Inventory Mortgage Renovations Retail 
Housing Wire
MAY 8, 2023
A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.
Housing Wire
MAY 22, 2024
While aging in place is a common choice, economic and mortgage market realities are also making it difficult to relocate even if someone may want to. Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S.
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Housing Wire
JUNE 8, 2021
Regions, a retail lender with a footprint of over 1,300 physical offices, has dipped into specialty finance sectors before. It mostly originated cash-out refis and purchase mortgages in 2020, according to HMDA statistics in Polygon’s database. in 2021 to $433 billion. The space remains dominated by depository banks.
Housing Wire
FEBRUARY 21, 2023
High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If
Housing Wire
SEPTEMBER 22, 2022
Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage. higher than last year.
Housing Wire
JUNE 3, 2022
Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?
Housing Wire
FEBRUARY 12, 2024
8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.
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