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A San Francisco-based financial technology company is facing a class-action lawsuit that could further upend the burgeoning home equity investment (HEI) industry. The case, filed in September in the Superior Court of California for the County of San Francisco, alleges that Unison Agreement Corp. uses predatory “equity sharing” contracts to trap homeowners in unlicensed, usurious […]

Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about interest rates as higher energy costs have fueled inflation expectations. Higher inflation begets higher rates, all else equal. But rates take other cues, or course. One key consideration is that of

The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of