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 […]
Tag Archives: Asset
27
Aug
Aug
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, […]
17
Aug
Aug
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 […]
Real Estate World
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
09
Aug
Aug
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 […]
01
Aug
Aug
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 […]
26
Jul
Jul
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 […]
07
Jun
Jun
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 […]
29
Mar
Mar
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