Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. AARP applauds HUD’s update to its Home Equity Conversion Mortgage for Purchase Program which keeps vital consumer protections in place,” Jones said.

Mortgages 386

Mortgages Closing costs Equity Construction 386

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Lending 403

Lending Technology Loans Equity 403

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 476

Finance Construction Loans Renovation 476

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS). It has licenses in four states and three branches.

Banks 411

Banks Mortgages Loan Officer Loans 411

Housing Wire

JANUARY 22, 2024

Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the Chicago Sun-Times.

Marketing 382

Marketing Construction Equity Mortgages 382

Housing Wire

JANUARY 26, 2024

A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and data from the U.S. with 41.8%

Marketing 428

Marketing Equity Construction Loans 428

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. For non-borrowing spouses , the results were a bit more mixed.

Loans 314

Loans Equity Principal Development 314

Housing Wire

APRIL 3, 2024

It has constructed a servicing platform while adding multi-asset originations and asset management capabilities. Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp. announced on Wednesday that it is undergoing a rebranding effort and will be known as Onity Group Inc.

Branding 370

Branding Mortgages Staging Equity 370

Housing Wire

APRIL 1, 2024

To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. “To This is just one more arrow in their quiver.”

Loan Officer 405

Loan Officer Loans Mortgages Equity 405

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. There are also limitations regarding changes during construction and potentially longer commutes from commercial areas and schools. Locating a cheap house to build often means deviating from standard new construction. Different types of new homes can be less expensive.

New Construction 72

New Construction Construction Equity Commercial 72

Toronto Realty Blog

JULY 4, 2023

TorontoRealtyBlog Do you remember the good old days of pre-construction condominiums? I remember when, among other things, you could purchase a pre-construction condo with a mere 5% deposit. That was the reason to buy pre-construction condos back in 2004, not to mention that absurd 5% deposit structure. And that was it.

Construction 75

Construction Development Brokerage Equity 75

Housing Wire

OCTOBER 14, 2021

These drastic increases in price, mean that longtime homeowners have seen massive equity gains, giving them more cash to use toward a potential new home, giving them an advantage in a bidding war against younger buyers who may be trying to purchase their first home. “And housing market,” Tucker said in a statement.

Equity 538

Equity Construction Marketing Agents 538

Housing Wire

FEBRUARY 28, 2024

While Longbridge had a lower origination volume on a quarterly basis, largely due to seasonal and macroeconomic factors, “tighter yield spreads and lower interest rates did improve gain on sale margins” for both Home Equity Conversion Mortgages (HECMs) and proprietary products. I expect this to happen around midyear.”

Mortgages 406

Mortgages Investor Equity Branding 406

Housing Wire

DECEMBER 29, 2021

Housing permits are growing and this is a good thing for the economy and construction jobs. While I have never been a housing construction boom guy because mature economies typically don’t have a construction boom, the fact that permits are keeping their uptrend is a big positive for the United States of America.

Marketing 531

Marketing Equity Construction Bankruptcy 531

Housing Wire

APRIL 14, 2023

Additionally, buyers migrated to more affordable locations in low-density areas, allowing them to purchase a home with all cash, if they had housing equity from their past property. Thus, the typical homeowner, who owned their home for a decade, had more than $200,000 in housing equity to make a trade. Today, the average is 2.7

Investor 424

Investor Equity New Construction Mortgages 424

Housing Wire

JANUARY 31, 2023

It will also include the company’s local traditional consumer mortgage and construction-to-permanent businesses. The home equity loans balance was $24.7 The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7% increase from the previous quarter and a 51.4%

Banks 413

Banks Mortgages Lending Commercial 413

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

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New Construction Construction Development Renovation 126

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. Mortgage products expected to get love .

Loans 403

Loans Renovation Construction Mortgages 403

Housing Wire

FEBRUARY 1, 2022

Class Valuation, which itself is owned by private equity firm Gridiron Capital, said the acquisition of Metro-West would fit into its larger strategy of fusing tech tools such as automation and 3D measurements to help clear the well-documented capacity issues in appraisal. There’s been a surge in private equity investment in the U.S.

Equity 361

Equity Residential Construction Mortgages 361

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. This article is part of our HousingWire 2022 forecast series.

Construction 493

Construction New Construction Equity Sales 493

RIS Media

DECEMBER 10, 2020

CoreLogic® recently released the Home Equity Report for the third quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen equity increase by 10.8 This marks the largest average equity gain since the first quarter of 2014. The report shows U.S. percent to 1.6

Equity 111

Equity Mortgages Renovation Construction 111

Real Trends

MARCH 29, 2023

Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011. Builders responded in kind, gearing up the development of new homes to meet the growing demand.

New Construction 89

New Construction Construction Banks Development 89

Housing Wire

JULY 20, 2023

Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Your client can get their home on the market a few months before construction is complete and not have to move twice. Nationwide, inventory is at all-time lows. range currently!

Equity 284

Equity MLS Construction Agents 284

Housing Wire

JULY 25, 2022

The bank offers conventional loans, FHA , VA , USDA , construction, bridge loan, cash-out refis, home equity, land and mobile home loans, according to its website. HousingWire sent an email to Witherspoon seeking additional details, such as the reason for the layoffs, but did not immediately get a response. . As the U.S.

Banks 369

Banks Loan Officer Loans Lending 369

Housing Wire

DECEMBER 2, 2020

Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices. With less cash and no home equity, millennial and Gen Z first-time buyers will be impacted the most by rising home prices and interest rates,” Hale said.

Marketing 521

Marketing Construction New Construction Equity 521

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. They are the owner and seller.

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New Construction Construction Probate sale Investor 52

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Mortgages 412

Mortgages Marketing Banks New Construction 412

Housing Wire

JANUARY 11, 2023

Licensed in five states — Colorado, Florida, Oregon, Tennessee and Texas — the lender has two sponsored LOs and offers conforming, FHA, jumbo, construction loans, Home Equity Line of Credit (HELOC), and cash-out refis in addition to non-QMs. We are able to count it as liquidity from a reserve requirement and for asset depletion.”.

Lending 414

Lending Mortgages Marketing Loans 414

Keeping Current Matters

OCTOBER 13, 2021

The great news is that the money you need probably already exists in your current home in the form of equity. Home Equity Is Skyrocketing. The record-setting increases in home prices over the last two years dramatically improved homeowners’ equity. Waiting to leverage your equity will probably mean you’ll pay more to do so.

Renovation 274

Renovation Equity Mortgages Design 274

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Due to limited options available on the market, buyers are increasingly turning to newly constructed homes, Xu added.

Mortgages 381

Mortgages Loans Residential Equity 381

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 103

Mortgages Marketing Equity Pre-approval 103

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Waiting for rates to go down is just a foolish bet.

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Marco Santarelli

APRIL 15, 2024

Homeowner Equity Another significant factor is the overall healthier balance sheet among homeowners. The housing market is a complex and dynamic system influenced by various economic factors , policies, and consumer behaviors. It's evident that while the housing market faces headwinds , it is not uniformly heading towards a downturn.

Marketing 105

Marketing Equity Lending Construction 105

Housing Wire

NOVEMBER 16, 2020

We know that the Biden/Harris administration will be an advocate of fair housing policies and racial equity, and we look forward to what’s to come. It will take incredible leadership and focus to ensure that these resources reach renters as quickly as possible. “In Presented by: Fannie Mae.

Construction 535

Construction Industrial Development Lending 535

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash. However, there are many reasons this real estate market is nothing like 2008. This is nothing like the last time.

Equity 263

Equity New Construction Construction Short sale 263

Housing Wire

MARCH 28, 2022

HousingWire: How will rising rates affect new home construction? Logan Mohtashami: Rising rates make housing less affordable, so for a first-time home buyer that doesn’t have the benefit of selling their home with that nested equity, it makes it harder for them. This Q&A was originally hosted on March 23rd.

Marketing 365

Marketing Construction Equity Mortgages 365