Housing Wire

SEPTEMBER 22, 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). 21, according to Mortgage News Daily.

Equity 382

Equity Marketing Fixed-rate mortgage Finance 382

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 382

Equity Lending Loans Banks 382

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. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

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Equity Marketing Investor Finance 368

Inman

JANUARY 24, 2023

A slate of new companies backed by institutional investors is offering ways for owners to tap home equity. They made their pitch on Tuesday at Inman Connect New York.

Equity 116

Equity Investor Finance Technology 116

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. Prioritizing home equity solutions in a rising rate environment.

Equity 382

Equity Residential Loans Title 382

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. To coincide with the IPO, institutional investors have pledged to make a private investment of $250 million in the company. According to Inside Mortgage Finance, FOA was the 26th largest mortgage originator by volume in 2020.

Finance 377

Finance Closing Investor Mortgages 377

Housing Wire

SEPTEMBER 14, 2021

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.

Equity 265

Equity Mortgages Finance Industrial 265

Housing Wire

FEBRUARY 5, 2024

Under such a scenario, more than half would be homeowners who financed in 2023, with less than 10% coming from 2022-vintage loans. Equity levels Mortgage holders ended 2023 with $16 trillion in equity, the highest year-end total on record, and up $1.6 million to 3.8 trillion, or 11%, compared to the end of 2022.

Debt-to-income ratio 450

Debt-to-income ratio Marketing Equity Loans 450

Housing Wire

FEBRUARY 7, 2024

According to a Bloomberg report, the bank has already started to offer its mortgage assets to investors in order to transfer the portfolio risks. Bloomberg, citing anonymous sources, reported that NYCB has contacted investors to finance a large portfolio of residential mortgages held by Flagstar Bank. It also had $84.3

Mortgages 433

Mortgages Banks Marketing Commercial 433

Housing Wire

NOVEMBER 7, 2023

And yet, it would also undermine the institutions that will need to fill the vacuum, independent mortgage banks, by making it more expensive for banks to provide them financing or a market for their primary asset, mortgage-servicing rights. There is a lot here to unpack, so we’ll take it piece by piece.

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Banks Mortgages Marketing Lending 442

Inman

MARCH 21, 2023

Real estate investors are heading into spring facing the same inventory and interest rate woes that are dampening all of real estate. But sometimes necessity is the mother of invention.

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Housing Wire

AUGUST 31, 2023

New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. The consortium, which includes investors Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff Yass, priced Sculptor at $12.76 per Class A share, an increase of 51 cents from its first proposal.

Investor 393

Investor Equity Closing Finance 393

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors.

Commercial 370

Commercial Lending Finance Title 370

Bigger Pockets

JULY 8, 2023

Choosing between a HELOC vs home equity loan is a big decision. We'll explain the benefits of each to help you make the best choice.

Equity 108

Equity Loans Investor Finance 108

Housing Wire

MAY 3, 2022

Point now says it has raised $170 million in equity capital. WestCap Group , a New York City-based investor, led the funding with existing backers Andreessen Horowitz , Ribbit Capital , mortgage real estate investment trust Redwood Trust and Atalaya Capital Management participating, Point said Tuesday.

Equity 382

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Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 393

Mortgages Equity Loans Seller concession 393

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. Inside Mortgage Finance (IMF) first reported on the topic. But they are not immune to systemic industry shocks.

Banks 370

Banks Lending Finance Investor 370

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector.

Lending 370

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Housing Wire

AUGUST 13, 2021

Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets. And the idea is quickly gaining popularity.

Pre-qualification 404

Pre-qualification Pre-approval Equity Finance 404

Housing Wire

FEBRUARY 4, 2021

After months of uncertainty , CoreLogic announced Thursday that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. The investors dropped their takeover bid on Nov. The investors dropped their takeover bid on Nov.

Lending 450

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Realty Biz

SEPTEMBER 14, 2022

If you’ve ever purchased a home, you’re probably familiar with the term “equity” and what it means. When it comes to buying a house, your down payment is the initial equity you have in the property. The rest is financed through your loan with a bank, which you slowly pay off over time. . How Does Preferred Equity Work?

Equity 93

Equity Commercial Investor Finance 93

Housing Wire

APRIL 19, 2022

At an investor conference last fall, Redwood Trust Inc. The Mill Valley, California-based REIT operates as a specialty finance house that invests in, acquires and securitizes residential loans. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As

Equity 382

Equity Technology Investor Residential 382

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Finance 414

Finance Principal Residential Development 414

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 442

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Housing Wire

JANUARY 5, 2023

Interest rate stability offers the best environment for MBS performance, and inflation reduces the demand that investors have for mortgage-backed bonds. This, in turn, led to a drop in collateral that was available to support securitizations in both the agency and non-agency secondary markets. RMBS at DBRS Morningstar said in a report.

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Bigger Pockets

SEPTEMBER 27, 2023

Investors can use a HELOC to draw from the equity in their property to obtain capital for another investment. Here's how it all works.

Equity 116

Equity Investor Finance Mortgages 116

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage. To date, LoanSnap has originated about $7.3

Due diligence 442

Due diligence Mortgages Equity Loans 442

Housing Wire

MARCH 28, 2024

of the company and there were no outside investors. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. It was not immediately clear whether NEXA plans to replace Grella or who would take on his responsibilities at the company. Kortas told HousingWire that he owns 50.5% NEXA did $6.29

Mortgages 433

Mortgages Brokerage Loan Officer Lending 433

Housing Wire

APRIL 14, 2023

The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. As buyers wanted to find the perfect property, before interest rates rose, they were willing to offer all cash to sellers so their offer was not contingent on financing.

Investor 424

Investor Equity New Construction Mortgages 424

Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . Shared equity financing.

Finance 106

Finance VA loan FHA loan Agents 106

Housing Wire

SEPTEMBER 7, 2022

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. “With our crypto refinance, they can benefit from having access to their home equity when attractive investment opportunities come up.”

Mortgages 424

Mortgages Equity Loans Finance 424

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. Are home equity investments the answer?

Equity 441

Equity Investor Residential Finance 441

Housing Wire

APRIL 28, 2022

While digital asset investment has skyrocketed, many investors are still unable to use their cryptocurrency holdings to directly fund the most important purchases in life, like property,” Bill Barhydt, Abra’s CEO, said in a statement. . The Abra Borrow platform allows customers to use crypto as collateral to borrow U.S.

Mortgages 382

Mortgages Equity Technology Investor 382

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Various mortgage finance innovations facilitated larger loans at the same monthly payment to keep up with growing home values – which is one reason why house prices kept going up.

Debt-to-income ratio 382

Debt-to-income ratio Equity Pre-approval Finance 382

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Loans 372

Loans Finance Residential Investor 372

Housing Wire

APRIL 22, 2021

ESG stands for environmental, social and governance — three categories of non-financial disclosures that consumers and investors are increasingly interested in. Johnson said that investors are drawn to the program because of its third-party validation. but are well-established in Europe. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 413

Fixed-rate mortgage Finance Investor Loans 413

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. But Interfirst’s tech bend has undoubtedly attracted some sophisticated investors.

Mortgages 397

Mortgages Investor Loan Officer Principal 397