Housing Wire

NOVEMBER 30, 2023

Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. After receiving the industry’s feedback, the FHA proposes that the maximum costs for the program’s limited version increase from $35,000 to $50,000.

Inspection 406

Inspection Finance Renovation Loans 406

Redfin

JANUARY 23, 2024

In an era defined by digital innovation and the rise of cryptocurrencies, the use of Bitcoin extends far beyond the realm of traditional finance. This article explores the innovative ways Bitcoin is reshaping the world of home renovation, providing a glimpse into the future where Bitcoin meets interior design and construction.

Renovation 57

Renovation Finance Loans Design 57

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). The volume of HELOC loans declined by 17% to $60.1

Equity 271

Equity Lending Finance Loans 271

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Renovation 371

Renovation Equity Mortgages Closing costs 371

Housing Wire

JULY 3, 2023

billion in Q1 2022 (which was roughly in line with industry peers). billion, according to data from Inside Mortgage Finance. The target client base for PrimeLending is first-time homebuyers, as the entire industry is struggling to overcome the lock-in effect. billion, a 54% decline from $3.76 Production dropped about 15.2%

Loan Officer 335

Loan Officer Marketing Pre-approval Fixed-rate mortgage 335

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

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Finance FHA loan Investor Loans 90

Housing Wire

JANUARY 31, 2023

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I Go [Mortgage] was on that list,” Reich said. In-house is key.

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Loans Mortgages Loan Officer Pre-approval 361

Housing Wire

NOVEMBER 6, 2023

After that, real estate professionals were tasked with cleaning up the industry and giving every client equal opportunities. When it was passed in 1968, the Fair Housing Act made it illegal to discriminate in rental housing, real estate sales, and financing based on race, color, national origin, religion, sex, familial status, or disability.

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Agents Lending Finance Title 417

Housing Wire

JANUARY 19, 2022

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes.

Inspection 414

Inspection Principal Loans Renovation 414

Housing Wire

SEPTEMBER 24, 2021

The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. 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 Investor 358

Housing Wire

MARCH 3, 2021

The programs include MAXEX Sustainable, which allows borrowers to finance green energy renovations into their 30-year fixed mortgage, and allows for residential solar panels and geothermal units to be amortized in the loan at the point of purchase or refinance. Both programs are offered for loan values from $400,000 to $3 million.

Loans 432

Loans Banks Residential Finance 432

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. First, we need to standardize and digitize the regulatory infrastructure the entire industry relies upon. As the U.S.

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Renovation Industrial Development Land 399

Housing Wire

MAY 12, 2021

The real estate industry is in a serious time crunch to get new housing stock together. I talked to a lot of industry professionals along the way and no one could explain the roadblocks to me. Construction has traditionally been slow to pick up new technology compared to other industries. Creating transparency.

Construction 450

Construction Technology Inspection Industrial 450

McKissock

FEBRUARY 16, 2021

Why might you be engaged to appraise a single or multi-tenant industrial or flex style office building? What information do you need when appraising industrial and flex buildings ? There are any number of reasons why you would be engaged to appraise an industrial or flex style property. Reasons for engagement.

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Industrial Purchase and sale agreement Construction Bankruptcy 96

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. Real estate is a people-oriented industry, and practically everyone in it knows that. How to Locate a Reputable Private Money Lender.

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Purchase and sale agreement Investor Hard money loan Lending 382

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investor 343

Investor Finance Loans Renovation 343

Housing Wire

APRIL 14, 2023

population — own more than $30 trillion in residential, commercial, industrial and agricultural property. Minorities in real estate We need more people of color in the real estate industry who can shape where we live, work, socialize, shop and worship. And these legacies of racism persist. Real estate isn’t simply a business.

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Commercial Land Development Industrial 321

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes.

Equity 380

Equity Fixed-rate mortgage Principal Loans 380

HomeLight

AUGUST 31, 2022

To help you examine your equity’s potential to enhance your financial situation, we’ve asked industry experts to explain the options. You can use that money for anything — debt consolidation, tuition, home renovation, a dream vacation, etc. How Much Is Your Home Worth Now?

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Equity Finance Loans Closing costs 100

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes.

Equity 374

Equity Fixed-rate mortgage Principal Mortgages 374

Propmodo

APRIL 6, 2023

But recently, women have made strides in growing their presence in the industry, and a recent occurrence at Walker & Dunlop serves as evidence of progress. The commercial real estate finance and advisory firm created its first all-women leadership team. Men have always dominated commercial real estate.

Lending 40

Lending Industrial Commercial Renovation 40

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. In 2023, the landscape for home flipping across the U.S.

Investor 428

Investor Marketing Construction Loans 428

Housing Wire

JANUARY 20, 2023

But while FHA, Fannie and Freddie combined are responsible for over two-thirds of all new home loans nationwide, they financed only three (FHA) personal property manufactured homes last year. Many are in need of significant repairs but are owned by mom-and-pop operators without the capital necessary to carry out critically needed renovations.

Land lease 346

Land lease Renovation Land Loans 346

Housing Wire

SEPTEMBER 19, 2023

Appraisals are required for homes financed with any type of mortgage. This includes foreclosed properties, flipped properties, distressed properties, commercial properties and industrial properties. Why are appraisals important? Getting approved for a mortgage depends largely on the outcome of an appraisal.

Agents 436

Agents Inspection Sales Commercial 436

Marco Santarelli

MAY 25, 2024

This is a solid financial position to be in, providing homeowners with a valuable buffer and the ability to access the cash stored in their home for things like renovations, repairs, or even starting a business. This means that the homeowner owes less than half the estimated market value of their home. equity-rich) continue to lead the pack.

Equity 93

Equity Marketing Renovation Mortgages 93

Housing Wire

FEBRUARY 8, 2022

Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime. But any risks appear to have been resolved.

Loans 363

Loans Principal Mortgages Industrial 363

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc. “The largest, undisrupted market in the U.S.,”

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Marketing Investor Sales Renovation 396

Housing Wire

OCTOBER 3, 2023

Our overall residential traffic for all our sites is now at 160 million unique visitors a month, so we are clearly attracting a lot of folks to our sites and creating a lot of value for the agents.

Residential 354

Residential Commercial Agents Industrial 354

Housing Wire

MAY 20, 2022

COVID changed the real estate industry in a big way since it provided many people with an opportunity to work remotely and live almost anywhere. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations.

Short sale 372

Short sale Investor Banks Agents 372

Housing Wire

APRIL 9, 2021

Using another new tool, called “Raveis Refresh,” WRRE prepares the home for sale by making any necessary upgrades and renovations to maximize the home’s value and ensure that it sells above market average and quickly. Its agents are tasked with marketing and selling the home, using their local expertise, Raveis said. .”

Equity 400

Equity Brokerage Mortgages Title 400

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. On average, the industry added 16,000 jobs per month in the second quarter of the year, after employment was essentially flat in the first quarter.

Marketing 279

Marketing Residential Construction Commercial 279

Housing Wire

MAY 17, 2022

Gordon already possessed a vast knowledge of the workings of the Federal Housing Administration , a complex agency within HUD, and the government’s premier mortgage financing product serving first-time homebuyers and borrowers of color. “I Industry wishlist. President Joe Biden clearly agreed.

FHA loan 312

FHA loan Banks Industrial Mortgages 312

The Close

MAY 24, 2024

Realtor Safety Month is an annual event in September created by the NAR in 2003 to educate Realtors and reduce incidents within the industry. Real estate agents deal with sensitive information regarding people’s finances, contracts, and legal matters. The REALTOR Safety Program logo (Source: NAR ) What Is Realtor Safety Month?

Agents 96

Agents Construction Commercial Due diligence 96

GeekEstate

MARCH 1, 2023

F inalists are divided into three categories (Construction & Design, Finance, and Policy & Regulatory Reform) and have demonstrated innovative, achievable, and scalable solutions to the housing affordability crisis. Diamond Age: Builds 3D printing and advanced industrial-scale robotics that construct houses.

Construction 113

Construction Finance Development Technology 113

Realty Biz

SEPTEMBER 7, 2021

Mortgage financing and rental loan provider LendingHome is rebranding itself as “Kiavi” as it looks to expand into providing lending options for real estate investors. The company said the name Kiavi is derived from the Italian word “chiave”, which means “key” in English. Established in 2013, LendingHome has funded more than $7.8

Investor 88

Investor Loans Renovation Finance 88

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Pre-qualification 275

Pre-qualification Agents Loan Officer Technology 275

Realty Biz

DECEMBER 19, 2023

There are specific benefits to selling a home for cash in Milwaukee, such as faster transactions and avoiding complexities of financing. Factors driving cash home buying in Milwaukee include the rise of real estate investment companies, the desire for quick sales, and the appeal of renovation opportunities.

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Purchase and sale agreement Finance Inspection Renovation 84