Home Equity Shines: Hometap Quoted in HousingWire's State of the Market
October 5, 2023
Home equity investments are proving the exception in a tough market, HousingWire's Bill Conroy found in a recent feature assessing the state of play for the industry.
Noting continued HEI growth and deal activity in a challenged year for the broader housing finance landscape, Conroy eyed capital markets engagement as a budding tool to fulfill HEIs' potential and continue to support scale. "Hometap sees the recent ratings methodology developed for the shared-equity (HEI or HEA) space by DBRS Morningstar as an attractive opportunity for expanding liquidity and deal flow," he writes.
"The establishment of marketable securities and a bond market for HEI is already attracting more capital into the space, which augurs further opportunity to help provide our HEI financing alternative to homeowners," CEO Jeff Glass added.
More on this and a range of topics in the full feature article (subscription required) here.