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UWM expands its hard credit reports program

Housing Wire

In addition, in its Safe Check Complete version, launched Wednesday, the broker can order a pre-qualification based on a three-bureau soft credit check for $23. UWM’s website clarifies that Safe Check is not eligible for home equity lines of credit (HELOCs), bank statement, investor and USDA loans.

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Divvy Homes hits $2 billion valuation after latest funding round

Housing Wire

Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. Landis Technologies , a company with a similar business model, hauled in $165 million in debt and equity financing less than a month ago.

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LOs and brokers, are you prepared for an evolving workforce?

Housing Wire

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? Moreover, borrowers can access equity in a current portfolio of homes to purchase additional properties or use the market rent from the subject property to qualify.

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How Is The Market For Condominium Assignments?

Toronto Realty Blog

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE! Time flies when you’re having fun, right?

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

“One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. There is never a perfect investment situation.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

It wasn’t long ago that the decision to sell your house for cash was associated with a neglected or foreclosed property whose value had plummeted, as an investor swooped in to snatch it up for a bargain. Buy-and-hold investors. Who’s paying cash for houses? Here are some of the most common sources of cash offers in 2022.

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Thinking About a Rent-to-Own House? Here’s What You Need to Know

HomeLight

The seller can determine the terms of the option, which may or may not include a pre-set purchase price for the home. A mortgage lender will still want buyers to meet all the standard qualification requirements, including adequate credit, employment, and debt-to-income ratio. Lease-purchase agreements. The downsides of renting-to-own.