Housing Wire

JANUARY 19, 2024

“Patriot Bank has always acted to serve the home mortgage credit needs in minority neighborhoods, and the bank’s strong record speaks for itself and flatly contradicts any allegation of wrongdoing,” John Smith, president and CEO of Patriot Bank, in a statement. “We million investment Patriot will make, subject to court approval, At least $1.3

Loan Officers 362

Loan Officers Lending Advertising Home Improvement 362

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

Business 365

Business Investors Finance Home Improvement 365

Housing Wire

AUGUST 2, 2022

The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire. Besides the downturn in the market, sources said there’s another reason for the workforce reduction: FoA is restructuring its operations.

Marketing 311

Marketing Human Resources Finance Business 311

Housing Wire

MARCH 6, 2024

“Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. The Beige Book is published two weeks before each meeting of the policy-setting Federal Open Market Committee.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

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’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 368

Finance Lending Retail Renovations 368

Housing Wire

MARCH 25, 2022

HMDA data revealed sizable dip in refinances last year, while cash-out refis surged and lending to minority borrowers crept upward. Volume of purchase originations, cash-out refinances and even home improvement loans were up from the previous year. The HMDA data also show that minority lending inched upward in 2021.

Mortgage 423

Mortgage Lending Home Improvement Investing 423

Housing Wire

AUGUST 31, 2020

HousingWire spoke to Doug Perry, Citadel’s new managing director of Wholesale and Retail Sales, about his plans for Citadel and the current state of non-QM lending. Doug Perry: I bring decades of experience to the table, having worked for a number of organizations, including Countrywide Home Loans, Indymac Bank and PennyMac.

Lending 356

Lending Retail Housing Market Home Improvement 356

Appraisal Buzz

APRIL 29, 2024

Prior to the 2008 dust-up, this strategy had helped us become a dominant player in our market. What could we do to fortify our business to withstand another market shock in the future? That option evaporated overnight, as many of our clients abandoned those relationships and started using AMCs to distribute their appraisal orders.

Clients 195

Clients Business Appraisal Lending 195

Housing Wire

MARCH 3, 2022

Amid a tough environment for forward mortgage lending, Finance of America is betting on specialty finance & services products – reverse mortgages, investor loans, commercial loans – which are expected to deliver most of the return this year. It also has a home improvement business. On Wednesday, its market value was $191.5

Finance 358

Finance Investors Mortgage Home Improvement 358

Housing Wire

SEPTEMBER 29, 2022

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . “It is company policy not to comment on rumors or speculation in the market,” a spokesperson for FoA said.

Retail 424

Retail Finance Home Improvement Business 424

Housing Wire

JUNE 1, 2022

SVP, Marketing. Planet Home Lending. Chief Marketing Officer. VP, Correspondent Lending. SVP, Director of Capital Markets. Finance of America Home Improvement. Take a look through the list below to see the nominees’ impressive accomplishments. Company Name. Adam O’Daniel. Open Mortgage.

Architecture 336

Architecture Realty Insurance Lending 336

Clear Capital

APRIL 1, 2024

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. What is home equity lending?

Lending 36

Lending Valuation Home Value Design 36

Housing Wire

OCTOBER 19, 2023

” The client wanted to pay off $30,000 in consumer debt, handle home improvement projects and help her daughter start college, said Anderson, a longtime mortgage advisor in Southern California. The cash-out refi market is still tiny relative to purchase lending, but every opportunity to help a client is precious. “It’s

Mortgage 470

Mortgage Clients Lending Home Improvement 470

Housing Wire

SEPTEMBER 23, 2020

It allows for actual home improvements to complement contemporary lifestyles. The post Renovation loans get pandemic boost as homeowners want home offices appeared first on HousingWire. In turn, the program opens access to much-needed renovation capital for borrowers. The rest of this content is for HW+ members.

Renovations 541

Renovations Insurance Home Improvement Design 541

Housing Wire

OCTOBER 7, 2022

Consequently, 2022 may be the year FoA exits the forward mortgage space entirely to focus on products such as reverse mortgages, commercial lending, and home improvement. Last week, HousingWire reported that FoA was trying to sell its forward retail mortgage division amid the most challenging mortgage market in decades.

Retail 341

Retail Finance Home Improvement Mortgage 341

Housing Wire

SEPTEMBER 16, 2021

national increase of existing home sales, we see that, for the fifth year in a row, the largest brokerage firms in the country gained market share. Closed sides were up 15.8% When compared to the 5.6% Sales volume was up an astounding 25.9%. Both of these growth factors are the largest that RealTrends has ever seen in its rankings.

Real Estate 322

Real Estate Business Brokerage Open Houses 322

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. Mortgage professionals say 2024 will be a ‘recovery year’ as markets slowly return to normal. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. Other established names to make the Inc. 4,105 FirstCloseFirstclose.

Real Estate 349

Real Estate Real Estate Agent Technology Investors 349

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. The perplexing part: Why are home prices not declining in this environment? Just because there’s vacant homes in the U.S.

Inventory 447

Inventory Renovations Real Estate Government 447

Housing Wire

OCTOBER 29, 2021

From where a consumer sits, they spend months in the origination process — 30-90 days on a refi and up to 360 days in a long lead purchase in a market where more than half of deals have bidding wars. This concept hits harder when we view the world from their experience. More on purchases and cash-out refis in the Engagement section below.

Clients 372

Clients Modernization Home Improvement Technology 372

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

MARCH 23, 2022

HousingWire recently spoke with David Peskin, president of Reverse Mortgage Funding, who said entering the reverse mortgage business could allow originators to break into a growing market with significant demand that is largely untapped. David Peskin: As we all know, the housing market is booming right now.

Mortgage 351

Mortgage Clients Business Training 351

Realtor

MAY 15, 2023

First, your lender needs to confirm the home is worth the agreed-upon sales price you offered to ensure you’re not overborrowing. Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure.

Appraisal 107

Appraisal Real Estate Appraisal Process Market Value 107

JMV Lending

AUGUST 5, 2020

Because they put so much “sweat” into their equity, they were convinced that their home would appraise for substantially more when they were done. But because their neighborhood market had recently softened a bit, their […].

Appraisal 78

Appraisal Lending Clients Marketing 78

Cleveland Appraisal Blog

OCTOBER 29, 2021

Ideally, they should be comparable in terms of age condition, quality of construction, market appeal, and we must also ensure that these properties have no functional or external obsolescence because these things can impact the rate of depreciation of a property. If that is the case, the home’s improvements have depreciated approx.

Appraisal 365

Appraisal Development Finance Lending 365

Movoto

MAY 15, 2024

One of the perks of purchasing a home is a special lending scenario known as a home equity loan , which becomes available to homeowners once enough money has been invested in the principle of a mortgage. The key to effectively using an equity loan on a house is first understanding home equity loans.

Renovations 36

Renovations Finance Lending Real Estate 36

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. 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.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

AmeriMac

MAY 15, 2024

From finding a new home to selling the existing property, there are numerous factors to consider. Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. One crucial aspect of the relocation process is the appraisal of the property being sold.

Appraisal 36

Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Realtor

AUGUST 1, 2018

. “But for the first few years, a buyer is paying mostly interest rather than principal, so the loan amount doesn’t go down for quite a while,” says Robert Harris , owner and mortgage consultant at All in One Lending. With a 203(k) loan, you can dedicate up to $35,000 for home improvements.

Inspection 136

Inspection Insurance Buyers Renovations 136

D Fritz Appraisals

MARCH 4, 2024

Don’t overlook the power that landscaping can have in a competitive real estate market. Join us as we cover 5 standout landscaping tips and backyard landscaping designs to increase your home’s appeal (and value!) today for a professional and tailored appraisal report to meet your lending, selling, and appraising needs.

Home Value 99

Home Value Design Valuation Appraisal 99

PennyMac

JULY 26, 2023

“Second mortgages can give you access to the equity in your home without having to touch your first mortgage,” says Scott Bridges, Senior Managing Director of Consumer Direct Lending at Pennymac. Some of the most popular ways to use a second mortgage include: Paying for home improvements.

Mortgage 36

Mortgage Home Improvement Renovations Lending 36

Realtor

AUGUST 1, 2018

. “But for the first few years, a buyer is paying mostly interest rather than principal, so the loan amount doesn’t go down for quite a while,” says Robert Harris , owner and mortgage consultant at All in One Lending. With a 203(k) loan, you can dedicate up to $35,000 for home improvements.

Inspection 78

Inspection Insurance Buyers Renovations 78

Clear Capital

MARCH 17, 2022

For example, real estate appraisal photos must be clear, correctly labeled, and show any home improvements or blemishes. This includes photos showing physical deterioration, amenities, or external influences that could affect the market value or marketability of the subject property.

Real Estate 69

Real Estate Appraisal Technology Development 69

PennyMac

JUNE 28, 2022

Renting puts money into a landlord’s pocket, but owning a home helps you increase the value of your investment over time. When you do build home equity, it opens up cash-out options that can be used for home improvements, paying off debt or other projects. Home improvement. What Is a HELOC? Flexibility.

Home Improvement 36

Home Improvement Contracts Renovations Mortgage 36

Chicagoland Appraisal Blog

JANUARY 21, 2020

But there are also some factors that determine what your house is worth that are out of your control, like the location and popularity of the particular housing market. We gathered tips from experts in the field to share what they find to be the most effective ways to build equity in your home. . Not all markets are the same.

Real Estate 78

Real Estate Appraisal Home Value Real Estate Agent 78

AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

Assurance Financial

AUGUST 9, 2021

The lending requirements for a guaranteed USDA loan are slightly looser than the requirements for a direct loan. People can use the loans to buy, build or rehab a qualifying home. Home Improvement Loans and Grants. People who receive a USDA home improvement loan have 20 years to repay it.

Home Improvement 74

Home Improvement Insurance Development Finance 74