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Fintech company Unison expects to bring three additional securitization deals to market in 2022, according to a company executive. The company offers homeowners the opportunity to tap their home equity without taking out a loan.
The $146 million deal could indicate that volume in the asset class has gotten large enough to support programmatic activity in the pricey housing market.
Point, a financial technology platform that allows homeowners to unlock home-equity wealth, and Redwood Trust Inc. have completed the first securitization backed entirely by residential Home Equity Investment (HEI) agreements, issuing approximately $146 million of asset backed securities, the companies said today.