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%

Equity 488

Equity Lending Banks Loans 488

Housing Wire

APRIL 9, 2025

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). On an online database tracking a series of issues the U.S.

Mortgages 371

Mortgages Principal Loans Equity 371

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 446

Equity Marketing Loans Investor 446

Housing Wire

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Renting may seem like the safe bet, but renting offers zero equity growth and misses out on the tax benefits of homeownership. “Not

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

APRIL 8, 2025

Fairway now enables HECM borrowers to e-sign most loan documents before closing, making the process more efficient, convenient and borrower-friendly, the company said. Department of Housing and Urban Development (HUD) rules still require such signatures on certain documents, the company explained. Fairway Independent Mortgage Corp.

Closing 291

Closing Mortgages Lending Technology 291

Housing Wire

NOVEMBER 21, 2024

In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. 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. “As

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

SEPTEMBER 3, 2024

Home equity fintech Unlock Technologies has landed a Series B funding round that includes a $30 million investment by D2 Asset Management. Unlock, a provider of home equity agreement (HEA) contracts, claims it has experienced 98% year-over-year growth in the number of homeowners who chose its product.

Equity 431

Equity Technology Land Development 431

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

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

APRIL 2, 2025

She went on to serve the next 11 years of her career at One Reverse Mortgage as vice president of operations, before that company a division of then- Quicken Loans , later Rocket Mortgage ceased its reverse mortgage product offerings in early 2020. This is roughly in line with other proprietary product offerings in the space.

Loans 312

Loans Mortgages Equity Industrial 312

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 301

Mortgages Equity Industrial Loans 301

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. The revised LTVs could allow previously ineligible borrowers to have a renewed conversation about securing a loan, the company explained.

Mortgages 304

Mortgages Principal Loans Equity 304

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? The list of potential obstacles across the Black housing journey — it’s long,” said Katrina Jones, Fannie Mae’s vice president of racial equity strategy and impact. “The

Equity 448

Equity Lending Closing costs Development 448

Housing Wire

JANUARY 30, 2025

We’re looking at product expansions and introducing products that we have or through our sister company Anchor Home Loans , which specializes in residential transition loans (RTLs). If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors.

New Construction 306

New Construction Construction Marketing Investor 306

Housing Wire

JANUARY 17, 2024

Department of Housing and Urban Development (HUD) Marcia Fudge suggested to a congressional committee that the department could consider eliminating life-of-loan premium requirements for mortgages backed by the Federal Housing Administration (FHA), but did not offer any indication about the issue’s priority level at HUD.

Loans 488

Loans FHA loan Equity Mortgages 488

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. At AmeriCash, he oversaw more than 300 employees and helped the company close more than $18 billion in home loans. San Jose -based EquiFi Corp. ,

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

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 257

Lending Equity Banks Construction 257

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. Assuming he put 3.5%

Equity 468

Equity Purchase and sale agreement Loans Mortgages 468

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. The partner smiled. “

Loans 524

Loans Closing Mortgages Equity 524

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

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. I love the pursuit of the loan, of key accounts, of builders and real estate groups, that sort of thing. On the other hand], there’s never one loan that’s the same as another.

Development 459

Development Industrial Mortgages Loans 459

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. How could they ever justify walking away from a loan with this low of an interest rate ?

Equity 459

Equity Loans Bankruptcy As-is 459

Housing Wire

JULY 12, 2024

aka Nutter Home Loans , recently scored what an attorney has characterized as a win in a case brought against it by the U.S. Department of Housing and Urban Development (HUD) underwriting requirements in connection with the underwriting of approximately 1,500 [HECMs],” they explained. 9 — the defense is encouraged by this development.

Loans 446

Loans Development Mortgages Equity 446

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

Investor 370

Investor Mortgages Bankruptcy Equity 370

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

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.

Development 448

Development Loans Banks Mortgages 448

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 342

Branding Equity Lending Finance 342

Housing Wire

NOVEMBER 12, 2024

Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Wallace brings more than 30 years of experience as a leader of tech-focused mortgage, asset management and capital market platforms. “The U.S.

Technology 370

Technology Finance Mortgages Lending 370

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 369

Equity Mortgages Principal Loans 369

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.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

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). There is also a requirement that a client must seek independent legal advice before taking out a loan.

Mortgages 301

Mortgages Banks Equity Development 301

Housing Wire

APRIL 24, 2025

The HECM Tool a software platform designed to serve as a reverse mortgage sales conversion tool announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platforms existing visualization and comparison capabilities.

Mortgages 300

Mortgages Loan Officer Loans Principal 300

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. Multifamily developments have been picking up with a very strong start.

Residential 358

Residential Lending Finance Banks 358

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

APRIL 10, 2025

policymakers scramble for answers, countries abroad have already developed and deployed practical solutions. Servicing portfolios are clogged with long-dated, low-yield loans that strain balance sheets. Unlike existing owners, these buyers have no low-rate loan to protect, no equity to leverage, and no fallback.

Design 246

Design Marketing Fixed-rate mortgage Finance 246

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

APRIL 25, 2025

Just as important is the strong interest in these regional events as well as our annual ones from loan officers , compliance personnel, senior vice presidents, EVPs and even C-suite participants. Green will deliver a lunchtime keynote speech on home equity extraction and the financing of long-term care.

Industrial 195

Industrial Mortgages Loan Officer Equity 195