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).
Housing Wire
MARCH 14, 2024
Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). Change is a community development financial institution (CDFI) that is certified by the U.S. We are excited to expand our impact and better serve our target market borrowers.”
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Housing Wire
MARCH 28, 2024
Department of Housing and Urban Development (HUD) on Thursday announced $173.8 million in new grant and loan awards under the Green and Resilient Retrofit Program (GRRP), which brings the level of total funding awarded under it to $544 million, now comprising more than 50% of the full allocation. million grant under the GRRP program.
Housing Wire
JUNE 8, 2021
EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8 EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3%
Housing Wire
JUNE 8, 2021
The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. 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.
Housing Wire
MARCH 18, 2022
Over the years I ended up teaching classes on renovation loans, mortgage insurance, mortgage mechanics, etc.,” Then about six years ago, I taught a class on government loans and included a class section on reverse mortgages, and things have never been the same.”. In the last six years, my HECM production has steadily grown.”.
Housing Wire
MARCH 7, 2024
Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. What sets us apart is not just these products, but how we come together, across different channels, to continuously innovate and refine them.
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