Housing Wire

MARCH 10, 2025

A reverse mortgage-related bill that was introduced in the Maryland state Senate that would have put the onus on lenders to cover some extra expenses tied to the Home Equity Conversion Mortgage ( HECM ) origination process has been withdrawn by the sponsoring senator after conversations with reverse mortgage industry representatives.

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Industrial Mortgages Equity Loans 311

Housing Wire

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. With our home equity program, we want to make sure that we’re offering our broker partners a product they can win in this market and help their clients.”

Equity 448

Equity Loans Mortgages Finance 448

Housing Wire

MARCH 31, 2025

Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. billion , is paying an equity value of $9.4 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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Housing Wire

JANUARY 27, 2025

Integrated with ICEs industry-leading MSP loan servicing system , Servicing Digital provides homeowners with real-time access to detailed and personalized loan and property-related data anytime, anywhere. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

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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.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

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. Reverse mortgage industry comments The other two witnesses were members of the reverse mortgage industry.

Mortgages 321

Mortgages Equity Industrial Loans 321

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.

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Mortgages Lending Loan Officer Loans 418

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

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.”

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Equity Loans Investor Mortgages 492

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing.

Equity 448

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Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Compare that with $30 trillion in financeable equity — it dwarfs it. You have to think about how you monetize that equity,” Deitch said. You have to think about how you monetize that equity,” Deitch said. “So,

Equity 448

Equity Technology Loans Lending 448

Housing Wire

MARCH 10, 2025

A reverse mortgage could have benefits for a qualifying borrower, but anyone considering these loans should also be mindful of the potential risks. The capital gains taxes will eat up any remaining equity after that reverse loan is paid.

Mortgages 311

Mortgages Equity Loans Finance 311

Housing Wire

DECEMBER 3, 2023

Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Rising equity levels are also contributing to low default and foreclosure activity. In 2024, roughly 75% of originations expected to come from purchase loans.

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Housing Wire

FEBRUARY 13, 2025

Reverse mortgages were included in the assessment alongside options like Medicaid, Medicare, health savings accounts (HSAs), veterans benefits, LTC insurance and home equity loans. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.

Mortgages 358

Mortgages Equity Loans Closing costs 358

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 313

Housing Wire

NOVEMBER 12, 2024

While the reverse industry has faced unique headwinds over the past couple of years, the company is seeking to build on the momentum provided by its HomeSafe Second proprietary product. 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

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 447

Equity Marketing Loans Investor 447

Housing Wire

APRIL 24, 2024

Seniors could choose to employ home equity through a reverse mortgage or other equity-tapping product to manage a series of expenses in retirement , but when it comes to managing their tax burden , it can get more complicated.

Equity 459

Equity Loans Finance Mortgages 459

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

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

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Marketing Loan Officer Equity Loans 370

Housing Wire

MARCH 19, 2025

Vishal Garg , Better’s CEO and founder, said that despite a market with historically low housing affordability and persistently high mortgage rates , Better saw progress in its funded loan volume. All three of the company’s product channels purchase, refinance and home equity saw annualized growth.

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Loan Officer Mortgages Loans Equity 285

Housing Wire

MARCH 14, 2025

Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators. Heres how the mortgage industry is changing and what loan officers must do to thrive.

Mortgages 362

Mortgages Loan Officer Marketing Loans 362

Housing Wire

NOVEMBER 26, 2024

From streamlining title verification to enabling collaborative loan processing and automating key title production tasks, these leaders are helping shape a faster, smarter, and more efficient housing market. It’s a game-changer for an industry often bogged down by outdated, siloed processes.

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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

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

MAY 14, 2024

million, driven mainly by home equity line of credit (HELOC) and cash-out refinance products, executives said. Funded loan volumes came in at $661 million, up 25% quarter over quarter. Purchase loans comprised 80% of the funded volume, followed by refinances (12%) and HELOCs (8%). The company’s stock was trading at $0.44

Loans 448

Loans Loan Officer Equity Mortgages 448

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. But they are not immune to systemic industry shocks, including last year’s bank crisis.

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Loans Mortgages Due diligence Banks 468

Housing Wire

JUNE 12, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , has launched a blockchain-based marketplace to connect buyers and sellers of private credit loans, promising to reduce settlement timelines and create greater pricing certainty.

Loans 453

Loans Lending Technology Equity 453

Housing Wire

APRIL 9, 2024

The convergence of homeowner requirements and investor incentives has resulted in a genuine inflection moment for home equity investments (HEIs). Are home equity investments the answer? In simple terms, home equity investments offer homeowners a way to unlock equity without taking on monthly payments or additional debt.

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Equity Investor Residential Finance 475

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 353

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 317

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. The annual investment volume in the U.S.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

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 ?

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Equity Loans Bankruptcy As-is 459

Housing Wire

MARCH 17, 2025

Among the provisions of the new bill, the relevant section stipulates that [a] foreclosure prevention fee of $80 shall be assessed for each residential mortgage loan originated, excepting only reverse mortgage loans issued to seniors over the age of 61, it says.

Mortgages 364

Mortgages Loans Equity Residential 364

Housing Wire

OCTOBER 28, 2024

While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. Moreover, the older the loan, the more likely the borrower would refinance elsewhere.

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Loan Officer Pre-approval Technology Loans 435

Housing Wire

FEBRUARY 4, 2025

A bill introduced in January to the New York state Senate is seeking to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product, as well as the obligations that a borrower assumes when engaging with the industry.

Mortgages 358

Mortgages Loans Equity Principal 358

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.

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