Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It originated roughly $30 billion in mortgages last year across its retail, correspondent and wholesale businesses.

Finance 370

Finance Lending Retail Renovations 370

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 433

Mortgage Renovations Appraisal Process Finance 433

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 424

Tools Mortgage Finance Lending 424

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 422

Lending Renovations Construction Finance 422

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. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 370

Finance Marketing Renovations Investors 370

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 381

Property Taxes Renovations Finance Lending 381

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. In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint.

Loan Officers 414

Loan Officers Retail Lending Renovations 414

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The lender originated $6.5

Retail 393

Retail Mortgage Lending Renovations 393

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. 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.

Supply Chain 382

Supply Chain Renovations Finance Lending 382

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. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late January. The lender increased originations by 70% to $32.63

Finance 374

Finance Renovations Investors Retail 374

Housing Wire

JULY 31, 2023

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations.

Property Taxes 370

Property Taxes Renovations Finance Mortgage 370

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 402

Renovations Investing Finance Design 402

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

Lending 368

Lending Renovations Real Estate Finance 368

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 370

Retail Renovations Loan Officers Lending 370

Housing Wire

JANUARY 5, 2024

Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices. Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices.

Real Estate 433

Real Estate Agents Marketing Sellers 433

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. How hybrid title and valuations help increase lending efficiency. The renovations would be on a budget, however. Streamline by combining services.

Renovations 502

Renovations Development Investors Legal 502

Housing Wire

FEBRUARY 16, 2022

If your state requires a lending license, make sure a the lender is licensed. Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Establish a private money lending network for real estate.

Real Estate 382

Real Estate Investing Investors Renovations 382

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Depository banks have dominated home equity lending for years, but nonbank lenders seeking volume are increasingly targeting the space. ” U.S.

Renovations 382

Renovations Lending Mortgage Investing 382

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. These ESG programs fill a significant void in the mortgage market by increasing incentives for green energy improvements.”.

Home Improvement 433

Home Improvement Renovations Finance Lending 433

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. According to data from the Mortgage Bankers Association, the average purchase price had risen to $384,000 as of May. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. 3-month bank statement. Jumbo products.

Housing Market 424

Housing Market Marketing Inventory Lending 424

Housing Wire

DECEMBER 12, 2022

The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. ” In fact, the correspondent channel is a relatively bright spot for a mortgage industry that’s had a devil of a time in 2022.

Marketing 393

Marketing Lending Retail Clients 393

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. You may also have to prove that you have enough income to cover the mortgage on all properties that you own.

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

FEBRUARY 24, 2021

Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Loan Officers 369

Realtor

FEBRUARY 11, 2021

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. Will you even qualify for a mortgage? Unless you have enough money in the bank to buy a house with cash, you’ll need a mortgage. How important is the freedom to renovate?

Property Taxes 218

Property Taxes Inspection Landlords Renovations 218

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 393

Mortgage Loan Officers Retail Finance 393

Realtor

FEBRUARY 11, 2021

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. Will you even qualify for a mortgage? Unless you have enough money in the bank to buy a house with cash, you’ll need a mortgage. How important is the freedom to renovate?

Property Taxes 78

Property Taxes Inspection Landlords Renovations 78

Eppraisal

JANUARY 23, 2024

However, first-time buyers tend to be more vulnerable to scams, from financing to maintenance and remodeling.  It's     Contractor Con Artists Each state has its own laws, but contractors must provide proof of licensure and insurance before starting home renovations. Some pretend to be with the government.  Other

Legal 36

Legal Real Estate Agent Lending Real Estate 36

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. 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. Renovation loan assessments.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. Secure a Mortgage Present your home purchase agreement with your chosen lender and submit the other requirements for review. The question is — will you move on or keep pursuing a deal?

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 136

Inspection Insurance Buyers Renovations 136

On Q Financial

MARCH 4, 2022

Bank sales: When a homeowner defaults on their mortgage, the bank may directly sell the foreclosed home. Short sales: A short sale is when the lender agrees to accept less money than what’s owed on the mortgage. Wondering How to Finance Your Next Investment? Have your finances in order. Be prepared to pay with cash.

Buyers 68

Buyers Finance Investing Real Estate 68

AmeriMac

APRIL 15, 2024

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase. How Home Appraisals Affect Your Mortgage Home appraisals play a crucial role in mortgage loans.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 78

Inspection Insurance Buyers Renovations 78

Housing Wire

JULY 5, 2022

Specialty finance company Redwood Trust Inc. The acquisition of Portland, Oregon-based Riverbend and its subsidiaries, announced originally in late April, is expected to fit in well with Redwood’s existing business-purpose lending platform, CoreVest. billion single-family and multifamily loans nationwide.

Finance 393

Finance Renovations Real Estate Investors 393

Housing Wire

APRIL 20, 2022

Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The Ann Arbor, Michigan-based company has launched a referral program aimed at connecting mortgage brokers with regional homebuilders as well as homebuyers. The lenders plan to launch in Nevada, New Mexico and North Carolina later this year.

Supply Chain 382

Supply Chain Construction Renovations Investors 382

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 382

Loan Officers Law Training Lending 382