A new white label offering for home-equity lines of credit is designed to address a critical gap for smaller lenders who find it challenging to profitably originate low-dollar loans. Home-equity investment products could be on the horizon for the platform.
HEi
Home Equity Investment News
Coverage of home-equity investments (HEIs), home-equity agreements (HEAs) and shared equity transactions.
Jr Lien DPA Utilizes Shared Appreciation
A financial services organization based in North Texas has unveiled an expanded junior-lien down payment assistance program that utilizes shared appreciation.
🔒Provider of HEi for Home Purchase Acquired
Rook Capital, which provides home-equity investment products for new home purchases, has been acquired by an integrated real estate company.
🔒HEi Provider Point Targeting Institutional Investors
Point Digital Finance Inc. has hired a seasoned capital markets executive to broaden its base of institutional investors for its home-equity investment products.
Rocket Tops Home Equity SEO, Point Tops HEi SEO
When it comes to home-equity search phrases, Rocket Mortgage LLC has overtaken U.S. Bank as the lender with the best search engine optimization. On the home-equity investment side, Point was engaged in the most successful SEO strategy.
🔒Q1 2nd Mortgage Bond Issuance Soars, Yields Retreat
Bonds backed by home-equity product saw a significant surge in issuance during the first quarter of this year. Behind the acceleration were closed-end home-equity loans. Overall deal yields were down 0.07 percentage points on a quarter-over-quarter basis.
Introduction to Home Equity
FREEBy SAM GARCIA Facing declining originations because of high interest rates, traditional first mortgage lenders — who are losing more than $2,000 for each loan they make — are exploring opportunities in the home-equity market. There are three distinct product types for them to consider. While home-equity products were all but abandoned following the Great Financial Crisis, banks slowly returned — […]
Vista Point Mortgage Enhances Correspondent CES Product
By PAUL HUGHES Vista Point Mortgage LLC is now offering its correspondent lending clients an enhanced closed-end second mortgage product on residential properties with up to four units, and its plans are to add home-equity lines of credit to the menu while eyeing shared-equity products.
🔒First HEi Issuance in 2024 is Biggest Since at Least 2020
This year’s first home-equity investment issuance is the largest HEi transaction since at least 2020.
New Firm Targets Home Equity Compliance, Has HEi Advice
By PAUL HUGHES A recently launched company founded by industry heavyweights has included home-equity compliance support among its financial services offerings. With many first mortgage players getting back into second mortgage lending, they are advised to re-acquaint themselves with today’s home-equity products and closely examine compliance challenges. The new business also has some advice for originators of home equity investments.
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