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. Both programs are offered for loan values from $400,000 to $3 million. “The U.S. “The U.S.

Loans 432

Loans Banks Residential Finance 432

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. The goal is to expand its overall market share to 1% this year from 0.6%.

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Loan Officer Marketing Pre-approval Fixed-rate mortgage 341

Housing Wire

JUNE 8, 2021

Low rates and increased demand mean prices are soaring on what stock is available – and what’s available isn’t staying on the market for long. 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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Loans Lending Renovation New Construction 327

Housing Wire

MAY 24, 2024

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. In his new role, Thompson will also be responsible for driving growth and expanding the company’s market presence while fostering relationships with real estate partners.

Mortgages 335

Mortgages Loan Officer Renovation Loans 335

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. 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 Lending Investor 352

Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

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Investor Marketing Construction Loans 433

Housing Wire

MARCH 18, 2022

My market share in this area continues to grow steadily even though on a national level it is stagnant or even declining.”. Over the years I ended up teaching classes on renovation loans, mortgage insurance, mortgage mechanics, etc.,” I subsequently have developed two more CE classes that only deal with HECM loans.

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Loans Closing Mortgages Equity 452

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity.

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Renovation Equity Mortgages Design 273

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Lower interest rates tend to create a more dynamic and competitive market for buyers and often result in an eventual rise in home prices.

Fixed-rate mortgage 425

Fixed-rate mortgage Agents Marketing Lending 425

HomeLight

MAY 10, 2024

A home equity loan can be a life-lifting tool for funding home renovations, consolidating debt, or covering unexpected expenses. How long does it take to get a home equity loan? In this guide, we’ll provide insights and tips about home equity loans and how long it takes to access the funds you need.

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Equity Loans Renovation Finance 97

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency loans. Acra Lending is doing what it can to help free up inventory. 3-month bank statement.

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Marketing Banks Lending Loans 424

Housing Wire

MAY 22, 2024

While aging in place is a common choice, economic and mortgage market realities are also making it difficult to relocate even if someone may want to. Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S.

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Renovation Equity Design Branding 398

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. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 464

Mortgages VA loan Finance Loans 464

Housing Wire

DECEMBER 2, 2022

It has resulted in a highly competitive market, and lenders recognize the importance of maintaining existing customers in this challenging market. The combined volume of home equity lines of credit (HELOCs) and traditional closed-end home equity loans are up 47% from January to May 2022. Identifying HELOC opportunities.

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Marketing Equity Loans Renovation 321

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. The Fed report is a measure of loan balances, not originations.) “The rebranded as Rithm Capital ).

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Equity Marketing Debt-to-income ratio Lending 357

HomeLight

JANUARY 29, 2021

But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. If you’re considering taking out a home renovation loan to spruce up a powder room or gut the kitchen, we’ve got you covered. An overview of home renovation loan options.

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Renovation Loans Equity Construction 98

Housing Wire

DECEMBER 12, 2022

The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market. Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators.

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Marketing Lending Banks Loans 372

Housing Wire

MARCH 7, 2024

“Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. In June 2023, Planet Home Lending acquired Platinum Home Mortgage Corporation , bringing over 20 branches.

Lending 360

Lending Loans Renovation Mortgages 360

Realty Biz

AUGUST 3, 2023

In recent years, virtual renovation has emerged as a groundbreaking tool that allows homeowners, designers, and contractors to visualize and plan home renovation projects in a virtual space. Benefits of Virtual Renovation Cost-Efficiency : Reduces the risk of costly mistakes. Steps to Virtual Renovation 1.

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Renovation Pre-approval Investor Construction 77

Housing Wire

JULY 20, 2021

Mortgage professionals never know what the industry will throw at them, so staying on top of market shifts can help originators prepare for what’s to come. De-risking efforts by GSEs, migration shifts, demographic changes and more are pushing the market to adapt to meet the needs of today’s borrowers. Changing Borrower Activity.

Marketing 365

Marketing Lending Loans Mortgages 365

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.

Renovation 362

Renovation Fixed-rate mortgage Equity Finance 362

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Loans 383

Loans Renovation Construction Mortgages 383

Realty Biz

SEPTEMBER 29, 2022

If you’re in the process of planning a home renovation, you’re likely feeling both excited and anxious. Renovations can be a great way to update your home and add value to it, but they can also be tricky and expensive if not done correctly. A successful home renovation requires a team of skilled professionals.

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Renovation Loans Finance Design 103

Housing Wire

JUNE 13, 2023

The first quarter of 2023 proved a tough market for everyone in the housing industry, including institutional buyers of single-family rental (SFR) properties, but there are signs the second quarter of this year has been far more buoyant for these so-called “Wall Street” players. One clue to that resurgence is a $1.5

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Marketing Investor Residential Sales 313

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. HousingWire: What factors are contributing to borrowers falling out of the Agency market?

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Debt-to-income ratio Mortgages Banks Investor 348

Housing Wire

JANUARY 9, 2024

Importantly, homeowners can also include 50% of their estimated rental income when applying for an FHA renovation loan to construct an ADU, which helps with DTI constraints. Fannie Mae and Freddie Mac already have some guidelines for ADU financing, but they have yet to have a major impact on the overall supply in the market.

Finance 443

Finance Construction Loans Renovation 443

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. It also has a niche in construction and manufactured home loan programs. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

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Lending New Construction Construction Finance 330

Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. Worries about finding a replacement home in a hot housing market. Should homeowners get off the sidelines of this housing market? But existing homes?

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Marketing Renovation Construction Mortgages 457

Housing Wire

FEBRUARY 28, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Manchester, New Hampshire. “We Provo, Utah.

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Marketing Loan Officer Agents Staging 359

Housing Wire

JUNE 1, 2023

The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. billion in mortgage loans from January to March, with $6.3 million in cash.

Mortgages 392

Mortgages Lending Loan Officer Loans 392

Housing Wire

MAY 23, 2024

In Economics 101, the increase in interest rates should have been coexisting with a decrease in demand,“ Todman said in an interview with HousingWire this week during the Mortgage Bankers Association ’s (MBA) Secondary and Capital Markets Conference. But they face competition from large institutional investors in the housing market.

Investor 313

Investor Mortgages Renovation Construction 313

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. The program’s maximum loan term is 20 years. FHA’s loan limit is $69,678 for chattel financing.

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Title Land Finance Renovation 318

Housing Wire

NOVEMBER 20, 2023

Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. APM has 2,009 sponsored mortgage loan originators with 496 active branches across the country, the Nationwide Multistate Licensing System ( NMLS ) showed.

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Mortgages Lending Finance Loans 343

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them. The lender’s role in succeeding by helping its LOs succeed.

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Loan Officer Lending Technology Loans 363

Realty Biz

AUGUST 30, 2021

203k FHA Loans Explained. One of the better options is what’s known as an FHA 203k loan. It is a more relaxed type of loan since the U.S. The beauty of FHA 203k loans is that you can combine the financing of the purchase of a home and the cost to make repairs and renovations. Loan Limitation.

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FHA 203k rehab loan Loans Renovation Due diligence 137

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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Construction Closing costs Renovation Title 530

Housing Wire

MARCH 7, 2024

Then he spoke about a more controversial element to the housing plan announced earlier on Thursday: cutting the requirement for title insurance on some loans. President Biden is calling on Congress to pass his plan to build and renovate two million affordable homes – and bring those rents down. million new housing units nationwide.”

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Title Renovation Finance Mortgages 435