article thumbnail

Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments. The annual investment volume in the U.S.

Finance 441
article thumbnail

Hometap reaches $1B in home equity investments 

Housing Wire

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. The HEI provider typically recoups its initial investment and takes a percentage of the home’s future value when the property is sold.

Investing 397
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 421
article thumbnail

Polly teams up with mortgage insurance providers to streamline service

Housing Wire

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . When a quote is selected, the user will receive documentation from the applicable mortgage insurance provider.

Insurance 370
article thumbnail

Mr. Cooper closes deal to acquire investment firm Roosevelt Management Company

Housing Wire

Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., The private New York-based company, founded in 2008, manages third-party capital on behalf of insurance companies, pension funds, hedge funds and other investors. the company confirmed on Friday.

Investing 370
article thumbnail

Title insurers turn profits even as the market cools

Housing Wire

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. Overall, the company recorded a third quarter net income, excluding investment gains, of $206.2 million, dropping 14.3% year over year.

Insurance 370
article thumbnail

ICE and DeltaTerra partner on climate-informed credit risk analytics solutions for MBS investors

Housing Wire

ICE) and investment research firm Delta Terra Capital announced a partnership to offer climate-adjusted credit risk analytics for residential and commercial mortgage-backed securities (MBS). Our climate risk data can help inform investment decisions of U.S. Intercontinental Exchange, Inc.

Investors 234