article thumbnail

Mortgage Equity Withdrawal Increased Sharply in Q4 2021

Pro Builder

Mortgage Equity Withdrawal Increased Sharply in Q4 2021. Mortgage debt is up $1.05 In the mid-2000s, the housing bubble led to a $250 billion increase in mortgage debt per quarter as homeowners borrowed heavily against their perceived home equity, and Q4 2021 saw a similar trend as mortgage debt increased by $245 billion.

Equity 59
article thumbnail

FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. cbroderick. Mon, 06/28/2021 - 09:41.

Debt 98
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Contech continues funding tear

Construction Dive

From autonomous buildings to alternative materials, these firms raised money recently via equity and debt financing, despite economic headwinds.

Debt 125
article thumbnail

Ilke Homes went under owing £320m

Construction Enquirer

The scale of the modular house builder’s debts can be revealed after the Enquirer saw a statement of proposals issued to creditors by administrator AlixPartners. Money owed to unsecured creditors was £249m with the vast majority – £226m – made up of inter-company debts associated with losses suffered by equity investors.

Debt 97
article thumbnail

Types of Capital for Construction Businesses

Levelset

Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. For most businesses, working capital will be front of mind, but debt capital and equity capital serve important purposes as well. Debt capital. 3 types of capital for construction.

Debt 97
article thumbnail

Record Appreciation Is Sending Homeowner Wealth Soaring

Pro Builder

Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.

article thumbnail

McDermott exits Chapter 11 bankruptcy

Construction Dive

billion of debt and provides the energy contractor's management with 7.5% of newly issued equity. The reorganization eliminates $4.6