Housing Wire

JANUARY 22, 2025

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

MARCH 13, 2025

Home equity increased nationally by $281.9 year over year, according to the latest CoreLogic Homeowner Equity Report (HER), released Thursday. But the report also noted rising negative equity in some sunbelt states, along with Oregon and Washington, D.C. The average borrower had $303,000 in home equity at the end of 2024.

Equity 239

Equity Mortgages Residential As-is 239

Housing Wire

SEPTEMBER 12, 2024

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday.

Equity 508

Equity Mortgages Residential As-is 508

Housing Wire

JANUARY 6, 2025

While recent housing market reports and trends have shown that older homeowners are unwilling to sell their homes for a variety of reasons, one of them may be the expected requirement to pay capital gains taxes stemming from the post-pandemic explosion of home-price appreciation, according to a report from Business Insider.

Sales 397

Sales Equity Finance Development 397

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday. home equity over the past year brought total net equity to more than $17 trillion at the end of Q1 2024.

Equity 518

Equity Residential Mortgages Closing 518

Housing Wire

APRIL 1, 2024

As home prices rose steadily, homeowners also accumulated significant equity. Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. homeowners held $31.8 Overall, U.S.

Equity 468

Equity Mortgages Marketing 468

Housing Wire

OCTOBER 31, 2024

This is in line with some other proprietary reverse mortgages and seven years lower than the age requirement for the Home Equity Conversion Mortgage (HECM) program offered by the Federal Housing Administration (FHA). But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.

Mortgages 432

Mortgages Equity Loan Officer Loans 432

Housing Wire

MARCH 26, 2024

While the person sits back and watches the value of their house climb to levels that have never been seen before, they are still struggling to get back to their pre-pandemic income level while also having to pay more for homeowner’s insurance and property taxes, not to mention the fact that all of their other bills have increased as well.

Equity 459

Equity Loans Bankruptcy As-is 459

Housing Wire

DECEMBER 5, 2024

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. trillion in equity, of which $11.2 At the end of third-quarter 2024, U.S. mortgage holders held $17.2

Equity 379

Equity Technology Brokerage Mortgages 379

Housing Wire

OCTOBER 24, 2024

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 468

Equity Purchase and sale agreement Loans Mortgages 468

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Sessions added that the bill takes a practical approach to deliver meaningful relief to homeowners.

FHA loan 418

FHA loan Mortgages Equity Loans 418

Housing Wire

MARCH 1, 2024

By and large, homeowners who are 60 and older love where they live and have a preference to age in place. They may also see the equity in their homes as a “financial reserve” and are generally confident in their retirement plans, but they are far less interested in employing their home equity in retirement. homeownership.

Equity 488

Equity Mortgages As-is 488

Housing Wire

JANUARY 27, 2025

Interest rates have risen from their record lows, housing inventory is tight and more homeowners are staying in their current properties, which means it is more important than ever for servicers to retain the customers they have. In fact, ICEs Mortgage Monitor data found that as of November 2024, the average U.S.

Equity 365

Equity Technology Loans Mortgages 365

Housing Wire

SEPTEMBER 17, 2024

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.

Equity 458

Equity Loans Debt-to-income ratio Renovation 458

Housing Wire

MAY 13, 2024

Residential sale-leaseback platform EasyKnock has acquired the assets of home equity investment firm HomePace , the company exclusively told HousingWire on Monday. HomePace, founded in 2020, specializes in helping homeowners access their equity through home equity agreements. Meanwhile, more than 9 million U.S.

Equity 460

Equity Purchase and sale agreement Residential Investor 460

Housing Wire

MAY 6, 2024

And while prospective homebuyers cope with the challenges of rising housing unaffordability, existing homeowners are reaping the benefits of historically strong price gains. Nationwide equity on mortgaged homes soared to a record $16.9 homeowners with mortgages have tappable equity. trillion in tappable equity.

Equity 497

Equity Mortgages Finance Loans 497

Housing Wire

OCTOBER 4, 2024

Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. There was an estimated 3.97% (or $624.6 billion) increase in senior-held mortgage debt.

Equity 468

Equity Mortgages As-is Marketing 468

Housing Wire

MARCH 7, 2024

homeowners with mortgages saw their home equity increase by 8.6% Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic ’s newest homeowner equity report. Net homeowner equity totaled more than $16.6

Equity 501

Equity Mortgages Loans As-is 501

Housing Wire

AUGUST 1, 2024

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. It’s the lowest level since at least 2019. points), Missouri (7.2

Equity 482

Equity Mortgages Loans Marketing 482

Housing Wire

SEPTEMBER 4, 2024

With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. One-quarter of these lenders offered accelerated closing options, including two lenders that advertised home equity funding in as little as one week.

Equity 459

Equity Lending Banks Loans 459

Housing Wire

DECEMBER 9, 2024

New York-based EasyKnocks business model allowed homeowners to sell their properties to the company but remain as renters while receiving cash for their financial needs. We are deeply grateful for the trust placed in us to be part of the financial journey of so many. An acquisition spree followed.

Equity 370

Equity Investor Residential Closing 370

Housing Wire

APRIL 9, 2024

Homeowners are more “house-rich, cash-poor” than ever, with increasingly valuable homes, but less real income and higher borrowing costs to handle the challenges and opportunities of life. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. Why a third way?

Equity 472

Equity Investor Residential Finance 472

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

Equity 488

Equity Lending Loans Banks 488

Housing Wire

MARCH 4, 2025

In an environment of high home prices and elevated mortgage rates , older homeowners taking a closer look at less expensive areas to make their money go further is not an isolated phenomenon. But the potential value for older homeowners is not strictly monetary, the article said. Plus, they have a little extra cash left over.

Equity 399

Equity Principal Staging Development 399

Housing Wire

MARCH 25, 2024

The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by the European Pensions and Property Asset Release Group (EPPARG), a trade association that represents European equity release companies.

Equity 468

Equity Marketing Finance Mortgages 468

Housing Wire

MAY 21, 2024

Tapping into home equity , particularly for people in or near retirement , can be challenging — especially for those who may have a pressing need. Older homeowners may contemplate the traditional methods, but depending on the person, they may be out of the question, according to financial columnist Ron Lieber. Homes are trophies, sure.

Equity 459

Equity Mortgages Principal Finance 459

Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. of borrowers have negative equity in their homes.

Equity 545

Equity Loans Mortgages Sales 545

Housing Wire

DECEMBER 2, 2024

“There’s a lot of people in the middle, homeowners included, who are stuck.” Older homeowners are also struggling with rising insurance premiums , particularly if they’re still paying off forward mortgages.

As-is 418

As-is Equity Land Mortgages 418

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

MAY 15, 2024

Freddie Mac proposes to purchase closed-end second mortgages on properties for which it already holds the first mortgage so homeowners can keep the same mortgage interest rate on their primary mortgage. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 491

Equity Loans Investor Mortgages 491

Housing Wire

JANUARY 22, 2025

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. The study surveyed 2,500 homeowners across four generations: Gen Z , millennials , Gen X and baby boomers , all equally represented in the results.

Renovation 368

Renovation Equity Construction Loans 368

Housing Wire

AUGUST 5, 2024

trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 On top of that, tappable home equity reached a new high of $11.5 roughly three in five — now have at least $100,000 in tappable home equity, which refers to the amount of equity they can access while maintaining a stable 20% equity “cushion.”

Equity 459

Equity Loans Mortgages Lending 459

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. The annual investment volume in the U.S. The annual investment volume in the U.S.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

APRIL 19, 2024

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. “The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” FHFA Director Sandra Thompson said in an announcement of the proposal.

Equity 488

Equity Finance Loans Banks 488

Housing Wire

FEBRUARY 3, 2025

2021 in federal court in Houston, the suit accused Feldman & Feldman of defaming EasyKnock in a post the law firm made on its website cautioning consumers to scrutinize the companys transactions with financially distressed homeowners. Originally filed by EasyKnock in Nov.

Lending 387

Lending Equity Investor Residential 387

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. The product, which rolled out on Tuesday, combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. homeowners have $11.5

Equity 430

Equity Loans Finance Mortgages 430