Home equity loans

Most of the contracts in Point Securitization Trust, 1,750 (81.64%), are second-lien as of the cut-off date.

The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.

Their worries center on fears the new duties could impact their personal finances, according to a new survey from home-equity investment platform Point.

The broad rise in the share of underwater loans across the country this winter came as borrower distress grew and home prices pulled back in some regions.

While artificial intelligence can quickly analyze and compare products for consumers, social media and other online tools still serve to educate them.

Once regulatory clarity emerges, the home equity investment space will attract more investors and potential new originators, a panel of industry experts said.

The Massachusetts attorney general noted some consumers were caught by surprise when they realized the full cost of their agreements after signing.

The state bill would also mandate third-party appraisal of properties and offer a three-day window for consumers to withdraw from agreements.

Legal arguments in this case hinge on whether products offered by HEI platforms should fall under the Truth in Lending Act.

A year that saw businesses express growing interest in the segment ended with a more subdued outlook due to interest rate trends, according to a new report.