Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says.

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Marketing Renovation Investor Sales 368

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. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Companies may be struggling in one way or another.

Loan Officer 349

Loan Officer Marketing Pre-approval Fixed-rate mortgage 349

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. So far this year, the correspondent channel has gained market share on the two other channels, increasing from 23.4% Bank Home Mortgage and Planet Home Lending.

Marketing 378

Marketing Lending Banks Loans 378

Realty Biz

APRIL 29, 2024

Renovating your home doesn't have to break the bank, especially in a city like San Diego, where the real estate market is as dynamic as the city's vibrant culture. Innovative, budget-friendly strategies can make a big difference if you want to enhance your living space or increase your home's market value.

Renovation 81

Renovation Banks Finance As-is 81

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?

Debt-to-income ratio 358

Debt-to-income ratio Mortgages Banks Investor 358

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 368

Renovation Fixed-rate mortgage Equity Finance 368

Realty Biz

JANUARY 23, 2024

CIBC Bank USA has unveiled its latest initiative aimed at promoting affordable housing, encompassing a $17.6 The renovation scope encompasses rejuvenating all units, communal spaces, and building systems. Extensive refurbishments and appliance replacements are slated to elevate the residents' living standards.

Banks 87

Banks Commercial Renovation Loans 87

Housing Wire

AUGUST 4, 2023

Over the month, a job gain in real estate and rental and leasing (+12,000) partially compensated for a loss in commercial banking (-3,000). On the housing market, she said that conditions are still favorable for households, supporting housing demand. However, climbing mortgage rates remain a substantial obstacle for homebuyers.

Marketing 296

Marketing Residential Construction Commercial 296

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. As of March 8, according to Commerce Bank , the prime rate was 7.75%. to 2 points.” billion in 2021 to $9.6

Equity 362

Equity Marketing Debt-to-income ratio Lending 362

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Marketing 374

Marketing Title Closing costs Technology 374

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

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Lending New Construction Construction Finance 340

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

DECEMBER 1, 2022

Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Most HELOC programs offered by big banks take on average 66 days to get approval, according to the Mortgage Bankers Association.

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Equity Renovation Banks Loans 404

Housing Wire

JUNE 3, 2022

The continued strength in the job market will provide ongoing support to housing demand.”. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? Mortgage banking companies, on the other hand, employed 290,400 full time employees as of April 30, 2022, up 500 from the end of March.

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Residential Construction Banks Renovation 439

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 531

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 367

Marketing Lending Loans Mortgages 367

Housing Wire

NOVEMBER 25, 2020

Many real estate investors were serendipitously ahead of this shift even before the pandemic started, driven by both affordability and an affinity for overlooked markets. Currently I’m in some of the Southern markets like Alabama, Mississippi, Texas, Indianapolis, Ohio. See sidebar for more details on these markets.

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Investor Marketing Renovation New Construction 545

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Equity 375

Equity Lending Banks Loans 375

Housing Wire

NOVEMBER 4, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Construction 523

Construction Renovation New Construction Development 523

Housing Wire

APRIL 27, 2021

A homebuyer report from Bank of America shows that 51% of young homebuyers aged 18 to 43 value community and friendly neighbors when deciding whether or not to pull the trigger on a new home. A homebuyer’s guide to a competitive housing market. The housing market is extremely competitive right now. Presented by: Citi.

Equity 461

Equity Banks Lending Renovation 461

Housing Wire

OCTOBER 28, 2021

Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. Top markets for affordable renovated housing inventory. Presented by: Auction.com.

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Sales Renovation Banks Marketing 414

Housing Wire

OCTOBER 25, 2021

Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns. In addition, with one-third of homes stayed on the market for less than a week and inventory was down 13% from a year prior. ” Top markets for affordable renovated housing inventory.

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Renovation Banks Brokerage Agents 404

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. Not necessarily.

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Housing Wire

MARCH 3, 2021

The programs include MAXEX Sustainable, which allows borrowers to finance green energy renovations into their 30-year fixed mortgage, and allows for residential solar panels and geothermal units to be amortized in the loan at the point of purchase or refinance. The company is also offering a “quicker” version of its base program.

Loans 433

Loans Banks Residential Finance 433

Realty Biz

AUGUST 28, 2021

There are many reasons why people decide to renovate homes. Reports show that most people planning a renovation intend to spend $10,000 or more. Before making any major decisions, consider what you want out of the renovation for tomorrow and the next 5 or 10 years. Investors have earned big profits with fix-n-flip remodels.

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Renovation Inspection Equity Construction 99

Housing Wire

MARCH 4, 2022

Job gains were strong again in February, with multiple aspects of the report highlighting a tight labor market,” MBA SVP and chief economist Mike Fratantoni said in a statement. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? The unemployment rate remains higher than the 3.5%

Residential 370

Residential Construction Renovation Industrial 370

Housing Wire

JULY 14, 2022

The role of renovators. Among more than 73,000 properties sold to third-party buyers at foreclosure auction between 2016 and 2020 and then subsequently resold into the retail market, 73% (more than 53,000) were sold to owner-occupant buyers, according to the public record data. I buy local.

Renovation 341

Renovation MLS Investor Loans 341

Housing Wire

OCTOBER 17, 2023

Pre-foreclosure momentum “If you’re experiencing long-term financial hardship and cannot afford your monthly mortgage payments, selling your home may be the best option,” explains a US Bank video that walks this thin line. Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.”

MLS 387

MLS Short sale Equity Banks 387

Point2Homes

SEPTEMBER 1, 2020

After reaching record highs in 2019, Canadian spending on home renovations declined drastically in the early days of the COVID-19 pandemic. With this in mind, many businesses in the home improvement market assumed 2020 would be another big year for their industry. Pandemic-Induced Home Renovations. and 3.6%, respectively.

Renovation 91

Renovation Equity Banks As-is 91

Realtor.com

FEBRUARY 16, 2021

For a buyer in search of the ultimate in home security, this former bank building on Prairie Street in Winnsboro, LA, is on the market for $700,000. Reed bought the former Winnsboro State Bank branch in 2012, and turned it into a five-bedroom home with 7,500 square feet of living space. “I It’s just not possible.

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Banks Renovation As-is Agents 122

Housing Wire

APRIL 27, 2023

Another larger player in the space, Progress Residential , recently postponed a securitization transaction due to difficult market conditions. And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal.

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Renovation Residential Commercial As-is 293

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. While FHA does finance some chattel loans, it is an extremely small share of the market.

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Title Land Finance Renovation 328

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

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Renovation Construction Development Finance 419

Housing Wire

DECEMBER 30, 2022

At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. Whether it be through social media, connecting with real estate agents or going back to old-fashioned ways of knocking on people’s doors, they’ll have to focus on the purchase market going into the new year.

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Loans Renovation Construction Mortgages 389

Housing Wire

JULY 5, 2022

billion of loans across 33 states, with additional key markets targeted for future expansion,” states the April announcement detailing the acquisition deal then still in motion. Riverbend offers financing to veteran real estate investors who acquire residential and multifamily transitional properties with plans to renovate and sell them.

Finance 373

Finance Investor Loans Lending 373

Housing Wire

AUGUST 1, 2022

“In the current market, short-term interest rates have risen sharply – making it much harder to pay off credit card debt,” said Bob Walters, CEO at Rocket Mortgage. Homeowners can later draw from the line of credit for two-to-five years, depending on the term selected at then-current market rates. ” U.S. ” U.S.

Equity 380

Equity Loans Lending Banks 380

HomeLight

FEBRUARY 4, 2022

The pandemic cast our homes in a whole new light and subsequently shifted which renovations increase home value. One-third of top agents in a HomeLight survey ranked “the desire to make homes a sanctuary from the world” as the number-one reason for renovations in their market. Get a Home Value Estimate Before You Renovate.

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Renovation Agents As-is Design 120