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Hot home-equity market fueling securitization deals

Housing Wire

Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. In exchange, the homeowner inks a contract providing the company with a slice of the homeowner’s future equity.

Marketing 383
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On Q Financial about Celebrity: “There’s nothing left to acquire”

Housing Wire

The company would assume leasing contracts, computers and other assets from the branches. Arizona-based On Q Financial, founded in 2004, originated $2 billion last year in 46 states. However, On Q Financial was not acquiring the loan pipeline or Celebrity’s equity. The company has a distributed retail platform, Lamb said.

Retail 284
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Home-equity investment pioneer Unison taps the secondary market

Housing Wire

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts. Unison also shares some of the downside if the property loses value over the course of the contract.

Investing 352
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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009. ” According to the Fourth Circuit decision in March, plaintiffs are entitled to summary judgment on their claims for conspiracy and unconscionable inducement, but not for the claim regarding breach of contract.

Appraisal 417
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Title insurance industry volume rises 3.6% in Q1

Housing Wire

A strong purchase market and continued home appreciation helped offset ongoing contraction in refinance volume to help drive the 3.6% While the overall expense to purchase a home has increased significantly the past few years, the cost of title insurance coverage has decreased 7% since 2004. million), Florida ($696.6 million). “The

Insurance 304
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Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

McKissock

From 2004 to 2013, Dan was a member of the Pennsylvania State Board of Certified Real Estate Appraisers, serving for five years as vice-chairman and three years as chairman. He has also has served as a contracted expert witness appraisal reviewer for the Pennsylvania Department of State.

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7 best real estate schools in Illinois (IL) for 2024

Housing Wire

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced. out of 5 stars Rating: 4.5