Remove post tag
article thumbnail

‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

These stressors are tied to the post-pandemic increase in remote work, as well as higher interest rates that have made it difficult to refinance commercial real estate debt. “I When the FDIC rescued Silicon Valley Bank and Signature Bank in March 2023, the price tag was $22 billion.

article thumbnail

How one lender is solving problems in the fix-and-flip space

Housing Wire

Through this program, Acra aims to remove many of the financing hurdles typically faced by those in the fix-and-flip sector. Acra understands the struggles fix-and-flip investors face when seeking financing. Traditional financing is time-consuming when it comes to fix-and-flip purchases. Time-consuming underwriting.

Lending 431
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HW+ Member Spotlight: Amanda Hill

Housing Wire

They had a unique approach to hedging and though I never imagined I would work in finance as a kid, it was an amazing journey. Homeowners who bought or refinanced when rates were much lower may reconsider planned moves or financing changes due to higher rates and limited inventory. HousingWire: What keeps you up at night and why?

article thumbnail

The latest real estate commission lawsuit is the scariest of them all

Housing Wire

The filing also claims that due to industry-wide collusion, agents steer their buyers to properties with larger compensation offers or higher overall price tags in order to receive a larger payout, which the complaint says hinders “innovation and entry by new and lower-cost real estate brokerage service providers.”

article thumbnail

3 solutions to a gridlocked housing market

Housing Wire

While that’s still below the $548,250 minimum price tag requiring a jumbo loan, the higher average indicates big increases across the board. Our goal is to provide two loans there – we provide the fix’n’flip loan and then the permanent financing for the next person that’s going to get into that home and want to live there for a long time.”.

article thumbnail

Why is our industry still transferring money with paper checks?

Housing Wire

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” The post Why is our industry still transferring money with paper checks? appeared first on HousingWire.

article thumbnail

Reinventing lead generation with the Qualified Borrower program

Housing Wire

Unfortunately, purchased leads are expensive, and their lofty price tag does not guarantee they will convert to closed loans. In a mortgage landscape rife with competition for purchase business, lenders need quality leads that demonstrate both intent to purchase a home and the ability to obtain mortgage financing.