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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 372
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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Following an announcement that the U.S.

VA loan 363
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HUD issues $13.5M in affordable housing grants

Housing Wire

Announced by Marion McFadden, HUD principal assistant secretary for community planning, at a Habitat for Humanity event in Nashville, the $13.5 million in “sweat equity grants” will go to support four nonprofit housing providers. million in “sweat equity grants” will go to support four nonprofit housing providers.

Equity 278
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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. For non-borrowing spouses , the results were a bit more mixed.

Loans 310
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What Is Home Equity and How Can I Use Mine in 2022?

HomeLight

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 105
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Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors

Realty Biz

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

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Opinion: The Fed broke the banks. What’s next for mortgage?

Housing Wire

Today, refinances (including cash-out home equity loans) have slowed to a 22-year low of approximately 10% of current loans originated. It is often said that the Fed raises interest rates until something breaks. Additionally, the Case-Schiller National Home Price Index has shown declines every month since June 2022. trillion in 2023.

Banks 359