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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 368
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Here’s how wholesale lenders and brokers are navigating near-8% mortgage rates

Housing Wire

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. Then, we have all the traditional financing options, including jumbo.”

Mortgages 463
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CMG Financial adds Shamrock’s $300M-plus origination team

Housing Wire

The group will be branded as Shamrock, Powered by CMG Home Loans. According to Inside Mortgage Finance (IMF) estimates, CMG was the 16th-largest mortgage lender in the country in the first nine months of 2023, with a $16 billion volume, an increase of 17.5% year over year.

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Older Americans are ‘splurging’ on home modifications to support aging in place

Housing Wire

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. The Home Depot is refreshing an in-house brand with accessibility in mind for things like grab bars and easier-to-use faucets.

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Biden makes case for housing proposals in Las Vegas speech

Housing Wire

You’re investing more in building and renovating an affordable home than almost any other […] state in the country. That’s why to help your congressional delegation, I’ve cut red tape so more builders can get federal financing for their new projects. “A A record 1.7

Equity 396
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DataDigest: iBuyers slide farther from hyped market disruption

Housing Wire

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc. “The largest, undisrupted market in the U.S.,”

Marketing 396
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Chip and Joanna Gaines to Turn Waco Newspaper Building Into Headquarters

RIS Media

(TNS)—Chip and Joanna Gaines are taking over another building in downtown Waco, this time to house a new headquarters for their expanding Magnolia lifestyle brand. million to renovate the three-story, 110,000-square-foot building that housed the newspaper for 70 years. Magnolia said it plans to spend $13.6