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Splitero raises $12M to expand home equity investment operations

Housing Wire

San Diego, California-based startup Splitero , which is focused on home equity investments (HEI), has raised about $12 million in a Series A funding round to expand its operations. . Home equity products have become more popular due to surging house prices in the U.S.

Equity 321
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Blend releases new home equity software solution

Housing Wire

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

Equity 338
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Hot home-equity market fueling securitization deals

Housing Wire

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).

Equity 321
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Home equity loan vs. HELOC – What’s the difference?

Housing Wire

While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. What is a home equity loan? Typically, a home equity loan amount can be 80-90% of the property’s appraised value.

Equity 420
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Home equity skyrocketed during the first quarter of 2022

Housing Wire

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.

Equity 386
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Homeowners gain $2.9 trillion in equity in Q2 2021

Housing Wire

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

Equity 428
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Shared-equity fintech Unison expands Midwest operations

Housing Wire

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.

Equity 291
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Almost 45% of homeowners are now equity rich

Housing Wire

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. The portion of mortgaged homes that were equity rich rose from 41.9%

Equity 386
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The Truth About Negative Home Equity Headlines

Keeping Current Matters

Home equity has been a hot topic in real estate news lately. For Sellers Housing Market Updates Selling Myths Content Hub

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Rocket gets into home equity game, joining rival nonbanks

Housing Wire

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. .

Equity 329
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Fractional home-equity lender Point raises $115 million 

Housing Wire

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.

Equity 360
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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%

Equity 407
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Shared-equity firm Point expands into 2 more states

Housing Wire

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.

Equity 309
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Redwood Trust plants flag in the massive home equity market

Housing Wire

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.

Equity 321
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Homepoint dives into HELOCs as home equity levels remain high

Housing Wire

Despite increased competition, wholesale lender Homepoint has rolled out a new home equity line of credit (HELOC) product. The goal is to court more brokers at a time when home equity levels remain high. . While equity among mortgaged homes dropped by about $1.5

Equity 290
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Startup NFTYDoor launches home equity platform with one-minute application

Housing Wire

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.

Equity 293
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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.

Equity 376
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Opinion: seven things to look for in a home equity partner

Housing Wire

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8

Equity 326
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Opinion: The not-so-surprising resurgence of home equity lending

Housing Wire

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.

Equity 334
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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.

Equity 391
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Equity jumps for Black homeowners, but problems remain

Housing Wire

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%.

Equity 396
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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

Equity 366
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Trillions in equity vanished from the housing market in the third quarter

Housing Wire

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. Equity among mortgaged homes dropped by about $1.5

Equity 295
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How to help homeowners make the most of home equity

Housing Wire

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.

Equity 363
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How Your Equity Can Grow over Time

Keeping Current Matters

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

Equity 206
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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.

Equity 351
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Cash-out refis starting to slow despite equity gains

Housing Wire

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

Equity 337
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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.

Equity 100
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4 Ways Homeowners Can Use Their Equity

Keeping Current Matters

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.

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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.

Equity 342
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How can lenders reduce costs in the home equity space?

Housing Wire

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. Paul Harris : Home equity lending can look different for many reasons.

Equity 333
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Bond investor PIMCO bets on home-equity market

Housing Wire

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.

Equity 311
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3 Ways You Can Use Your Home Equity

Keeping Current Matters

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments.

Equity 184
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Cash-out refis are in high demand as equity levels skyrocket

Housing Wire

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.

Equity 381
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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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