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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 388
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Home-equity niche will benefit from a private-label lift

Housing Wire

“After that time, HELOC production waned as defaults spiked and home values plummeted, and HELOC securitizations effectively stopped for nearly a decade. Those 17 deals were backed by home-equity collateral valued in total at $3.9 Saluda is the borrower, and they face Barclays,” Craft explained.

Contracts 388
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Home equity is the bright gem of the housing market

Housing Wire

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. 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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What’s influencing the increase in REO acquisitions?

Housing Wire

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. We also see investor demand remain strong and an uptick in owner-occupied purchases. HW: What does the current market and demand for REO assets look like?

Inventory 417
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The crypto-mortgage is the new kid on the block

Housing Wire

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. Oasis Pro Markets is a U.S.-regulated One long-standing test in U.S.

Mortgage 460
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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

” In essence, the program allows WRRE’s sell-side clients to compete with cash-buyers, iBuyers and investors for the little inventory that’s out there when they’re ready to buy. WRRE has offers under contract plus more in the pipeline. “And then we have our agent commission.”

Brokerage 417
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Banking Failures & Their Impact On the Housing Market - Part 2 - The REO Dilemma

Eppraisal

In the last post, we looked at how bank failures can lead investors to bonds which, subsequently, pressure mortgage lenders to lower their interest rates. Do REO requirements, home value thresholds or any other criteria for sale and purchase change when a bank collapses? Investors check its listings regularly.