U.S. homeowners today are armed with a record amount of home equity 𑁋 nearly $32 trillion, according to the latest data from the St. Louis Federal Reserve. Many of these homeowners are locked into […]
New York City-based fintech startup Hitch announced the launch of its Hitch Home Equity White Label program in partnership with United Mortgage Corp. This iteration signals Hitch’s smooth transition from the direct-to-consumer market to […]
Digital lender Better.com launched its One Day Home Equity Line of Credit (HELOC) product that will provide approval decisions to consumers within 24 hours of locking their interest rate. Better launched its first HELOC […]
Angel Oak Mortgage Solutions LLC, an Atlanta headquartered nonbank wholesale and correspondent non-qualified mortgage lender, has launched the Angel Oak Bank Statement Home Equity Line of Credit (HELOC) product. According to the company, the new […]
The post Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook appeared first on Weekly Real Estate News.
The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. And now, with the impact of […]
Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. However, the standard HELOC isn’t the right choice for everyone. HousingWire recently spoke with Adrian Prieto, SVP of wholesale […]
Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit. The securitization — which is the process of bundling mortgages into […]
Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Established at the start of 2022, Hitch will give […]
I hear investors ask all the time: “Can I use a home equity loan to buy another house?” Fortunately, the answer is a resounding yes. And not just home equity loans, but also HELOCs, blanket mortgages, and […]
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