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Home equity products light up a dark housing market

Housing Wire

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.

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Home equity is the bright gem of the housing market

Housing Wire

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. Our contract is little different in that we share part of the entire home value at the end of the contract. “Our

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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 395
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Portland, Maine housing market is a “full-on frenzy”

Housing Wire

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A balanced market, Davin said, requires five to six months.

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Fractional home-equity lender Point raises $115 million 

Housing Wire

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 423
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Pennymac to issue $650M in unsecured debt

Housing Wire

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. In October, HousingWire reported that Freedom Mortgage and PennyMac Mortgage Investment Trust moved to raise money through debt offerings with high investor demand. For example, Freedom raised $1.3

Contracts 383
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Mortgage rates rise again following two weeks of declines

Housing Wire

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. What to expect from the Federal Open Market Committee meeting next week ? How are mortgage rates affecting the housing market ?

Mortgage 431