Housing Wire

FEBRUARY 12, 2025

homeowners with access to their tappable home equity. The expansion adds 10- and 30-year fixed-term options to the companys existing 20-year fixed-rate home equity loan, which the company has designed as complements to its first-lien and second-lien home equity lines of credit ( HELOCs ).

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Equity Loans Lending Mortgages 370

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

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Equity Lending Residential Branding 367

Housing Wire

APRIL 1, 2025

An alternative home equity-tapping product backed by former executives from a reverse mortgage lender has been rolled out to several additional states, following an earlier move that secured hundreds of millions of dollars in financing. Our growing presence across the U.S.

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Housing Wire

SEPTEMBER 12, 2024

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday.

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Equity Mortgages Residential As-is 508

Housing Wire

OCTOBER 31, 2024

This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. home equity by the end of this year.

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Equity Loans Debt-to-income ratio Renovation 459

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday. home equity over the past year brought total net equity to more than $17 trillion at the end of Q1 2024.

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Equity Residential Mortgages Closing 518

Housing Wire

OCTOBER 10, 2024

Mortgage lenders can also benefit from these projects through a variety of products, including home equity lines of credit (HELOCs). The vast amount of home equity accumulated across the country could be a path to addressing these issues. And there are now 32 million borrowers who have at least $100,000 in tappable equity.

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Renovation Equity Lending Banks 476

Housing Wire

DECEMBER 5, 2024

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. trillion in equity, of which $11.2 At the end of third-quarter 2024, U.S. mortgage holders held $17.2

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Equity Technology Brokerage Mortgages 392

Housing Wire

OCTOBER 4, 2024

Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion.

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Equity Mortgages As-is Marketing 468

Housing Wire

SEPTEMBER 4, 2024

With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. One-quarter of these lenders offered accelerated closing options, including two lenders that advertised home equity funding in as little as one week.

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Equity Lending Banks Loans 459

Housing Wire

AUGUST 1, 2024

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. Between Q1 and Q2, the share of equity rich homes increased in 48 states.

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Equity Mortgages Loans Marketing 482

Housing Wire

SEPTEMBER 5, 2024

This is one reason why home equity can be a notable difference-maker and should be part of the conversation. Long-term care should be a key consideration, and one potential way to address these costs and other spending goals is to incorporate home equity, according to Block.

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Equity Finance Mortgages As-is 459

Housing Wire

DECEMBER 4, 2024

But some existing homeowners and investors may feel differently as a trend of home equity growth was found across 45 states. Home equity solutions provider Unison released its 2024 Home Equity Report on Tuesdsay. ” Home equity also grew based on higher prices, reaching $35 trillion at the end of the second quarter.

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Equity Investor Marketing Mortgages 397

Housing Wire

NOVEMBER 19, 2024

Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. But a major indicator of the ability for a homeowner to be able to feasibly tap their equity centers on age. homeowners.

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Equity Mortgages Finance Marketing 418

Housing Wire

DECEMBER 9, 2024

The company closed deals with struggling power buyer firm Ribbon in May 2023, home maintenance company Onder in September 2023, home equity investment firm Balance Homes in December 2023 and home equity investment firm HomePace in May 2024. An acquisition spree followed.

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Equity Investor Residential Closing 370

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

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FHA loan Mortgages Equity Loans 418

Housing Wire

JANUARY 27, 2025

Servicing Digital can help customers perform “what-if” scenarios regarding their property, including options to build equity and the benefits or drawbacks of refinancing or paying down their loan. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

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Equity Technology Loans Mortgages 369

Housing Wire

OCTOBER 24, 2024

The rest are saving their equity with us by either selling to us or allowing us to list.” But the magnitude of the discount for some buyer segments, coupled with an analysis of subsequent resales (flips), points to possible equity stripping in some cases. Most of the homeowners don’t qualify for refinancing. “I

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Bankruptcy Equity Hard money loan Finance 448

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

MARCH 10, 2025

billion in equity. Varun and I see how much better real estate could be when AI guides customers not just through that first step in their search, but all the way home, through the sale, the loan and then a lifetime of accumulating equity and wealth.

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Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

MARCH 11, 2025

This is according to a new survey from Point , a company that specializes in home equity investments. [O]lder But older homeowners are also sitting on a repository of home equity. Those who are 65 and older had a median home equity level of $250,000 as of 2022. Census Bureau.

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Equity Renovation As-is 317

Housing Wire

OCTOBER 25, 2024

In prior conversations with HousingWire ’s Reverse Mortgage Daily (RMD), leaders of equity sharing companies contend that their products are different from reverse mortgages largely because they are not debt-based instruments. But a court case playing out in the U.S. And that really shows the problem here with this appeal.”

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Equity Mortgages Loans As-is 448

Housing Wire

NOVEMBER 12, 2024

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

JANUARY 22, 2025

Escrow accounts are required for conventional borrowers with 20% or less equity in their homes. Federal Housing Administration (FHA) loan borrowers must maintain escrow accounts for the entire loan cycle, regardless of equity. After that, 70% had higher homeowners’ insurance and 57% had higher premiums.

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FHA loan Fixed-rate mortgage Equity Mortgages 397

Housing Wire

JANUARY 22, 2025

For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity. Every distressed customer deserved a chance to protect their equity, and Auction.com is going beyond auctions to make that possible, President Ali Haralson said in a statement.

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Proof of funds Equity Technology Banks 370

Housing Wire

FEBRUARY 20, 2025

Digital homeownership company Better.com on Thursday announced a record 400% growth in its home equity line of credit ( HELOC ) and home equity loan businesses. were considered “equity rich” in Q4 2024, meaning that the underlying mortgage debt did not exceed 50% of the home’s market value.

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Equity Investor Lending Renovation 332

Housing Wire

FEBRUARY 3, 2025

The suits accused EasyKnock of using a deceptive and unfair lending scheme to lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as Sell & Stay transactions.

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Lending Equity Investor Residential 395

Housing Wire

FEBRUARY 7, 2025

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. It’s a nonrecourse loan that is negatively amortizing, and balances increase over time.

Mortgages 349

Mortgages Equity Lending Commercial 349

Housing Wire

MARCH 25, 2025

With banks and conventional lenders having tighter lending requirements or less available capital, large investors, such as pension funds or private equity firms, that provide funding, see private lenders with proven success in real estate as reliable partners in a tight credit environment.

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Lending Equity Banks Construction 300

Housing Wire

MARCH 4, 2025

For the reverse mortgage industry, the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program is something that industry professionals have aimed to emphasize: older homeowners who elect to downsize or otherwise relocate may find more value and variety if moving to a less expensive location.

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Equity Principal Development Staging 413

Housing Wire

OCTOBER 18, 2024

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. The Trade-In Mortgage and the Contingency Buster will be available to Ruoff Mortgage borrowers via the company’s online platform and mobile app.

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Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

MARCH 31, 2025

billion , is paying an equity value of $9.4 Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. The Detroit-based fintech , which is also in the midst of acquiring real estate brokerage and home search portal Redfin for $1.75

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Finance Title Mortgages Equity 468

Housing Wire

JANUARY 22, 2025

Younger generations said they would use other sources including credit cards or a second job (Gen Z), a home equity line of credit (HELOC, Gen X) or a personal loan (millennials). home equity. Baby boomers led the way in this respect, with 60% of boomer respondents saying savings would be the primary funding source for renovations.

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Renovation Equity Construction Loans 370

Housing Wire

NOVEMBER 7, 2024

When asked during the earnings call about what the company sees in the home equity lending space, Schmidt said that the opportunities in reverse stand out. “We Our second (lien) programs have been really successful, so those (homeowners) that have equity, we’ve got an option there if rates do stay at an elevated level.”

Mortgages 370

Mortgages Equity Lending Branding 370

Housing Wire

NOVEMBER 15, 2024

For mortgage lenders, “the upward move in mortgage rates puts the mini-refi rally we experienced in September on ice for the time being,” Derek Sommers and John Hetch, equity analysts at Jefferies, said in a report on Friday. At Mortgage News Daily , rates were at 7.02% on Thursday afternoon.

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Mortgages Equity Sales Marketing 531

Housing Wire

MARCH 13, 2025

billion in equity. 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 That deal is expected to close in the second or third quarter of 2025.

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Purchase and sale agreement Brokerage Equity Development 397