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Equity Related Topics 
Housing Wire
MAY 12, 2022
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%
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.
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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
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.
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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
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.
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
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
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
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
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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.
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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
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 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
MAY 23, 2022
HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. A lot of lenders haven’t spent much money on technology for home equity processes.
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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
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
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.
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.
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
JANUARY 11, 2022
The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Founded in 2007, Corte Madera-based Bay Equity originated a volume at $8.5
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.
The Mortgage Report
SEPTEMBER 22, 2021
When you want to pull cash from your home, you'll need to decide between a home equity loan vs. mortgage. Here's how to choose wisely.
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.
Keeping Current Matters
JUNE 23, 2021
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
Housing Wire
OCTOBER 29, 2021
The resurgence of alternative home equity tapping companies in the past few years has been of interest to the reverse mortgage industry due to the potential that business has to compete for seniors’ business. Seniors’ response to alternative equity tapping since COVID-19 onset.
The Mortgage Report
MARCH 10, 2021
What is home equity and how does it work? Learn how to calculate your home equity and how having equity can benefit you.
Eye on Housing
SEPTEMBER 21, 2020
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
Realty Biz
SEPTEMBER 25, 2021
Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). Your equity increases in two ways. Second, your equity increases as the market value that you can sell it for increases.
Keeping Current Matters
DECEMBER 21, 2021
But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters. For a homeowner, your equity is the current value of your home minus what you owe on the loan.
Housing Wire
MARCH 17, 2021
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.
Housing Wire
APRIL 14, 2022
Federal agencies committed to further racial equity through new equity action plans, but for housing, the action plan is light on new action. Biden made racial equity a formal administration priority the same day he took office. President Joseph Biden.
RIS Media
APRIL 20, 2022
Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. Bay Equity will maintain its headquarters in Corte Madera, California.
Housing Wire
SEPTEMBER 18, 2020
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.
Housing Wire
FEBRUARY 10, 2021
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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