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Home equity is the bright gem of the housing market

Housing Wire

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 366
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Weaker economy, inflation caused mortgage delinquency uptick in Q4

Housing Wire

For the past 15 years, mortgage delinquencies have tracked very closely with employment conditions, Marina Walsh, MBA’s vice president of industry analysis, noted. By stage, the 30-day delinquency rate increased 26 bps to 1.92% from the previous quarter. by the end of 2023. trillion — a 13% decline — over the past two quarters.

Mortgages 406
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MISMO to launch working group to create eHELOC standards

Housing Wire

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call. Overall, HELOCS accounted for 20.7%

Equity 302
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FinLocker and Milestones join forces in new partnership

Housing Wire

The aim of this partnership is to help convert the Finlocker leads into closings by guiding consumers through Milestones’ “ homebuyer hubs.” FinLocker and Milestones offer a multitude of useful tools that can benefit homebuyers during the pre and post-transaction stages, the companies said.

Staging 386
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Mortgage delinquencies inch up in Q3 as job market cools: MBA

Housing Wire

The increase was driven entirely by a rise in earliest-stage delinquencies – those 30-days and 60-days past due. Later-stage delinquencies – those 90 days or more past due – declined to the lowest level since the first quarter of 2020,” Marina Walsh, MBA’s vice president of industry analysis, said in a news release.

Mortgages 364
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Bridge Loans in Dallas: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Bridge loans rely on equity in your current home. When is a bridge loan a good solution?

Equity 95
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Bridge Loans in Atlanta: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. This type of loan leverages the equity in your existing home, providing you with the necessary funds for a down payment and to cover the closing costs of your new property.

Equity 97