Aug 17, 2023
The primary mortgage market recently has flattened, with rising
interest rates and fewer homes on the market. However, these
factors, coupled with home price appreciation, have created a space
for alternatives to traditional residential mortgage financing.
These include single family rental (SFR), rent-to-own and home
equity option contracts, i-buying, and home equity lines of credits
(HELOCs).
Many of these products come with specific consumer regulatory and
compliance requirements—plus the familiar residential mortgage
regulations, which may apply differently to each product. And with
the US primary home market sitting on an unprecedented amount of
home equity, we expect that interest in these products will only
continue to grow and that financing them will be of immediate and
keen interest to market participants.
Please join us for the final episode of our three-part podcast
series, where Mayer Brown partners Susannah Schmid, Dave Linley and
Frank Doorley for a high-level review of these products: what they
are, how they are financed in warehouses and securitizations, and
what the consumer finance regulatory requirements are for each.