HEA

Unlock Technologies and Saluda Grade Announce Close of Second Rated Home Equity Agreement Securitization

Retrieved on: 
Friday, April 5, 2024
Saluda Grade, RMBS, Jefferies Financial Group, Insurance, HEA, Texas Capital Bank, Barclays, Sale, BBB, Security (finance)

NEW YORK, April 5, 2024 /PRNewswire-PRWeb/ -- Unlock Technologies (Unlock) a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have closed its second rated home equity agreement (HEA) securitization.  

Key Points: 
  • NEW YORK, April 5, 2024 /PRNewswire-PRWeb/ -- Unlock Technologies (Unlock) a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have closed its second rated home equity agreement (HEA) securitization.
  • This second rated securitization is further evidence of the home equity agreement becoming a mainstream asset class.
  • In the securitization, Saluda Grade placed $197 million of notes, with the deal oversubscribed.
  • "This second rated securitization is further evidence of the home equity agreement becoming a mainstream asset class," he says.

UPDATE: BSI Financial Services Chosen as Backup Asset Manager for First-Ever Rated Home Equity Agreement Securitization

Retrieved on: 
Friday, October 13, 2023
Senior, Automation, HEI, High-entropy alloy, HEA, FICO, BSI, The Unlocking Technology Act of 2013, BB, TransUnion, BBB, Bank, Unlock

IRVING, Texas, Oct. 13, 2023 /PRNewswire/ -- BSI Financial Services, a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization, the industry's first rated securitization of home equity agreements (HEAs). The $224 million securitization consists of Class A and B notes with ratings of BBB (low) and BB (low) from DBRS Morningstar, which finalized its ratings criteria for the HEA asset class earlier this year.

Key Points: 
  • IRVING, Texas, Oct. 13, 2023 /PRNewswire/ -- BSI Financial Services , a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization , the industry's first rated securitization of home equity agreements (HEAs).
  • BSI is now working as the primary or backup servicer for four of the top five providers in the burgeoning home equity investment (HEI) market.
  • "BSI Financial is thrilled to be a part of this industry first," said Allen Price, Senior Vice President of BSI Financial Services.
  • With decades of experience in asset management, BSI Financial brings a track record of technology innovation to bear on HEI asset management.

BSI Financial Services Chosen as Backup Asset Manager for First-Ever Rated Home Equity Agreement Securitization

Retrieved on: 
Thursday, October 12, 2023
Senior, Automation, HEI, High-entropy alloy, HEA, FICO, BSI, The Unlocking Technology Act of 2013, BB, TransUnion, BBB, Bank, Unlock

IRVING, Texas, Oct. 12, 2023 /PRNewswire/ -- BSI Financial Services, a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization, the industry's first rated securitization of home equity agreements (HEAs). The $224 million securitization consists of Class A and B notes with ratings of BBB (low) and BB (low) from DBRS Morningstar, which finalized its ratings criteria for the HEA asset class earlier this year.

Key Points: 
  • IRVING, Texas, Oct. 12, 2023 /PRNewswire/ -- BSI Financial Services , a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization , the industry's first rated securitization of home equity agreements (HEAs).
  • BSI is now working as the primary or backup servicer for four of the top five providers in the burgeoning home equity investment (HEI) market.
  • "BSI Financial is thrilled to be a part of this industry first," said Allen Price, Senior Vice President of BSI Financial Services.
  • With decades of experience in asset management, BSI Financial brings a track record of technology innovation to bear on HEI asset management.

Unlock Technologies, Saluda Grade Announce Close of First Rated Home Equity Agreement Securitization

Retrieved on: 
Thursday, October 5, 2023
Baird, Jefferies, Texas Capital Bank, BB, Retirement, The Unlocking Technology Act of 2013, Saluda Grade, Insurance, Barclays, Sale, HEA, BBB, Financial services, Security (finance), Unlock

NEW YORK, Oct. 5, 2023 /PRNewswire-PRWeb/ -- Unlock Technologies (Unlock) a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have closed the industry's first rated securitization. 

Key Points: 
  • NEW YORK, Oct. 5, 2023 /PRNewswire-PRWeb/ -- Unlock Technologies (Unlock) a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have closed the industry's first rated securitization.
  • Unlock's home equity agreement is a purpose-built, inclusive financial solution that helps everyday American homeowners address their financial challenges.
  • DBRS Morningstar finalized its ratings criteria for the home equity agreement (HEA) asset class earlier this year, paving the way for Unlock and this first rated securitization in the industry.
  • "A rated securitization is the only way for an asset class to become mainstream," said Ryan Craft, CEO of Saluda Grade.

OP ED: Unraveling the Truth Behind Student Loan Interest Rates and Offering a Solution

Retrieved on: 
Friday, September 29, 2023
School, Democracy, Education, Policy, Higher, Federal Family Education Loan Program, Student, Retirement, Education Act 1944, Federation, Ageing, Forgiveness, HEA, Sallie Mae, Nursing, Bank, Credit, Experian

LOS ANGELES, Sept. 29, 2023 /PRNewswire/ -- After a three-year pause, student loan payments are set to resume on October 1st for over 43 million Americans. In the United States, more and more people are taking student loan debt into retirement and 3.5 million Americans 60 and older hold over $125 billion in student loans.1 In many other countries the cost of higher education is marginal, and in Germany and Scandinavian countries, which are nations with some of the best school systems in the world, it is free. Any country that chooses not to prioritize higher education makes itself less competitive

Key Points: 
  • Any country that chooses not to prioritize higher education makes itself less competitive
    Student loan debt is crippling our nation, and it is the interest that is at the crux of the student loan crisis.
  • However, this well-intentioned effort ultimately led to the current $1.77 trillion student loan debt crisis.
  • In 1972, Sallie Mae, operating under HEA, became a government-sponsored enterprise, purchasing federally guaranteed student loans from banks to increase loan availability.
  • Current student loan interest rates are as high as 9%.

Leap Launches Commercial Real Estate Agent Education Program

Retrieved on: 
Thursday, July 27, 2023
Small business, Matrix Realty Group, Inc., LEAP, Investment, Risk, High-entropy alloy, Growth, HEA, Financial services

LOS ANGELES, July 27, 2023 /PRNewswire/ -- Leap Analytics Inc. (Leap), a fintech real estate investment firm, today announced it has launched educational training sessions for commercial Realtors® on how to utilize Home Equity Agreements (HEAs) to activate capital locked in commercial real estate investments.

Key Points: 
  • LOS ANGELES, July 27, 2023 /PRNewswire/ -- Leap Analytics Inc. ( Leap ), a fintech real estate investment firm, today announced it has launched educational training sessions for commercial Realtors® on how to utilize Home Equity Agreements (HEAs) to activate capital locked in commercial real estate investments.
  • Leap now provides online, on-demand and in-person training for commercial agents — with individuals and through larger firms — on how small business owners and homeowners can leverage the equity in their existing properties for growth.
  • Specifically, Leap will educate and train commercial agents on its Leap Revive product , which is an HEA designed to support the capital needs of small businesses over a period of 10 months to three years.
  • Leap's HEA solutions can help real estate owners and investors access capital without the risk of high-interest rates or monthly debt.

NCLA Warns Dept. of Education that Proposed Student-Loan Plan Lacks Congressional Appropriation

Retrieved on: 
Tuesday, February 14, 2023
Comment, Education Act 1944, The Department, Widener University Commonwealth Law School, Legislation, HEA, Treasury, Privacy Office of the U.S. Department of Homeland Security, Congress, NCLA, Wharton School of the University of Pennsylvania, Bank, Education

The Department mistakenly claims authority to amend current law administratively based on 1993 amendments to the Higher Education Act (HEA).

Key Points: 
  • The Department mistakenly claims authority to amend current law administratively based on 1993 amendments to the Higher Education Act (HEA).
  • The Department estimates that its proposed plan would cost the Treasury $138 billion in debt cancellation.
  • The Department essentially claims that the 1993 HEA amendments conferred unfettered unilateral discretion on the Secretary of Education.
  • NCLA hopes that our comment will cause the Department to rethink the wisdom of promulgating this proposed rule.

Leap Launches Educational Video Series About Home Ownership

Retrieved on: 
Tuesday, August 16, 2022
Bete, LEAP, High entropy alloys, CEO, Facebook, Credit score in the United States, Research, Founder, Instagram, Importance, Twitter, Mortgage loan, Social media, Color, Bias, HEA, Anatomy, LinkedIn, American Dream, Real estate, Credit

LOS ANGELES, Aug. 16, 2022 /PRNewswire/ -- Leap Analytics Inc. (Leap), a fintech real estate investment firm with a mission to empower underserved communities to help close the wealth gap, today announced the launch of its four-part educational series designed to demystify the financial process of the homeownership. The first video educates potential homeowners on key considerations about the general home buying process.

Key Points: 
  • LOS ANGELES, Aug. 16, 2022 /PRNewswire/ -- Leap Analytics Inc. ( Leap ), a fintech real estate investment firm with a mission to empower underserved communities to help close the wealth gap, today announced the launch of its four-part educational series designed to demystify the financial process of the homeownership.
  • The first video educates potential homeowners on key considerations about the general home buying process.
  • Leap utilizes advanced technology to remove bias from the HEA application process and to expedite applications.
  • Please visit www.Leaphea.com for more information on Leap HEAs, and educational resources regarding the mortgage industry and homeownership.

Leap Launches Home Equity Sharing Capital Access Program and Robust Education Platform to Help Close Wealth Gap

Retrieved on: 
Tuesday, June 21, 2022
Solution, Education, DEI, Bias, Science and technology in Asia, LEAP, Color, HEA, DTI, ESG, High entropy alloys, Financial services, Insurance, Real estate, Bank

LOS ANGELES, June 21, 2022 /PRNewswire/ -- Leap Analytics Inc. ("Leap"), a fintech real estate investment firm that seeks to transform the home finance marketplace and empower historically underserved communities to help close the wealth gap, today announced the launch of its full-service website, featuring free financial education resources and information regarding its customized Home Equity Agreements (HEAs).

Key Points: 
  • Our goal is to narrow the wealth gap in this country by focusing on education and developing solutions that earmark funds to enhance our clients' financial relevancy, while expanding their access to financial opportunities."
  • Home equity is a $19 trillion market in the United States and access to home equity is still the leading wealth generator in the country.
  • HEAs, also known as Home Equity Investments (HEIs), are a new asset class allowing homeowners to access the equity accrued in their homes.
  • Our mission is to close the homeownership and wealth gap by providing real estate education and financial literacy for all."

HEA and PECAA Launch Unified Brand and New Membership Experience, Creating the First-Ever All-In-One Buying Group and Doctor Alliance

Retrieved on: 
Wednesday, March 23, 2022
Family, Consumer, Health, Men, Optical, Exhibition, Human, OWA, Organization, Multimedia, Molly McGrann, Integral, CEO, Learning, HEA, Industry, Goal, Practice management, Optometry, Solution, Eye, OD, Acquisition, Management, Public relations, Vision

Healthy Eyes Advantage (HEA) and Professional Eye Care Associates of America (PECAA) today launched a unified brand, bringing together the now-combined organization under one name, PECAA.

Key Points: 
  • Healthy Eyes Advantage (HEA) and Professional Eye Care Associates of America (PECAA) today launched a unified brand, bringing together the now-combined organization under one name, PECAA.
  • Collectively, these brand assets underscore the organizations mission of bringing greater power to independents in an increasingly competitive landscape.
  • A unified brand brings to life our purpose of powering the independent, said Jim McGrann, Chairman and CEO of the new PECAA, who also served in that role for HEA.
  • Until now, many independents have felt the need to belong to both a buying group and an alliance.