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Teraverde CEO Jim Deitch on finding ways to monetize home equity

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Jim Deitch, co-founder and CEO at Teraverde, sees a golden opportunity for lenders who are prepared to serve homeowners with innovative options.

“The biggest year of mortgage production, from 2021-2022, generated $4.5 trillion. Compare that with $30 trillion in financeable equity — it dwarfs it. You have to think about how you monetize that equity,” Deitch said. “So, there’s opportunity out there, but you’re not selling it to Freddie and Fannie, at least not today.”

I sat down with Deitch for a wide-ranging conversation details ⇒

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