Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3%

Retail 431

Retail Lending Renovations Construction 431

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

Renovations 55

Renovations Supply Chain Construction Home Improvement 55

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The year 2023 is going to be a little bit different. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 410

Business Loan Officers Clients Inventory 410

Housing Wire

FEBRUARY 12, 2024

Stratmor Group served as the adviser to AFR for the deal, which was announced in August 2023 and completed on Feb. residential mortgage market and housing-related assets. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 430

Lending Renovations Construction Finance 430

Housing Wire

FEBRUARY 3, 2023

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Additionally, 65% of the total respondents are currently planning or have plans to renovate their homes within the next two years.

Supply Chain 384

Supply Chain Renovations Finance Lending 384

Housing Wire

MARCH 14, 2024

We are excited to expand our impact and better serve our target market borrowers.” The Treasury Department renewed the certification in February following a settlement agreement in November 2023. Change is a community development financial institution (CDFI) that is certified by the U.S.

Lending 421

Lending Renovations Legal Real Estate 421

Housing Wire

AUGUST 10, 2023

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. of all available first-look properties in the second quarter of 2023.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

FEBRUARY 26, 2024

The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 485

HOA Law Insurance New Listings 485

Housing Wire

AUGUST 4, 2023

Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. On the housing market, she said that conditions are still favorable for households, supporting housing demand. Data from the July jobs report released Friday fell roughly in line with expectations.

Marketing 369

Marketing Construction Renovations Home Improvement 369

Housing Wire

NOVEMBER 20, 2023

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 billion in production volume in the first nine months of 2023, declining 27.9% The California lender originated $7.62

Retail 421

Retail Mortgage Lending Renovations 421

Appraisal Buzz

MAY 10, 2024

in the first quarter of 2023, hitting the lowest point in two years, according to ATTOM’s U.S. By “equity-rich” ATTOM means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. in the first quarter, down from 46.1% Home Equity & Underwater Report.

Market Value 195

Market Value Renovations Finance Development 195

Housing Wire

JULY 25, 2023

Homeowners and renters may not have felt the full impact of climate-related disasters since, oftentimes, they do not end up directly paying for renovations or repairs necessitated by an adverse climate event, Fairweather said. New homes are also more likely than older homes to face heat and flood risk.”

Housing Market 370

Housing Market Insurance Marketing Renovations 370

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 485

Finance Construction Tenants Renovations 485

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Appraisal Buzz

JUNE 13, 2024

According to findings in the Q1 2024 Verisk Remodel Index , the cost of home repairs and remodeling in Q1 of 2024 continued to increase, rising by 0.59% from the prior quarter, and just over 4% from the first quarter of 2023. Data are compiled monthly in more than 430 local market areas across the country. over the past 12 months.

Renovations 221

Renovations Inventory Marketing Housing Market 221

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

DECEMBER 1, 2022

Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Most non-banks market HELOCs but they are truly offering HELOANs. One of the biggest benefits for Hitch users is speed, the company said.

Renovations 441

Renovations Home Improvement Government Tools 441

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. We are proposing new rules that would require sensible safeguards on these clean energy loans.”

Property Taxes 384

Property Taxes Renovations Finance Lending 384

Housing Wire

JUNE 1, 2023

The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. According to Gross, the move to the new company brings “access to improved pricing, technology and marketing to Platinum’s branches.” “In The company’s assets will add to Planet’s 30 branches and 128 active LOs. The lender originated $6.5

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. Fannie Mae recently projected originations for 2023 at $1.59 trillion, a revision downward from its January estimate of $1.65

Inventory 466

Inventory Renovations Real Estate Government 466

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” million in 2023, smaller than its $457.6 Martell believes there will not be “a zero commission” market. loanDepot recorded a non-GAAP adjusted net loss of $142.4 million loss in 2022.

Mortgage 404

Mortgage Real Estate Agent Real Estate Renovations 404

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

Renovations 303

Renovations Appraisal Home Improvement Buyers 303

Raleigh Realty

JULY 12, 2022

If you’re considering a home renovation, you might be looking for some insight on what other homeowners are doing. That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project. billion in the United States alone by the end of 2022.

Home Improvement 60

Home Improvement Renovations Construction Supply Chain 60

Housing Wire

APRIL 1, 2024

In the fourth quarter of 2023 the average rate was at 85.1% markets,” according to the data reported by the Journal. This is in addition to a lack of necessary renovations in seniors’ existing homes, which are designed to make aging in place easier to accomplish for longer periods of time. in the 31 largest U.S.

Renovations 412

Renovations Design Investing Technology 412

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. HousingWire: What factors are contributing to borrowers falling out of the Agency market?

Mortgage 431

Mortgage Investors Real Estate Business 431

Housing Wire

JULY 7, 2023

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Our forecast is for a slowdown in economic activity in the second half of 2023, with a recovery in early 2024. This increase is slightly under the average monthly gain of 341,000 jobs over the past 12 months.

Construction 370

Construction Renovations Government Inventory 370

Housing Wire

FEBRUARY 15, 2023

The lender offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. billion, largely due to rising rates and the refi business drying up, the lender expects a 25% increase in origination volume in 2023 from the M&A deals it closed in 2022.

Retail 370

Retail Renovations Loan Officers Lending 370

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. Some markets remain in flux, others have started to level off already. Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. There are a few key things to consider around Atlanta for 2023.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Will Springer Realtor

JULY 25, 2023

One of those objectives may be to make renovations on the home now when you can still safely – and, we trust, affordably – manage the projects before being too busy playing pickleball, volunteering your time or traveling the world. All estimates are associated with the Seattle metro market.) Styles and tastes change.

Renovations 36

Renovations Investing Buyers Construction 36

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

Supply Chain 280

Supply Chain Renovations Appraisal Market Value 280

Empire Appraisal Group

JULY 27, 2023

In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. NEW YORK – Real estate agents say today’s buyers appear to have little desire to take on the additional costs and headaches of major renovation projects.

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Housing Wire

APRIL 14, 2022

HousingWire recently spoke with David Peskin, president of Reverse Mortgage Funding, who said entering the reverse mortgage business could allow originators to break into a growing market with significant demand that is largely untapped. in March — has sapped strength from the renovation market. Presented by: RMF.

Mortgage 421

Mortgage Government Renovations Buyers 421

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. Key stat: According to the Federal Reserve , credit card delinquency rates increased in the second quarter of 2023 for the seventh consecutive quarter.

Lending 450

Lending Tools Inventory Renovations 450

Appraisal Buzz

MARCH 25, 2024

As most would expect, last year was a disappointing year for home flipping, as affirmed by ATTOM’s 2023 U.S. were flipped in 2023 – down 29.3% In yet another sign of down times for the home-flipping industry, profits and profit margins also sank on quick buy-renovate-and-resell projects. Home Flipping Report. in 2022 to 8.1%

Renovations 334

Renovations Investors Inventory Sellers 334

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. Many of us are in sellers’ markets with very low inventory.

Real Estate 440

Real Estate Open Houses Brokerage Real Estate Agent 440

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. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market. Business is at a “dead stop,” said a retail loan officer in Michigan.

Mortgage 384

Mortgage Loan Officers Inventory Retail 384