Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. The convergence of homeowner requirements and investor incentives has resulted in a genuine inflection moment for home equity investments (HEIs).

Equity 472

Equity Investor Residential Finance 472

Housing Wire

MAY 12, 2022

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. of mortgaged residential properties in the first quarter of 2022 had at least 50% equity in their property, according to ATTOM.

Equity 482

Equity Mortgages Residential Marketing 482

Housing Wire

MAY 3, 2022

Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap. The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. Point raised about $30.4

Equity 459

Equity Investor Loans Residential 459

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.

Equity 448

Equity Investor Technology Residential 448

Housing Wire

OCTOBER 23, 2024

According to ATTOM’s third quarter 2024 Home Equity and Underwater Report, 48.3% of mortgaged residential properties in the U.S. are considered equity rich. saw a remarkable surge in their equity , gaining an impressive $28,000 on average. According to CoreLogic, total home equity skyrocketed to an astounding $33.8

Equity 428

Equity Banks Staging Residential 428

Housing Wire

AUGUST 25, 2022

Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Lenders using Blend’s home equity product can offer personalized home equity loans and then close in a few days as opposed to multiple weeks it takes through legacy home equity processes, according to the firm.

Equity 418

Equity Loans Banks Title 418

Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Learn about the tools lenders should leverage to streamline home equity title and closing. The loans are serviced by Rushmore Loan Management Services.”. for 2021-HE2.

Equity 432

Equity Investor Marketing Title 432

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

SEPTEMBER 8, 2023

The total number of mortgaged residential properties in the U.S. with negative home equity decreased 6% in the second quarter from the prior quarter, according to CoreLogic Homeowner Equity Insights quarterly report. Negative equity applies to borrowers who owe more on their mortgages than their homes are worth.

Equity 435

Equity Residential Mortgages As-is 435

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

Equity 396

Equity Residential Loans Title 396

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

Residential 435

Residential Lending Finance Investor 435

Housing Wire

MARCH 6, 2024

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. A group of investors led by the former U.S.

Equity 432

Equity Mortgages Banks Commercial 432

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Rocket is targeting American homeowners with high household debt and credit card balances but strong home equity positions. . New Residential Investment Corp.

Equity 397

Equity Loans Lending Banks 397

Housing Wire

JULY 14, 2022

Palo Alto, California-based fintech Point , which offers home-equity investment (HEI) contracts to homeowners, is expanding its services into Nevada and Ohio. Nevada homeowners are sitting on more than $150 billion in tappable home equity, and Ohio homeowners have more than $330 billion,” said Eddie Lim, CEO and co-founder of Point. “The

Equity 397

Equity Finance Loans Residential 397

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

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5

Equity 370

Equity Lending Loans Renovation 370

Housing Wire

JULY 15, 2024

For the sake of simplicity, I will keep my comments restricted to residential real estate in the US. Offers to refinance, leverage equity, and the like have improved but rarely does AI come into play, though it could help a great deal in targeting, data matching, and prediction.

Residential 434

Residential Finance Technology Staging 434

Housing Wire

SEPTEMBER 14, 2023

For example, bank regulators in July released a plan to increase capital requirements for residential mortgages, the Basel III Endgame rules. ” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire.

Equity 416

Equity Banks Investor Residential 416

Housing Wire

AUGUST 3, 2022

Home equity climbed to a historic high of $11.5 trillion in the second quarter, but it could be nearing its peak as major equity-rich markets on the West Coast begin to show signs of decline. Black Knight calculates homeowner equity levels by leveraging loan-level mortgage performance data and its home price index.

Equity 370

Equity Loans Lending Residential 370

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Equity 363

Equity Marketing Investor Finance 363

Housing Wire

MARCH 14, 2022

HousingWire recently spoke with Jon Gerretsen, SitusAMC Managing Director of Residential New Originations and Fulfillment Services, about the home buying boom and how lenders can gain market share and drive profitability in a white-hot purchase mortgage market. The refi pull-thru fell to just 68.6%, according to Black Knight.

Equity 435

Equity Lending Loans Residential 435

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

SEPTEMBER 1, 2022

Rocket Pro TPO is diversifying its product portfolio by offering home equity loans to brokers by mid-September amid increased competition in the wholesale channel. The move follows Rocket Mortgage ‘s roll out of home equity loans in August as the firm tries to capitalize on Americans’ strong home equity positions. .

Equity 370

Equity Loans Banks Lending 370

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

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. Government residential mortgage was an exception, where standards remained basically unchanged.

Lending 496

Lending Banks Mortgages Loan Officer 496

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. Inside Mortgage Finance reported that Santander residential production totaled $2.7 billion in 2020, but there are no figures for 2021. trillion in 2022.

Banks 468

Banks Mortgages Fixed-rate mortgage Equity 468

Housing Wire

FEBRUARY 22, 2024

One-third of Hispanic household wealth could be attributed to home equity , or equity held in a primary residence in 2022. In 2019, homeowning Latino families had a median $109,081 in home equity — calculated as value of primary residence minus mortgage debt. of their net worth in their homes. of Hispanic household wealth.

Equity 435

Equity Residential Mortgages As-is 435

Housing Wire

DECEMBER 9, 2024

Residential sale-leaseback platform EasyKnock has abruptly shut down its operations after facing scrutiny from state regulators and being under fire from disgruntled consumers. After many years of serving consumers, EasyKnock has closed its doors, a message on the companys website states. An acquisition spree followed.

Equity 369

Equity Investor Residential Closing 369

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 418

Equity Loan Officer Residential Commercial 418

Housing Wire

SEPTEMBER 7, 2022

Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. . trillion in the second quarter of 2022, Black Knight expects tappable equity to drop in the third quarter, marking the first decline in three years. loanDepot and New Residential Investment Corp.

Equity 459

Equity Marketing Lending Loans 459

Housing Wire

JUNE 6, 2024

million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. reduction in residential lending activity compared to first-quarter 2023 and a 69.3%

Lending 492

Lending Mortgages Residential Loans 492

Housing Wire

OCTOBER 11, 2023

HousingWire was unable to confirm which lines of business were affected, but it follows PNC’s layoffs in July when it made “limited organizational changes” within its mortgage and home equity groups, the spokesperson confirmed. billion in consumer loans, residential real estate loans took up 46% of the total volume at $46.8

Residential 482

Residential Banks Equity Loans 482

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 427

Mortgages Fixed-rate mortgage Lending Residential 427

Housing Wire

AUGUST 6, 2020

The move comes 15 months after Thoma Bravo , a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 ICE’s decision to acquire Ellie Mae follows the company’s actions over the last four years to strengthen its hold in the residential mortgage industry. Based in Pleasanton, Calif.,

Residential 533

Residential Equity Mortgages Industrial 533

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). trillion — a 13% decline — over the past two quarters.

Mortgages 448

Mortgages Equity VA loan FHA loan 448

Housing Wire

JULY 9, 2024

Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. The CID was in conjunction with a probe “into business practices regarding residential sale-leaseback agreements which may constitute unfair or deceptive acts or practices.”

Purchase and sale agreement 448

Purchase and sale agreement Equity Lending Investor 448

Housing Wire

AUGUST 2, 2021

Banks also reported stronger demand for residential real estate loans over the second quarter, with significant demand for QM and non-QM jumbo mortgages. Meanwhile, demand for government residential mortgages, revolving home equity lines of credit (HELOCs) and subprime residential mortgage loans remained unchanged, the report said.

Mortgages 493

Mortgages Lending Banks Residential 493