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HomeLight buys cash-offer fintech Accept.inc

HomeLight buys cash-offer fintech Accept.inc

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HomeLight buys cash-offer fintech Accept.inc
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HomeLight buys cash-offer fintech Accept.inc
HomeLight buys cash-offer fintech Accept.inc
HomeLight buys cash-offer fintech Accept.inc
HomeLight buys cash-offer fintech Accept.inc
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
HomeLight has agreed to acquire Accept.inc, a fintech lender specializing in cash-offer equivalent products.The acquiring company, a real estate technology firm with a pre-existing cash-offer financing operation, did not disclose the exact terms of the all-stock deal.The majority of the Accept.inc team will take on new roles within HomeLight as the two operations are combined, HomeLight CEO Drew Uher said in an emailed response to questions.“With this acquisition, HomeLight is now not only th...
HomeLight has agreed to acquire Accept.inc, a fintech lender specializing in cash-offer equivalent products.The acquiring company, a real estate technology firm with a pre-existing cash-offer financing operation, did not disclose the exact terms of the all-stock deal.The majority of the Accept.inc team will take on new roles within HomeLight as the two operations are combined, HomeLight CEO Drew Uher said in an emailed response to questions.“With this acquisition, HomeLight is now not only th...
Homepoint partners with Accept.Inc to launch cash offer product
Homepoint partners with Accept.Inc to launch cash offer product
Homepoint partners with Accept.Inc to launch cash offer product
Homepoint partners with Accept.Inc to launch cash offer product
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
The offering touts closings in as few as 10 days and allows homebuyers to compete with deep-pocketed investors and iBuyers.
The offering touts closings in as few as 10 days and allows homebuyers to compete with deep-pocketed investors and iBuyers.
Proptech HomeLight raises $115 million, acquires Accept.inc
Proptech HomeLight raises $115 million, acquires Accept.inc
Proptech HomeLight raises $115 million, acquires Accept.inc
Proptech HomeLight raises $115 million, acquires Accept.inc
housingwire housingwire | 1 year ago
Proptech HomeLight raised $115 million in capital and acquired Accept.inc., despite a challenging mortgage market. The post Proptech HomeLight raises $115 million, acquires Accept.inc appeared first on HousingWire.
Proptech HomeLight raised $115 million in capital and acquired Accept.inc., despite a challenging mortgage market. The post Proptech HomeLight raises $115 million, acquires Accept.inc appeared first on HousingWire.
Household Debt Rises While Mortgage Originations Decline
Household Debt Rises While Mortgage Originations Decline
Household Debt Rises While Mortgage Originations Decline
Household Debt Rises While Mortgage Originations Decline
nationalmortgageprofessional nationalmortgageprof... | 1 year ago
Mortgage debt is rising despite the fact that mortgage originations for refinances and purchases are trending downward. The Federal Reserve Bank of New York's quarterly household debt report shows an increase in household debt of $266 billion (1.7%) to $15.84 trillion for the first quarter of 2022. But new loan originations – both for home purchases and refinancing of existing mortgages – fell to $859 billion, the lowest since the second quarter of 2020. 
Mortgage debt is rising despite the fact that mortgage originations for refinances and purchases are trending downward. The Federal Reserve Bank of New York's quarterly household debt report shows an increase in household debt of $266 billion (1.7%) to $15.84 trillion for the first quarter of 2022. But new loan originations – both for home purchases and refinancing of existing mortgages – fell to $859 billion, the lowest since the second quarter of 2020. 
Scottsdale firm HomeLight acquires Denver fintech lender, raises another $115M
Scottsdale firm HomeLight acquires Denver fintech lender, raises another $115M
Scottsdale firm HomeLight acquires Denver fintech lender, raises another $115M
Scottsdale firm HomeLight acquires Denver fintech lender, raises another $115M
bizjournals bizjournals | 1 year ago
Scottsdale-based real estate proptech company HomeLight has entered into an agreement to acquire Accept.inc, a Denver-based fintech lender that gives homebuyers a way to submit all-cash offers on a home. With this all-stock transaction, HomeLight will become the largest agent-focused cash offer program in the country, with $3 billion in referred transaction volume during the first quarter of 2022 alone, said Drew Uher, founder and CEO of HomeLight. The deal is expected to close by the end of t...
Scottsdale-based real estate proptech company HomeLight has entered into an agreement to acquire Accept.inc, a Denver-based fintech lender that gives homebuyers a way to submit all-cash offers on a home. With this all-stock transaction, HomeLight will become the largest agent-focused cash offer program in the country, with $3 billion in referred transaction volume during the first quarter of 2022 alone, said Drew Uher, founder and CEO of HomeLight. The deal is expected to close by the end of t...
Can/Should Mortgage Originations & Servicing Merge Into One?
Can/Should Mortgage Originations & Servicing Merge Into One?
Can/Should Mortgage Originations & Servicing Merge Into One?
Can/Should Mortgage Originations & Servicing Merge Into One?
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
PrimeLending and Waterstone buck mortgage originations trend
PrimeLending and Waterstone buck mortgage originations trend
PrimeLending and Waterstone buck mortgage originations trend
PrimeLending and Waterstone buck mortgage originations trend
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
A pair of bank holding companies with significant mortgage operations bucked second quarter industry trends by reporting increased volume from the first three months of the year.But gain on sale at both fell by more than one percentage point on a year-over-year basis.Second quarter originations at Wells Fargo, JPMorgan Chase, U.S. Bank and PNC were down an average of 11% on a quarter-to-quarter basis, worse than the 2% to 8% economists had forecast for the mortgage industry, a Keefe, Bruyette &...
A pair of bank holding companies with significant mortgage operations bucked second quarter industry trends by reporting increased volume from the first three months of the year.But gain on sale at both fell by more than one percentage point on a year-over-year basis.Second quarter originations at Wells Fargo, JPMorgan Chase, U.S. Bank and PNC were down an average of 11% on a quarter-to-quarter basis, worse than the 2% to 8% economists had forecast for the mortgage industry, a Keefe, Bruyette &...
Denver fintech lender will expand nationwide services after being acquired
Denver fintech lender will expand nationwide services after being acquired
Denver fintech lender will expand nationwide services after being acquired
Denver fintech lender will expand nationwide services after being acquired
bizjournals bizjournals | 1 year ago
Arizona-based real estate property technology company HomeLight has entered into an agreement to acquire Accept.inc, a Denver-based fintech lender that gives homebuyers a way to submit all-cash offers on a home. With this all-stock transaction, HomeLight will become the largest agent-focused cash offer program in the country, with $3 billion in referred transaction volume during the first quarter of 2022 alone, said Drew Uher, founder and CEO of HomeLight. The deal is expected to close by the ...
Arizona-based real estate property technology company HomeLight has entered into an agreement to acquire Accept.inc, a Denver-based fintech lender that gives homebuyers a way to submit all-cash offers on a home. With this all-stock transaction, HomeLight will become the largest agent-focused cash offer program in the country, with $3 billion in referred transaction volume during the first quarter of 2022 alone, said Drew Uher, founder and CEO of HomeLight. The deal is expected to close by the ...
FHFA opens fintech office and seeks feedback on mortgage fintech
FHFA opens fintech office and seeks feedback on mortgage fintech
FHFA opens fintech office and seeks feedback on mortgage fintech
FHFA opens fintech office and seeks feedback on mortgage fintech
housingwire housingwire | 1 year ago
The FHFA this week launched a new Office of Financial Technology, which it said will be the main point of contact for fintech matters. The post FHFA opens fintech office and seeks feedback on mortgage fintech appeared first on HousingWire.
The FHFA this week launched a new Office of Financial Technology, which it said will be the main point of contact for fintech matters. The post FHFA opens fintech office and seeks feedback on mortgage fintech appeared first on HousingWire.
Mortgage originations could sink more than expected
Mortgage originations could sink more than expected
Mortgage originations could sink more than expected
Mortgage originations could sink more than expected
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
The year-to-date drop-off in mortgage originations exceeded Fitch Ratings expectations, indicating a larger decline is likely than either the Mortgage Bankers Association or Fannie Mae predicted.When combined with lagging reduction in capacity, it will create pressure on earnings at the nonbank lenders Fitch covers. Other factors include: continued monetary policy tightening; the Federal Reserve’s tapering of mortgage-backed security purchases; housing inventory deficits; and sustained double...
The year-to-date drop-off in mortgage originations exceeded Fitch Ratings expectations, indicating a larger decline is likely than either the Mortgage Bankers Association or Fannie Mae predicted.When combined with lagging reduction in capacity, it will create pressure on earnings at the nonbank lenders Fitch covers. Other factors include: continued monetary policy tightening; the Federal Reserve’s tapering of mortgage-backed security purchases; housing inventory deficits; and sustained double...