Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. The same year, the bank completed a deal to finance an ultra-luxury condo project in Sunny Isles Beach, Florida, with a $558 million construction loan. In 2019, the bank inked one of its biggest deals.

Banks 67

Banks Construction Finance Commercial 67

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Title 442

Title Finance Loans Lending 442

Realtor.com

MARCH 8, 2021

Instead, you might need a construction loan. In this installment from our Guide to Building Your Own Home , we’ll cover everything you need to know about construction loans. What is a construction loan? This down payment is based on the combined cost of the land and estimated construction costs.

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Loans Construction Land Finance 120

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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Loan Officer Lending Loans Finance 414

Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae.

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Loans Mortgages Construction Finance 424

The Mortgage Report

APRIL 20, 2021

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here.

Construction 122

Construction Loans Land Finance 122

The Mortgage Report

APRIL 20, 2021

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here.

Construction 122

Construction Loans Land Finance 122

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. decline from 2022, according to Inside Mortgage Finance.

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Lending Loans Renovation Mortgages 424

Housing Wire

APRIL 5, 2024

“Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

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Pre-approval Marketing New Construction Construction 449

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Builders may face difficulties obtaining financing due to the higher risks of speculative projects.

Loans 108

Loans Finance Construction Commercial 108

Housing Wire

MARCH 21, 2024

I’m here to build on our presence in the West by fostering an environment where mortgage loan originators and branch managers can truly thrive.” Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data.

Lending 413

Lending Sales Commercial Loans 413

Eye on Housing

MAY 26, 2023

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 69

Construction Development Loans Finance 69

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs.

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Lending New Construction Construction Finance 422

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% As more first-time homebuyers are turning to new construction, builders offer smaller, more-affordable homes as well as incentives like interest rate buydowns to tempt buyers off of the fence. Over the past year, the value of the U.S.

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Marketing New Construction Finance Construction 510

Housing Wire

NOVEMBER 20, 2023

The lender also brought over 45 former retail branches from Finance of America Companies Inc. Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. FoA) months after it shut down its forward mortgage segment.

Mortgages 414

Mortgages Lending Finance Loans 414

The Mortgage Report

APRIL 14, 2021

An FHA construction loan lets you buy land, build a house, and finance a mortgage — all with one loan. But the process and requirements can be complicated.

Construction 111

Construction Loans Land Finance 111

The Mortgage Report

APRIL 14, 2021

An FHA construction loan lets you buy land, build a house, and finance a mortgage — all with one loan. But the process and requirements can be complicated.

Construction 111

Construction Loans Land Finance 111

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgages 464

Mortgages VA loan Finance Loans 464

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. Really struggling.

Loan Officer 404

Loan Officer Mortgages Fixed-rate mortgage Loans 404

Housing Wire

JULY 14, 2022

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. .

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Loans Investor Finance Construction 393

Housing Wire

AUGUST 25, 2023

AmeriFirst told Housingwire that the bankruptcy action has no impact on closed mortgages and the loans in the pipeline will be closed and funded. The lender also maintained its servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. billion in loan origination, data from Modex showed.

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

Banks 403

Banks Lending Finance Mortgages 403

Housing Wire

MARCH 21, 2024

The silver lining, however, is that builders have picked up their pace of construction. Compounding the lack of supply is the proverbial “lock-in“ effect that has disincentivized homeowners to sell their current properties, thereby giving up a low mortgage rate and taking on a new loan at a much higher rate. “A

Industrial 417

Industrial Banks Residential Lending 417

Housing Wire

MARCH 22, 2023

The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. billion in fully funded cash proceeds from the global investment firm Atlas SP Partners through a new senior asset-backed financing facility. The company secured $1.4

Banks 393

Banks Commercial Loans Investor 393

Eye on Housing

MARCH 30, 2023

According to NAHB analysis of Federal Deposit Insurance Corporation (FDIC) data, large banks (assets greater than $10 billion) have increased their share of the residential construction loan market above pre-Great Recession levels in recent years. The majority of 1-4 residential construction loans are still.

Residential 69

Residential Construction Banks Loans 69

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.

Loans 371

Loans Finance Residential Investor 371

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement.

Mortgages 370

Mortgages Loan Officer Loans Technology 370

Housing Wire

JULY 19, 2023

Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales. As a direct and proximate result of Chikonde’s actions, Fannie Mae temporarily suspended Go Mortgage’s seller/service number, which caused the company to be unable to deliver loans,” the suit said.

Mortgages 370

Mortgages Marketing Lending Construction 370

Housing Wire

FEBRUARY 6, 2023

UWM originated $128 billion in 2022, per Inside Mortgage Finance estimates. Hubacker said in a statement he will enhance the CFO role and capabilities of UWM’s finance team as a “strategic business partner to the company.” It represented an increase of 51% from the $215.4 million registered in the second quarter of 2022.

Principal 404

Principal Finance Mortgages Loans 404

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Aside from geographical expansion, Academy also brings expertise in the construction loan space for builders, which represents 25% to 30% of its business, according to Schmidt.

Mortgages 414

Mortgages Loan Officer Loans Closing 414

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes. Getty Images.

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New Construction Construction VA loan Finance 110

Eye on Housing

AUGUST 26, 2022

NAHB analysis of the 2021 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.8% of the market, while conventional financing dominated the market at 71.2%. In 2020, share of non-conventional financing was 34.4%

Finance 119

Finance Construction Sales Marketing 119

Realty Biz

NOVEMBER 6, 2023

Germany's wave of cancellations in residential construction continues at alarming rates, with expectations reaching an exceptional low of -63.9 It's getting worse all the time, with more and more projects failing due to higher interest rates and elevated construction prices. in the previous month; 48.7% in September.

Residential 67

Residential Construction Finance Lending 67

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions. The lender originated $6.5

Mortgages 393

Mortgages Lending Loan Officer Loans 393

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Make sure your buyers understand the difference between being prequalified, preapproved and loan-committed.

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Proof of funds Inspection contingency Inspection MLS 424

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

Banks 414

Banks Mortgages Lending Commercial 414

Housing Wire

JUNE 22, 2023

The lender maintained their servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. Because now what they have to do is they have to go in and charge points to get their loans done,” he said. LOs at the lender receive 150 to 165 bps per loan depending on the arena, Bowlby said.

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Loan Officer Mortgages Loans Lending 370