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 404

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 272
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Tax & flood vendor Lereta acquired by private equity firms

Housing Wire

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. “As a result, we’ve been successful in adding new customers and building market share.

Equity 253

Homeowner Wealth Increases Through Growing Equity This Year

Keeping Current Matters

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

Equity 206

Home Values, Owners’ Equity Rise in 2Q20

Eye on Housing

As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. trillion, while the aggregate value of the households’ market values, i.e., that of all owner-occupied real estate.

Equity 108

Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Equity 227

3 Ways Home Equity Can Have a Major Impact on Your Life

Keeping Current Matters

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. Home Equity Report , revealed that 30.2%

Equity 223

JPMorgan Chase tightens standards for jumbo loans in Manhattan

Housing Wire

JPMorgan Chase has tightened mortgage terms on jumbo loans for co-operatives and condominiums in Manhattan amid shrinking buyer demand, Bloomberg reported on Friday. Chase announced that, beginning this week, it would limit jumbo loans to 70% of the sale price.

Loans 314

Ahead of its IPO, Caliber gives its private equity owner $300M in cash

Housing Wire

Lone Star Funds ‘ residential mortgage lender Caliber Home Loans hopes to raise up to $538 million at its highly anticipated public debut next week, according to documents filed with the Securities and Exchanges Commission on Wednesday.

Equity 227

Refinance loans spur 14-year high in lending activity

Inman

The dollar amount of loans distributed during the fourth quarter of 2020 was also the highest quarterly amount distributed since at least 2000.

UWM offering 61 bps on conventional loans through March 8

Housing Wire

To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months.

Loans 296

5 Different Kinds Of Loans And Their Benefits

Realty Biz

It’s a huge commitment to take out a loan. Since loans vary in their repayment schedules and interest rates, it’s crucial to know which kinds of loans are the most ideal for you. Most loans are either unsecured or secured. Personal loan. Personal Loans.

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Black Knight’s industry-leading servicing solutions help servicers streamline forbearance and loan modifications

Housing Wire

Black Knight provides industry-leading servicing solutions, which includes the best-in-class servicing platform, MSP, as well as several innovative capabilities that support all size portfolios and every aspect of servicing, from loan boarding to default.

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RoyaleLife CEO Robert Bull Warns of the Dangers of Early Equity Release

Realty Biz

Equity release may seem like a good strategy in the short term, but the CEO of the UK’s largest provider of bungalow living for the over 45’s warns that the practice is, for many people, not the ideal financial strategy. What Is Equity Release? The Disadvantages of Equity Release Plans.

How To Get A Loan For Investing In Real Estate

Realty Biz

Getting a loan for your investment property can be tricky but it doesn’t have to be impossible. Read our blog for a simple guide on how to get your investment loan. Concept of loan with icons on wooden cubes. Different loans to consider. Hard money loans.

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Nonbanks are seizing a “generational opportunity” to go public. But who will actually reap the rewards?

Housing Wire

members of the Federal Reserve’ s Federal Open Market Committee discussed hiking interest rates. billion public offering, citing adverse market conditions and poor valuations for other newly public fintech companies. On Nov.

Equity 276

In-House Loan Partnerships Will Win You More Listings

RIS Media

However, by joining with a loan officer as knowledge partners, you can also position your partnership as an invaluable resource to homebuyers and sellers. The loan process, title work, inspections, research and stress is like having a part-time job while you are in the middle of it!

Loans 63

ATTOM Report: Home Equity Levels Rising in Q3 Despite Pandemic

RIS Media

Home Equity & Underwater Report, which shows that 16.7 were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value. In the third quarter of 2020, equity-rich properties made up 28.3 “Homeowner equity in the third quarter added another pebble to the pile of markers showing that the U.S.

Ask Brian: What Should I Do When Selling My Home with Little Equity?

Realty Biz

What are my options when I have little or no equity? Gil, the better term for what you are referring to is “under-equitied” meaning having less than 20% home equity. The post Ask Brian: What Should I Do When Selling My Home with Little Equity?

The last stand for forbearance housing market crash bros?

Housing Wire

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot.

MBA Study Finds Home Equity Lending Growth Hindered by Alternative Products and COVID-19

RIS Media

Home equity loan debt outstanding and borrower utilization rates declined in 2019, and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021. Annual originations of HE loans are forecasted to increase by 0.5 HE Loans.

What Is an Interest-Only Mortgage? An Affordable Home Loan, at Least at First

Realtor.com

It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. However, the rate adjusts after a specified initial period—usually three, five, seven, or 10 years—based on market indexes.

Should You Refinance Your Mortgage to Build Equity Faster?

RIS Media

Home equity is the difference between your house’s current market value and the amount you still owe on your mortgage. Speeding up the rate at which you pay down your loan balance can help you build equity faster. . How Can Refinancing Help You Build Home Equity?

CoreLogic: Homeowners Gained Over $1 Trillion in Equity in Q3 2020

RIS Media

CoreLogic® recently released the Home Equity Report for the third quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen equity increase by 10.8 This marks the largest average equity gain since the first quarter of 2014.

Ask Brian: Should a Homeowner File for Bankruptcy if They Have Equity in their Home?

Realty Biz

If you have equity in your home, your state’s homestead exemption and your financial circumstances will dictate whether bankruptcy is a good idea. The huge run-up in home values means most people have more equity in their homes than they likely realize.

ATTOM Data Solutions: Home Equity Continues Growing in U.S.

RIS Media

Home Equity & Underwater Report, which shows that 17.8 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value. The count of equity-rich properties in the first quarter of 2021 represented 31.9%, or about one in three, of the 55.8 housing market boom keeps charging ahead.”

LoanDepot gaining market share as profits narrow

Housing Wire

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. Closed loan volume in the first quarter increased to $41.5 billion compared to the fourth quarter, driven by an increase in servicing retained loan sales.

Capital Market Appetite by Channel

Housing Wire

A conversation on mortgage capital markets wouldn’t be complete without data. Richard Koss of Recursion will set the stage with data on how capital markets participants are driving channel growth with data specific to retail, correspondent and brokered loan volume.

Airbnb more than doubles in market debut

Housing Wire

Airbnb shares more than doubled in its public debut on Thursday, per the Wall Street Journal, after opening trading at $146 on the Nasdaq Stock Market – higher than its initial-public-offering price of $68 a share.

How Do Interest-Only Loans Work? A Simple Guide For Smart Buyers

HomeLight

If you’re in the market to buy a home and you’re not planning to pay cash, chances are high that you’ve either already spoken with a lender or you’re planning to do so in the near future. On a 30-year, fixed-rate loan with an interest-only period of five years, your payment would be $781.25

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In a hot housing market, gap between purchase price and appraiser condition ratings causes headaches

Housing Wire

This week, appraisal experts said those same variables are having a profound effect on an age-old conflict of appraisal reports versus what the market believes the home is worth.

Mortgage Tech: Black Knight, CoreLogic and Mutual of Omaha

Housing Wire

Data analytics giant Black Knight unveiled a new self-service style platform aimed at correspondent lending that will allow lenders to manage conditions and validate pricing locks on Best Effort loans.

#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. She also wants to investigate whether a Vanguard Institutional 500 Index Trust and a Vanguard Institutional Total Bond Market Index Trust are ideal.

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HUD Aims to Boost Homeownership for Buyers With High Student Loans

Realtor.com

MANDEL NGAN/AFP via Getty Images WASHINGTON—The Federal Housing Administration is relaxing the way it assesses student-loan debt when weighing eligibility for homebuying assistance as the Biden administration pushes to help lower-income borrowers and narrow a racial gap in homeownership.

Digital mortgage provider LoanLogics bought by Sun Capital

Housing Wire

Inefficiencies in data and workflow are driving rising mortgage market costs, and LoanLogics helps solve this industry challenge.” ” Bill Neville, LoanLogics CEO, said the current mortgage technology market has an estimated value of more than $10 billion.