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Home Equity

Record-high home equity provides opportunity for the reverse mortgage industry

Harvard University, HECM, Home Equity, HWmember, Joint Center for Housing Studies, Reverse /

Soaring prices and increasingly strained affordability have made things difficult for prospective buyers shopping for their first home. But for households that own their home already, rising prices have been a wealth bonanza. That’s evident in data from the annual State of the Nation’s Housing Report from Harvard University’s Joint Center for Housing Studies (JCHS), […]

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The concerning math behind aging-in-place

Aging in Place, Home Equity, HWmember, Nationwide, Reverse /

Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home. That’s according to insurance company Nationwide‘s 2025 Nationwide Retirement Institute Long-Term

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Global equity release market projected to top $56B by 2035

Europe, European Pensions and Property Asset Release Group, HECM, Home Equity, HWmember, NRMLA, Reverse /

Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion. This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than

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UpEquity gets warehouse facility from Silicon Valley Bank, Setpoint

Home Equity, HWmember, Investors, Lenders, Mortgage, Warehouse Lending /

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. The funding is expected to support $1 billion in originations over the next two years, helping homebuyers purchase new homes before selling their current

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In Chicago, a reverse mortgage scammer left a lasting scar

Chicago, HECM, Home Equity, HUD, HWmember, Illinois, Reverse /

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A recent report from a local publication, the South Side Weekly, detailed one family’s struggle to recover from Diamond’s scams. Louise Minter

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Global reverse mortgages in the news: growth, delay and launch

Australia, Canada, Home Equity, HWmember, Reverse /

While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate for the past several years, their international equivalents don’t always have the same challenges. Lenders in other countries who make use of home equity tapping in a similar way can have different perceptions and market activity in their territories

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Americans tapped $25B in home equity in Q1 2025

HELOCs, Home Equity, HWmember, ICE Mortgage Technology, LendingLife, Mortgage, Mortgage Rates, Origination /

U.S. homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 — the largest volume for this period in 17 years, according to the ICE Mortgage Technology‘s newest Mortgage Monitor report. That marks a 22% increase compared to the same quarter last year. The first quarter is typically

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Longbridge’s new proprietary reverse mortgage aims to preserve home equity for heirs

Baby Boomer, Home Equity, HWmember, Longbridge Financial, Reverse /

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs. The latest offering in the company’s Platinum line of proprietary reverse

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Competition for HELOC business heats up as home equity grows

HELOCs, Home Equity, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Mortgage Rates, Origination /

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. “How many of you have a mortgage first lien, 30-year with a 4% coupon or lower?” A majority raised their hands. “You are all the

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ServiceLink expands closing technology

Closings, eClosing, eSignature, Home Equity, HWmember, Mortgage, Refinancing, ServiceLink, Technology, Title /

Mortgage solutions provider ServiceLink has introduced updates to its EXOS Close platform aimed at increasing scheduling flexibility for lenders and borrowers. The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments, and add automatic eligibility checks for remote notarization. Among the new features is a system that

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