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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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Pensacola , Florida California homeownership America Connecticut Maryland Florida
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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: "Hometap"


2 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
☆ More people will make thousands by selling stakes in their homes to Wall Street firms, according to one company that already sees elevated interest from homeowners
  + stars: | 2023-02-10 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +3 min
But high mortgage rates are making it difficult for homeowners to take advantage of this wealth. Home equity investments are a way to raise cash without taking out a new loan. However, higher mortgage rates have made it more difficult for Americans to take advantage of this wealth. He said the company foresees "strong demand" for the home equity investments in the coming months. According to a Redfin analysis of government data, 85% of US homeowners tote a mortgage rate far below today's level of 6%.
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