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Home equity could make a difference for long-term care funding (but there’s a catch)

Housing Wire

population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. As the gap between high- and low-income homeowners widens, the equity they’ve built up in their homes could make a difference in the equation. As the U.S.

Design 417
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Rock Venture’s Trina Scott to speak at HousingWire Annual

Housing Wire

In her current role, Scott develops strategy and infrastructure that fosters a culture of equity and inclusion – leveraging the diverse perspectives of Rock Venture’s team. She spent the previous 10 years with a public accounting firm where she focused on the company’s corporate social responsibility efforts. Not an HW+ member yet?

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Mortgage stocks are in free fall. So what’s next?

Housing Wire

Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. It was, after all, a once-in-a-lifetime opportunity for founders and private equity backers to cash in on historic origination volume. How could they resist?

Mortgage 383
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These mortgage lenders have cut jobs in 2022

Housing Wire

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

Mortgage 417
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The strategy behind UWM’s multibillion dollar investment

Housing Wire

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. Smaller players that have limited access to liquidity may be forced to downsize or get consolidated. . “He million includes $412.7

Investing 407
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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. Scholars have called zoning laws a “straitjacket” on housing growth, an impediment to improving our personal and public economic health.

Law 36
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Inside the government’s feeble fight to end redlining

Housing Wire

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. Banks then quietly withdraw their application, rather than face a public denial. But there was a catch. Nowhere in CRA is there mention of race.

Lending 370