Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

Finance 448

Finance Construction Tenants Renovations 448

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.

Lending 335

Lending Renovations Construction Finance 335

Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. Shamrock’s team originated about $300 million so far this year, per the mortgage platform Modex. That’s not the first addition to CMG this year.

Loan Officers 352

Loan Officers Retail Lending Renovations 352

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

Mortgage 369

Mortgage Renovations Insurance Construction 369

Housing Wire

APRIL 20, 2021

“They got their lunch handed to them — it was lose, lose, lose, lose,” said David Snover, the mortgage originator Patrick worked with. After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers.

Renovations 433

Renovations Real Estate Agent Construction Buyers 433

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022.

Renovations 386

Renovations Realtors Construction Mortgage 386

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. After mixed results in January , the U.S.

Construction 369

Construction Renovations Real Estate Marketing 369

Housing Wire

JULY 7, 2023

“The incoming economic data has been filled with conflicting signals,” said Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni in a statement. Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up.

Construction 339

Construction Renovations Government Inventory 339

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 416

Investing Renovations Development Construction 416

Lamacchia Realty

FEBRUARY 8, 2022

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Purchasing a home that requires renovations and repairs might seem overwhelming, but with these tips, the process of purchasing a fixer-upper and making those first repairs is much more manageable.

Renovations 74

Renovations Buyers Finance Home Improvement 74

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. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 379

Mortgage Loan Officers Inventory Retail 379

Housing Wire

AUGUST 4, 2023

Indicators of manufacturing and service sector health remain lackluster, measures of inflation have moved lower, while GDP growth in the second quarter was stronger than expected and consumer spending remains resilient,” said Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan.

Marketing 291

Marketing Construction Renovations Home Improvement 291

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. The renovations would be on a budget, however. The agency has already sent both the proposed rules to Congress for review.

Renovations 502

Renovations Development Investors Legal 502

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Cost of Materials. The cost for lumber is 3x higher than it was last March.

Renovations 55

Renovations Buyers Home Improvement Realty 55

Housing Wire

FEBRUARY 15, 2023

California-based retail lender American Pacific Mortgage (APM) has made leadership changes while continuing to eye expansion in the Midwest and Southeast. We believe these changes position American Pacific Mortgage for continued growth and stability.” FoA) months after it shut down its forward mortgage segment.

Retail 318

Retail Renovations Loan Officers Lending 318

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 530

Construction Renovations Insurance Landlords 530

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. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 452

Inventory Renovations Real Estate Government 452

Housing Wire

JUNE 30, 2022

With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market. We’re well-capitalized and committed to mortgage, particularly the broker channel. Lee Smith: EVP, President of Mortgage. Our brokers are our partners. “We

Lending 317

Lending Housing Market Technology Business 317

Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. 5 reasons to refinance your mortgage right now. Four renovations to consider before selling your house. Additionally, mortgage rates have risen slightly in recent weeks. For-sale inventory is at record lows. Health concerns.

Housing Market 457

Housing Market Sellers Marketing Renovations 457

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

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Housing Wire

NOVEMBER 30, 2021

Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 trillion in 2022, according to the Mortgage Bankers Association – non-QM will be part of that, of course. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight.

Supply Chain 326

Supply Chain Lending Investors Renovations 326

Zillow

JUNE 10, 2019

A home renovation can be yet another big and stressful project, what with all the decisions to make and contractors to deal with. Any renovation, no matter how small, should be designed with care. Find out which home renovations DIYers most regretted tackling themselves. Quiz: Should You Renovate Your Home or Sell?

Renovations 36

Renovations Home Improvement Design Buyers 36

Housing Wire

FEBRUARY 8, 2022

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. But it wasn’t an appraiser deciding to loan 125% of a home’s value for a 3/1 adjustable rate mortgage. But any risks appear to have been resolved.

Appraisal 367

Appraisal Appraisal Process Valuation Renovations 367

McKissock

AUGUST 14, 2022

Need for New Construction. They spent more money than they otherwise would have because they could get more bang for their mortgage payment by building a larger home. Those who can wait for construction may find the idea of building their own home the way they want quite attractive. Construction Workforce Concerns.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 371

Mortgage Loan Officers Retail Finance 371

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 name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 378

Business Loan Officers Clients Inventory 378

Housing Wire

FEBRUARY 8, 2024

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

Real Estate Agent 378

Real Estate Agent Real Estate Agents Clients 378

PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely. It depends.

Home Improvement 36

Home Improvement Renovations Investing Inspection 36

East Coast Appraisal

FEBRUARY 28, 2022

Interest rates and mortgage markets affect how many prospective buyers eye your home. Lower rates and mortgages attract more buyers and expand the demand, which increases prices. Any defects in construction and damage to the components mentioned above reduce your home's value.

Appraisal 52

Appraisal Renovations Home Value Construction 52

Cleveland Appraisal Blog

APRIL 29, 2021

The materials used in the construction and decoration of your home are also extremely important because they determine how structurally sound your property is, how it’s going to last over time, and how much maintenance it’s going to require. Again, there is not much you can do about construction materials. Materials used. Bottom line.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Mortgage rates dipped to record lows in 2021, then skyrocketed in early 2022. As long as those issues persist, we should not expect mortgage rates to level out any time soon.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

Hank Miller Team

NOVEMBER 15, 2022

Renovations – Cooped up in their homes, renovations and updating became a thing to do. Same for where mortgage rates land, up in the air. Interest Rates – A significant number of owners refinanced during the pandemic and locked rates below 4; a significant number at or below 3, why would they give up those fixed rates?

Inventory 52

Inventory Renovations Housing Market Buyers 52

PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. million over that period to acquire 52 units and renovate several of its 50 existing units.

Landlords 438

Landlords Home Value Construction Renovations 438