Housing Wire

JULY 26, 2023

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

Real Estate 370

Real Estate Investors Design Buyers 370

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 430

Investors Government Mortgage Investing 430

Housing Wire

JULY 16, 2021

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. “I just sold a $700,000 home to a cash buyer last week. Investors, who often pay in cash, are also wading back into the housing market.

Buyers 545

Buyers Real Estate Agent Real Estate Housing Market 545

Appraisal Buzz

JUNE 3, 2024

Let me explain — in 2021-2022, many investors purchased properties at high prices, using 2 and 3-year bridge loans. Meeting their mortgage and investor obligations will be difficult for these aggressive operators. Many of them are buyers, but they are underwriting deals based on the new interest rate and pricing reality in the market.

Investors 195

Investors Marketing Renovations Real Estate 195

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

Retail 430

Retail Buyers Renovations Finance 430

Housing Wire

JULY 28, 2023

The cost of financing a median-priced U.S. Buyers searching for starter homes in today’s market are on a wild goose chase because in many parts of the country, there’s no such thing as a starter home anymore,” said Redfin Senior Economist Sheharyar Bokhari. Austin buyers must earn $92,000, down 3.3% Meanwhile, average U.S.

Buyers 370

Buyers Housing Market Investors Real Estate 370

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing.

Buyers 468

Buyers Brokerage Agents Realtors 468

Housing Wire

AUGUST 19, 2024

All four of those properties were in low-income and minority Census tracts, as defined by the Federal Housing Finance Agency ( FHFA ). More than three-fourths (78%) of Auction.com buyers surveyed in 2024 described themselves as local community developers, up slightly from 77% of buyers surveyed in 2023.

Renovations 460

Renovations Development Buyers Investors 460

Housing Wire

JUNE 4, 2024

The map is designed to give prospective homebuyers more information about whether or not cash purchases are more or less common in a given area, so they can then make a financing decision based on the competitiveness of cash offers, according to Miguel Villegas, director of NAF Cash.

Tools 429

Tools Finance Buyers Real Estate 429

Housing Wire

DECEMBER 15, 2023

Real estate tech firm Prevu announced a Series A financing round Thursday of $6 million. Launched in New York City in 2017, Prevu offers buyers up to 2% cash back of the purchase price thanks to its commission rebate.

Real Estate 429

Real Estate Finance Technology Buyers 429

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 451

Investors Housing Market Finance Construction 451

Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. This represents a competitive challenge for buyers relying on financing.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

AUGUST 13, 2024

Carrying the responsibility of homeownership, buyers end up in unlivable homes and paying tax liens and expensive repairs, all of which lead the buyers to lose their down payments and their homes, the CFPB added. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments.

Contracts 468

Contracts Mortgage Law Sellers 468

Housing Wire

DECEMBER 5, 2023

Last May, EasyKnock gobbled up Ribbon , a power buyer firm, and in September, it acquired home maintenance platform Onder. Investors included Blumberg Capital , Gaingels , Moderne Ventures , QED Investors , Viola FinTech , and Zillow founder, Spencer Rascoff’s venture firm 75 & Sunny.

Modernization 430

Modernization Investors Technology Finance 430

Housing Wire

JANUARY 8, 2024

To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. If buyers try to time their home purchase to the return of record-low rates and the historically low rates don’t return, their wait could prove costly. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier.

Lending 440

Lending Development Investors Finance 440

Housing Wire

SEPTEMBER 13, 2023

Combined, this partnership could spur better decision-making for investors and home buyers as well as create a more efficient workflow for agents, the statement said. Additionally, the partnership comes off the heels of a $13 million Series B financing for Local Logic in August.

Real Estate 451

Real Estate Valuation Investors Technology 451

Housing Wire

MARCH 4, 2022

In terms of the reputational equation for this deal, Lunde bisects it into two sub-issues: reputation among consumers, and reputation among investors. “On However, precisely because of that, there is potential for this move to be seen as an act of legitimizing the reverse mortgage business in the minds of investors, he says. “On

Buyers 369

Buyers Investors Investing Mortgage 369

Appraisal Buzz

SEPTEMBER 18, 2024

The Industry Responds Realtor.com Chief Economist Danielle Hale said, “These lower rates have not yet induced a big shift in home buyer and seller activity as home sales still remain sluggish, but they have provided long-awaited relief to homebuyer purchasing power. jobs market and economy remain steady, and rates keep coming down.

Investors 435

Investors Mortgage Buyers Real Estate 435

Housing Wire

OCTOBER 23, 2024

While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. Moderating home price increases are welcome news for home buyers,” Yun said. In September, the median sales price for an existing home was $404,500, up 3% from a year ago.

Inventory 432

Inventory Realtors Buyers Real Estate 432

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

Realtors 441

Realtors Buyers Inventory Investors 441

Appraisal Buzz

AUGUST 28, 2024

It’s also partly due to buyers putting down a higher percentage of the purchase price as a down payment. Investors are still coming in with all-cash offers on homes that need to be renovated. Traditional buyers are putting down large down payments to try and lower their mortgage payment,” said Annie Foushee , a Redfin Agent in Denver.

Buyers 417

Buyers Investors Mortgage Renovations 417

Housing Wire

SEPTEMBER 24, 2024

“We still have election uncertainty , local policy uncertainty and geopolitical uncertainty that are weighing on investors’ and buyers’ minds that could dampen the depth and duration of this recovery,” Rosenblatt said. On top of that, existing homeowners have little incentive to reenter the market.

Mortgage 451

Mortgage Housing Market Finance Marketing 451

Housing Wire

JULY 17, 2024

It means sellers’ agents and brokers should prepare to deal directly with the buyer of an REO property whenever possible going forward. Increasingly in post-foreclosure transactions, this is already being initiated by the buyer. Accordingly, it’s time for sellers’ agents and brokers to prepare to deal directly with buyers.

Real Estate 482

Real Estate Agents Training Buyers 482

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. Better ranked as the 62nd largest mortgage lender in the first half of 2023, according to Inside Mortgage Finance.

Mortgage 417

Mortgage Insurance Finance Technology 417

Housing Wire

AUGUST 8, 2024

“Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So, As these business practice changes begin Aug.

Housing Market 475

Housing Market Marketing Mortgage Sellers 475

Housing Wire

MAY 11, 2022

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. Homepoint partnered with fintech mortgage company Accept.inc , which upgrades offers from qualified buyers to an all-cash bid.

Lending 388

Lending Investors Real Estate Agent Finance 388

Housing Wire

SEPTEMBER 26, 2024

“Healthy markets are ones where buyers and sellers have access to all relevant data for their decisions. When a buyer selects a property page to view, a new climate risk section will appear alongside the listing, which provides them with a separate module for each of the five risk categories. . Nationwide, 55.5%

Insurance 451

Insurance New Listings Buyers Tools 451

Housing Wire

OCTOBER 23, 2024

Sources told HousingWire that out-of-town investors were among the most interested buyers. In the Asheville metropolitan area — located in the Western North Carolina region that was hammered the most by Hurricane Helene — new home listings sat at 120 on Sept. 20, then bottomed out at 14 on Oct.

Housing Market 417

Housing Market New Listings Investors Buyers 417

Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?”

Real Estate 450

Real Estate Agents Contracts Real Estate Agent 450

Housing Wire

DECEMBER 8, 2020

Residential real estate marketplace Sundae has announced it closed $36 million in Series B funding on Tuesday, led by QED Investors and with additional participation from Founders Fund , Susa Ventures , Navitas Capital , Prudence Holdings and General Global Capital. The property is then offered on its marketplace for investors to bid on.

Investors 388

Investors Sellers Real Estate Inspection 388

Appraisal Buzz

JULY 30, 2024

Calque provides a guaranteed backup offer; with this in hand, Platte River Mortgage loan officers can write non-contingent financing on the new home and empower their borrowers to make a more significant down payment with a HELOC that does not count towards their debt-to-income ratio.

Mortgage 195

Mortgage Loan Officers Investing Buyers 195

Housing Wire

JULY 19, 2024

Ginnie Mae has] been very transparent about how securities are meant to support both issuers and investors,” he said. Ongoing impact of lender failure The late 2022 failure of RMF was a seismic event in the reverse mortgage industry, and it added pressure to various stakeholders such as lenders, creditors and bond buyers.

Development 441

Development Mortgage Design Government 441

McKissock

DECEMBER 28, 2021

While some real estate agents and brokers prefer to work with homebuyers, others decide to specialize in working with property investors. Both niches have their advantages and disadvantages, but here’s why some people prefer working with investors. Pros of working with real estate investors. Deals can be expedited.

Real Estate 104

Real Estate Clients Investors Real Estate Agent 104

Housing Wire

MARCH 24, 2021

Pacaso , a company founded by former Zillow executives that is focused on second-home ownership, announced Wednesday they raised $75 million in venture capital financing. Buyers can own one-eighth to half of the vacation home. VC investor , and she has financed other L.A. Settle is a prominent L.A.

Real Estate Agent 413

Real Estate Agent Real Estate Modernization Finance 413

Appraisal Buzz

AUGUST 16, 2024

Kahane: I began my career in consumer finance litigation shortly after graduating from law school. Initially drawn to the intricate intersection of real estate law and financial regulations, I found my niche representing lenders, servicers, and debt buyers in matters related to lending, collections, and compliance.

Legal 396

Legal Law Clients Technology 396

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Supply Chain 430

Supply Chain Finance Development Modernization 430