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.

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Housing Wire

OCTOBER 24, 2024

Valon intends to use the fresh capital to boost product development and expand its reach to new markets. This new funding demonstrates that we’ve hit the milestones to prove our software is best in class and will allow us to double down on our technology to deliver even more value to the industry.” The firm is currently valued at $1.1

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Mortgages Technology Equity Industrial 448

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. Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian.

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Technology Residential Commercial Brokerage 448

Housing Wire

NOVEMBER 14, 2024

In the case of FOA — the current industry leader — the earnings results were robust. 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.

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Investor Mortgages Bankruptcy Equity 370

Housing Wire

APRIL 2, 2025

On the heels of launching a new proprietary reverse mortgage product, Mutual of Omaha Mortgage has announced the hiring of reverse mortgage industry veteran Tracy Milligan to serve as its director of strategic initiatives. This is roughly in line with other proprietary product offerings in the space.

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Loans Mortgages Equity Industrial 360

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

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Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

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Mortgages Loan Officer Equity Lending 370

Housing Wire

APRIL 3, 2025

The company which formally announced the arrangement on Thursday includes business and brand strategy, creative development and industry thought leadership initiatives, according to the announcement.

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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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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.”

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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. Paul Giangrande “Paul brings a distinguished reputation in the mortgage industry with an uncanny sense of distribution. San Jose -based EquiFi Corp. ,

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Housing Wire

APRIL 10, 2025

To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. HW: What’s one significant shift you’ve seen in the industry over the years, and how has it changed how multifamily investors approach financing? A change is needed.

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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.

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Inspection Mortgages New Construction Equity 322

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). They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away.

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Mortgages Banks Equity Development 335

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.

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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.”

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Equity Marketing Loans Investor 447

Housing Wire

NOVEMBER 8, 2024

Shallis, with over three decades of experience in the real estate industry has helped realtors, buyers, and sellers navigate all types of market conditions. Renting may seem like the safe bet, but renting offers zero equity growth and misses out on the tax benefits of homeownership. “Not

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Marketing Loan Officer Equity Loans 370

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

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Equity Mortgages Finance Development 434

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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Housing Wire

FEBRUARY 22, 2023

HousingWire’s Rising Stars award recognizes housing professionals 40 years old and younger who are making a major impact on the industry. Meg Parker Young: Climate and racial equity work will have to get closer and closer together. You cannot address climate risk without addressing systemic and pervasive equity issues.

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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.

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Equity Loans Bankruptcy As-is 459

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. This includes focusing on capital/equity to ensure the foundation is strong, covenants are met and operational flexibility is maintained. The post Headwinds confronting the mortgage industry in 2022 appeared first on HousingWire.

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Industrial Mortgages Development Loans 435

Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. But, of course, there are also challenges.”

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Housing Wire

JULY 30, 2021

This is according to Shelley Giordano, head of enterprise integration at Mutual of Omaha Mortgage and co-founder of the Academy for Home Equity in Financial Planning at the University of Illinois Urbana-Champaign. “So, Our industry has never, ever recovered from not being able to sit shoulder-to-shoulder at bank branches and share clients.

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Industrial Mortgages Loan Officer Banks 435

Housing Wire

OCTOBER 16, 2024

Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC). Housing counseling is a critical element of the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage ( HECM ) program.

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Housing Wire

NOVEMBER 13, 2024

After starting with the importance of focused information and certain reverse mortgage product features , the pair went deeper into other longstanding elements that some industry participants might be misinformed about. Jones, a reverse mortgage is a ‘rising debt, falling equity’ loan,” he said. “As Industry regulators — including U.S.

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Equity Mortgages Principal Loans 370

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.

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Equity Mortgages Development Loans 293

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. Ruimy: The BPL sector is a very fragmented industry with a lot of different players.

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Residential Lending Finance Banks 364

Housing Wire

AUGUST 28, 2024

Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. Can you tell us more about these investments and what they mean for the mortgage industry? HW: How do you ensure your products remain ahead of the curve in such a rapidly evolving industry?

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Housing Wire

JANUARY 8, 2024

To continue fostering innovation across the industry and better serve these homebuyers, regulators must take aim at one of the largest impediments to innovation: monopolies. The formation of a monopoly in the mortgage industry would slow the introduction of new solutions that would improve access to credit and customer experience.

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Equity Lending Technology Banks 476

Housing Wire

SEPTEMBER 25, 2024

However, the industry is approaching this cycle with caution. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. We’ve been hiring, training and developing our people. in Q2 2024 from 1.7

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Industrial Mortgages Loan Officer Loans 459

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.

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

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Equity Marketing Debt-to-income ratio Lending 370

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. The FHA is currently accepting industry feedback on the proposed rule, but the concept got us thinking. Lunch & Learn: Should there be a 40 year mortgage?

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Loans Industrial Mortgages Real-estate owned 448

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. The second step is to understand the landscape of existing equity release product offerings.

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Housing Wire

SEPTEMBER 27, 2024

Those in attendance told HousingWire ’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosting hopes that the industry can grow in the coming years. Department of Housing and Urban Development (HUD). The conference has been great,” she said. “It’s

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Housing Wire

FEBRUARY 21, 2025

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. This at least partially stems from well-developed forward mortgage companies diving more deeply into the reverse side of the equation.

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