative leaders asking them to support Secured Overnight Financing Rate (SOFR) index as the standardized benchmark rate. dollar LIBOR.

Finance 397

Finance Loans Mortgages Equity 397

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 418

Equity Mortgages Principal As-is 418

Housing Wire

APRIL 3, 2025

Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies.

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Housing Wire

AUGUST 29, 2024

In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services professionals who aim to “attract, develop and advance women in an underrepresented profession,” according to the WIFS National website. What can we do with this?’

Finance 448

Finance Mortgages Equity Development 448

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck.

Finance 435

Finance Mortgages Marketing Branding 435

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

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.

Finance 370

Finance Equity Mortgages Principal 370

Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Equity 370

Equity Finance Loans Development 370

Housing Wire

DECEMBER 11, 2024

Department of Housing and Urban Development (HUD)s Office of Policy Development and Research recently published a report that more closely examines the housing needs of older Americans and the pain points that have exacerbated their needs stemming from a national housing crisis. population, on housing demand, according to the report.

Finance 370

Finance Development Equity Banks 370

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

FEBRUARY 25, 2025

The reverse mortgage industry in 2025 could be defined by two key developments: continuing efforts to establish partnerships with the forward mortgage industry, as well as the development of proprietary reverse mortgage products that could be the future of the industry. By FY 2024, that number had dwindled to roughly 26,500.

Development 221

Development Loans Equity Industrial 221

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets.

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Closing Equity Investor Finance 448