Borrowers withdrew $63B in equity in Q2

Housing Wire

Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight , the most in a single quarter in nearly 15 years. There is still $9 trillion in tappable equity, a 37% increase year-over-year.

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FHFA requires GSEs to submit annual equity plans

Housing Wire

The Federal Housing Finance Agency (FHFA) will require the government sponsored enterprises to submit annual plans to advance equity in housing finance for the next three years. “This is a major step in bringing more equity to the housing finance industry,” said Fudge.

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Homeowners gain over $620 billion in equity in second quarter

Housing Wire

year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic. homeowners with mortgages witnessed a 6.6%

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Community, building equity important for young homebuyers

Housing Wire

“Nearly half — 46% — said that building equity is now more important than ever. ” The post Community, building equity important for young homebuyers appeared first on HousingWire.

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Blend launches housing equity program

Housing Wire

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. The post Blend launches housing equity program appeared first on HousingWire.

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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. A foreclosure sale usually represents the last chance for a distressed homeowner to benefit from any equity in a property being foreclosed,” said Ali Haralson , Auction.com president. “If

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U.S. homeowners have $153K “tappable” home equity on average

The Mortgage Report

American homeowners have never before had so much home equity. But how do you take equity out of your home? And should you? Learn more here.

FHFA’s equity plan: Too much or not enough?

Housing Wire

The day after Labor Day, the nation’s top housing regulator announced that its regulated entities, which control half the nation’s $11 trillion housing market, would have to come up with plans to address racial equity. The post FHFA’s equity plan: Too much or not enough?

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Private equity shop Lovell Minnick acquires UniversalCIS

Housing Wire

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS.

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Tax & flood vendor Lereta acquired by private equity firms

Housing Wire

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week.

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Alt equity firm Point says it won’t abandon reverse mortgage space

Housing Wire

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. Point’s primary product offering is a home equity investment, which centers on the sale of a small fraction of a customer’s home equity, typically in the range between 5-10% of the home’s current value.

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Freddie Mac’s Pam Perry: Addressing racial equity in housing

Housing Wire

The post Freddie Mac’s Pam Perry: Addressing racial equity in housing appeared first on HousingWire. It was a sunny and extremely humid Thursday morning.

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Freddie Mac appoints new team to address housing equity

Housing Wire

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. The post Freddie Mac appoints new team to address housing equity appeared first on HousingWire.

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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.

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Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. The post Cash offer startup Accept.inc raises 90M in debt and equity appeared first on HousingWire.

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What is home equity and how can you use it?

The Mortgage Report

What is home equity and how does it work? Learn how to calculate your home equity and how having equity can benefit you.

Homeowner Wealth Increases Through Growing Equity This Year

Keeping Current Matters

But home equity – the difference between the value of your home and what you currently owe – isn’t just built through your monthly principal payments. Home price appreciation plays a vital role in growing your equity and, ultimately, your wealth. homeowner equity has reached nearly $1.9

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Homeowner Equity Increases an Astonishing $1 Trillion

Keeping Current Matters

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: S.

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The Ins and Outs of Home Equity

American Lifestyle

The post The Ins and Outs of Home Equity appeared first on American Lifestyle Magazine. Buying & Selling Your First House Equity Home Loan Home Value Mortgage Real Estate Tips

What’s the best way to use home equity? (Podcast)

The Mortgage Report

homeowners are equity-rich. As home values rise, so do equity levels. Learn about the 4 best ways to use home equity. Home Equity Homeownership TopicsMany U.S.

Two Important Impacts of Home Equity

Keeping Current Matters

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic , the average homeowner gained $9,800 in equity over the past year. With prices going up, equity gains will also keep accelerating.

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Americans cashing out as home equity hits record $9.1 trillion

Inman

Mortgage cash-out refi cash-out refinacing cash-out refinance forbearance foreclosure home equity mortgage refinancingRise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic.

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Home Values, Owners’ Equity Rise in 2Q20

Eye on Housing

Read More › The post Home Values, Owners’ Equity Rise in 2Q20 first appeared on Eye On Housing. Economics coronavirus COVID-19 financial accounts of the united states flow of funds home equity home equity lines of credit home equity loans

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Building a business that prioritizes diversity, inclusion, equity, and belonging

Inman

Agent Leading in Luxury Sponsored Sponsored Sections and belonging Building a business that prioritizes diversity diversity diversity equity inclusion equity gay agents inclusion inclusivity LGBTQ luxury real estate

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CoStar and private equity group battle for CoreLogic

Housing Wire

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet.

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US home equity levels rose in Q3

Inman

Equity-rich properties made up about 28.3 percent of mortgaged homes in the U.S. during the third quarter, up from 26.7 percent the previous year.

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RealPage acquired by equity firm

Inman

Industry News News Brief Property Portfolio Rentals Select apartment Buildium investment Private Equity property management property portfolio real estate Real Page realpage rentals stratis iot Thoma BravoThe all-cash deal will value RealPage at more than $10 billion.

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Diversity, equity and inclusion: A multifaceted approach

Inman

Agent Sponsored DEI discrimination diversity equity and inclusion: A multifaceted approach fair housing inclusivity John L.

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Rapid home equity growth calms foreclosure crisis fears

Realty Biz

It may sound like a large number, but the prospect of a foreclosure crisis is looking increasingly unlikely thanks to a sharp rise in home prices that has seen homeowner equity grow significantly since one year ago.

The Importance of Home Equity in Building Wealth

Keeping Current Matters

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”.

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Factors That Affect Home Equity

American Lifestyle

The post Factors That Affect Home Equity appeared first on American Lifestyle Magazine. Buying & Selling Equity Finance Financial Advice Home Advice Home Buying Home Loan Mortgage Real Estate Real Estate Agent Refinancing

What Are Home Equity Loans Used For?

Realty Biz

The home equity loan, in particular, uses equity—the value of your home minus the mortgage to give you the much-needed funds for certain expenses. Uses of Home Equity Loans. Home equity loans can fund home improvements while increasing the value of your home.

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How to give and receive a gift of equity: Rules and process

The Mortgage Report

A gift of equity can be a huge help when buying a home. Buying a home Essential Mortgage Miscellany Mortgage Strategy Tax Law For Mortgages appraised value fannie mae gift of equity fha gift of equity Gift Letter gift of equity gift of equity letter gift of equity tax gift tax market value

What the real estate industry must do now to drive equity in housing

The American Genius for Real Estate

(REAL ESTATE) While some folks remain complacent, and others digest the causes, these industry experts are focused on what actions will improve equity in housing. The post What the real estate industry must do now to drive equity in housing appeared first on The American Genius Real Estate.

ATTOM: Surging Home Equity Indicator of Healthy Housing Market

RIS Media

Home Equity & Underwater Report shows that 34.4% were considered equity-rich in the second quarter—this means the combined estimated amount of loans secured by those properties was no more than 50% of their estimated market value. ATTOM’s latest U.S.