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Mom-and-pop investors are fueling the PLS market 

Housing Wire

If you were to take an inventory of deals which came out, a majority of the deals have been investor [investment property] … deals, and the prime jumbo deals have been very far and few in between.”. We are starting to see some indication of a resurgence in investor-loan issuance backed by agency-eligible loans,” the MAXEX report states.

Investors 287
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How hybrid title and valuations help increase lending efficiency

Housing Wire

Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. HELOCs provide flexible access to home equity and closing costs are typically only 2% to 5%, so it’s much cheaper than a refinance.

Valuation 241
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What does the fix-and-flip market look like right now?

Housing Wire

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

Marketing 329
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Biden tax credit to rehab homes is finally unveiled

Housing Wire

How hybrid title and valuations help increase lending efficiency. President Biden also announced the Neighborhood Homes Tax Credit, which would incentivize the rehabbing of outdated homes. In order for investors to qualify for the credit, buyers must make no more than 140% of area median income. Presented by: Altisource.

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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. I think that trend is going to continue, and you’re going to see a lot of supply of home-equity lending in the market in the future because the consumers want it.

Contracts 334
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The mortgage servicing experts at Sagent are building the future of fintech

Housing Wire

This includes making payments, analyzing and adjusting tax and insurance escrow accounts in real-time, requesting and processing help for hardships, and viewing and taking action on home value and available home equity. and see the same data their customer is seeing.

Mortgage 399
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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].”. “The senior debt offering in the securitization was oversubscribed, with participation across mutual funds, credit funds, banks and asset managers,” Unlock’s announcement of the deal states.

Marketing 357