Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. The group will be branded as Shamrock, Powered by CMG Home Loans. 21, NMLS showed the lender had eight loan officers and 13 branches. year over year.

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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.

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Finance Construction Loans Renovation 477

Housing Wire

APRIL 1, 2024

The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products. This means they take the loan application, submit it and earn compensation for the transaction. “To This is just one more arrow in their quiver.”

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Loan Officer Loans Mortgages Equity 414

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 412

Mortgages Closing costs Equity Construction 412

Realty Biz

OCTOBER 21, 2023

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Development financing for larger new construction projects and alternative financing approaches should also be considered. Traditional mortgage loans are a common choice, particularly for individual spec homes.

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Loans Finance Construction Commercial 108

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.

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Marketing Equity Construction Loans 433

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

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Loans Renovation Construction Mortgages 404

Housing Wire

APRIL 3, 2024

It has constructed a servicing platform while adding multi-asset originations and asset management capabilities. Messina went on to describe the company having “steadily grown” its mortgage servicing and subservicing portfolios.

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Branding Mortgages Staging Equity 409

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 The home equity loans balance was $24.7

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Banks Mortgages Lending Commercial 414

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

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Loan Officer Mortgages Loans Closing costs 393

Housing Wire

NOVEMBER 2, 2021

Investment firm Pretium has acquired the leading fix-and-flip lender Anchor Loans LP from affiliates of Wafra Capital Partners Inc. California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. and other owners.

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Loans Finance Residential Investor 371

Housing Wire

JULY 25, 2022

The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. 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.

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Banks Loan Officer Loans Lending 370

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.

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Mortgages Loans Residential Equity 382

Eye on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

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Loans Loan Officer Commercial Lending 122

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The Federal Home Loan Bank System was created in 1932 by the Federal Home Loan Bank Act as a government-sponsored enterprise to support mortgage lending. In May, Sen.

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Banks Loans Equity Finance 370

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%.

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Loans FHA loan VA loan Equity 129

Housing Wire

FEBRUARY 28, 2024

A net loss in originations and a “drag from interest rate hedges exceeded net gains on proprietary loans, reverse MSR-related net assets and servicing income,” Herlihy explained. HECM and proprietary performance The Longbridge portfolio increased to $552 million at the end of last year, Herlihy said, up from $328 million to end 2022.

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Mortgages Investor Equity Branding 414

Housing Wire

JANUARY 11, 2023

The early entrants into the market — including Milo and Figure Technologies — made loans equal to 100% of the borrower’s cryptocurrency value with no down payment required. With more stability in rates in recent months, borrowers who don’t qualify for conventional loans continue to seek non-QM loans.

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Lending Mortgages Marketing Loans 414

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%

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Mortgages Marketing Banks New Construction 414

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. Builders are closing loans in the 4.5 Your client can get their home on the market a few months before construction is complete and not have to move twice.

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Equity MLS Construction Agents 285

Housing Wire

DECEMBER 29, 2021

Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation. Housing permits are growing and this is a good thing for the economy and construction jobs. On top of all that, the nested equity position of American homeowners has never looked better. These households got sub-3.5%

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Marketing Equity Construction Bankruptcy 531

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. For existing homeowners, that’s good news because it means equity accumulation. So, the servicing valuation on those loans is strong, because pre-payments are low. Production is in a recession.

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FHA loan Bankruptcy Marketing Loans 442

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. that were picking up the low-hanging fruit on agency loans, are going to need another product to focus on, and that’s non-QM.” Refinance decline. Brokers across the U.S.

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Lending Investor Loans New Construction 403

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. Business is at a “dead stop,” said a retail loan officer in Michigan. Mark Glebman, Caliber Home Loans. Credit scores are at record highs, and equity positions have never been stronger.

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Mortgages Loan Officer Loans Equity 382

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

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

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Equity Mortgages Renovation Construction 111

Broke Agent Media

MAY 17, 2023

BAM Key Details: A new mortgage product introduced by Skipton Building Society will allow first-time home buyers in the UK to purchase a home with a no-deposit 100% mortgage loan. A new mortgage product introduced by Skipton Building Society will allow first-time home buyers in the UK to purchase a home with a no-deposit 100% mortgage loan.

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Loans Mortgages Equity Construction 52

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.

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New Construction Construction Pre-approval Inspection 105

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.

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Fixed-rate mortgage Finance Investor Loans 413

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.

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Renovation Equity Mortgages Design 274

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. One hypothetical path to profitability is ancillary services, particularly Opendoor mortgage loans and title insurance.

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Title Investor Finance Brokerage 424

Realty Biz

OCTOBER 24, 2023

Greystone , a leading national commercial real estate finance company, has provided a $21,555,000 Fannie Mae Multifamily Affordable Housing (MAH) loan to refinance a 101-unit affordable housing property in Carteret, New Jersey. In addition to refinancing, loan proceeds enable the borrower to monetize a portion of their equity in the property.

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Loans Lending Commercial Finance 57

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2 That’s it.

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Loan Officer Loans Equity Mortgages 404

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

Keeping Current Matters

MARCH 10, 2021

Recently, the Urban Institute released their latest Housing Credit Availability Index (HCAI) which “ measures the percentage of owner-occupied home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date. New construction isn’t making up the difference in inventory needed.

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Equity New Construction Construction Short sale 262

Housing Wire

JUNE 23, 2021

In fact, equity gained through homeownership is a primary means for Americans to accumulate wealth—especially for Black households, according to the Urban Institute. Purchasing a home is still more affordable than renting in two-thirds of the country. And, a first home becomes a stepping-stone for first-time buyers to build wealth.

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Marketing Construction Industrial Mortgages 414

Marco Santarelli

APRIL 15, 2024

These standards have ensured that borrowers are more qualified and less likely to default on their loans, creating a healthier environment for mortgage lending. Homeowner Equity Another significant factor is the overall healthier balance sheet among homeowners. This reduction in demand could lead to a decrease in home prices.

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Marketing Equity Lending Construction 105