An upcoming ratings agency event in New York will examine the home-equity investment market and the residential transition loan industry. Residential mortgage-backed securities transactions featuring RTL products closed today. Two first mortgages deals closing this month feature a few junior lien loans.
HEI News
News Coverage of Home Equity Investment (HEI) contracts, Home-Equity Agreements (HEAs) and Other Shared Appreciation Products
CES, HEI and Hybrid Products Promoted
Closed-end seconds relying on bank statements and a new hybrid loan product in the Silver State are among the home-equity finance offerings being touted by originators aiming to appeal to underserved homeowners. Promotional materials from a provider of home-equity investment contracts offers insight into the costs and profits on the agreements.
🔒2nd HEI Issuance of 2025 Has CA Concentration
A second securitization of home-equity investment contracts this year is scheduled to close later this month. The transaction includes a substantial allocation of contracts tied to California homes, along with a notable portion backed by Florida properties.
HEI & HELOC Tech Talent Sought, New Citizens President
An analytics engineer is being sought by Unlock Technologies, which is willing to pay up to $180,000 in annual compensation. HomeEQ named an executive to lead expansion of its digital home-equity line-of-credit platform and broker-focused strategy. Figure Inc. is advertising two senior product manager openings, each with target base compensation approaching $160,000 annually. A new president has been named at Citizens Financial Group.
Home Equity Stats: Remodeling, Attitudes, Peformance
More than half of home remodels were funded using home-equity financing, according to new survey data. Another survey by an equity-sharing provider shows American property owners increasingly trust their home’s value more than government retirement benefits. Global credit performance indicators reflect improved outcomes on real estate-secured credit lines.
Product Journal: Alt CES Programs Emerge for TPOs
A bank and a non-QM correspondent investor are offering closed-end second mortgage programs with alternative income verification to third-party originators. A non-QM wholesaler is promoting its own CES program, while a recently launched small business-focused initiative introduces pricing concessions for home-equity lines of credit and closed-end junior liens aimed at entrepreneurs. The rate on a shared-equity junior lien product has […]
🔒YTD Surge in Home Equity Issuance Despite MoM Tumble
Monthly securitizations of home-equity lines of credit plummeted by almost three-quarters on a month-over-month basis, while issuance of closed-end second residential mortgage-backed securities sank by more than $1 billion. Despite the monthly setback, year-to-date issuance has still surged more than 80 percent above last year’s pace. No home-equity investment bonds were rated during the month.
🔒Tech, HEI Lead Home Equity Executive Activity
Executive changes across home-equity finance have recently been concentrated in roles tied to technology or home-equity investments, with some also reflecting capital markets expansion. Salaries listed for some of the open jobs range from $90,000 to $180,000.
HEI Today: Popularity Persists Amid Regulatory Ambiguity
As a bright light shines on the home-equity investment sector, a growing patchwork of state regulation casts a shadow. The industry offers access to built-up housing wealth for homeowners unable to qualify for traditional lending, an increasingly attractive option as property values have soared.
HEI Report Warns of Homeowners Unable to Access Equity
Amid unprecedented levels of home equity, millions of U.S. property owners will encounter job losses and could find themselves unable to tap into their housing asset through lending channels, a new report from a provider of home-equity investment contracts shows. Despite efforts by the sector to increase utilization of their products, HEI business still only accounts for a fraction of home-equity finance originations.
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