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

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.

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Community, building equity important for young homebuyers

Housing Wire

“It’s no surprise that 18- to 43-year-old prospective buyers are eager to swap unpredictable monthly rents with steady monthly mortgage payments,” Barkley said. “Nearly half — 46% — said that building equity is now more important than ever.

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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

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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%.

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U.S. homeowners have $153K “tappable” home equity on average

The Mortgage Report

American homeowners have never before had so much home equity. But how do you take equity out of your home? And should you? Learn more here.

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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Freddie Mac’s Pam Perry: Addressing racial equity in housing

Housing Wire

Rebecca McDonald, chief product officer at Rocket Mortgage , Pam Perry, Single-Family vice president of Equitable Housing at Freddie Mac , and Hilary Saunders, co-founder and chief broker officer at Side , are all featured on the cover and were named to HousingWire’s 2021 Women of Influence.

Equity 329

Freddie Mac appoints new team to address housing equity

Housing Wire

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. The post Freddie Mac appoints new team to address housing equity appeared first on HousingWire.

Equity 418

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.

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What is home equity and how can you use it?

The Mortgage Report

What is home equity and how does it work? Learn how to calculate your home equity and how having equity can benefit you.

Americans cashing out as home equity hits record $9.1 trillion

Inman

Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic. Mortgage cash-out refi cash-out refinacing cash-out refinance forbearance foreclosure home equity mortgage refinancing

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The Ins and Outs of Home Equity

American Lifestyle

The post The Ins and Outs of Home Equity appeared first on American Lifestyle Magazine. Buying & Selling Your First House Equity Home Loan Home Value Mortgage Real Estate Tips

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. Accept.inc claims its services come with no additional costs or markups beyond the fees of a traditional mortgage offer.

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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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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

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.

Equity 326

CBC Mortgage Agency names its first-ever diversity, equity and inclusion officer

Inman

The company tapped current Director of Government Affairs Tai Christensen to lead the company's diversity, equity and inclusion efforts alongside of committee of 15 employees.

Equity 136

Home Values, Owners’ Equity Rise in 2Q20

Eye on Housing

In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6 Read More › The post Home Values, Owners’ Equity Rise in 2Q20 first appeared on Eye On Housing.

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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. of all outstanding mortgages in the U.S.

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.

Equity 135

What is a home equity loan and how does it work?

The Mortgage Report

A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work.

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

Mortgage rates stuck at 2.88% amid rise in COVID cases

Housing Wire

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%.

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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Factors That Affect Home Equity

American Lifestyle

The post Factors That Affect Home Equity appeared first on American Lifestyle Magazine. Buying & Selling Equity Finance Financial Advice Home Advice Home Buying Home Loan Mortgage Real Estate Real Estate Agent Refinancing

Mortgage lenders are loosening standards on jumbos

Housing Wire

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

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 327

One lender begins targeting Gen X for reverse mortgages

Housing Wire

One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about.

How DepositLink delivers on equity and excellence

Inman

Mortgage Sponsored ach darrell west depositlink digital transaction DTM earnest money escrow How DepositLink delivers on equity and excellence mortgage real estate title wire transferToday, DepositLink CFO and co-founder Darrell West is building a real estate tech company.

Equity 139

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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What Are Home Equity Loans Used For?

Realty Biz

The home equity loan, in particular, uses equity—the value of your home minus the mortgage to give you the much-needed funds for certain expenses. Uses of Home Equity Loans. Home equity loans can fund home improvements while increasing the value of your home.

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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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ATTOM: Surging Home Equity Indicator of Healthy Housing Market

RIS Media

Home Equity & Underwater Report shows that 34.4% of mortgaged residential properties in the U.S. 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.