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Global equity release market poised for significant growth, report suggests

Housing Wire

The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by the European Pensions and Property Asset Release Group (EPPARG), a trade association that represents European equity release companies.

Marketing 437
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Anywhere reports losses amid slow housing market

Housing Wire

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. The company produced these results amid “an incredibly difficult year for the housing market,” Schneider said during an earnings call on Thursday. It generated $1.3

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Guild reports loss in 2023, but market share growth was a silver lining

Housing Wire

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Similar to other major lenders, the purchase-focused Guild — which operates via a distributed retail model — reported a net loss of $39.1

Marketing 417
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NYCB reportedly in talks to transfer mortgage risks amid market pressure

Housing Wire

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. Questions regarding NYCB financials began at the end of January when it reported earnings for fourth-quarter 2023.

Mortgage 434
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Special report: The brokerages gaining or losing market share in Dallas

Housing Wire

That is similar to the iBuyer slowdowns in markets like Jacksonville as the industry segment struggles to gain a foothold. Opendoor , an instant buyer, went big on Dallas in 2021 and 2022. It had more than 700 listings in both years before pulling back sharply with only 166 listings in 2023.

Brokerage 402
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Despite market headwinds, title industry reports strong Q2

Housing Wire

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. Top underwriters by market share for the quarter included First American Title insurance Co.,

Marketing 417
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Fewer buyers were in the market in Q3, borrowers made higher down payments: report

Housing Wire

With housing affordability being challenged in a higher mortgage rate environment, fewer homebuyers jumped into the market in the third quarter. Buyers that did manage to purchase homes made higher down payments as home-price growth remained stubbornly elevated in Q3, according to a new report from LenderLogix.

Buyers 427