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.

Renovations 195

Renovations Design Home Improvement Finance 195

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

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Lending Housing Market Technology Business 341

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 368

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.

Supply Chain 379

Supply Chain Renovations Finance Lending 379

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 336

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.

Loan Officers 384

Loan Officers Retail Lending Renovations 384

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 has been in acquisitive mode despite the industry downturn.

Retail 381

Retail Mortgage Lending Renovations 381

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.”.

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Inventory Renovations Lending Construction 338

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 349

Renovations Investing Finance Design 349

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?

Mortgage 441

Mortgage Renovations Appraisal Process Finance 441

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. The financial terms of the transaction have not been disclosed. With the acquisition, Planet will inherit the majority of Platinum’s origination staff and branches throughout the country.

Retail 397

Retail Mortgage Lending Renovations 397

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 366

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.

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Loan Officers Technology Lending Tools 393

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.

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Property Taxes Renovations Finance Mortgage 336

Appraisal Buzz

OCTOBER 14, 2022

According to Jon Giles, Head of Consumer Direct Lending at TD Bank, “Many Americans have more equity in their homes than ever before, and when used responsibly, HELOCs and home equity loans are effective, affordable tools which can assist in paying down higher interest debt or allowing for home renovations, which can add value to the property.”

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Renovations Tools Lending Appraisal 195

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. Capitalizing on this trend, at least for brokers and lenders, will be difficult.

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Lending Renovations Finance Investors 402

Housing Wire

JANUARY 12, 2024

The company later told RMD, however, that the loan was within current product lending limits. When asked about the reportedly higher lending limit for this loan, a FOA spokesperson told RMD that the reporting on the loan amount is simply incorrect and that it is “within current HomeSafe lending limits.”

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Tools Mortgage Finance Lending 396

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 Overall, HELOCS accounted for 20.7%

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Lending Renovations Real Estate Finance 308

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

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 370

Finance Lending Retail Renovations 370

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 384

Lending Renovations Design Tools 384

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.

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Supply Chain Lending Investors Renovations 358

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 leadership changes at APM come amid the lender’s quest for expansion.

Retail 342

Retail Renovations Loan Officers Lending 342

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. For more information, visit acralending.com.

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Housing Market Marketing Inventory Lending 432

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. “Brokers need now to control things they can control, like their costs, and give the consumer options.”

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

DECEMBER 1, 2020

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending. Faries believes technology should enhance digital experiences for all project stakeholders.

Renovations 219

Renovations Construction Inspection Technology 219

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 400

Real Estate Appraisal Insurance Training 400

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Instead, they’ll be seeking to renovate their homes.”.

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Renovations Realtors Construction Mortgage 404

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? Next, look at your space.

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Investing Renovations Landlords Real Estate 332

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.

Renovations 384

Renovations Lending Mortgage Investing 384

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 440

Real Estate Agents Marketing Sellers 440

Housing Wire

FEBRUARY 28, 2024

Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. The answer is a separate mortgage or second lien that allows them to tap into their home equity for home renovations or debt consolidation. Debt is an issue in the market today. trillion.

Mortgage 386

Mortgage Investors Real Estate Business 386

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.

Home Improvement 441

Home Improvement Renovations Finance Lending 441

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. Where might added inventory come from, if the bulk of existing homeowners continue to remain on the sidelines?

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Inventory Renovations Real Estate Government 465

Housing Wire

DECEMBER 12, 2022

Bank Home Mortgage and Planet Home Lending. Its strategy has impacted correspondent lending. So far, AmeriHome Mortgage has captured second place in the correspondent lending space from Wells Fargo, according to IMF’s data. Bank executive vice president of correspondent and HFA lending. John Hummel, U.S. Bank had a 4.3%

Marketing 392

Marketing Lending Retail Clients 392

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.

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Lending Home Value Mortgage Renovations 431