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Hometap reaches $1B in home equity investments 

Housing Wire

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8%

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Home equity is the bright gem of the housing market

Housing Wire

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.”

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Wall Street SFR firms accused of stripping equity from neighborhoods

Housing Wire

To fund their acquisitions, companies raise billions of dollars in capital from hedge funds, pension funds, ultra-high net worth individuals, and other institutional investors, who such companies consider to be their customers,” the House subcommittee’s report on its survey findings state. of homes in the Phoenix-Glendale-Scottsdale area.”.

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3 unique mortgage products to get today’s homebuyer qualified

Housing Wire

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.

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Housing Market 2024: Big Investors Buy in Atlanta, Dallas, Charlotte, Houston

Marco Santarelli

The US housing market continues to evolve , with a growing presence of institutional investors in the single-family rental space. As foreclosure rates have declined, these large-scale investors have adopted new strategies to acquire properties. Big Investors Set Their Sights on Sunbelt Rentals According to the U.S.

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Home inspection startup PunchListUSA raises $39 million in Series A

Housing Wire

PunchListUSA has now raised more than $49 million in equity capital since its inception in 2018. . Sweetwater Private Equity and Morpheus Ventures led the latest funding round with additional investors including Home Depot Ventures , Second Century Ventures and Palm Drive Capital.

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PunchList USA names chief product and data officer 

Housing Wire

“I look forward to building our data infrastructure and accelerating our product roadmap to make home services more intelligent, accessible, and hassle-free for homeowners, investors, and real estate professionals,” Pampulov said in a statement.