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Top related persons:
Kennis Schummer - 1 Schummer - 1 Laurie Goodman - 1 Goodman - 1 he'd - 1 Eoin Matthews - 1 — - 1 Hometap - 1
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Consumer - 1 Urban Institute - 1 Federal Reserve - 1 Bain Capital - 1 Palisades Group - 1 Redwood Trust - 1 Getty - 1 Consumer Federation of America - 1

Search resuls for: "Eoin Matthews"


3 mentions found


☆ Home Equity Loan Alternative Could Revolutionize the Housing Market
  + stars: | 2024-02-28 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +16 min
Like a lot of homeowners, Schummer was keen to convert some of his theoretical wealth into real cash. These kinds of deals, often referred to as home-equity-sharing agreements or home-equity investments, have existed on the fringes of housing finance for decades. The success or failure of home-equity investments could shape the future of homeownership in America. If the home's value has gone up, everyone wins; sell it for a loss, and the investor might share in that downside. "Over time for us, the customer becomes everybody," Eoin Matthews, the chief business officer and a cofounder of Point, told me recently.
Persons: Kennis Schummer, Schummer, Laurie Goodman, Goodman, he'd, Eoin Matthews, —, Hometap, Jim Riccitelli, Riccitelli, Adam Rust, Rust, Rust wasn't, I'm, Jordan Gilberti, Holly Bunting, Mayer Brown, Edwin Remsberg, Matthews, they'd, Jeffrey Glass, Glass, I've, he's Organizations: Consumer, Urban Institute, Federal Reserve, Bain Capital, Palisades Group, Redwood Trust, Getty, Consumer Federation of America Locations: Pensacola , Florida, California, homeownership, America, Connecticut, Maryland, Florida
☆ Real-estate tech firms are getting hammered by a cataclysmic reckoning that one VC called a cross between the 2001 dot-com bust and the 2008 market crash
  + stars: | 2022-11-16 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +10 min
The proptech sector is battling two challenges at once: a slowing housing market and a tech bust. For almost a decade, a growing group of companies have thrived by introducing tech innovations to a stubbornly analog real-estate industry. "Now we're seeing something that feels like a confluence between the 2001 dot-com bust in the venture-capital world and the 2008 market crash in real estate. Shares of both Opendoor and Redfin, which once drew investor attention to the soaring proptech industry, are worth roughly one-tenth what where they were a year ago. The company hasn't laid off any of its 300-person staff — including a roughly 50-person tech team — and doesn't plan to, Matthews said.
☆ Homebuyers battling high mortgage rates could soon have a new option: sell a stake in their future home for as much as $250,000 toward a down payment
  + stars: | 2022-11-03 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +7 min
The next frontier: making similar investments to buyers who need help with a down payment. Down-payment investments could help them avoid those costs, which can amount to hundreds of dollars a month. So we're gearing up for that," Riccitelli said, adding that down-payment investments represented "a massive opportunity." Indeed, one of the industry's trailblazers, Unison, stopped offering down-payment investments earlier in the pandemic, choosing instead to focus on traditional home-equity agreements. "One of the big mortgage companies is going to have to get in on it," the executive added.
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