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. It’s an investment down the road,” the executive added. “We The financial terms of the transaction have not been disclosed. We’re taking a long-run view that it’s going to pay off.

Retail 391

Retail Mortgage Lending Renovations 391

Housing Wire

JANUARY 4, 2024

“If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” Reverse mortgage companies have also invested in their own home modification programs. . “But what constitutes an emergency?” ” Molinsky told NextAvenue.

Renovations 308

Renovations Investing Finance Design 308

Housing Wire

JUNE 8, 2021

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”.

Inventory 325

Inventory Renovations Lending Construction 325

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Government 523

Government Finance Renovations Design 523

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 348

Finance Marketing Renovations Investors 348

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). The volume of HELOC loans declined by 17% to $60.1 rebranded as Rithm Capital ).

Lending 273

Lending Renovations Real Estate Finance 273

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

NOVEMBER 30, 2021

There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market. How Acra Lending can help.

Supply Chain 316

Supply Chain Lending Investors Renovations 316

Housing Wire

JUNE 30, 2021

As purchase transactions move back to the forefront of lending, the broker channel will only continue to grow and gain momentum. 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.

Lending 382

Lending Renovations Design Tools 382

Housing Wire

AUGUST 1, 2022

While home price growth is expected to slow in the coming months, it’s still higher than a 5% annual home price appreciation rate, making home equity products an attractive option for lenders to invest in. . Depository banks have dominated home equity lending for years, but nonbank lenders seeking volume are increasingly targeting the space.

Renovations 378

Renovations Lending Mortgage Investing 378

Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however.

Housing Market 354

Housing Market Marketing Contracts Lending 354

Housing Wire

FEBRUARY 1, 2024

The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park. That is anathema to the spirit of fair housing (and lending).

Real Estate 369

Real Estate Appraisal Insurance Training 369

Housing Wire

JULY 20, 2021

Borrowers now have settled in homes that in many cases are growing in value, and may have a need to take on renovation costs or consolidate debt, which brings on a greater need for cash-out refinances. This restriction of investment property volume has presented a growing problem, as second home volume was up 178% annually in April.

Marketing 363

Marketing Lending Government Renovations 363

Housing Wire

FEBRUARY 28, 2024

Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. million of these investment properties are 1-4 units which Deephaven allows. Non-QM provides an alternative solution to qualify these borrowers that Agency (the GSEs) does not offer.

Mortgage 342

Mortgage Investors Real Estate Business 342

Housing Wire

FEBRUARY 9, 2021

Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. Four renovations to consider before selling your house. When you go to buy a home , your mortgage lender will almost always order a home appraisal. The purpose?

Appraisal 450

Appraisal Real Estate Agent Sellers Real Estate 450

Housing Wire

MAY 3, 2022

Surging house prices have made home equity products an obvious choice for lenders to invest in, given the value of homes used as collateral for such loans are rising. The new unit focuses on developing mortgage-adjacent lending products and services.

Renovations 391

Renovations Loan Officers Technology Mortgage 391

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. Just because there’s vacant homes in the U.S.

Inventory 449

Inventory Renovations Real Estate Government 449

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

Housing Wire

APRIL 2, 2021

To coincide with the IPO, institutional investors have pledged to make a private investment of $250 million in the company. Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. The valuation at the time of the IPO is expected to be $1.9

Finance 258

Finance Renovations Investors Retail 258

Housing Wire

AUGUST 15, 2022

Mortgage lenders are now considering adding home-equity lending to their portfolios as they look for growth in a declining refinance market and seek opportunities to cross-sell to their existing customer base by tapping into historic amounts of home equity,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion.

Lending 418

Lending Home Value Mortgage Renovations 418

Housing Wire

MAY 18, 2022

HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market? HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

Mortgage 391

Mortgage Clients Insurance Tools 391

Housing Wire

DECEMBER 12, 2022

The company, which is the country’s largest correspondent aggregator , has invested in growing its correspondent footprint while some rivals, like its primary competitor, Wells Fargo , are pulling back or exiting entirely. Bank Home Mortgage and Planet Home Lending. Its strategy has impacted correspondent lending.

Marketing 367

Marketing Lending Retail Clients 367

Appraisal Hub

SEPTEMBER 25, 2023

As you traverse the path of commercial real estate, you’ll encounter several junctures where an appraisal becomes your beacon of clarity: Buying or Selling: Picture yourself standing at a crossroads, contemplating a significant investment or sale. Legal and Tax Matters: Sometimes, the journey encounters legal twists and turns.

Real Estate 78

Real Estate Appraisal Renovations Legal 78

Housing Wire

APRIL 8, 2021

Like investing in the stock market, setting aside emergency savings and saving for retirement, homeownership is another vehicle that may offer the potential to build wealth,” says Citi Home Lending Officer John Gnisci. Should the property increase in value over time, then you, in turn, will have built up more equity.

Property Taxes 390

Property Taxes Landlords HOA Renovations 390

Realtor

FEBRUARY 11, 2021

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. But beware: If you want to buy, there are more upfront costs involved. These can amount to up to 3% or more of the final purchase price.”.

Property Taxes 218

Property Taxes Inspection Landlords Renovations 218

Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

Appraisal 78

Appraisal Appraisal Process Real Property Real Estate 78

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Most people know that appraisals need to be completed for lending purposes. Too often I’ve encountered many well intended owners who spend tens of thousands of dollars to make major renovations to their home or property without realizing that the return on their investment is minimal and no where near the investment they made.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Listing Spark

AUGUST 17, 2023

The FHA flipping guidelines change who you can sell to, how you can sell, and even the terms you need to comply with to buy some investment properties. Whether you’re an experienced flipper or you’re just thinking about getting into the house investment market, you’re going to encounter FHA loans more often.

Investors 36

Investors Investing Buyers Real Estate 36

D Fritz Appraisals

MARCH 4, 2024

Industry experts agree home landscaping provides an excellent return on investment. Let your budget, timeline and imagination guide your backyard renovation. today for a professional and tailored appraisal report to meet your lending, selling, and appraising needs. Fritz Appraisals Inc. Contact D. Fritz Appraisals Inc.

Home Value 99

Home Value Design Valuation Appraisal 99

AmeriMac

MAY 15, 2024

Mortgage Appraisal: On the other hand, a mortgage appraisal determines the market value of a property for the purpose of facilitating mortgage lending. Next, compile any records of recent home improvements or renovations. Start by collecting property records, including the deed, survey, and title insurance.

Appraisal 36

Appraisal Market Value Mortgage Appraisal Appraisal Process 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. Renovation loan assessments. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

AmeriMac

JUNE 6, 2022

The appraiser will look at things like the size of your home, the condition of your home, recent sales of similar homes in the area, and any upgrades or renovations you may have made. In this case, the lender wants to know how much your home is worth so they can lend you a percentage of that value. Why Do I Need a Home Appraisal?

Appraisal 36

Appraisal Renovations Buyers Lending 36

Listing Spark

AUGUST 11, 2022

If you’re looking to do some serious real estate investing, you might be interested in using a hard money lender. For those that haven’t been a real estate investor before, hard money lending may be confusing. 4:20 – The hard money lending process and the difference between that and conventional financing. Key takeaways.

Real Estate 36

Real Estate Investors Lending Investing 36

Realtor

FEBRUARY 11, 2021

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. But beware: If you want to buy, there are more upfront costs involved. These can amount to up to 3% or more of the final purchase price.”.

Property Taxes 78

Property Taxes Inspection Landlords Renovations 78

Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. A Radian spokeswoman declined to comment.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. A Radian spokeswoman declined to comment.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

On Q Financial

MARCH 4, 2022

Are you thinking of buying a foreclosed home as investment or second home ? They can then sell off their investment later down the line without liability! Wondering How to Finance Your Next Investment? Learn About Investment Property Loans. Pro: Foreclosed homes can be a great investment opportunity.

Buyers 68

Buyers Finance Investing Real Estate 68