Housing Wire

MAY 12, 2022

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. of mortgaged residential properties in the first quarter of 2022 had at least 50% equity in their property, according to ATTOM.

Equity 468

Equity Mortgages Residential Marketing 468

Housing Wire

SEPTEMBER 8, 2023

The total number of mortgaged residential properties in the U.S. with negative home equity decreased 6% in the second quarter from the prior quarter, according to CoreLogic Homeowner Equity Insights quarterly report. Negative equity applies to borrowers who owe more on their mortgages than their homes are worth.

Equity 417

Equity Residential Mortgages As-is 417

Housing Wire

AUGUST 25, 2022

Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Lenders using Blend’s home equity product can offer personalized home equity loans and then close in a few days as opposed to multiple weeks it takes through legacy home equity processes, according to the firm.

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Equity Loans Banks Title 403

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison expects to bring three additional securitization deals to market in 2022, according to a company executive.

Equity 368

Equity Marketing Investor Finance 368

Housing Wire

JULY 15, 2024

For the sake of simplicity, I will keep my comments restricted to residential real estate in the US. While there are many elements of this market that are extrapolatable to other markets, I will stick with what I know best. To some, any suggestion that AI is anything but liberatory is heresy.

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Residential Finance Technology Staging 426

Housing Wire

MAY 3, 2022

Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap. The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim.

Equity 441

Equity Investor Loans Residential 441

Housing Wire

MARCH 7, 2024

For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market experts interviewed recently by HousingWire. My guess is we’ll do 10 or 11 deals this year in the $5.5

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Investor As-is Commercial Equity 430

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Rocket is targeting American homeowners with high household debt and credit card balances but strong home equity positions. . New Residential Investment Corp.

Equity 388

Equity Loans Lending Banks 388

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

Equity 387

Equity Residential Loans Title 387

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 388

Equity Lending Loans Banks 388

Housing Wire

SEPTEMBER 1, 2022

Rocket Pro TPO is diversifying its product portfolio by offering home equity loans to brokers by mid-September amid increased competition in the wholesale channel. The move follows Rocket Mortgage ‘s roll out of home equity loans in August as the firm tries to capitalize on Americans’ strong home equity positions. .

Equity 370

Equity Loans Banks Mortgages 370

Housing Wire

AUGUST 3, 2022

Home equity climbed to a historic high of $11.5 trillion in the second quarter, but it could be nearing its peak as major equity-rich markets on the West Coast begin to show signs of decline. Black Knight calculates homeowner equity levels by leveraging loan-level mortgage performance data and its home price index.

Equity 370

Equity Loans Lending Residential 370

Marco Santarelli

JULY 11, 2024

The housing market continues to show positive signs ! A new report from CoreLogic reveals a significant increase in homeowner equity across the United States in the first quarter of 2024. Let's dive deeper into the report's findings and explore what they mean for the current housing market. Homeowner Equity Surges!

Equity 95

Equity Marketing Mortgages Residential 95

Housing Wire

SEPTEMBER 17, 2024

The goal of the JV is to securitize the loans and invest across a range of securities in sponsored transactions, the two companies and residential mortgage investment manager Imperial Fund Asset Management said on Tuesday. The JV closed its first residential mortgage-backed securities (RMBS) deal on Aug.

Mortgages 321

Mortgages Residential Equity Loans 321

Housing Wire

MARCH 14, 2022

HousingWire recently spoke with Jon Gerretsen, SitusAMC Managing Director of Residential New Originations and Fulfillment Services, about the home buying boom and how lenders can gain market share and drive profitability in a white-hot purchase mortgage market. Overall origination activity in February was down 5.4%

Equity 417

Equity Lending Loans Mortgages 417

Housing Wire

NOVEMBER 2, 2023

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. In fact, they might have become more challenging in many cases.

Purchase and sale agreement 417

Purchase and sale agreement Marketing Equity Finance 417

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

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Equity Loan Officer Residential Commercial 403

Housing Wire

JANUARY 5, 2023

residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. Major factors that will shape the RMBS market include a dramatic reduction in origination volume and mortgage lenders exiting the business , according to a report from DBRS Morningstar on the outlook of the industry. .

Marketing 460

Marketing Equity Loans Investor 460

Housing Wire

JULY 9, 2024

Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. The CID was in conjunction with a probe “into business practices regarding residential sale-leaseback agreements which may constitute unfair or deceptive acts or practices.”

Purchase and sale agreement 430

Purchase and sale agreement Equity Lending Investor 430

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” Looking to sell a house “as is” in Virginia? Skip repairs and close in as few as 10 days.

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As-is Inspection Renovation Equity 110

HomeLight

JANUARY 12, 2024

A lot of people don’t have the money — they’ve got equity in their home, but they have no way of accessing it,” says Eddie Crosslin , an agent with Crye-Leike Real Estate Services. Are you curious about selling a house “as is” in Tennessee? Crosslin works with his wife, Melinda Crosslin , at Crye-Leike.

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As-is Investor Residential Closing costs 111

Norada Real Estate

JUNE 25, 2024

government , through Freddie Mac , has proposed a new home equity product that could significantly impact the housing market and homeowners. This initiative aims to unlock $850 billion in homeowners' equity, providing a lower-cost alternative to traditional cash-out refinancing, especially in a higher interest rate environment.

Equity 59

Equity Debt-to-income ratio Marketing Lending 59

Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets.

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

JULY 21, 2022

Home listings grew, credit scores improved and tappable home equity increased in the second quarter of 2022 from the first quarter. Those the three areas represent an opportunity for lenders grappling with a deeply challenging mortgage market, Sales Boomerang said in its second quarter mortgage opportunities report.

Mortgages 403

Mortgages Marketing Equity Loans 403

Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. The bank’s capitalization, as measured by its common equity tier 1 (CET1) ratio, fell to 9.1% 30 to $4.20

Mortgages 451

Mortgages Banks Marketing Commercial 451

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity 441

Equity Lending Fixed-rate mortgage Loans 441

RIS Media

FEBRUARY 3, 2022

Homeowners were able to reap the benefits of the frenzied housing market last year as new data from ATTOM Data Solutions suggests that nearly one of every two mortgaged homes were “equity rich” in the final quarter of 2021. Home Equity & Underwater Report on Feb. Home Equity & Underwater Report on Feb. of all U.S.

Equity 98

Equity Marketing Residential Mortgages 98

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As by the end of 2023. The unemployment rate declined to 3.4%

Mortgages 430

Mortgages Equity VA loan FHA loan 430

Housing Wire

FEBRUARY 22, 2023

The residential mortgage-backed securities (RMBS) market took a beating in 2022, nearly stalling as the year came to an end — on the heels of interest rates jumping more than 3 percentage points over the first half of 2022. As we turn the corner into 2023, however, the landscape so far looks brighter for the RMBS market.

Marketing 370

Marketing Loans Equity Mortgages 370

Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. The products complement the wholesale lender’s “Game On” initiative , a cut-rate pricing strategy hatched to grow market share with purchase buyers. trillion year over year.

Seller concession 388

Seller concession Equity Loans Mortgages 388

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. would give the brokerage a “fully diluted market value of $12.5 would give the brokerage a “fully diluted market value of $12.5 billion market cap.

Marketing 425

Marketing Brokerage Residential Banks 425

Housing Wire

MAY 22, 2024

The groups also recommend protecting older adults and low-income homeowners who “struggle to pay property taxes” to prevent the root causes of foreclosure; improving and creating new property tax exemptions; and requiring “market-driven tax foreclosure processes for owner-occupied/involved residential properties if there is a tax sale.”

Staging 461

Staging Equity Title Land 461

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

Marketing 388

Marketing Banks Mortgages Investor 388

Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

Marketing 417

Marketing Residential Sales Commercial 417

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S. Presented by: SitusAMC.

Mortgages 370

Mortgages Banks Equity Residential 370

Housing Wire

SEPTEMBER 13, 2022

With the fifth interest rate hike expected this month following the Federal Open Market Committee (FOMC) meeting, the 30-year fixed rate jumped to 5.98% as of September 12. While tappable equity, defined as the amount a homeowner can borrow against while keeping a 20% equity stake, is expected to decline this quarter, it hit a record of $11.5

Lending 370

Lending Loans Equity Mortgages 370

Housing Wire

DECEMBER 15, 2022

It’s picked up PropertyVal , a Maine-based AMC that is among the largest independent residential appraisal firms in the state. “We We are a regional AMC with a strong network across New England, but our stronghold has been in the Maine and New Hampshire markets. Class Valuation is owned by private equity firm Gridiron Capital.

Residential 370

Residential Lending Equity Technology 370