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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

In today’s economy, mortgage rates and housing expenses have consistently risen. Mortgage professionals must keep up with the new demand for home equity products in the new market. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Equity 370
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Announcing the 2025 Finance Leaders

Housing Wire

HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries. This years honorees represent the top talent in corporate finance, ensuring their companies remain competitive in a dynamic housing market.

Finance 410
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One mortgage lender abandons the Florida condo market

Housing Wire

In particular it’s created a glut of 30-plus-year-old units on the market, with few takers. Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance).

Mortgages 524
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Reverse mortgage alums secure financing for alternative equity-tapping product

Housing Wire

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender.

Equity 369
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2025 labor market holds key for mortgage rates

Housing Wire

Today, the BLS jobs report showed that the labor market is getting softer, but it’s not breaking. This gives us a glimpse of what may happen over the next 10 months for mortgage rates, especially since, since Jan. I recently discussed this in an interview with Yahoo Finance. 14, we’ve seen them move lower.

Mortgages 413
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Revolutionized financing: How Zillow empowers home shoppers with innovative tools

Housing Wire

Prospective homeowners enter the housing market with two questions: Where do I begin? Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. However, prospective homebuyers often need to pay more attention to market research and data to guide them in the marketplace.

Finance 397
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Finance of America reports Q4 loss, full-year profit for 2024

Housing Wire

Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. at the close of the market on March 11 to $17.89 But by the markets close that evening, the share price rose to $21.75. at the opening bell on March 12.

Finance 393