Borrower equity in the U.S. saw a third-quarter pullback, while a corresponding increase in underwater mortgages is raising concerns about the financial health and debt levels of some homeowners, according to Cotality. Processing Content Home equity levels declined by $373.8 billion year over year in the third quarter, representing a drop of 2.1% to approximately […]
US home equity drops $374B as underwater mortgages rise Read More »
Funds managed by Blue Owl Capital, the New York-based alternative asset manager, has made a $2.5 billion investment in Point, a leading home equity investment (HEI) platform, to help the latter expand its business. Processing Content The collaboration has brought HEI-backed securitizations to market in the past, raising $390 million in November and $248 million
Blue Owl widens Point HEI platform with $2 billion investment Read More »
Many Americans may not know it, but they’re sitting on a gold mine just waiting to be tapped. The total equity held in real estate by homeowners is now nearly $36 trillion, according to the latest Federal Reserve data. That marks an increase of over $175 billion over the past year. When measured as a
Appraising the evolution of home equity usage Read More »
Blue Owl Capital announced Tuesday that it’s making a $2.5 billion commitment in funds it manages to home equity investment (HEI) platform Point. The newss comes just one month after the companies issued the largest securitization ever completed in the HEI space. The new capital will allow Palo Alto, California-based Point to originate about $10
Blue Owl funds commit $2.5B to Point for home equity investments Read More »
Shared-appreciation contract provider Hometap announced a new capital raise this week, which comes at the end of a year when several tailwinds helped fuel growth for equity investment products and loans. The Boston-based home equity investment platform this week secured $50 million in new funding led by affiliates of Gallatin Point Capital. The company plans
Hometap’s new funding caps a big year for HEI growth Read More »
U.S. lenders are racing to tap homeowners’ record equity, rolling out new HELOCs, non-QM loans, and even blockchain-backed products to capture market share. Boston Consulting Group’s third quarter recap noted that banks are focusing their mortgage operations on deepening customer relationships in order to grow, and this includes increasing second-lien lending. “Lenders continue to expand
From HELOCs to blockchain: home equity moves forward Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now The mortgage industry has invested a huge amount of time and money to create products for tapping the vast amount of home equity equity inside the 145 million residential homes in the US.
The second-lien push that won’t quite catch Read More »
Home equity investment companies were busy last month, securing investments and issuing securitizations. READ MORE: Home equity investment products set to soar, experts say The following is a roundup of recent news from some of those firms making moves in the marketplace. Myriad Group invests in The Home Equity Partners The Home Equity Partners, a
3 things that happened in home equity investment last month Read More »
Key insight: Consumers’ use of home equity lines of credit is rapidly growing, as homeowners look to tap into the value of their houses, but banks are losing market share. Supporting data: Banks hold just under two-thirds of total HELOC debt, compared with the more than 80% they held some 15 years ago. Forward look:
Banks are losing share in rapidly growing HELOC market Read More »
Rates have dipped enough to stir refinancing and home-equity borrowing, but not enough to ease the strain on stretched homeowners. New industry data shows mortgage originations rising in the second quarter and home equity lending climbing for a fifth straight quarter, even as third-quarter delinquencies edged higher, signaling growing stress for some borrowers. Originations climbed
Refis revive mortgage market, but trouble’s brewing Read More »