Housing Wire

FEBRUARY 12, 2024

. “With the acquisition of AFR, we will build on our already strong mortgage platform. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. residential mortgage market and housing-related assets. residential mortgage market and housing-related assets.

Lending 347

Lending New Construction Construction Finance 347

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

Renovation 344

Renovation Development Rent back Principal 344

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. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

Finance 459

Finance Construction Loans Renovation 459

Housing Wire

FEBRUARY 21, 2024

Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae. million COVID-19 loss-mitigation actions.

Principal 388

Principal Loans Mortgages Renovation 388

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Renovation 428

Renovation Construction Development Finance 428

Housing Wire

JANUARY 4, 2024

Published on the heels of JCHS’ “ Housing America’s Older Adults 2023 ” report from December, the growing number of mortgage products available to a wider swath of American seniors could make a difference for those aiming to age in place. Reverse mortgage companies have also invested in their own home modification programs.

Equity 328

Equity Renovation Lending Finance 328

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer.

Title search 508

Title search Title Renovation Investor 508

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Renovation 462

Renovation Sales Investor Mortgages 462

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call. rebranded as Rithm Capital ).

Equity 287

Equity Lending Finance Loans 287

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. billion manufactured home purchase mortgages in 2021, according to HMDA data.

Title 330

Title Land Finance Renovation 330

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Data from Inside Mortgage Finance again confirms Rocket as the largest mortgage lender in the U.S. ” U.S. New Residential Investment Corp.

Equity 383

Equity Loans Lending Banks 383

Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions.

Renovation 418

Renovation Industrial Development Land 418

Housing Wire

JULY 23, 2021

According to data from the Mortgage Bankers Association, the average purchase price had risen to $384,000 as of May. 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. Jumbo products.

Marketing 432

Marketing Banks Lending Loans 432

Housing Wire

MAY 3, 2022

Fast-rising mortgage rates, recently cresting above 5% , have reduced refinance volumes by 70% year over year as of the end of April. The new unit focuses on developing mortgage-adjacent lending products and services. The lender seeks to expand its product portfolio to help compensate for the lost volume, like most competitors.

Equity 397

Equity Loan Officer Loans Technology 397

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Even if a mortgage broker or conventional lender is unable to fund the transaction, they might be able to refer. Escrow officers and title agents.

Purchase and sale agreement 384

Purchase and sale agreement Investor Hard money loan Lending 384

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. What about AVMs?

Commercial 366

Commercial Renovation Technology Inspection 366

Housing Wire

JUNE 30, 2021

“‘High tech – High touch’ is our mantra as we develop industry-leading tools and resources with a never-ending commitment to the relationships with our brokers and team members,” CEO Sanjiv Das said. Caliber offers a “triple play” of resources to help elevate a broker’s business. Tony Kottenbrock, SVP, Wholesale Lending.

Lending 384

Lending MLS Loans Renovation 384

Housing Wire

APRIL 14, 2023

The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Who decides what our neighborhoods look like? And who profits from these projects?

Commercial 340

Commercial Land Development Industrial 340

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ). As of March 8, according to Commerce Bank , the prime rate was 7.75%.

Equity 361

Equity Marketing Debt-to-income ratio Lending 361

GeekEstate

SEPTEMBER 27, 2021

RealStaq provides the systems and data building blocks required to develop and sustain scalable home shopping, renovating, and mortgage financing experiences. [Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: RealStaq.].

MLS 101

MLS Renovation Technology Residential 101

Point2Homes

MAY 21, 2021

In fact, if you choose one of these first-time homebuyer programs , you may even see significant savings compared to a traditional or conventional mortgage. If you have had your share of financial issues, this program might allow you to buy a house — even if you don’t meet the ideal conditions set by conventional mortgages.

Loans 144

Loans VA loan FHA loan Renovation 144

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. House-hacking is a great way to build wealth and pay down your mortgage. Call or text me with any real estate questions!

Brokerage 359

Brokerage Investor Agents Pre-approval 359

Realty Biz

DECEMBER 15, 2023

Factor in the cost of renovations or necessary repairs when calculating the overall investment value. Future Development Plans Investigating future development plans in the area is essential for understanding the potential growth and appreciation of the property.

Due diligence 98

Due diligence Property Management Investor Finance 98

Housing Wire

OCTOBER 4, 2022

Department of Housing and Urban Development (HUD) said Tuesday during the 2022 HousingWire Annual event held in Scottsdale, Arizona. According to Joseph, homes needing renovation can be “daunting,” especially for first-time homebuyers looking for something that is turnkey.

Renovation 397

Renovation Loans Development Industrial 397

Realtor.com

JANUARY 11, 2023

“Simply put, total homeownership costs are more than a monthly mortgage payment alone.” Compounding the problem is that homeowners who might normally sell aren’t doing so because they’re reluctant to buy a new home—and get a new mortgage—when interest rates are so high. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

Loans 129

Loans FHA loan VA loan Renovation 129

Marco Santarelli

APRIL 9, 2024

This is a contrast to other forms of real estate investments in which you first have to spend time and resources on construction, development, marketing, and selling. The developer does all the renovation and the property management company manages the property on your behalf.

Due diligence 98

Due diligence Property Management Investor Development 98

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 533

Construction Closing costs Renovation Title 533

Marco Santarelli

SEPTEMBER 8, 2023

Property-Specific Improvements: Homeowners can also influence home appreciation through property improvements and renovations. Investing in upgrades like kitchen remodels, bathroom renovations or energy-efficient upgrades can boost a property's value and contribute to higher-than-average annual home value increases.

Renovation 92

Renovation Equity Residential Investor 92

Housing Wire

FEBRUARY 8, 2024

Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad. Through every step, from finding a title agent to getting a mortgage worked out, she explained what needed to be done in clear and concise terms, and maintained professional transparency.

Agents 387

Agents Construction Design Branding 387

Propmodo

DECEMBER 8, 2023

Originally developed in 1974 on what had once been the site of the Chicago Stock Exchange, 30 North LaSalle had been a tenant and lender favorite over the years, boasting a premier location within close proximity to City Hall, a metro station at its door, and more than 10,000 square feet of retail at its base.

Loans 62

Loans Renovation Equity Development 62

GeekEstate

SEPTEMBER 20, 2022

Arx : Building the decision-making engine for the real estate industry with a mission to catalyze the development of an equitably built world. The Arx platform automates the entire process of sourcing and evaluating potential investment and development projects.

Inspection 121

Inspection Property Management Technology Agents 121

Realty Biz

NOVEMBER 28, 2022

Or perhaps the building is in dire need of extensive renovation or repairs. Efficient Mortgage Lending. The real estate industry relies heavily on mortgage lending to function. These may include the cost of nearby properties, added value due to renovations, and more. Stay Informed on Upcoming AI Developments.

Technology 100

Technology Lending Renovation Industrial 100

Realty Biz

JANUARY 4, 2024

Some Loans Are More Strict It's essential to note that some mortgage programs are more strict on what an appraiser will look at. Additionally, more significant properties often offer flexibility regarding future development or expansion possibilities, further contributing to their appraisal value. Absolutely!

FHA loan 100

FHA loan Construction Renovation Loans 100

Realty Biz

MARCH 14, 2024

A HELOC allows homeowners to borrow against the equity on their homes This equity represents the difference between the current market value of the property and the outstanding balance on the mortgage, with a HELOC, homeowners can access funds as needed and this is similar to a credit card which is up to a predetermined credit limit.

Due diligence 95

Due diligence Equity Investor Finance 95

GeekEstate

OCTOBER 29, 2021

For instance, while Blend’s original product focused specifically on the mortgage point-of-sale, the company has since expanded to offer title services, home insurance and closings. We expect this to be particularly important as mortgage rates rise over the next year, putting stress on lenders to become more operationally efficient.

Technology 135

Technology Marketing Purchase and sale agreement Equity 135

Real Trends

DECEMBER 14, 2022

In the housing industry, agents need to develop their own muscle memory reaction to changing circumstances, new obstacles and shifting markets in order to stay in the fight. Vetted VA has developed a training curriculum for agents, or any housing industry professional, to learn more about VA loans. said Griffith.

VA loan 103

VA loan Loans Lending Loan Officer 103