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Senior-held home equity falls in Q4 2024

Housing Wire

Following a rise to an all-time high in the second quarter, senior-held home equity saw a modest decline in the third quarter and endured a more severe drop in the fourth quarter. Homeowners 62 and older saw their collective home equity levels drop by 1% in Q4 2024 to a total of $13.95 home equity.

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Data valuation transformed: How AVMs can power property valuations for home equity lending

Housing Wire

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5

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Competition for HELOC business heats up as home equity grows

Housing Wire

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. His point was ostensibly about how homeowners locked into low mortgage rates are choking off home sales and mortgage origination volumes. homeowners and $11.5

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US home equity has reached $35 trillion. It’s a blessing and a curse

Housing Wire

Home equity levels among U.S. Among the lesser anticipated consequences, high amounts of home equity can limit the amount of financial aid that some prospective college students are eligible for. Generally speaking, homeowners also appear reluctant to tap into their home equity despite its meteoric growth over the past five years.

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Brookfield Properties’ rental division to acquire Divvy Homes in ‘fire sale’

Housing Wire

Fast Company reported the move last week, describing it as a “fire sale” based on multiple unnamed sources. Andreessen kicked things off in 2018, leading a $30 million Series A equity and debt round. Divvy and Maymont have not released any formal statements to announce the acquisition.

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Portrait of a pre-foreclosure peacemaker

Housing Wire

The rest are saving their equity with us by either selling to us or allowing us to list.” As you get closer to that (foreclosure) sale date, your options are limited … If you’re going to call me three days prior to sale date, your options are going to be very limited.” Most of the homeowners don’t qualify for refinancing. “I

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Rocket-Redfin deal sparks uncertainty over Bay Equity’s future

Housing Wire

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. While the companies remain quiet on their plans, some Bay Equity employees arent waiting for answerstheyre already looking for new jobs. They will be a great fit.