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HELOC

Finance of America expands HomeSafe Second reverse mortgage to three more states

Finance of America, HELOC, Home Equity, HWmember, Mortgage, Retirement, Reverse, Reverse Mortgage Daily /

Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage, […]

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Angel Oak’s Tom Hutchens on new growth path for non-QMs as rates ease

Angel Oak, HELOC, HWmember, LendingLife, Mortgage, Non-QM, Origination, Real Estate Investing /

When mortgage rates stayed higher for longer over the past few years, originators increasingly turned their attention to nonqualified mortgages (non-QMs). But that resurgence may not lose momentum even if rates decline in 2026. “We traditionally have seen nonagency volumes represent about 10% of the mortgage business. If you figure it’s $2 trillion a year

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Better launches bank statement HELOC for small business owners

Better, HELOC, Housing Market, HWmember, Mortgage, Vishal Garg /

Better announced on Wednesday the launch of its Bank Statement home equity line of credit (HELOC) aimed at the 36.2 million small business owners in the United States who often don’t fit within traditional underwriting standards. The new program lets self-employed borrowers access home equity without tax returns, W-2s or profit-and-loss statements. Instead, applicants can

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Fintech Aven raises $110M, expands into mortgage refinancing

HELOC, HWmember, Investors, LendingLife, Mortgage, Refinancing, Technology /

Fintech Aven has raised $110 million in a Series E funding round, expanded into mortgage refinancing and added heavyweight advisers Lawrence Summers and Patrick McHenry to its board, the company announced Tuesday. The San Francisco-based fintech, best known for its home equity-backed credit card, is now valued at $2.2 billion following the round led by Khosla

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Longbridge’s ‘HELOC for Seniors’ is officially on the market

HELOC, HELOCs, Home Equity, HWmember, LendingLife, Longbridge Financial, Mortgage, Reverse, Reverse Mortgage Daily /

Longbridge Financial has officially launched a home equity line of credit (HELOC) program that’s designed for homeowners ages 62 and older, offering approval and funding in as little as five business days.  The move marks an expansion beyond the company’s core reverse mortgage business while staying focused on older borrowers. This demographic collectively holds nearly

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Inside Homebridge’s NFTYDoor: Bringing instant approvals to the HELOC market

HELOC, HELOCs, HomeBridge, HomeBridge Financial Services, Mortgage, Origination, Sponsored /

With homeowners seeking low-cost, flexible ways to tap their equity in today’s high-rate environment, HELOCs have become one of the most attractive loan options on the market. Homebridge Financial Services is seizing that opportunity with NFTYDoor, a fully digital HELOC platform that delivers instant decisions through real-time credit scoring, AVM valuations, automated income and title

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