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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market. That growth presents an opportunity for reverse mortgages and home equity loans.

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Data valuation transformed: How AVMs can power property valuations for home equity lending

Housing Wire

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5

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Competition for HELOC business heats up as home equity grows

Housing Wire

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. You take out the equity in the home you have and try to get it as close to the home you want. trillion in available equity among U.S.

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Why it’s time to rethink the appraisal default in home equity lending 

Housing Wire

Instead of refinancing, they’re tapping into their equity through home equity loans and HELOC s to finance renovations, cover tuition, or consolidate high-interest debt. The next step is simple: Utilize them earlier in the origination workflow, especially for lower-risk home equity transactions. One outdated holdover?

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ICE: Student debt, negative equity fuel pockets of mortgage risk

Housing Wire

A rise in negative equity and exposure to student debt are creating “pockets of vulnerability” for U.S. That’s according to ICE Mortgage Technology ‘s July 2025 Mortgage Monitor report released on Monday. homeowners. in May, although it is up 16 bps year over year. Department of Veterans Affairs (VA).

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Redwood adds alternative loan products to its home equity platform

Housing Wire

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

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Splitero secures $350M in funding from Blue Owl Capital

Housing Wire

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. trillion in equity, of which $11.2 At the end of third-quarter 2024, U.S. mortgage holders held $17.2