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Hot home-equity market fueling securitization deals

Housing Wire

“All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”. 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.

Marketing 373
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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. The lawsuit, filed in 2011 in the Circuit Court of Ohio County, West Virginia, claimed that the nonbank lender wrongly influenced home appraisal values during the financial crisis.

Appraisal 416
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Title insurance industry volume rises 3.6% in Q1

Housing Wire

billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. “A A strong purchase market and continued home appreciation helped offset ongoing contraction in refinance volume to help drive the 3.6% The post Title insurance industry volume rises 3.6%

Insurance 295