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Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. homeowners saw home equity increase 1.7%

Equity 421
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What a tech entrepreneur has discovered about reverse mortgages

Housing Wire

Some customers she spoke to explained that after looking at the origination fee structure and the mortgage insurance premium, a home equity line of credit seemed more beneficial to them. Certain customers also reported a prolonged origination process, which is partially driven by underwriting guidelines and counseling. reverse mortgage space.

Mortgages 458
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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Our role in housing finance brings important responsibilities.”.

Equity 384
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AAG Survey: 92% of Seniors Want to Age in Place, Majority See the Home as ‘Most Valuable Asset’

Housing Wire

When asked if they had paid off their mortgage and are living in a free-and-clear home, 55% of respondents answered affirmatively, though a minority of respondents – 40% – indicated that they would entertain the prospect of drawing on their home’s equity if it could eliminate a monthly mortgage payment.

Equity 421
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Reverse mortgage industry courts financial planners

Housing Wire

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. A couple of things.

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Point, Redwood Trust issue $139M home equity investment securitization

Housing Wire

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The rating agency, which was the first to provide a rating for the asset class, published a new methodology for HEIs in July 2023. Nomura Securities International Inc.

Equity 410
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Four secrets to mastering client retention

Housing Wire

For example, when you’re just starting out in real estate, you’ll need to put in sweat equity. Develop a methodology to keep and nurture clients. Like any other aspect of your business, you need to set goals directly related to this objective in order to hold yourself accountable. Real estate is ultimately a personal business.

Agents 284