Figure Lending now operating under the new umbrella brand, Figure Technology Solutions (FTS).
Tagged: Home Equity
Homeowners witness significant equity surge of $1.3 trillion with Northeastern states making the biggest gains.
Intercontinental Exchange, Inc. data reveals a 5% drop in income share for median home purchases, alongside rising home equity and increased refinance incentives, signaling a more favorable real estate environment.
The fourth quarter of 2023 witnessed a drop in equity-rich properties, signaling a potential shift in the housing market, while seriously underwater mortgages saw a slight increase.
Listen to Mortgage Banker Magazine's July 2023 Cover.
Average homeowner gains over $20,000 in wealth.
High interest rates are compressing usage by 55% or $54B.
While nearly half of U.S. mortgaged homes remain equity-rich, data indicates a downturn in recent quarters.
Reverse mortgage offering allows homeowners 55+ to tap into home equity without added monthly costs or altering primary rates.