As the U.S. 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. A reverse mortgage can... Read more »
Cushman & Wakefield appointed executive vice chair Rob Rubano as head of Equity, Debt & Structured Finance (EDSF) for the Americas. He is based in Los Angeles and reports to Dan Broderick,... Read more »
Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes, the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases.... Read more »
California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak. “Pennymac’s broker partners can now offer their clients a home... Read more »
Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Mortgage holders withdrew a mere... Read more »
With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. But it’s not... Read more »
Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The two companies issued the first-ever securitization backed entirely... Read more »
The use of artificial intelligence (AI) is poised to grow amid higher origination costs and greater competition, but without correcting the underlying causes of bias in data, AI models can embed racial... Read more »
eXp Realty launched a new program to attract more teams, the Thrive program, to agents in the United States and Canada, the company announced Friday. Earlier this year, the company launched its... Read more »