Housing Wire

JANUARY 9, 2024

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

Finance 485

Finance Construction Renovation Loans 485

Housing Wire

MAY 21, 2025

Founded in 2022 as a spinoff from Airbnb , Samara has broader goals to revolutionize housing construction with a streamlined, cost-efficient model one that founder and CEO Mike McNamara believes could be a meaningful piece of a much larger national puzzle. Its ADUs are constructed entirely off-site in a factory environment.

Construction 336

Construction Finance Development Industrial 336

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. This loan type offers up to $2 million in financing. Why is that important?

Loans 288

Loans Mortgages Equity Construction 288

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector.

Residential 341

Residential Lending Finance Banks 341

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 237

Lending Equity Banks Construction 237

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

Construction 534

Construction Closing costs Renovation Title 534

Housing Wire

FEBRUARY 28, 2024

Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs. It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S.

Construction 430

Construction Equity Mortgages Finance 430

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Residential 409

Residential Lending Finance Investor 409

Housing Wire

NOVEMBER 28, 2023

“The increases to FHA’s loan limits will enable homebuyers to use FHA’s low-down-payment financing to access homeownership at a time when a lack of affordability threatens to shut well-qualified borrowers out of the market.” Virgin Islands account for higher construction costs.

FHA loan 479

FHA loan Loans Finance Lending 479

Housing Wire

OCTOBER 10, 2024

The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp. HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit.

Renovation 407

Renovation Finance Equity Technology 407

Housing Wire

SEPTEMBER 26, 2024

Miller is overseeing construction of a new home with wood floors that contain no thresholds, which might cause a tripping hazard in later life. Home equity can play a role in financing home modifications or paying for in-home care. They have voice-enabled everything,” he told the Journal.

Equity 431

Equity Technology Finance Construction 431

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices.

Finance 396

Finance Loans Construction Equity 396

Housing Wire

NOVEMBER 21, 2023

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% Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officer 418

Loan Officer Lending Loans Finance 418

Housing Wire

MARCH 19, 2021

Lennar’s focus on its strategic investments and homebuilding comes amid historic inventory lows , construction worker shortages, near-record low mortgage rates and incredible demand. Total construction costs are down 0.7% Given the apartment business has ~$1 bln of invested equity today, this suggests at least $1.5

Land 527

Land Development Equity Construction 527

Housing Wire

APRIL 12, 2022

Unfortunately, the rising cost of construction forces developers to find more funding sources to complete these projects. To build market-rate housing, project financing is relatively straightforward, typically requiring a mix of private equity and debt. Layering complexities lead to increasing costs.

Finance 397

Finance Development Construction Equity 397

Housing Wire

OCTOBER 1, 2024

Inside Mortgage Finance ranked Rocket as the eighth-largest U.S. Besides closing subservicing deals, Rocket has been actively acquiring servicing assets at higher coupon rates to create refinance and home equity origination opportunities. Meanwhile, Rocket’s servicing portfolio, including subserviced loans, had a UPB of $534.6

Closing 404

Closing Principal Loans Finance 404

Housing Wire

AUGUST 13, 2024

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

Construction 409

Construction New Construction Equity Residential 409

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. For this to work, we would need to prevent NIMBY lawsuits from delaying construction projects. If supply goes over 6.5

Construction 545

Construction Mortgages Sales Finance 545

Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. but are well-established in Europe. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 411

Fixed-rate mortgage Finance Investor Loans 411

Housing Wire

NOVEMBER 26, 2024

Regular adjustment of loan limits ensures that FHA financing continues to be available in all markets to all those who rely on our programs to access homeownership.” Virgin Islands account for higher construction costs. Mortgage limits for special areas, including the states and territories of Alaska, Hawaii, Guam and the U.S.

FHA loan 370

FHA loan Loans Finance Lending 370

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

Construction 447

Construction Principal Design Equity 447

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I do think [HMBS 2.0]

Development 428

Development Industrial Mortgages Fixed-rate mortgage 428

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Loans 343

Loans Finance Residential Investor 343

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co. 1, 2022, according to a CoStar News report.

Marketing 545

Marketing Construction Development Investor 545

Housing Wire

JANUARY 23, 2024

Private equity giant Blackstone is set to acquire Tricon Residential in a deal valued at around $3.5 The company has various land development projects in the pipeline, capable of supporting the construction of nearly 21,000 single-family homes. billion, the company announced last week. per common share.

Residential 485

Residential Development Land Equity 485

Housing Wire

DECEMBER 12, 2024

The increase in asset limits is really focused on people with a significant amount of equity in their homes, giving them the opportunity to take out a reverse mortgage to be able to have a little extra money for retirement. as they seem focused on people with high-cost homes and significant equity. Maria Cantwell (D-Wash.)s

Mortgages 370

Mortgages Equity Construction As-is 370

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 421

Banks Mortgages Lending Commercial 421

Housing Wire

APRIL 28, 2023

Over the next 10 years, the partnership could result in “up to $1 billion” in capital and financing from Wells Fargo and grants from the Wells Fargo Foundation, the companies said.

Lending 431

Lending Banks Commercial Development 431

Housing Wire

FEBRUARY 24, 2022

But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course. The company also grew the price range for which it buys homes and where it operates. Additionally, the company has $5.7

Title 432

Title Investor Finance Brokerage 432

Housing Wire

APRIL 14, 2023

As buyers wanted to find the perfect property, before interest rates rose, they were willing to offer all cash to sellers so their offer was not contingent on financing. Thus, the typical homeowner, who owned their home for a decade, had more than $200,000 in housing equity to make a trade.

Equity 432

Equity Investor New Construction Mortgages 432

Housing Wire

OCTOBER 21, 2021

The Affordable Housing Program (AHP) requires that each of the 11 FHLBanks in America contributes 10% of the preceding year’s net income to the purchase, construction, or rehabilitation of homes. million, two-year partnership with the Urban Institute to create a racial equity accelerator program.

Banks 370

Banks Loans Equity Development 370

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 331

Renovation Equity Mortgages Design 331

Housing Wire

NOVEMBER 21, 2022

This deficit greatly exacerbates the challenge of bringing equity to homeownership, particularly for low-to-moderate income (LMI) home buyers who are disproportionately people of color. CoreLogic estimates that by the end of 2022, the United States will be facing a 1.2-million-unit Data science for the good of affordable homeownership.

Finance 384

Finance Design Equity Construction 384

Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. Reali , another proptech company founded by Heller and Avrahami, shut down in 2022 after raising more than $290 million in debt and equity funding.

Bankruptcy 458

Bankruptcy Inspection Investor Staging 458

Housing Wire

AUGUST 8, 2024

New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. That’s great news for the millions of American homeowners who see their equity rising, but first-time buyers are going to keep finding it tough to find an affordable home.” That’s a 6.6%

New Construction 428

New Construction Equity Construction Marketing 428

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.

Loans 384

Loans Lending Construction Banks 384

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. Overcoming the challenges of zoning and job opportunities are key to building affordable housing , Frater noted.

Land 496

Land Principal Mortgages Equity 496