Remove 2021 Remove Development Remove Insurance Remove Renovations
article thumbnail

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.

article thumbnail

Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 458
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

article thumbnail

White House announces new housing initiatives to boost homeownership

Housing Wire

homeownership, alongside data detailing housing aid that has been provided since 2021. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program. The White House on Monday announced a series of new initiatives designed to boost U.S. Tribes, the launch of a new pilot program at the U.S.

Design 450
article thumbnail

HUD, White House announce new initiatives designed to boost housing supply

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday unveiled a series of new policies that are designed to boost housing supply and affordability across the country, according to HUD and White House officials. The new extension is estimated to create 38,000 additional units over 10 years, according to administration officials.

Design 404
article thumbnail

HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. billion manufactured home purchase mortgages in 2021, according to HMDA data.

article thumbnail

Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 370