article thumbnail

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. While Americans sit on approximately $32 trillion in home equity , only 50% of homeowners can tap into that wealth. was the sole-structuring agent for the issuance.

Equity 354
article thumbnail

Opinion: How did homeowners get into home equity prison?

Housing Wire

As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. Stated differently, you are dealing with individuals that may be in an equity prison. It comforts them for a brief moment.

Equity 412
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

Real estate agents need to brace themselves for a shift as we witness a market more reminiscent of previous pandemic years. It’s a delicate balance between interest rates and equity. Real estate agents should keep an eye on new developments and leverage these opportunities to meet the evolving needs of their clients.

Agents 398
article thumbnail

Point, Atalaya Capital close on $141M securitization

Housing Wire

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets.

Closing 326
article thumbnail

Keller Williams adds Diversity, Equity and Inclusion Committee to leadership council

Housing Wire

Last week, Keller Williams ’ International Agent Leadership Council voted unanimously on a motion to amend its belief system and to add an additional committee, as introduced by Kymber Menkiti and John Clidy, co-chairs of the KW National Social Equity Task Force. This mindset should be included in our belief system.”.

Equity 424
article thumbnail

Prioritizing home equity solutions in a rising rate environment

Housing Wire

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. Barry Coffin : It’s a good time to prioritize home equity transactions for a couple of reasons.

Equity 311
article thumbnail

Opinion: Why The new urbanism mindset is potentially big business for real estate agents

Housing Wire

Housing developments, office parks or bunches of retail buildings have sprouted like wildflowers. And I wonder at what point does this nature-wrecking development mindset stop? I know this criticism goes against the grain in real estate thinking; you develop and build all you can wherever you can to succeed and create wealth.

Agents 339