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Home equity lending opportunities remain despite decline in tappable equity

Housing Wire

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. Tappable home equity is expected to decrease to a forecasted $18.1 However, given that home-equity originations were less than $0.5

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How borrowers can stay afloat with home equity products during difficult economic times

Housing Wire

Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? The borrower’s equity can be further eroded by legal and other fees.

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ATA National Title Group expands footprint in Michigan

Housing Wire

ATA National Title Group serves both residential and commercial clients, and provides title searches and escrow services. The firm is licensed to issue title insurance in 30 states and, thanks to partnering relationships, ATA offers title and settlement services in all 50 states.

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If you haven’t refinanced yet, is it still worth it?

Housing Wire

Interest rates were at an all-time low last year, which is why the housing market saw such a spike. While refinancing can be a good way to build equity and manage debt, it can cost money – anywhere between 3% to 6% of the amount of debt you still owe on your current loan. Mortgage rates vary. Take the pandemic, for example.

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A look at the role instant title plays in the borrower journey

Housing Wire

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing.

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Why lenders should be asking for a title check at loan application

Housing Wire

A title check is a key workflow step that provides instant awareness on the condition of title — based on title underwriter guidelines — andvalidateskey details about the property and consumer through an easy-to-understand data result at the start of the loan origination process.

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Understanding Mortgage Terms for Home Buyers

Realty Biz

Equity : The difference between the current market value of your home and the amount you owe on your mortgage. As you pay down your mortgage or if the value of your home rises, your equity increases. These can include title search fees, appraisal fees, attorney fees, and more.