Housing Wire

FEBRUARY 6, 2025

Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Key non-QM products for 2025 Before 2025 continues, lenders should arm themselves with the right tools for tackling the market: Investor loans Investing is the vehicle to success for homeowners in the market.

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Loans Mortgages Equity Construction 343

Housing Wire

MARCH 25, 2025

The agreement is designed to fit the New York-based lender’s asset-based underwriting model, allowing for greater flexibility in how capital is allocated across its varied loan portfolio. “Private lenders are filling a critical gap in the market, especially as traditional banks pull back on real estate financing.

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Lending Equity Banks Construction 307

Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. SmartSale is designed as an alternative for sellers who are navigating financial challenges or simply seeking greater control, Auction.com explained.

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Proof of funds Equity Technology Banks 370

Housing Wire

MARCH 4, 2025

Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the companys digital and customer experience strategies. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.

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Technology Equity Finance Mortgages 344

Housing Wire

OCTOBER 30, 2024

That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. According to a filing from the California Department of Financial Protection and Innovation dated Oct. 18, LoanSnap had its license revoked after it failed to renew its surety bond.

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Lending Loan Officer Banks Loans 448

Housing Wire

JULY 26, 2023

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

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Investor Closing costs Loans Mortgages 370

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

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Lending Technology Title Development 349

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Loans Finance Renovation Equity 529

Housing Wire

JANUARY 24, 2024

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement. housing.”

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Housing Wire

FEBRUARY 27, 2025

Its designed to resemble A-paper loan processes to help brokers familiarize themselves. Or, perhaps a real estate investor is looking to finance a rental property using the rental income as proof of their ability to repay. It eliminates the manual component of evaluation and reduces turnaround times.

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Lending Technology Loans Mortgages 312

Housing Wire

JUNE 4, 2024

The map is designed to give prospective homebuyers more information about whether or not cash purchases are more or less common in a given area, so they can then make a financing decision based on the competitiveness of cash offers, according to Miguel Villegas, director of NAF Cash.

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Housing Wire

MAY 17, 2024

Both firms guide real estate investors in buying, selling and managing single-family rental (SFR) homes across the country. The unified platform will offer real estate investors robust technology, deep data insights and a property management system specifically designed for SFRs. million across nine funding rounds.

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Housing Wire

JULY 16, 2024

The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As RentRedi’s biggest investors include K1 Investment Management, RiverPark Ventures, TIA Ventures and Tribeca Early Stage Partners.

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Housing Wire

SEPTEMBER 24, 2021

As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase. Through this program, Acra aims to remove many of the financing hurdles typically faced by those in the fix-and-flip sector.

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Lending Finance Loans Renovation 459

Housing Wire

JULY 19, 2024

This move is designed to “create an additional economic incentive to protect Ginnie Mae and taxpayers against a decline in collateral value,” Ginnie Mae explained when announcing the proposed term sheet. Ginnie Mae has] been very transparent about how securities are meant to support both issuers and investors,” he said.

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Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

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Commercial Finance Branding Principal 432

Housing Wire

MARCH 24, 2021

Pacaso , a company founded by former Zillow executives that is focused on second-home ownership, announced Wednesday they raised $75 million in venture capital financing. The company connects consumers with real estate agents, and Pacaso “sets up a professionally managed LLC uniquely designed for co-ownership,” the firm said.

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Finance Equity Investor Design 430

Housing Wire

OCTOBER 18, 2021

The decline was apparent across all servicer types and investor types,” said Mike Fratantoni, MBA’s chief economist. Mortgage servicers, lenders, state housing finance agencies and the U.S. The post Forbearance heading one direction: down appeared first on HousingWire.

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Loans Finance Investor Mortgages 435

Housing Wire

MAY 15, 2024

Credit-risk transfer vehicles “would be evaluated in subsequent phases,” according to an outline of the proposed Freddie CES plan issued by its governing body, the Federal Housing Finance Agency (FHFA). This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Equity Loans Investor Mortgages 492

Housing Wire

DECEMBER 18, 2020

Here’s what you need to know about financing that purchase. A conventional loan is a smart way to finance an income-earning property. Since FHA loans are designed for primary residences only, you’ll need to live in the home for at least a year before renting it out. Are you thinking of buying a house to rent out on Airbnb?

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FHA loan Hard money loan Loans Loan Officer 488

The Close

NOVEMBER 12, 2024

This article breaks down seven steps to help you learn how to buy land—covering everything from the pros and cons to financing and closing the sale. Carrying costs: Land has costs without revenue, like property taxes and debt service if financed. Let’s get into it! There are many zoning categories, depending on your area.

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Land Investor Finance Development 98

Housing Wire

DECEMBER 7, 2023

Senate have introduced bills in their respective chambers designed to ban hedge funds from participating in the single-family housing market, citing supply and affordability challenges as justification. Data shows that institutional investors currently maintain a sizable stake in the single-family housing space. “By

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Marketing Investor Development Design 539

Housing Wire

SEPTEMBER 20, 2022

But recently a new factor is accelerating the problem — massive purchases of single-family homes by larger investors. In Texas, for example, major institutional investors bought 28% of the single-family homes sold in 2021. Nationally, institutional investors are buying over 13% of homes, and that share is increasing.

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Investor Lending As-is Equity 435

Housing Wire

OCTOBER 17, 2023

Still, even in this difficult-to-agonizing supply-challenged housing market, SFR and fix-and-flip investors, which both target existing-home inventory, are still finding ways to make a profit — at a thin margin in most cases, but a profit, nonetheless. That’s particularly true for mom-and-pop investors across both market segments.

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Investor Finance Loans Renovation 448

Housing Wire

OCTOBER 18, 2024

ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. As they put it, “We give our clients a complete ecosystem of proven tech, data, and analytics that supports the whole real estate and housing finance journey.”

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Technology Mortgages Marketing Lending 446

Housing Wire

JUNE 16, 2022

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs).

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Finance Principal Design Mortgages 397

Housing Wire

MAY 15, 2024

Credit-risk transfer vehicles “would be evaluated in subsequent phases,” according to an outline of the proposed Freddie CES plan issued by its governing body, the Federal Housing Finance Agency (FHFA). This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Equity Marketing Loans Investor 447

Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. billion, according to offering documents. The news is just as positive in the more traditional home equity sector of HELOCs and CESs.

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Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

AUGUST 28, 2023

The CDFI certification is a designation given by the U.S. Department of Treasury CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

Lending 370

Lending Finance Loans Design 370

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Due diligence Mortgages Equity Loans 476

Housing Wire

DECEMBER 13, 2024

Instead, it would be similar to Ginnie Mae HMBS (backed by FHA -insured reverse mortgage loans), where the investor is paid an accrued sum at the time the loan resolves. is designed to enable the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement.

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Bankruptcy Loans Investor Banks 370

Housing Wire

SEPTEMBER 26, 2023

On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day. “[Our goal is ] Having a unified platform that can serve all the products that a bank can offer.

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Banks Mortgages Loans Investor 448

Housing Wire

JULY 23, 2021

Acra’s jumbo prime mortgage solution is designed to provide borrowers with the larger loan amounts needed to purchase a high-value property, with loan amounts up to $3 million. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. Fix’n’flip.

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Marketing Banks Lending Loans 459

Housing Wire

JULY 19, 2022

The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S.

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Mortgages Loans Lending Finance 459

Housing Wire

JANUARY 5, 2023

Interest rate stability offers the best environment for MBS performance, and inflation reduces the demand that investors have for mortgage-backed bonds. In designated high-cost areas, Fannie Mae and Freddie Mac now buy mortgages over $1 million for one-unit properties amid a rise in home prices year over year.

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Marketing Equity Loans Investor 476

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

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Industrial Banks Loans Design 397

Housing Wire

JUNE 15, 2021

Sprout said it intends to grow its retail channel through increased direct sales to consumers and residential investors, dedicated retail facilities, and joint ventures. In April, the company announced that it had hired Infosys chief information officer and global director of real estate finance Henry Santos to be CIO.

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Mortgages Lending Banks Residential 397