Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated. “A

Mortgages 392

Mortgages Equity Loans Closing 392

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated.

Mortgages 321

Mortgages Equity Development Design 321

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 360

Mortgages VA loan Principal Loans 360

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. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Lending 365

Lending Technology Loans Equity 365

Housing Wire

FEBRUARY 5, 2024

These shifting dynamics are causing the California state government to work to ensure that certain issues that can stem from such a demographic development — particularly for health care, housing and social services — are addressed in a comprehensive statewide initiative called the “Master Plan for Aging.”

Equity 363

Equity Development Design Mortgages 363

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). For real estate professionals, this option presents an opportunity to capture more sales.

Finance 437

Finance Seller concession Loan Officer Loans 437

Housing Wire

MARCH 8, 2024

The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” residential mortgage servicers, received an equity investment of $1 billion earlier this month that is designed to strength the bank’s balance sheet. NYCB, one of the largest U.S.

Banks 456

Banks Commercial Lending Residential 456

Housing Wire

JANUARY 12, 2024

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

Mortgages 376

Mortgages Finance Lending Equity 376

Propmodo

JANUARY 13, 2024

But amid this gloomy outlook, one development firm in the city is contrasting the negative view of the office and finding ways to get offices designed, financed, and completed. GDS Development (GDSNY) was launched in 2007 by architects Michael Kirchmann and Alan Rudikoff. Less than 7.2 So far, GDSNY has completed more than $4.5

Development 57

Development Lending Finance Commercial 57

Housing Wire

APRIL 3, 2024

The company arrived at the new name after what it called “a rigorous research and brand strategy development analysis,” adding it “believes its new name reflects the capabilities of a hard-working team with a can-do attitude and problem-solving culture.

Branding 322

Branding Mortgages Staging Equity 322

Realty Biz

JANUARY 10, 2022

Many more people live in the surrounding area on acreage or at least large lots that have been individually developed. We think there might be good money to be made by developing the acreage into a residential development with large lots (1/2 acre each). How do real estate developers make money? Thanks in advance.

Development 118

Development Land Due diligence Investor 118

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 378

Equity Loans Investor Mortgages 378

Housing Wire

NOVEMBER 13, 2023

Louis Federal Reserve that says American home equity amounted to nearly $30 trillion at the end of 2022. of homeowner’s equity paid out in commissions. Is the Brookings Institution saying that the average homeowner only saw their equity increase by 20% in years past? One big factor no one is talking about – friction.

Closing costs 348

Closing costs Equity Agents Technology 348

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 470

Loans Closing Mortgages Equity 470

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 328

Equity Marketing Loans Investor 328

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

Finance 458

Finance Construction Loans Renovation 458

Housing Wire

FEBRUARY 1, 2024

Yet as surrounding neighborhoods appreciated in value with increased amenities and services, rising costs pushed out the mostly Black, longtime residents — excluding them from the benefits of development.”

Lending 387

Lending Equity Development Loans 387

Housing Wire

JANUARY 9, 2024

Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. million available to support housing counseling services for homeowners, homebuyers and renters.

Mortgages 371

Mortgages Design Equity Industrial 371

Realty Biz

OCTOBER 6, 2023

Affirmed Housing, a leading provider of affordable housing throughout California, announces the completion of Asante, a new, supportive housing development located at 11001 S. He continued, “We feel privileged to be part of this new housing development, of this day and, more importantly, to be part of this community.”

Development 62

Development Property Management Finance Construction 62

Housing Wire

MARCH 28, 2024

Approximately 91% of the company’s volume last year consisted of purchase loans, with refis accounting for 5% and the remaining share coming from home equity lines of credit (HELOCs). Better is confident that its development of a “supervised learning network“ will further automate many parts of the mortgage process.

Loan Officer 394

Loan Officer VA loan Loans Technology 394

Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Our role in housing finance brings important responsibilities.”.

Equity 378

Equity Inspection Real-estate owned Residential 378

Housing Wire

JANUARY 5, 2021

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years.

Loan Officer 392

Loan Officer Lending Equity Mortgages 392

Housing Wire

SEPTEMBER 1, 2021

Over the last three years, we have accelerated our investment in the development of account and loan origination software,” said Child. He did not offer specifics on what motivated the layoffs. A spokesperson declined to say what percent of its total workforce the layoffs represent.

Lending 356

Lending Technology Banks Loans 356

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. But in the wake of HUD’s announcement, some lenders have, privately, grumbled that there are not sufficient incentives to develop the programs.

Lending 371

Lending Finance Banks Equity 371

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

NOVEMBER 3, 2021

million raise in equity funding with participation from affiliates of Starwood Capital Group and Freedom Mortgage , alongside independent investor and Softbank Group International CEO, Marcelo Claure. Third co-founder Jon Hsu is also familiar with cloud-based development having worked for Twilio, a cloud-based communication platform.

Investor 337

Investor Mortgages Staging Equity 337

Housing Wire

AUGUST 1, 2023

Jennifer McGuinness CEO Pivot Financial Jennifer Battista President of Operations and Insurance, Title – Settlement Services Anywhere Integrated Services Jennifer Vallinayagam Chief Operating Officer Sun West Mortgage Company Jennifer Lind Regional President, West Coldwell Banker Realty Jessica Sturm Executive Vice President Opteon Jillian White (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

JANUARY 27, 2021

They also offer a home equity platform for home equity loan applications and HELOCs under the same umbrella. The opportunity to re-design the future of home lending through technology cannot be overstated, as the mortgage lending industry has been relatively slow to embrace digital technologies,” said Kittredge.

Lending 349

Lending Technology Loan Officer Equity 349

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. How modernized servicing creates customers for life.

Land 378

Land Lending Technology Banks 378

Housing Wire

MARCH 23, 2022

There are several types of reverse mortgages that originators should be aware of, starting with Reverse Mortgage Funding’s proprietary reverse mortgage product, Equity Elite. The program is available to a wide range of homeowners, with lending limits as high as $4 million*.

Mortgages 370

Mortgages Equity Finance Technology 370

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. HUD also announced this week that it had awarded $54 million in grants across 42 states designed to curb appraisal bias.

Lending 361

Lending Finance Equity Development 361

Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. The definition of a spec house is straightforward.

Loans 108

Loans Finance Construction Commercial 108

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. The crypto-mortgages originated by LoanSnap so far are more akin to home-equity loans as opposed to home-purchase or rate-and-term refinance loans. Oasis Pro Markets is a U.S.-regulated

Due diligence 440

Due diligence Mortgages Equity Loans 440

Housing Wire

MAY 3, 2021

The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the financial system.

Finance 383

Finance Development Equity Mortgages 383

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

Loans 488

Loans Banks Loan Officer Branding 488

CRE Online

FEBRUARY 24, 2022

Sustainable Design Initiatives. Favoring green, sustainable design is becoming more prevalent in the commercial real estate industry. What Constitutes Sustainable Design? Sustainable design is a multifaceted field, which focuses on the integration of the built environment with its surrounding natural ecosystem.

Commercial 40

Commercial Construction Design Development 40

Housing Wire

JUNE 6, 2022

A 30-year loan mod option limits the amount of interest paid and helps borrowers accumulate equity in their homes more quickly, the groups said in the letter. At the time, the Department of Housing and Urban Development said the option could prevent “several thousand borrowers a year from foreclosure.”.

Loans 414

Loans Industrial Mortgages Real-estate owned 414