Housing Wire

APRIL 2, 2021

It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late January. Like virtually all mortgage lenders, FOA posted record profits and originations in 2020. The lender increased originations by 70% to $32.63 billion in 2020 from $19.16

Finance 381

Finance Closing Investor Mortgages 381

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The new rate will apply to NADL loans closed on or after March 13, which will lock in the 2.5% interest rate for the life of the loan.

VA loan 397

VA loan Mortgages Land Loans 397

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. Long was most recently the executive regional manager for Union Home Mortgage before joining Planet. decline from 2022, according to Inside Mortgage Finance.

Lending 431

Lending Loans Renovation Mortgages 431

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgages 384

Mortgages Loan Officer Loans Equity 384

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The transaction is expected to close in May. “We Change Lending’s services include small-business loans and lines of credit, investor real estate loans, rehab loans and renovation loans, according to its website.

Lending 421

Lending Banks Loans Renovation 421

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. 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.

Renovation 384

Renovation Fixed-rate mortgage Equity Finance 384

Housing Wire

NOVEMBER 14, 2023

Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z wants a separate space for business One thing Gen Z likes to keep behind closed doors is their work.

Renovation 504

Renovation Technology Design Agents 504

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. Consider this: The average rate on a 30-year fixed mortgage remains above 7%, the highest it’s been in more than 20 years. But it’s not all grim news.

Equity 450

Equity Lending Banks Loans 450

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call. rebranded as Rithm Capital ).

Equity 368

Equity Lending Finance Loans 368

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022.

Loans 410

Loans Renovation Construction Mortgages 410

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity. securities regulations.

Investor 384

Investor Renovation Principal Loans 384

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. The same analysis of 435,000 distressed property dispositions shows that 72% of properties that were renovated and resold after being purchased at foreclosure auction ended up in the hands of owner-occupants.

Marketing 384

Marketing Renovation Investor Sales 384

Real Trends

MARCH 7, 2023

Presale home renovation company Revive Real Estate partnered with independent real estate franchise NextHome to provide move-in ready homes to clients of more than 5,500 NextHome agents in 610 offices across 48 states, the companies announced on Tuesday. The company claims that listed renovated homes sell faster than those that are not.

Renovation 80

Renovation Brokerage Sales Construction 80

HomeLight

JANUARY 30, 2024

As a homeowner facing life changes or new opportunities, you may be considering the benefits of refinancing your mortgage loan. While many borrowers have placed plans on hold due to higher interest rates, there may be reasons a mortgage refinance is in your future. Or maybe you just want to shorten your loan term.

Mortgages 92

Mortgages Closing costs Equity VA loan 92

Housing Wire

FEBRUARY 15, 2023

California-based retail lender American Pacific Mortgage (APM) has made leadership changes while continuing to eye expansion in the Midwest and Southeast. We believe these changes position American Pacific Mortgage for continued growth and stability.” FoA) months after it shut down its forward mortgage segment.

Lending 370

Lending Loan Officer Loans Mortgages 370

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Generally speaking, a buydown is a real estate financing technique that makes it easier for a borrower to qualify for a mortgage with a lower interest rate.

Seller concession 441

Seller concession Loan Officer Closing costs Mortgages 441

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officer 410

Loan Officer Lending Technology Loans 410

Point2Homes

FEBRUARY 3, 2021

Having spent a lot more time at home than usual throughout 2020, it’s perhaps only natural that interest in home improvements and renovations rocketed. However you plan to renovate your home in 2021, you’ll need a way to pay for it. As a result, it’s a better choice for financing major renovations and repairs on your home.

Renovation 98

Renovation Finance Equity Closing costs 98

Housing Wire

NOVEMBER 5, 2021

The sales closed in the third quarter have averaged 101.1% Where Redfin has been struggling with its iBuying operation – as was also the case with Zillow – is with renovations. We’re expanding our renovations capacity quickly, and already pricing higher renovation costs into our offers,” Kelman said. million.

Renovation 382

Renovation Brokerage Agents Mortgages 382

Housing Wire

NOVEMBER 8, 2023

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. In November 2021, about four years after its first home sale, Zillow decided to close its iBuying division. Opendoor’s stock closed at $2.09

Marketing 421

Marketing Investor Sales Renovation 421

Housing Wire

JUNE 10, 2021

5 reasons to refinance your mortgage right now. Home improvements and renovations are also important to buyers. A concession is when the seller agrees to pay part of a buyer’s closing costs. Sellers also have to pay closing costs. Make sure you’re aware of the fees you’ll have to pay, so you can budget accordingly.

Seller concession 546

Seller concession Closing costs Staging Inspection 546

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. People are calling it the Great Renovation. We’re already starting to see opportunities that we’re looking at,” he added.

Finance 370

Finance Marketing Lending Investor 370

Housing Wire

JUNE 30, 2022

With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market. We’re well-capitalized and committed to mortgage, particularly the broker channel. Lee Smith: EVP, President of Mortgage. Our brokers are our partners. “We

Lending 370

Lending Banks Technology New Construction 370

Realtor.com

NOVEMBER 10, 2022

On the contrary, it’s full steam ahead: More than a third (37%) proudly say they’ve finished a home renovation project in 2022, with half of this cohort saying they’ll start hammering away on new upgrades starting next year. The top challenges renovating today. Exteriors are getting new windows and skylights.

Renovation 81

Renovation Design Technology Industrial 81

Housing Wire

MARCH 4, 2022

gap in the level of employment compared to February 2020, and at this pace, the gap could be closed in three months.”. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? With job gains of 678,000, there is only a 1.4% percentage point to 62.3%.

Residential 370

Residential Construction Renovation Industrial 370

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Data from Inside Mortgage Finance again confirms Rocket as the largest mortgage lender in the U.S. ” U.S. New Residential Investment Corp.

Equity 384

Equity Loans Lending Banks 384

HomeLight

JANUARY 12, 2022

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan.

Closing 108

Closing Purchase and sale agreement Pre-approval Inspection 108

Housing Wire

OCTOBER 28, 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. in 2022.

Sales 421

Sales Renovation Banks Marketing 421

Marco Santarelli

APRIL 19, 2024

Here are 3 hidden costs of mortgages you need to factor into your homeownership budget: 3 Hidden Costs of Mortgages You Need to Know About 1. Closing Costs: A Not-So-Small Down Payment You Didn't Know You Needed Closing costs encompass a variety of fees associated with finalizing your home purchase and obtaining your mortgage.

Mortgages 52

Mortgages Closing costs Title search Title 52

Housing Wire

DECEMBER 2, 2022

Mortgage volumes are continuing to drop as interest rates continue to rise. By knowing when customers and prospects are looking for a new home, needing to tap into their home equity, or needing other mortgage products, lenders can reduce customer churn and identify new opportunities faster than ever before.

Marketing 397

Marketing Equity Loans Renovation 397

Housing Wire

APRIL 27, 2021

It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months. Finance of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market.

Finance 370

Finance Lending Mortgages Renovation 370

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Equity 410

Equity Brokerage Mortgages Title 410

HomeLight

NOVEMBER 9, 2021

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

Closing costs 84

Closing costs Closing Title Title search 84

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price.

Agents 450

Agents Inspection Sales Commercial 450

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. ” Amazing, right?

Commercial 384

Commercial Renovation Technology Inspection 384

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Even if a mortgage broker or conventional lender is unable to fund the transaction, they might be able to refer.

Purchase and sale agreement 384

Purchase and sale agreement Investor Hard money loan Lending 384