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Opinion: How did homeowners get into home equity prison?

Housing Wire

As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. Stated differently, you are dealing with individuals that may be in an equity prison. It comforts them for a brief moment.

Equity 429
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Home equity is the bright gem of the housing market

Housing Wire

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 364
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Racial equity in the mortgage biz goes beyond “fancy galas”

Housing Wire

If last year gave rise to a slew of announcements of initiatives to address issues of racial equity, now is the time to give force to those promises. Christensen and Watson also advised against seeing racial equity as only a cause to donate money to, instead of enacting meaningful change in hiring and business practices. “If

Equity 311
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U.S. mortgage delinquency rates remain near historic lows: CoreLogic 

Housing Wire

The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due), accounted for 1.5% home equity , which was up by $1.3 of all mortgages in February, up 10 basis points year over year. percentage points.

Mortgages 432
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Mortgage delinquencies near all-time low in July: CoreLogic

Housing Wire

mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a news release. On home equity , Boesel noted that home-price growth should pick up over the next year.

Mortgages 409
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Real Estate Veterans Launch New Group: Equity Angels

RIS Media

Equity Angels, an organization dedicated to advancing diversity in technology startups, has launched with fractional executive solutions and accelerator programs for early-stage fintech and proptech companies.

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Weaker economy, inflation caused mortgage delinquency uptick in Q4

Housing Wire

Delinquency rates — which includes loans that are at least one payment past due but does not include loans in the foreclosure process — rose across all loan types and stages of delinquency. By stage, the 30-day delinquency rate increased 26 bps to 1.92% from the previous quarter. trillion — a 13% decline — over the past two quarters.

Mortgages 410