Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. Moreover, the prolonged high-interest-rate environment is leading to lower refinancing rates, which extends the duration of cash flows that investors can expect from these assets.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

MAY 15, 2024

Peter Van Gelderen, co-head of Global Securitized at TCW , a leading global asset management firm, said this means there could potentially be two new and unique products unveiled on the agency side: CES loan purchases and a related credit-risk transfer product designed to shift some of the agency CES risk to private investors. “In

Equity 491

Equity Loans Investor Mortgages 491

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8%

Equity 412

Equity Renovation Loans Investor 412

Housing Wire

DECEMBER 5, 2023

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. With this new integration, EasyKnock aims to provide homeowners with additional options to convert their home equity into cash. EasyKnock received $57 million in venture capital in February 2022.

Equity 448

Equity Investor Technology Residential 448

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

Equity 392

Equity Loans Lending Investor 392

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Hometap, as an investor, provides cash in exchange for a share of their home’s future value.

Equity 449

Equity Marketing Investor Loans 449

Housing Wire

MAY 15, 2024

Peter Van Gelderen, co-head of Global Securitized at TCW , a leading global asset management firm, said this means there could potentially be two new and unique products unveiled on the agency side: CES loan purchases and a related credit-risk transfer product designed to shift some of the agency CES risk to private investors. “In

Equity 444

Equity Marketing Loans Investor 444

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. Unison has more than $1.8

Equity 430

Equity Loans Finance Mortgages 430

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

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

Investor 468

Investor Lending Equity Mortgages 468

Housing Wire

DECEMBER 4, 2024

But some existing homeowners and investors may feel differently as a trend of home equity growth was found across 45 states. Home equity solutions provider Unison released its 2024 Home Equity Report on Tuesdsay. ” Home equity also grew based on higher prices, reaching $35 trillion at the end of the second quarter.

Equity 396

Equity Investor Marketing Mortgages 396

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. While Americans sit on approximately $32 trillion in home equity , only 50% of homeowners can tap into that wealth. Nomura Securities International Inc.

Equity 435

Equity Finance Investor Technology 435

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investor 448

Investor As-is Commercial Equity 448

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. The products have gained traction due to interest from secondary market investors, who have purchased billions in securities over the past few years.

Equity 394

Equity Purchase and sale agreement Mortgages Finance 394

Housing Wire

JUNE 25, 2024

The executives now know that the private equity company buying the MLS was formed in January, Vincent said. “We When the management and board of REcolorado received the letter of intent (LOI) to buy REcolorado from the private equity firm, the terms had been redacted and it asked for details on the severance packages for Millman and Baker.

MLS 435

MLS Equity Sales Investor 435

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Equity 397

Equity Marketing Fixed-rate mortgage Finance 397

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers.

Equity 430

Equity Mortgages Banks Commercial 430

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 397

Equity Lending Loans Banks 397

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. These moves, he said, helped demonstrate to investors that the company had its priorities clearly in mind.

Investor 369

Investor Mortgages Bankruptcy Equity 369

Housing Wire

NOVEMBER 1, 2024

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation , home renovation and student loan repayment. Investors, meanwhile, are leveraging the option to expand their property portfolios. There’s more demand than supply,” he added.

Equity 392

Equity Debt-to-income ratio Mortgages Investor 392

Housing Wire

SEPTEMBER 22, 2023

Borrowers everywhere are seeking new ways to tap into their home equity. To help homeowners explore their home equity options, lenders, investors and others in the industry should consider leveraging tech-backed services. But with rising mortgage costs and high interest rates , refinancing doesn’t always make the most sense.

Equity 459

Equity Inspection Technology Residential 459

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. ” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. What is the strategy here?

Equity 416

Equity Banks Investor Residential 416

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

MARCH 10, 2023

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 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

FEBRUARY 21, 2024

Pretium’s new fund came on the heels of private equity giant Blackstone’s decision in January to acquire Tricon Residential in a deal valued at around $3.5 But 2024’s deals show investor interest has persisted. Tricon owns more than 37,000 homes and is building about 2,500 more.

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Investor Construction Commercial Sales 493

Housing Wire

AUGUST 26, 2024

million in 15 funding rounds with 25 investors since its inception in 2012. HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. According to Crunchbase estimates, HomeLight has raised $762.5

Equity 477

Equity Loan Officer Lending Investor 477

Housing Wire

JUNE 15, 2022

Two new single-family rental (SFR) securitization deals sponsored by large institutional players — often described as “Wall Street” investors — hit the private label market in June, bringing the total deal count so far this year to 10. MIM believes that institutional SFR ownership is likely to grow significantly over the next decade.

Investor 397

Investor Residential Loans Mortgages 397

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets.

Closing 446

Closing Equity Investor Finance 446

Housing Wire

MARCH 20, 2024

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week. JP Morgan Chase & Co. and Jefferies Financial Group Inc. — to take its lending division, LendCo , public.

Lending 447

Lending Equity Technology Banks 447

Housing Wire

FEBRUARY 28, 2024

Northwestern Mutual Future Ventures , the venture capital arm of financial services company Northwestern Mutual , joined as an investor in this round. Like theEasyKnock team, our distinguished group of investors recognize the critical need for countless American homeowners to improve their financial well-being.

Closing 458

Closing Equity Investor Development 458

Housing Wire

DECEMBER 9, 2024

In February 2024, the company closed a $28 million Series D funding round from new and existing investors, including Gaingels , Moderne Ventures , QED Investors and Zillow co-founder Spencer Rascoff. Jared Kessler founded the fintech in 2016 and has since raised money from several venture capital firms. In 2018, the company raised $3.5

Equity 370

Equity Investor Residential Closing 370

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I The rest are saving their equity with us by either selling to us or allowing us to list.” Most of the homeowners don’t qualify for refinancing. “I

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

JULY 9, 2024

The increased interest in EasyKnock began in December of 2023 , when Massachusetts Attorney General Andrea Joy Campbell announced that she had entered into a settlement with EasyKnock for what her office alleged was deceptive practices that stripped consumers of their home equity. The platform closed a $3.5

Purchase and sale agreement 448

Purchase and sale agreement Equity Lending Investor 448

Housing Wire

JULY 1, 2024

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. Today’s income and property distributions echo in that pit.

Equity 530

Equity Banks Investor Finance 530