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Hometap reaches $1B in home equity investments 

Housing Wire

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. And it boasts a home renovation calculator and home service offerings from Hometap’s partner network.

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American Pacific Mortgage names Bill Lowman chairman of the board

Housing Wire

Lowman has been with the lender for more than 21 years starting from managing a founding branch to being promoted as president in 2004, CEO in 2017 and vice chairman earlier in 2023. “I I look forward to driving APM forward in the new year and turning the challenges into opportunities in 2024 and beyond,” Lowman said.

Retail 392
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loanDepot plans to launch ‘digital’ HELOC in Q3

Housing Wire

She added that funds from the new HELOC product can be used by customers for a variety of purposes, such as consolidating their debt to achieve lower monthly payments, including credit card debt; or to renovate their homes to improve their quality of life. The new unit focuses on developing mortgage-adjacent lending products and services.

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Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

Leslie came out of retirement in 2017, specifically to help lead OCA in its mission of helping private landowners in eminent domain and takings situations across the country. Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water.

Appraisal 312
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Cash-out Refis Hit Highest Level Since Financial Crisis

Empire Appraisal Group

Many homeowners withdrew some of their home equity to purchase larger homes or take on home renovations. They should also consider potential tax implications: The 2017 tax overhaul said that borrowers typically can’t deduct the interest on the cash-out portion of a refi unless it is used to improve a home. Homeowners took out $152.7

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Article: Prompt Action Safeguards Loan Closings

Dart Appraisal

This includes alternate methods for verifying employment before loan closing; flexibility for borrowers to provide documentation rather than requiring an inspection prior to renovation loan disbursements; and alternate appraisals for purchase loans and rate-and-term refinances. Dart Board Newsletter – May 2017.