Home remodeling bond sales surge as Americans avoid moving
TPG Angelo Gordon estimates there's a $2 trillion market for home equity products. Thanks to tighter lending standards, the debt also appears safer than in the 2008 financial crisis.
Home equity loans
How the secondary market is shaping home equity strategies
Securitizations are breaking new ground and whole loan investors have been active as nonbanks increasingly originate and sell second lien products.
Point Securitization returns to raise $225.5 million from home equity investments
Most of the contracts in Point Securitization Trust, 1,750 (81.64%), are second-lien as of the cut-off date.
Hildene Capital in $5 million capital raise for Button Finance
The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
Rocket Mortgage and FirstKey launch home-equity RMBS deal
The second-lien loans face low recovery post-default, especially if home prices drop.
By
John Hintze
Home equity sharing fintech Easyknock goes out of business
The company's closure comes in a year when it touted successful capital investments but also faced growing legal scrutiny.
Hometap raises $278 million through securitized home equity investment products
The class A and B notes will receive cash distributions to reduce the interest payment amount and any interest carryforward. Principal payments will follow interest payments.
Home equity investment products gain steam amid growing legal scrutiny
Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections.
Home equity agreements secure $205.7 million in MBS through Unlock HEA Trust
A trigger occurs if the reserve fund is less than 50% of the reserve fund target amount, or if the payment date where the outstanding HEA valuation is less than 80% of the starting home valuation.
Hometap raises $217 million in inaugural home equity investment securitization
The securitization from the Boston-based fintech was "significantly oversubscribed," according to the company.
How mortgage investments may evolve as bank share shrinks
Stakeholders are watching carefully as the 2023 crisis and a capital proposal increase banker wariness of mortgage assets, speakers at Invisso's MBS Forum said.
Home equity level hits a new record high
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
Wold joins Hometap to lead U.S. structured products business
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
Senior borrowing, home equity set records
The outstanding amount that people ages 62 and up hold represented a nearly $15.4 billion gain in property value offset by a record $2.32 billion in borrowing.
Point Securitization plans to sell $139.4 million in home equity investment revenues
Home equity investment (HEI) agreements homeowners receive upfront cash payments in exchange for giving an investor a stake in the property and the right to collect returns.
Hometap aims to expand further into capital markets with Newman, Gaffney hires
Newman will develop and implement the company's asset capital strategy, and lead a team focused on Hometap's optimization, structuring, pricing and go-to-market methods for various investor segments.
HELOC volume slips in 4Q, ending hot streak
Purchase and refinance mortgages continued their slide as total origination volume was $475.5 billion during the final months of 2022, down 56% from the end of 2021.
HECMs prove troublesome for some borrowers and lenders
While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and issuers alike, according to recent reports. Miscommunication and misunderstandings about the rules surrounding the Federal Housing Administration’s home equity conversion mortgage, or HECM program, are leading […]
Home equity gains are slowing
Borrowers gained an average of $34,300 in home equity since the third quarter of last year, but that's almost half the amount of growth recorded over the summer.
Reverse mortgages see steep monthly pullback in September
In the face of a growing number in home-equity products, HECM endorsements dropped nationwide by over 43% on a monthly basis to its lowest point in more than two years.
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