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 531

Construction Renovations Insurance Landlords 531

Housing Wire

NOVEMBER 14, 2023

Although some enterprising and lucky Gen Z home buyers locked in incredibly low mortgage rates during 2020 and 2021, those who weren’t ready to buy now have to contend with interest rates as high as 8%. Easy renovations are key For spaces that might not be immediately appealing, Gen Z wants those that can be easily renovated.

Real Estate 465

Real Estate Buyers Renovations Open Houses 465

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

Real Estate 459

Real Estate Real Estate Agent Mortgage Agents 459

Housing Wire

FEBRUARY 21, 2024

The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9

Renovations 378

Renovations Mortgage Design Development 378

Housing Wire

JANUARY 4, 2024

Published on the heels of JCHS’ “ Housing America’s Older Adults 2023 ” report from December, the growing number of mortgage products available to a wider swath of American seniors could make a difference for those aiming to age in place. Reverse mortgage companies have also invested in their own home modification programs.

Renovations 320

Renovations Investing Finance Design 320

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 392

Mortgage Clients Insurance Tools 392

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

APRIL 13, 2023

The Federal Housing Administration (FHA) published a new draft version of a Mortgagee Letter (ML) on Thursday that would update the mortgage insurance requirements on single-family homes with accessory dwelling units (ADU). FHA’s action today advances the goals of the Biden-Harris Administration’s Housing Supply Action Plan.”

Finance 375

Finance Property Taxes Insurance Construction 375

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. In high-cost areas, however, it can go up to $75,000.

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Architecture Renovations Inspection Finance 418

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

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing.

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Finance Construction Tenants Renovations 449

Housing Wire

APRIL 1, 2024

But the demographic trends, in addition to favoring the reverse mortgage business, may also swing more older adults into these types of facilities. 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.

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Renovations Design Investing Technology 302

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 453

Inventory Renovations Real Estate Government 453

Housing Wire

JANUARY 20, 2023

Last year was challenging for housing and mortgage markets. For the first time in many years, we experienced falling home prices, in part due to skyrocketing mortgage rates which almost doubled from around 3.5% One of the prime areas of opportunity is affordable manufactured housing homeownership. a year ago to nearly 7% today.

Renovations 360

Renovations Land Lease Investing Development 360

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 370

Loan Officers Technology Lending Tools 370

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. You may also have to prove that you have enough income to cover the mortgage on all properties that you own. You can use a mortgage calculator to get a better idea of what you can afford based on the purchase amount and down payment. Let the Renovations Begin!

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

APRIL 27, 2021

It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months. Finance of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market.

Finance 369

Finance Lending Retail Renovations 369

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.

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Lending Housing Market Technology Business 319

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. ” Amazing, right?

Appraisal Process 362

Appraisal Process Appraisal Valuation Renovations 362

Housing Wire

OCTOBER 20, 2023

Design a photo with the testimonial included, then use the caption to express gratitude for the review. Share design inspiration In addition to cool homes, people on social media really enjoy beautiful interior design. Client testimonials Sharing glowing sentiment from past clients can go a long way to securing future clients.

Real Estate 359

Real Estate Agents Real Estate Agent Clients 359

Housing Wire

OCTOBER 5, 2021

Finance of America Mortgage (FAM), the multichannel lender, announced today that it is offering a refi product for homeowners with accessory dwelling units (ADUs). Most homeowners finance ADUs through home equity loans, cash-out refinancings and construction/renovation loans.

Finance 370

Finance Construction Renovations Design 370

Housing Wire

JUNE 30, 2021

The first resource is its newly renovated Broker Portal that brings the power of its proprietary H2O origination system together with an elegant interface to highlight next steps, critical tasks and key contacts. Caliber offers a “triple play” of resources to help elevate a broker’s business. Tony Kottenbrock, SVP, Wholesale Lending.

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Lending Renovations Design Tools 382

Housing Wire

JULY 23, 2021

According to data from the Mortgage Bankers Association, the average purchase price had risen to $384,000 as of May. Acra’s jumbo prime mortgage solution is designed to provide borrowers with the larger loan amounts needed to purchase a high-value property, with loan amounts up to $3 million. Jumbo products.

Housing Market 424

Housing Market Marketing Inventory Lending 424

Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions.

Renovations 408

Renovations Law Development Real Estate 408

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M It’s important to understand the difference between updates and renovations.

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Tools Appraisal Renovations Design 64

Zillow

MARCH 13, 2018

Even if you’re ready for a kitchen renovation or anxious for a bathroom remodel, figuring out how to plan a home renovation that doesn’t break the bank can be tricky. For example, a kitchen generally accounts for 10 to 15 percent of the property value, so spend no more than this on kitchen renovation costs.

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Renovations Contracts Modernization Investing 50

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. But, even then, today’s homebuyers aren’t spoiled for choice. Bringing more services under one roof.

Construction 450

Construction Logistics Technology Real Estate 450

Housing Wire

APRIL 25, 2024

Instead of generic design templates, LCA Marketing Center’s templates are designed for agents, by agents. The app allows you to quickly choose and edit design templates for social media, flyers, postcards, and even signs and business cards — all from your phone. Already have a lender you love? Invite them to join Curb Hero.

Real Estate 354

Real Estate Agents Open Houses Tools 354

Housing Wire

JANUARY 26, 2021

Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Were those recent renovations done up to local code?

Inspection 382

Inspection Real Estate Agent Real Estate Investing 382

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?

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Renovations Home Improvement Design Buyers 36

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

FEBRUARY 8, 2024

Accreditations and designations Highlight your professional credentials and any special designations you’ve earned. Buzzwords to use Try these buzzwords and phrases to reference your accreditations and designations: “Jane Doe is a member of the REALTOR® Association of Pittsburgh.” “In

Real Estate Agent 379

Real Estate Agent Real Estate Agents Clients 379

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans. Cutting class.

Loan Officers 356

Loan Officers Law Training Lending 356

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investors 358

Investors Inventory Investing Real Estate 358

Assurance Financial

NOVEMBER 28, 2023

Taking out your first mortgage is a huge life step. A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. About 96% of first-time homebuyers finance the purchase with a mortgage.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Lamacchia Realty

AUGUST 12, 2021

What to Consider Before Purchasing a Fixer-Upper Although fixer-uppers are more affordable than purchasing a turnkey home in the perfect neighborhood, the process of buying a fixer-upper and renovating it is more complicated than what you see on television. How Much Time Do They Take to Renovate? Traveling a lot?

Renovations 69

Renovations Finance Inspection Buyers 69

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