Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 445

Mortgages Marketing Equity Finance 445

Housing Wire

JUNE 3, 2022

The major market dynamic making EBO deals attractive now, according to KBRA, is a changing of seasons in the mortgage industry, marked by fast-rising rates , high housing prices and a turn toward a competitive purchase-mortgage market. million, with all the loans deemed delinquent. in active foreclosure.

Loans 418

Loans FHA loan Principal Marketing 418

Housing Wire

AUGUST 1, 2024

Leaders at the Detroit-based Rocket Companies say they will continue to invest in artificial intelligence (AI) to gain operational efficiency and grow their servicing portfolio, creating opportunities for refinances and home equity loans down the road. They will also keep chasing purchase market share. “We’re Krishna said.

Marketing 444

Marketing Equity Loans Principal 444

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market. This has caused HECM principal limits to drop for new applications.

Principal 458

Principal Mortgages Loans Equity 458

Housing Wire

MARCH 6, 2023

“We’ve seen a consistent theme of potential sellers – many with first-lien rates a full 3 percentage points below today’s offerings – pulling back from putting their homes on the market,” Walden said. of the median household income to make the monthly principal and interest payments on the average home purchase. In 2022, about $2.4

Marketing 418

Marketing Equity Principal Mortgages 418

Keeping Current Matters

DECEMBER 21, 2021

But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters. For a homeowner, your equity is the current value of your home minus what you owe on the loan. So, as home values climb , your equity does too.

Equity 308

Equity Principal Loans As-is 308

Keeping Current Matters

JANUARY 6, 2021

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”. To estimate your equity, subtract your mortgage balance from the market value of your home.

Equity 301

Equity Principal Mortgages As-is 301

Housing Wire

AUGUST 7, 2023

Month-over-month, home prices increased in more than 60% of markets, with notable exceptions in Austin and San Antonio, where prices declined month to month in June on a seasonally adjusted basis. Rising home prices also boosted homeowner equity levels. Louis and Chicago up more than 4%.

Equity 370

Equity Marketing Principal Mortgages 370

Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And now we just did over $110 billion for the month of January.”. “The

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

SEPTEMBER 10, 2024

In the August rate update, I explained why over 99% of Home Equity Conversion Mortgages ( HECM s) are variable interest rate loans and the advantages of this over the fixed-rate counterpart. After all, older ages and lower interest rates generally yield higher principal limits. To the novice, this may appear to be the right choice.

Mortgages 459

Mortgages Principal Equity Loans 459

Housing Wire

JANUARY 2, 2025

Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. to 2,392 loans for the month, according to data compiled by Reverse Market Insight (RMI). The majority of these assignments were for so-called equity takeout cases, which are new reverse mortgages that are neither purchases nor refinances.

Mortgages 414

Mortgages Equity Principal Loans 414

Housing Wire

SEPTEMBER 6, 2023

In the face of spiking interest rates and historically high home prices , $3,000 monthly mortgage payments are common in today’s housing market. Between 2010 and 2021, mortgage holders withdrew an average 0.92% of available tappable equity each quarter. Tappable equity levels remain elevated, Walden noted.

Equity 435

Equity Mortgages Principal Loans 435

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 433

Marketing Principal Banks Loans 433

Housing Wire

MAY 3, 2022

Continued home price growth, which Fannie Mae predicts will decelerate from 19% year-over-year in 2021, to around 11% in 2022, increases borrowers equity. That increase can reduce the risk of loan impairment — since borrowers with more equity are less likely to default — and lead to new cash-out refis for even higher principal amounts.

Mortgages 397

Mortgages Marketing Equity Loans 397

Housing Wire

AUGUST 16, 2024

What happens if they sell their current home but can’t cover the costs of a new place, especially in a market characterized by record-high home prices? Use a reverse mortgage with her purchase loan to boost her purchasing power without requiring principal and interest payments during her lifetime.

Mortgages 482

Mortgages Principal Equity Loans 482

Housing Wire

OCTOBER 2, 2023

Prices in nearly half of the nation’s 50 largest markets climbed by 0.75% or more. Purchase loans comprised about 82% of overall mortgage lending in 2023 and ICE forecasts purchase lending to continue to dominate the market through next year.

Mortgages 448

Mortgages Equity Lending Principal 448

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity 459

Equity Lending Fixed-rate mortgage Loans 459

Housing Wire

JUNE 18, 2024

million in aggregate principal amount available for 30 days to cover over-allotments. BTIG analysts Eric Hagen and Jake Katsikas estimate that the debt offering will bring the company’s total unsecured debt stack to $850 million, supported by about $1 billion in stockholder equity. The offering can be increased by $12.75

Closing 437

Closing Principal Lending Equity 437

Housing Wire

OCTOBER 31, 2024

1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. I have really enjoyed getting to know Next Door Lending’s principals, Doug [Liska] and Jonathon, through this process,” Chen said. As part of the deal that closed Oct. It is also offering $3.5

Lending 489

Lending Mortgages Loan Officer Principal 489

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. Overall, the bulk MSR market should be incredibly robust throughout 2022.”. market share. You just never know.

Marketing 397

Marketing Banks Principal Loans 397

Housing Wire

DECEMBER 27, 2024

With Home Equity Conversion Mortgage (HECM) volume declining on an annual basis, many industry participants cited at least one key factor that couldve driven the decline, but the view was not universal. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp.

Industrial 397

Industrial Mortgages Principal Lending 397

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” They will depress it (the market). ” The current MSR market. “The MSR market softened considerably,” said Carnes. multiple market. ” .

Marketing 448

Marketing Lending Loans Principal 448

Housing Wire

SEPTEMBER 19, 2022

Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. overall market share in 2021, up from 38.9% Cash-out refis continued to increase in 2021, with borrowers taking advantage of surging home prices and record levels of home equity.

Marketing 370

Marketing Loans Principal Mortgages 370

Housing Wire

MARCH 19, 2024

MCS contends that the deal creates “a national property preservation and services market leader that combines complementary business offerings to serve an extensive network of clients in the mortgage services and single-family rental sectors.”

Mortgages 447

Mortgages Principal Commercial Real-estate owned 447

Housing Wire

MAY 3, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 418

Equity Fixed-rate mortgage Principal Mortgages 418

Housing Wire

MAY 5, 2021

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. “Interest rates began to rise in late Q1, and there has been a corresponding reduction in market opportunities and gain on sale margins as a result. That company gave a 22% market share.

Marketing 375

Marketing Technology Branding Principal 375

Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower.

Mortgages 468

Mortgages Equity Finance Lending 468

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgages 468

Mortgages Principal Equity Loans 468

Housing Wire

JULY 30, 2024

” According to the agency, Mr. Cooper’s leverage — calculated as debt to tangible equity — was 2.1 ” Mortgage lenders and servicers have been active in the debt market of late. Meanwhile, Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.

Principal 482

Principal Investor Banks Mortgages 482

Housing Wire

FEBRUARY 1, 2024

As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.” The evolving landscape The overall landscape of the reverse mortgage market is subject to change despite the reviewers’ attention to detail and sound predictions, the report said. In 2009, the U.S.

Mortgages 434

Mortgages Principal Loans Equity 434

Housing Wire

AUGUST 6, 2024

President and CEO Frank Martell said in a call with analysts that in the second quarter, the company delivered its “strongest operational result since the beginning of the market downturn that began in the first quarter of 2022.” After the earnings release, loanDepot stock was trading at $2.15, up 3.86% in the after market.

Purchase and sale agreement 448

Purchase and sale agreement Principal Loan Officer Mortgages 448

Housing Wire

APRIL 26, 2024

The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. home equity , which was up by $1.3 The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The foreclosure process affected only 0.3%

Mortgages 499

Mortgages Staging Principal Loans 499

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 407

Equity Lending Principal Technology 407

Housing Wire

JUNE 1, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 397

Equity Fixed-rate mortgage Principal Loans 397

Housing Wire

JUNE 6, 2024

ADUs create new housing opportunities in existing neighborhoods, expanding the housing supply while building homeowner equity,” David Driskell, principal at CPC, said in a statement. Local governments are uniquely positioned to help residents through the daunting process of building an ADU.

Construction 474

Construction Principal Design Equity 474

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

Mortgages 457

Mortgages Loans Equity Principal 457

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

Investor 448

Investor Bankruptcy Finance Equity 448