Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 421

Equity Purchase and sale agreement Marketing Lending 421

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 441

Equity Purchase and sale agreement Loans Mortgages 441

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investor 420

Investor As-is Commercial Equity 420

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 421

Investor Bankruptcy Finance Equity 421

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers.

Equity 396

Equity Mortgages Banks Commercial 396

Inman

OCTOBER 6, 2023

DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home.

Equity 176

Equity Investor Loans Technology 176

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. The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. Point raised about $30.4

Equity 431

Equity Investor Loans Residential 431

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 384

Equity Lending Loans Banks 384

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. Several of MAXEX’s existing investors, including J.P. Terms of the transaction were not disclosed.

Equity 368

Equity Land Investor Loans 368

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 384

Equity Marketing Fixed-rate mortgage Finance 384

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 381

Equity Residential Loans Title 381

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

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.

Equity 358

Equity Marketing Investor Finance 358

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. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 466

Equity Purchase and sale agreement Loan Officer Lending 466

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 159

Equity Investor Finance Technology 159

Housing Wire

OCTOBER 12, 2021

Redwood Trust CEO Christopher Abate laid out a bold vision of growth for the real estate investment trust at an investor conference in New York City last month. Part of that vision included finding ways to tap into the nation’s multitrillion-dollar pool of home equity. Exclusive access to the HW+ Slack community and virtual events.

Equity 384

Equity Marketing Loans Investor 384

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 Finding Nonexistent Equity.

Equity 432

Equity Short sale MLS Sales 432

GeekEstate

FEBRUARY 1, 2024

Today’s showcase: Equity Angels] Co-founded by Katherine Winston and Kenya Burrell-VanWormer , Equity Angels is a new accelerator “that will provide professional mentorship, fractional executives and fundraising preparation for companies started by entrepreneurs from diverse demographics,” according to Inman News.

Equity 117

Equity Investor 117

Housing Wire

MARCH 20, 2024

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week. JP Morgan Chase & Co. and Jefferies Financial Group Inc. — to take its lending division, LendCo , public.

Lending 419

Lending Equity Technology Banks 419

Housing Wire

JANUARY 22, 2021

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. The investors dropped their takeover bid on Nov. The investors dropped their takeover bid on Nov.

Equity 383

Equity Bankruptcy Investor Commercial 383

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets.

Equity 393

Equity Proof of funds Pre-approval Investor 393

RIS Media

JANUARY 22, 2024

Equity Angels, an organization dedicated to advancing diversity in technology startups, has launched with fractional executive solutions and accelerator programs for early-stage fintech and proptech companies.

Equity 112

Equity Staging Technology Investor 112

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 366

Investor Sales Mortgages Loan Officer 366

Bigger Pockets

APRIL 8, 2024

Many investors assume that ownership is inherently safer than debt. I currently own equity in thousands of units and have invested six figures in real estate debts. I can tell […]

Equity 98

Equity Investor 98

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 227

Equity Mortgages Finance Industrial 227

Housing Wire

FEBRUARY 28, 2024

Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Debt-to-income ratio 427

Debt-to-income ratio Mortgages Banks Investor 427

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 106

Equity Loans Investor Finance 106

Housing Wire

MARCH 27, 2024

Securities and Exchange Commission (SEC) regarding the proposed initial public offering of its equity securities. The deal was scrapped due to higher interest rates and rising redemption rates, which point to how many investors are exchanging their shares to get their money back. after four years.

Technology 441

Technology Lending Equity Investor 441

GeekEstate

JULY 27, 2022

Equity crowdfunding is one of the capital options that startup founders consider. Motivo Media recently put out a documentary with experts breaking down equity crowdfunding and debating how regulators can most effectively foster innovation while preserving investor safety in the space. Make sure you understand the topic.

Equity 116

Equity Investor 116

Housing Wire

APRIL 25, 2024

Some of these all-cash buyers are investors, but the majority are repeat homebuyers who are able to roll equity from a home sale into their next purchase. “First-time homebuyers are having the hardest time,” Bright MLS chief economist Lisa Sturtevant said in a statement.

Sales 400

Sales MLS Equity Investor 400

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 114

Equity Investor Finance Mortgages 114

Housing Wire

FEBRUARY 5, 2024

Equity levels Mortgage holders ended 2023 with $16 trillion in equity, the highest year-end total on record, and up $1.6 The average mortgage holder now has $299,000 in equity, up from $274,000 at the end of 2022. trillion, or 11%, compared to the end of 2022.

Debt-to-income ratio 458

Debt-to-income ratio Marketing Equity Loans 458

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 441

Mortgages Brokerage Loan Officer Lending 441

Housing Wire

FEBRUARY 15, 2024

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. So we’ll look for him to leverage his relationships into access to investors. Shant has an incredible network. We have a $25 million open series A funding round right now.

Loan Officer 405

Loan Officer Commercial Investor Banks 405

Real Estate News

AUGUST 1, 2023

High interest rates and economic uncertainty have made home equity lines of credit costlier and more precarious.

Investor 183

Investor Equity 183

Housing Wire

JULY 12, 2023

The collaboration with several of the country’s top independent mortgage banks is aimed at getting Figure’s home equity line of credit ( HELOC ) products in front of homeowners who have seen equity grow in recent years. Figure recently eclipsed over $6 billion in HELOC originations, the company said.

Equity 366

Equity Lending Technology Loans 366

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. Some of the investors will have preferred equity — a financing solution that provides an opportunity to leverage more capital.

Equity 93

Equity Commercial Investor Finance 93