Remove Closing costs Remove Equity Remove Investor
article thumbnail

USA Today: If Social Security falters, reverse mortgages could be worth a look

Housing Wire

A reverse mortgage is a possibility for seniors with substantial equity in their homes, the column stated. It essentially enables you to borrow against your equity, and you aren’t required to make any payments while you’re still alive as long as you live in the house.

FHA loan 368
article thumbnail

From tenant to trailblazer: Oralia Herrera takes helm at NAHREP

Housing Wire

Weve already had investors and builders from Spain and Mexico attend our conferences. In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Herrera also plans to take NAHREPs mission beyond U.S. borders, recognizing the increasing international nature of real estate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rich men, poor men, and the infinite housing crisis

Housing Wire

By 2024, in addition to owning more than double their share of all real estate, the Top 20% of incomes held 87% of all corporate equities and mutual funds. Equity management firm Carta found that most employees do not exercise stock because of cost and financial risk.

Equity 530
article thumbnail

Point raises $115 million in Series C funding

Housing Wire

Point now says it has raised $170 million in equity capital. WestCap Group , a New York City-based investor, led the funding with existing backers Andreessen Horowitz , Ribbit Capital , mortgage real estate investment trust Redwood Trust and Atalaya Capital Management participating, Point said Tuesday.

Equity 395
article thumbnail

Opinion: Title and settlement fees aren’t a barrier to homeownership

Housing Wire

Part of the equitable housing plans’ approach to achieving more equity includes reducing the costs and fees associated with buying a home that are often cited as a homeownership barrier for low- and moderate-income and non-white households. In fact, neither is true. The authors say these are “not economically meaningful” differences.

Title 459
article thumbnail

The risk of zero-down loans while the Fed talks recession

Housing Wire

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Loans 544
article thumbnail

The title insurance industry prepares for battle

Housing Wire

First American executives noted that refinance revenue had declined 68% compared to a year ago, on the firm’s third quarter earnings call with investors, while Old Republic International Corp.’s s president and CEO Craig Smiddy told investors on his firm’s Q2 2022 earnings call that refinance activity had “dried up.”.

Title 505