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The most effective aging-in-place renovations, according to experts and retirees

Housing Wire

But sometimes the cost of renovations can exceed the amount of cash that a retiree has access to, particularly for the majority of older Americans living on fixed incomes and relying on benefit programs like Social Security. More drastic renovations can double or even triple that figure.

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Planet Home Lending hires Doug Long to expand its retail branch network 

Housing Wire

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. Its strategy has focused on acquisitions in both correspondent and retail channels.

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The renovation ripple effect in underserved neighborhoods

Housing Wire

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. I’m trying to make homes in certain areas livable again. I can’t just be a part of that problem.

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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions, a retail lender with a footprint of over 1,300 physical offices, has dipped into specialty finance sectors before. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% in 2021 to $433 billion. The space remains dominated by depository banks.

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Auction Demand Weakens in Q3 as Retail Market Softens 

Appraisal Buzz

The post Auction Demand Weakens in Q3 as Retail Market Softens first appeared on The MortgagePoint. The post Auction Demand Weakens in Q3 as Retail Market Softens appeared first on Appraisal Buzz. To read the full report, including more data, charts, and methodology click here.

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Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

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American Pacific Mortgage names Bill Lowman chairman of the board

Housing Wire

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. The lender also brought over 45 former retail branches from Finance of America Companies Inc. FoA) months after it shut down its forward mortgage segment.

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