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Housing Wire
AUGUST 25, 2022
Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Despite downturns in the mortgage origination market, Americans’ tappable home equity surged to a historic-high of $27.8
Housing Wire
SEPTEMBER 21, 2022
New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs).
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Housing Wire
AUGUST 3, 2022
Home equity climbed to a historic high of $11.5 trillion in the second quarter, but it could be nearing its peak as major equity-rich markets on the West Coast begin to show signs of decline. While homeowners saw home equity rise, the pace of growth slowed, especially on the West Coast.
Housing Wire
JUNE 9, 2022
A recently published CoreLogic report found homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% According to the data vendor, the collective equity gain was $3.8 of all mortgage properties — were in negative equity, CoreLogic found.
Housing Wire
JULY 12, 2022
San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia.
Housing Wire
SEPTEMBER 23, 2021
trillion in equity in the second quarter of 2021, a 29.3% The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO). In addition, the national aggregate value of negative equity decreased $18.9
Housing Wire
AUGUST 1, 2022
Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Rocket is targeting American homeowners with high household debt and credit card balances but strong home equity positions. .
Housing Wire
AUGUST 22, 2022
Mortgage startup NFTYDoor plans to launch a home equity platform, promising borrowers “a one-minute online application and funding in as little as three days.” homeowner had $216,900 in tappable equity, up 5% from the first quarter and 25% year over year.
Housing Wire
JULY 14, 2022
Palo Alto, California-based fintech Point , which offers home-equity investment (HEI) contracts to homeowners, is expanding its services into Nevada and Ohio. The vast majority of homeowners in both states have tappable equity and are sitting on an incredible amount of wealth in their homes.
Housing Wire
MAY 3, 2022
Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap. Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.
Housing Wire
AUGUST 5, 2022
Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Record levels of home equity. Adam Boyd of Head of Home Equity Lending at Citizens Bank.
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Housing Wire
SEPTEMBER 21, 2020
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%
Housing Wire
OCTOBER 12, 2021
Part of that vision included finding ways to tap into the nation’s multitrillion-dollar pool of home equity. That is done via what is called a home-equity investment contract, or an HEI. The post Redwood Trust plants flag in the massive home equity market appeared first on HousingWire.
Housing Wire
SEPTEMBER 7, 2021
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.
Keeping Current Matters
JULY 6, 2022
It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. For Sellers Move-Up Buyers Pricing Content Hub
Housing Wire
APRIL 27, 2021
“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.
Housing Wire
MARCH 9, 2021
The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%.
Housing Wire
APRIL 8, 2021
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
Housing Wire
NOVEMBER 23, 2021
As home equity reached another record high this year, mortgage companies have a big opportunity to help homeowners understand how to better manage or leverage their home’s equity to improve their housing and overall financial outlook. Use home equity to raise home value.
Housing Wire
SEPTEMBER 1, 2022
Rocket Pro TPO is diversifying its product portfolio by offering home equity loans to brokers by mid-September amid increased competition in the wholesale channel. The amount of tappable home equity nationally hit $11.5
Keeping Current Matters
NOVEMBER 22, 2021
Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic , homeowners gained an average of $51,500 in equity over the past year.
Housing Wire
MARCH 14, 2022
The post Cash-out refis starting to slow despite equity gains appeared first on HousingWire. Home Equity Mortgage Origination Black Knight cash-out loans REFI INCENTIVE refinance Refinancing
The Mortgage Report
AUGUST 24, 2021
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.
Housing Wire
JULY 28, 2021
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.
Housing Wire
SEPTEMBER 7, 2021
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.
Housing Wire
AUGUST 25, 2022
Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. To learn more about using AVMs in the home equity process, visit corelogic.com.
Housing Wire
NOVEMBER 16, 2021
Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Learn about the tools lenders should leverage to streamline home equity title and closing.
Housing Wire
DECEMBER 7, 2021
Record home price appreciation in recent years has pushed tappable home equity to new heights. According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion dollar increase in tappable equity—a record.
Housing Wire
FEBRUARY 7, 2022
San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. We [the shared home-equity industry] are not a multi-trillion market.
Keeping Current Matters
DECEMBER 17, 2020
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.
Housing Wire
JULY 7, 2022
Can Fannie Mae ’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? Another cornerstone of Fannie Mae’s equity plan is the use of targeted lending programs.
Keeping Current Matters
SEPTEMBER 30, 2021
This boost to your wealth comes in the form of equity. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. This is giving homeowners a significant equity boost. That equity can take you places.
Housing Wire
APRIL 15, 2022
announced this week that it has committed $210 million to advance racial equity in homeownership in the United States, following a Bloomberg investigation that found the bank approved fewer than half of Black applicants for a home refinancing in 2020.
Housing Wire
JULY 8, 2022
Despite the growing appetite for SFR investments, institutional equity ownership in the overall SFR market today is still estimated at only around 2%,” a market insight report from MetLife Investment Management (MIM) states. Private equity, single-family rentals and America’s neighborhoods.”.
Keeping Current Matters
OCTOBER 26, 2020
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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