Appraisal Buzz

MAY 10, 2021

The lending and services platform Finance of America has introduced a home improvement financing product offered to consumers through approved contractors. The post New Service is Designed to Help Homeowners Renovate appeared first on DSNews.

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Renovations Design Home Improvement Finance 195

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.

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Finance Marketing Renovations Investors 363

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.”

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Property Taxes Renovations Finance Lending 327

Housing Wire

FEBRUARY 12, 2024

In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. AFR offers agency, nonagency and government lending products. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

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Lending Renovations Construction Finance 359

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.

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Supply Chain Renovations Finance Lending 376

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent lending as well. The group will be branded as Shamrock, Powered by CMG Home Loans. year over year.

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Loan Officers Retail Lending Renovations 375

Housing Wire

NOVEMBER 20, 2023

In 2022 alone, APM acquired 11 branches from Arizona-based Sunstreet Lending and Sunstreet, along with 25 branches from the Minnesota retail lender Lend Smart Mortgage and 51 branches from the now-defunct AmeriFirst Financial Inc. The lender also brought over 45 former retail branches from Finance of America Companies Inc.

Retail 372

Retail Mortgage Lending Renovations 372

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. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. Blackstone Group will retain a 70% ownership stake in the lender-and-servicer.

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Finance Renovations Investors Retail 280

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.

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Tools Mortgage Finance Lending 388

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 328

Property Taxes Renovations Finance Mortgage 328

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. Who is eligible?

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Mortgage Renovations Appraisal Process Finance 440

Housing Wire

JANUARY 4, 2024

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors. “By

Renovations 340

Renovations Investing Finance Design 340

Housing Wire

SEPTEMBER 24, 2021

Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. Acra Lending is looking to solve these challenges and make fix-and-flip lending simpler and more efficient for borrowers, lenders and brokers. Acra understands the struggles fix-and-flip investors face when seeking financing.

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Lending Renovations Finance Investors 394

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%

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Lending Renovations Real Estate Finance 299

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. Planet was the third largest correspondent lender in the first quarter of 2023, following Pennymac Financial and AmeriHome Mortgage , per Inside Mortgage Finance (IMF) estimates.

Retail 397

Retail Mortgage Lending Renovations 397

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. Then, we have all the traditional financing options, including jumbo.”

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Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The renovations would be on a budget, however. Streamline by combining services.

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Renovations Development Investors Legal 508

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 384

Real Estate Investing Investors Renovations 384

Housing Wire

FEBRUARY 15, 2023

In 2022 alone, APM acquired 11 branches from Arizona-based Sunstreet Lending and Sunstreet, along with 25 branches from the Minnesota retail lender Lend Smart Mortgage and 51 branches from AmeriFirst Financial Inc. The lender also brought over 45 former retail branches from Finance of America Companies Inc.

Retail 334

Retail Renovations Loan Officers Lending 334

Housing Wire

JANUARY 5, 2024

Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger. Refinancing into a fixed-rate mortgage may provide stability and consistency, although homeowners should be prepared for tighter lending restrictions. Declining interest rates present other opportunities for homeowners.

Real Estate 439

Real Estate Agents Marketing Sellers 439

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. Both programs are offered for loan values from $400,000 to $3 million. “The U.S.

Home Improvement 441

Home Improvement Renovations Finance Lending 441

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. Acra Lending plans to launch its fix’n’flip loan program in the coming weeks. 3-month bank statement. We’re very excited to enter the fix’n’flip space.

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Housing Market Marketing Inventory Lending 432

Housing Wire

AUGUST 1, 2022

Depository banks have dominated home equity lending for years, but nonbank lenders seeking volume are increasingly targeting the space. Depository banks have dominated home equity lending for years, but nonbank lenders seeking volume are increasingly targeting the space. New Residential Investment Corp. quarter over quarter. .

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Renovations Lending Mortgage Investing 384

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. Let the Renovations Begin! How can you capitalize on your first investment property? Determine How Much You Can Afford.

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Investing Renovations Landlords Real Estate 332

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. Bank Home Mortgage and Planet Home Lending. Its strategy has impacted correspondent lending. and New Rez/Caliber ( Rithm Capital ). John Hummel, U.S.

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Marketing Lending Retail Clients 388

Appraisal Hub

SEPTEMBER 25, 2023

Financing Ventures: When you seek financial backing, lenders look for a solid ground to stand upon. An appraisal offers them a clear picture, helping them gauge the safe lending amount against the property’s true value. Legal and Tax Matters: Sometimes, the journey encounters legal twists and turns.

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Real Estate Appraisal Renovations Legal 78

Patch of Land

OCTOBER 26, 2018

It speaks to the increased rate of financed home flips in Q1 of this year and the rise of lenders expanding the fix-and-flip market. Flips purchased with financing rise to 9.5-year But, investors continue to find deals and set records while increasingly tapping the debt markets to finance their flips.

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Finance Investors Real Estate Construction 31

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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Real Estate Agent Real Estate Agents Loan Officers 303

Realtor

FEBRUARY 11, 2021

If not, you should first spend some time shoring up your finances. Qualifying for financing is a critical part of the home-buying journey. Hammond , a Chase private-client home lending adviser. How important is the freedom to renovate? Owning a home gives you the freedom to renovate and decorate to your heart’s content.

Property Taxes 218

Property Taxes Inspection Landlords Renovations 218

Lamacchia Realty

NOVEMBER 15, 2022

She started as a Bookkeeper and quickly proved her dedication and expertise, leading to her current role as Finance Coordinator. She is quick to lend a helping hand whenever she can, and her dedication is evident in everything she does. Vice President of Finance. Her hard work and dedication to our team is second to none.

Realty 65

Realty Brokerage Renovations Realtors 65

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Most people know that appraisals need to be completed for lending purposes. In cases where a buyer is using financing, there is a built in fail safe because the lender is going to require an appraisal. When you are the seller of a FSBO (For Sale By Owner). When you are a cash buyer you definitely want to get an appraisal.

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Appraisal Renovations Real Estate Valuation 50

Eppraisal

JANUARY 23, 2024

However, first-time buyers tend to be more vulnerable to scams, from financing to maintenance and remodeling.  It's  Other lending scams include interest rate offers much lower than average and monthly mortgage payment scams. Homeownership is an exciting chapter of anyone's life.

Legal 36

Legal Real Estate Agent Lending Real Estate 36

Housing Wire

JANUARY 31, 2023

The right product mix When Finance of America Companies closed its forward mortgage origination unit in October, Steven Reich, a former COO at Finance of America Mortgage , and some branch managers wanted to stick together as a pack. One of the things that they do well is construction and renovation loans in-house,” Barnes said.

Mortgage 385

Mortgage Loan Officers Retail Finance 385

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. You can proceed with the purchase regardless of the appraised value, but you may have to put down more for an overpriced house since most lenders won’t lend more than the appraised value.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Realtor

FEBRUARY 11, 2021

If not, you should first spend some time shoring up your finances. Qualifying for financing is a critical part of the home-buying journey. Hammond , a Chase private-client home lending adviser. How important is the freedom to renovate? Owning a home gives you the freedom to renovate and decorate to your heart’s content.

Property Taxes 78

Property Taxes Inspection Landlords Renovations 78

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. Renovation loan assessments. Mortgage financing and refinancing. They are also used to assess the value of the home for home improvement loans and insurance evaluations.

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Appraisal Inspection Property Taxes Easement 106

On Q Financial

MARCH 4, 2022

Wondering How to Finance Your Next Investment? It could be a good deal if there aren’t too many issues to fix up, and you can make the home your own through renovations! Most foreclosed homes are sold through auctions, and many banks won’t finance the purchase of a foreclosed home. Have your finances in order.

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Buyers Finance Investing Real Estate 68