Borrowers withdrew $63B in equity in Q2

Housing Wire

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.

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FHFA requires GSEs to submit annual equity plans

Housing Wire

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.

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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%

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Community, building equity important for young homebuyers

Housing Wire

A homebuyer’s guide to a competitive housing market. The housing market is extremely competitive right now. In the past 12 months, housing markets across the country have seen a heavy influx of new homebuyers as well as existing owners looking to renovate or add square footage.

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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 371

Equity jumps for Black homeowners, but problems remain

Housing Wire

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%.

Equity 396

Private equity shop Lovell Minnick acquires UniversalCIS

Housing Wire

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.

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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 341

Alt equity firm Point says it won’t abandon reverse mortgage space

Housing Wire

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. Point’s primary product offering is a home equity investment, which centers on the sale of a small fraction of a customer’s home equity, typically in the range between 5-10% of the home’s current value.

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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

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Keller Williams adds Diversity, Equity and Inclusion Committee to leadership council

Housing Wire

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.

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Homeowner Equity Increases an Astonishing $1 Trillion

Keeping Current Matters

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.

Equity 243

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. In a fiercely competitive market with limited inventory, a cash offer is hugely appealing to sellers, who can typically close faster than they would with a mortgage-contingent offer.

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ATTOM: Surging Home Equity Indicator of Healthy Housing Market

RIS Media

Home Equity & Underwater Report shows that 34.4% were considered equity-rich in the second quarter—this means the combined estimated amount of loans secured by those properties was no more than 50% of their estimated market value. ATTOM’s latest U.S.

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.

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Home Equity Gives Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

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CoStar and private equity group battle for CoreLogic

Housing Wire

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. billion market cap.

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US home equity levels rose in Q3

Inman

Equity-rich properties made up about 28.3 percent of mortgaged homes in the U.S. during the third quarter, up from 26.7 percent the previous year.

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Home Equity Give Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates.

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Rapid home equity growth calms foreclosure crisis fears

Realty Biz

It may sound like a large number, but the prospect of a foreclosure crisis is looking increasingly unlikely thanks to a sharp rise in home prices that has seen homeowner equity grow significantly since one year ago.

The Importance of Home Equity in Building Wealth

Keeping Current Matters

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”.

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How to give and receive a gift of equity: Rules and process

The Mortgage Report

A gift of equity can be a huge help when buying a home. Buying a home Essential Mortgage Miscellany Mortgage Strategy Tax Law For Mortgages appraised value fannie mae gift of equity fha gift of equity Gift Letter gift of equity gift of equity letter gift of equity tax gift tax market value

Average homeowner gained $33,400 in equity last year: CoreLogic

Inman

The average annual equity gain from Q1 2020 to Q1 2021 for homeowners with mortgages is the highest in at least a decade, according to CoreLogic. Analysis Markets & Economy News Brief corelogic CoreLogic Homeowner Equity Report Dr. Frank Nothaft frank martell home equity

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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%

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Homeowners gained $17K in equity this year: CoreLogic

Inman

Even amid a pandemic and ensuing economic downturn, home values continue to soar, as evidenced by the fact that the average homeowner gained $17,000 in equity this year.

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Equity-rich properties make gains in fourth quarter

Inman

The number of equity-rich homes in the U.S. made solid gains at the end of last year, and now account for more than 30 percent of mortgaged properties, according to a new report from Attom Data Solutions.

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“Immediate Equity”

The Living Room

As we walked through the home, taking in the gorgeous wainscoting in the dining room and high ceilings throughout, J turned to me to confess she had been watching the Portland market daily, comparing their purchase price to everything else that was out there.

Homeowners are cashing out equity like it’s 2005

Inman

With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble.

Equity 112

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

Housing Wire

“Our track-record of success in originating and servicing mortgages is supported by robust capabilities, spanning operations, technology, analytics, capital markets and risk management,” the nonbank lender said in its S-1.

Equity 327

Average homeowner gained $9,800 in equity this year

Inman

But the gains are not expected to last as effects of the coronavirus pandemic begin to show on the housing market, according to a new CoreLogic report released Monday. Analysis Markets & Economy News Brief Predictive Analytics corelogic CoreLogic Home Equity Report frank martell

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Equity gains for Black owners are progress, but more work is needed

Inman

The home equity gains made by Black homeowners in recent years are worth celebrating, but there's a long way to go. Agent Markets & Economy Opinion Select Black homeowners Black homeownership rate home equity Tai Christensen

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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.

CoreLogic: Home Equity Rises Despite the Pandemic

RIS Media

CoreLogic® recently released the Home Equity Report for the second quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase by 6.6 percent of all mortgaged properties, were in negative equity.

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 Of the 50 states, 49 showed a quarterly increase in the percentage of homes considered equity-rich, while only seven showed increases in the percentage that were seriously underwater.

In a positive sign, number of equity-rich properties continues to rise

Inman

During the second quarter of 2020, equity-rich properties outnumber seriously underwater properties 4 to 1, according to a report by Attom Data Solutions.

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