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Finance of America now offers renovation loans

Housing Wire

Lending and services platform Finance of America Inc. announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners can also use it to access financing solutions through their contractor.

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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

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The keys to lending in a post-refi boom world

Housing Wire

Tessar, President and CEO of CIVIC Financial, about the keys to lending in a post-refi world. If lenders do not offer this product, these clients will find financing elsewhere. The closer connected we are with our customers, the better equipped we will be to solve all of their financing needs.

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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

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Meet the homeowners giving up 4% mortgages and opting for cash-out refis

Housing Wire

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. You’re probably thinking, “Uh, why on earth would she do that?”

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Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

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Introducing the Rising Stars Class of 2022

Housing Wire

Planet Home Lending. VP, Correspondent Lending. Home Mortgage Consultant. Wells Fargo Home Mortgage. Director of Client Strategy. Finance of America Home Improvement. Take a look through the list below to see the nominees’ impressive accomplishments. Company Name. Adam O’Daniel.