Housing Wire

MAY 12, 2021

Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing. The rest of this content is for HW+ members.

Loans 457

Loans FHA loan Mortgages Construction 457

Housing Wire

FEBRUARY 3, 2023

The Lock ‘n’ Roll program is eligible for conventional and government fixed-rate loans, with the lock period being a minimum of 60 days, according to its website. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex. billion.

Loans 344

Loans Loan Officer Closing costs Mortgages 344

Bigger Pockets

APRIL 29, 2024

The real estate market is ever-evolving, and there has been a growing trend toward ground-up construction. This article is presented by CV3 Financial. Read our editorial guidelines for more information. With existing […]

Construction 106

Construction Loans Investor Marketing 106

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. with 41.8%

Marketing 426

Marketing Equity Construction Loans 426

Housing Wire

JUNE 8, 2021

Low rates and increased demand mean prices are soaring on what stock is available – and what’s available isn’t staying on the market for long. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

Loans 356

Loans Lending Renovation New Construction 356

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 419

Loan Officer Mortgages VA loan Lending 419

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgages 354

Mortgages Marketing Lending Construction 354

Eye on Housing

SEPTEMBER 8, 2021

The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. These gains have lifted the year-over-year growth rate, marking an expansion of outstanding loans for home builders. during the second quarter, even as the market cooled off strong.

Residential 105

Residential Construction Loans Marketing 105

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Balancing supply and demand is a delicate dance between new construction and existing properties. Balancing supply and demand is a delicate dance between new construction and existing properties.

Due diligence 387

Due diligence Marketing Mortgages New Construction 387

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

FHA loan 464

FHA loan Bankruptcy Marketing Loans 464

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.

Loans 120

Loans Construction Land Finance 120

Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. But its bridge loan and fix-and-flip loan pipeline is down 40% over that same time period.

Marketing 344

Marketing Lending Banks Loans 344

Housing Wire

MAY 6, 2024

According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers. million in mortgages last year, mainly for building and construction.

Mortgages 408

Mortgages Loan Officer Banks Equity 408

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.

Lending 448

Lending Mortgages Marketing Loans 448

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.

Finance 475

Finance Construction Loans Renovation 475

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. Demand for purchase loans declined by 10% in the same period. For jumbo loans (greater than $726,200), rates increased from 5.92% to 5.99% this week.

Fixed-rate mortgage 342

Fixed-rate mortgage Mortgages Marketing Loan Officer 342

Housing Wire

DECEMBER 21, 2023

21, according to Freddie Mac ‘s Primary Mortgage Market Survey. Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.68% on Thursday. With a rate of 6.2%, the typical monthly payment on a loan for a $400,000 home would be about $2,700, down from $3,000 with a 7.5%

Mortgages 511

Mortgages Fixed-rate mortgage MLS New Construction 511

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

Mortgages 420

Mortgages Marketing Banks New Construction 420

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. Much of this market dysfunction is also attributable to a lack of lenders.

Title 445

Title Finance Loans Lending 445

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. percentage points of the loan amount,” Nunziata said. The second year you’re going to save $250 a month as opposed to $60.

Marketing 435

Marketing FHA loan Loans Mortgages 435

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Mortgages 417

Mortgages Marketing Investor Loan Officer 417

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation. What a year 2021 has been. We started the year with many pundits saying that the U.S.

Marketing 531

Marketing Equity Construction Bankruptcy 531

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. In its 4th year, 40 honorees were recognized.

Finance 414

Finance Principal Construction MLS 414

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

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. It also has a niche in construction and manufactured home loan programs. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 374

Lending New Construction Construction Finance 374

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Lending 390

Lending Technology Loans Equity 390

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.

Loans 108

Loans Finance Construction Commercial 108

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. In June 2023, Planet Home Lending acquired Platinum Home Mortgage Corporation , bringing over 20 branches.

Lending 405

Lending Loans Renovation Mortgages 405

Housing Wire

SEPTEMBER 21, 2023

Mortgage rates remained well above 7% on Thursday as markets digested Wednesday’s Fed meeting. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.19% as of Sept. 21, up one basis point from last week ’s 7.18%.

Mortgages 440

Mortgages Fixed-rate mortgage Loans Construction 440

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. It’s no longer about just outlasting a bad market for a couple of months. “I Instead of Mary and Bob Smith buying a place, it’s Mary and Bob Smith and Bob’s mom,” said Dominic Carlucci, sales manager at CMG Home Loans. “We’re Really struggling.

Loan Officer 434

Loan Officer Mortgages Fixed-rate mortgage Loans 434

Housing Wire

JANUARY 3, 2024

The recent decline in rates has given the housing market some cause for optimism going into 2024, but purchase applications have not yet picked up in response, with the overall level of purchase activity 12% lower than a year ago,” Kan said in a statement. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

Mortgages 384

Mortgages VA loan FHA loan Loans 384

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products.

Loan Officer 395

Loan Officer Loans Mortgages Equity 395

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” said Sandy Williams, an eXp Realty agent in Sarasota.

Marketing 356

Marketing Loan Officer Construction New Construction 356

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.

Loans 420

Loans Renovation Construction Mortgages 420

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.

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Banks Construction Finance Commercial 65

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.

Loan Officer 415

Loan Officer Mortgages Loans Closing costs 415

RIS Media

JANUARY 26, 2024

New construction is having its time in the sun. The low level of… The post New-Home Loan Applications Jumped, Housing Starts Have Solid Showing in December appeared first on RISMedia. “The low level of… The post New-Home Loan Applications Jumped, Housing Starts Have Solid Showing in December appeared first on RISMedia.

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Loans New Construction Construction Mortgages 121