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Unison unveils ‘hybrid’ home equity sharing loan

Housing Wire

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. home equity by the end of this year.

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First-time homebuyers becoming first-time home sellers

Housing Wire

Whatever that looks like, they’re kind of maxing out with the debt-to-income ratio. Financial factors, including mortgage rates and home equity , are the main drivers for around one-third of Gen X and Baby Boomers. They’re getting a loan.

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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

Advocates focused solely on the concerns of home sellers—who have gained billions in equity in their properties in recent years—are now creating post-hoc justifications for why eliminating cooperative compensation benefits low-wealth buyers. None of these arguments hold water.

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Mortgage costs, lender denials jumped in 2022: CFPB

Housing Wire

Higher costs and rates meant customers taking out mortgages in 2022 devoted a higher share of their income towards paying home loans. The average debt-to-income ratio for Hispanic White and Black borrowers reached over 40% in 2022, about 39% among Asian applicants and 37% for non-Hispanic whites. in 2022, up from 8.3%

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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.”

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3 unique mortgage products to get today’s homebuyer qualified

Housing Wire

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. No traditional income analysis or employment information is required. trillion.

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Positive signs abound for 2024 housing market: ICE

Housing Wire

But that number is still 9 percentage points above the 30-year average debt-to-income ratio of 24.2% Equity levels Mortgage holders ended 2023 with $16 trillion in equity, the highest year-end total on record, and up $1.6 The average mortgage holder now has $299,000 in equity, up from $274,000 at the end of 2022.