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Regions Bank places $1B bet on home renovation market

Housing Wire

billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients.

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Home Renovations in 2021

Lamacchia Realty

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. But that doesn’t seem to be stopping clients. Cost of Materials.

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loanDepot CEO talks ‘longer and tougher’ mortgage cycle, NAR settlement and cyberattacks 

Housing Wire

According to Martell , the mortgage market’s origination volume totaled $4 trillion in both 2020 and 2021, and “unfortunately” the decline in loan production “is not going to be cured by a 50-basis-point reduction” in mortgage rates. The company now has a digital HELOC offering.

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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

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Institutional SFR players are stuck in the doldrums

Housing Wire

And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal. The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.”

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Rocket gets into home equity game, joining rival nonbanks

Housing Wire

“With our new home equity loan, clients can improve their lives by having a payment they can more comfortably afford.” credit card balances in the first quarter were $841 billion, $71 billion higher than the same period in 2021, according to a report from the Federal Reserve Bank of New York. ” U.S.

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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Since H4P volume is only a small fraction of the total business done in the reverse mortgage industry based on 2021 data , Mangus sat down with RMD to discuss his approach in successfully cultivating H4P business. Of the six million home purchases done in 2021 only about 2,200 of them were H4P,” he says.