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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. 21, according to Mortgage News Daily.

Marketing 379
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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

Appraisal 413
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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% Overall, title underwriters paid of $132.7

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