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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. 36,000 Surplus per Sale. Over the past five years, more than $1.2

Equity 459
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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

In the first year, each agency should implement a Section 515 loan product while providing additional equity investments to Community Development Fund Institutions (CDFIs) that are engaged in Section 515 financing. “The GSEs should purchase mortgage products that increase liquidity in the Section 515 market,” the publication recommends.

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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Instead, investors bought the run-down properties in bulk sales.

Equity 397
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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans.

Land 490
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In Q1 earnings, Longbridge parent expects reverse mortgage market to improve

Housing Wire

In origination, improved gain-on-sale margins for Home Equity Conversion Mortgages (HECMs) that were driven by tighter HECM yield spreads “were mostly offset by a decline in overall origination volumes,” he added. This also added to Penn’s commentary about where the company expects future ADE growth to come from.

Mortgages 243
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Q3 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. from the second quarter of 2024, to currently about 990,000 homes with negative equity, or 1.8%

Equity 98