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F2 Finance wants to capitalize on a fragmented fix-and-flip market

Housing Wire

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

Finance 345
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Finance of America unveils hybrid reverse mortgage product

Housing Wire

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The new product, called EquityAvail, funds at closing and requires that the borrower make payments for 10 years but at a reduced amount, Finance of America Reverse said this week.

Finance 393
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Finance of America’s Patti Cook reflects on 45 years in the industry

Housing Wire

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. We strive to offer the widest breadth of products and services, so we can help our customers at whatever stage of life they’re in. It’s really remarkable.

Finance 354
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Finance of America Chief Product Officer: reverse mortgages ‘important’ to diverse product range

Housing Wire

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 328
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How housing credit is shaping housing inventory

Housing Wire

Let’s see how this has played out in different stages of the economy. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. All of these factors set the stage for what happened next. So inventory slowly broke lower and lower as we came into the years 2020-2024.

Staging 443
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Powell acknowledges concerns about Basel III bank proposal 

Housing Wire

Powell noted that regulators were in the early stages of absorbing feedback and evaluating possible changes. Heightened residential mortgage capital requirements for larger depository institutions could further strain an already challenged housing finance landscape. He refrained from commenting on specific changes.

Banks 376
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Why HELOCs are growing more popular

Housing Wire

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.