Tag Archives: Asset

More Americans turn to home equity for retirement funding Axios outlines how home is increasingly being used as an asset for retirement funding, but some states are seeing equity levels decline

Americans are increasingly turning to home equity for funding their retirement plans — especially through relocation and downsizing — after the pandemic led to a large uptick in home equity levels, according to data from Vanguard Group and reporting by Axios. “People still need a place to live in retirement and rarely take advantage of reverse […]

Shift’s new asset offering supports SMEs

SME fintech lender Shift has launched a new program giving businesses consistent and easy-to-access credit for asset purchases. Equipment Line is designed to help brokers and their customers initiate transactions ranging in value from $2,000 to $500,000 in one day, with a total account threshold of up to $1 million. Following the initial registration process, […]

Asset finance applications tumble

Demand for asset finance and business credit has declined year-on-year as interest rate rises, inflation and supply chain pressures begin to hit home for Australian businesses. Releasing its Equifax Quarterly Commercial Insights – June 2022 report (formerly known as the business credit demand index), credit bureau Equifax found asset finance applications dropped by 9.1% in […]

T.’s more blood on the tracks in the non-QM market REIT Western Asset Mortgage Capital, coping with red ink and underwater non-QM loans, is exploring a sale or merger

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The REIT, which is managed by investment advisor Western Asset Management Co. LLC, recently announced that it is exploring a potential company sale […]

Bank statement loans and asset depletion to qualify?

The Fed admits the economy is slowing Here’s what that means By DDA Mortgage • 29 Jul, 2022 • The Federal Reserve hiked rates 0.75% on Wednesday, which was mostly expected by market participants before the announcement. The question is, will the Fed keep aggressively hiking rates if the economic data worsens? I say this […]

How is asset finance performing?

Supply chain disruptions along the east coast, wet weather and the flu are affecting the asset finance space, according to Sydney non-bank lender Grow Finance. These factors are making it challenging to secure more goods and materials to distribute across Australia as domestic supply chain issues continue. Grow Finance executive directors Gregory Woszczalski (pictured above […]

No income /No asset on Primary/second homes

Purchasing a home with a Reverse Mortgage and not having a mortgage payment By DDA Mortgage • 30 May, 2022 • Buying a home with a Reverse Mortgage You have enough cash for a $300,000 home but the your dream home is a $400,000 home. How can you do this, no monthly principle and interest […]

Asset Depletion when you do not have a job to get a mortgage

have lots of assets and no verifiable income with w2s, tune in and learn about asset depletion and see if it works for you  Start Your Loan with DDA today Your local Mortgage Broker Mortgage Broker Largo See our Reviews Looking for more details? Listen to our extended podcast!  source