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F2 Finance wants to capitalize on a fragmented fix-and-flip market

Housing Wire

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

Finance 345
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Finance of America unveils hybrid reverse mortgage product

Housing Wire

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The new product, called EquityAvail, funds at closing and requires that the borrower make payments for 10 years but at a reduced amount, Finance of America Reverse said this week.

Finance 393
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FHFA hikes fees for high-balance and second-home loans

Housing Wire

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio.

Loans 516
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How housing credit is shaping housing inventory

Housing Wire

Let’s see how this has played out in different stages of the economy. After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. In practical terms, we no longer have many exotic loan debt structures or the guidelines to allow loose credit.

Staging 443
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Loan origination complaints have spiked during pandemic

Housing Wire

Loan origination-related consumer complaints rose significantly over the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau ’s (CFPB) report published last week. ” The post Loan origination complaints have spiked during pandemic appeared first on HousingWire.

Loans 351
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Finance of America Chief Product Officer: reverse mortgages ‘important’ to diverse product range

Housing Wire

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 328
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CrossCountry in talks to acquire Fairway: sources

Housing Wire

The talks remain ongoing and are not believed to be in the late stages, sources said. According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. nine industry sources told HousingWire.