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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%. MORE
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. MORE
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. MORE
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. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6 MORE
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. MORE
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.”. MORE
Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. Realtor.com forecasts that 2021 will continue to be a robust seller’s market. MORE
While the reverse mortgage industry has seen strong business numbers for most of the past year with endorsements largely staying above 4,000 loans a month, the amount of Home Equity Conversion Mortgage (HECM)-to-HECM refinance transactions being done alongside other market factors frankly outside of the reverse mortgage industry’s control are doing very little to commensurately expand the penetration rate of the HECM category into the broader mortgage business. MORE
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 MORE
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. MORE
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. MORE
As mortgage rates sta y below 3% for the 17th consecutive week, a Black Knight report released Friday found that the number of “high quality” refinance candidates continues to climb. Looking at current mortgage rates, Black Knight estimates those 19.4 MORE
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% MORE
As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. MORE
For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels. MORE
Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Accept.inc claims its services come with no additional costs or markups beyond the fees of a traditional mortgage offer. MORE
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. MORE
The housing market is red hot. Differences in home equity account for a large chunk of the wealth gap, with Black families having only about one-eighth the net wealth of white families. The roots of racial disparities in housing and mortgage markets run deep. MORE
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 MORE
announced the acquisition of LoanLogics , a digital mortgage solutions provider and fellow Jacksonville-based company. Inefficiencies in data and workflow are driving rising mortgage market costs, and LoanLogics helps solve this industry challenge.” MORE
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. MORE
A perfect storm of record low interest rates and shifting consumer behavior spurred by the COVID-19 pandemic resulted in an absolutely incredible year for mortgage lenders in 2020, especially the independent mortgage banks. 14 – Guild Mortgage. 12 – Crosscountry Mortgage. MORE
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. MORE
The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. 5 reasons to refinance your mortgage right now. MORE
After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. What happens when the markets change?”. MORE
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 MORE
Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. MORE
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 MORE
homeowners with mortgages witnessed a 6.6% 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. MORE
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. MORE
After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Mortgage servicers take steps to support borrowers amid COVID-19. MORE
For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. Why head into retirement with a mortgage? MORE
Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. MORE
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. MORE
Housing Wire
SEPTEMBER 21, 2020
homeowners with mortgages witnessed a 6.6% 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.
Housing Wire
APRIL 27, 2021
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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Housing Wire
MARCH 9, 2021
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%.
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
Keeping Current Matters
JUNE 23, 2021
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
Housing Wire
JULY 8, 2021
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.
Housing Wire
MARCH 17, 2021
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.
Housing Wire
JUNE 24, 2021
Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Accept.inc claims its services come with no additional costs or markups beyond the fees of a traditional mortgage offer.
Eye on Housing
SEPTEMBER 21, 2020
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. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6
Keeping Current Matters
SEPTEMBER 24, 2020
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.
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. billion market cap.
Keeping Current Matters
SEPTEMBER 24, 2020
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.
The Mortgage Report
APRIL 29, 2021
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
Keeping Current Matters
JANUARY 6, 2021
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.”.
Keeping Current Matters
FEBRUARY 17, 2021
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%
Inman
NOVEMBER 5, 2020
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.
Housing Wire
JULY 30, 2021
As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns.
Inman
MAY 4, 2021
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.
Inman
FEBRUARY 3, 2021
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.
Housing Wire
NOVEMBER 23, 2020
As mortgage rates sta y below 3% for the 17th consecutive week, a Black Knight report released Friday found that the number of “high quality” refinance candidates continues to climb. Looking at current mortgage rates, Black Knight estimates those 19.4
Inman
JUNE 10, 2021
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
Housing Wire
OCTOBER 21, 2020
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.
Housing Wire
JULY 26, 2021
The housing market is red hot. Differences in home equity account for a large chunk of the wealth gap, with Black families having only about one-eighth the net wealth of white families. The roots of racial disparities in housing and mortgage markets run deep.
RIS Media
SEPTEMBER 20, 2020
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.
Housing Wire
MARCH 25, 2021
Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations.
Housing Wire
APRIL 12, 2021
After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Mortgage servicers take steps to support borrowers amid COVID-19.
Housing Wire
JANUARY 22, 2021
After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. What happens when the markets change?”.
Housing Wire
JULY 9, 2021
announced the acquisition of LoanLogics , a digital mortgage solutions provider and fellow Jacksonville-based company. Inefficiencies in data and workflow are driving rising mortgage market costs, and LoanLogics helps solve this industry challenge.”
Housing Wire
MARCH 1, 2021
The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. 5 reasons to refinance your mortgage right now.
Housing Wire
JANUARY 6, 2021
For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. Why head into retirement with a mortgage?
Housing Wire
DECEMBER 2, 2020
Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. Realtor.com forecasts that 2021 will continue to be a robust seller’s market.
Housing Wire
SEPTEMBER 22, 2020
Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January.
Housing Wire
JULY 28, 2021
While the reverse mortgage industry has seen strong business numbers for most of the past year with endorsements largely staying above 4,000 loans a month, the amount of Home Equity Conversion Mortgage (HECM)-to-HECM refinance transactions being done alongside other market factors frankly outside of the reverse mortgage industry’s control are doing very little to commensurately expand the penetration rate of the HECM category into the broader mortgage business.
Housing Wire
APRIL 13, 2021
A perfect storm of record low interest rates and shifting consumer behavior spurred by the COVID-19 pandemic resulted in an absolutely incredible year for mortgage lenders in 2020, especially the independent mortgage banks. 14 – Guild Mortgage. 12 – Crosscountry Mortgage.
Housing Wire
FEBRUARY 24, 2021
For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels.
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