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Point, Atalaya Capital close on $141M securitization

Housing Wire

Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets. Notably, this transaction is the first HEI securitization in which higher-risk, BB-rated securities were sold, reflecting strong investor demand as the deal was oversubscribed.

Investing 331
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Point, Redwood Trust issue $139M home equity investment securitization

Housing Wire

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. Point closed on its first bond issuance rated by DBRS Morningstar on Oct. Unison , another HEI firm, is working on its first deal, too, The Wall Street Journal reported.

Investing 359
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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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Single-family rental market slammed by headwinds

Housing Wire

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . of the subject [loan] pool is secured by investment properties,” the presale report states. .

Marketing 399
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work?

Contracts 143
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Fidelity joins “Big Four” counterparts in reporting record-breaking year?

Housing Wire

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 billion for 2021, a 49% increase over a year prior. billion, with $1.0

Insurance 345
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Mortgage rates continue to climb beyond 7%

Housing Wire

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. What to expect with the Fed ?

Mortgage 364