Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 370

Finance Lending Mortgages Renovation 370

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. The lender also brought over 45 former retail branches from Finance of America Companies Inc. FoA) months after it shut down its forward mortgage segment.

Mortgages 371

Mortgages Lending Finance Loans 371

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. A year ago for us, fix and flip [loan interest] was probably 6.5%, but today, you’re probably getting between 10% and 12%,” Lind said.

Finance 365

Finance Marketing Lending Investor 365

Housing Wire

JUNE 8, 2021

Regions, a retail lender with a footprint of over 1,300 physical offices, has dipped into specialty finance sectors before. In 2020 it acquired equipment finance lender Ascentium Capital and a year prior picked up institutional investment firm Highland Associates. “We in 2021 to $433 billion.

Banks 362

Banks Renovation Marketing Lending 362

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late January. The lender increased originations by 70% to $32.63

Finance 280

Finance Closing Investor Mortgages 280

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The lender originated $6.5

Mortgages 393

Mortgages Lending Loan Officer Loans 393

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity.

Renovation 274

Renovation Equity Mortgages Design 274

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 376

Renovation Fixed-rate mortgage Equity Finance 376

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. Long was most recently the executive regional manager for Union Home Mortgage before joining Planet. decline from 2022, according to Inside Mortgage Finance.

Lending 387

Lending Loans Renovation Mortgages 387

Housing Wire

FEBRUARY 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

Lending 358

Lending New Construction Construction Finance 358

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. The impact of PACE financing also disproportionately impacts borrowers of color, the report said.

Loans 331

Loans Lending Finance Renovation 331

Bigger Pockets

OCTOBER 25, 2023

You can add renovation costs to a conventional mortgage, but only when you’re using a conventional cash-out refinance. If you’re doing a cash-out refinance on an existing home, you can […]

Renovation 109

Renovation Mortgages Finance 109

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). Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options. billion in 2022 production volume, per Scotsman Guide.

Lending 376

Lending Banks Loans Renovation 376

Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. Shamrock’s team originated about $300 million so far this year, per the mortgage platform Modex. That’s not the first addition to CMG this year.

Loan Officer 374

Loan Officer Lending Loans Finance 374

Housing Wire

JULY 31, 2023

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations.

Loans 333

Loans Finance Residential Renovation 333

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 327

FHA loan Renovation Equity Loans 327

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. Another area of focus for the administration is improving its financing for manufactured housing.

Title 345

Title Land Finance Renovation 345

Point2Homes

FEBRUARY 3, 2021

Having spent a lot more time at home than usual throughout 2020, it’s perhaps only natural that interest in home improvements and renovations rocketed. However you plan to renovate your home in 2021, you’ll need a way to pay for it. As a result, it’s a better choice for financing major renovations and repairs on your home.

Renovation 98

Renovation Finance Equity Closing costs 98

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 340

Equity Renovation Lending Finance 340

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

VA loan 383

VA loan Mortgages Land Loans 383

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. In high-cost areas, however, it can go up to $75,000.

Inspection 431

Inspection Finance Renovation Loans 431

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). rebranded as Rithm Capital ).

Equity 305

Equity Lending Finance Loans 305

Housing Wire

JANUARY 5, 2024

Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices. Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices.

Fixed-rate mortgage 431

Fixed-rate mortgage Agents Marketing Lending 431

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 430

Renovation Construction Development Finance 430

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.

Renovation 356

Renovation Development Rent back Principal 356

Housing Wire

DECEMBER 14, 2023

The government sponsored entities is part of its Equitable Housing Finance Plans , which are required by their regulator Federal Housing Finance Agency (FHFA). The initial version of the GSE’s Equitable Housing Finance Plans were approved in the summer of 2022 by the FHFA.

Title 367

Title Land Finance Loans 367

Housing Wire

APRIL 20, 2021

“They got their lunch handed to them — it was lose, lose, lose, lose,” said David Snover, the mortgage originator Patrick worked with. After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers.

Renovation 433

Renovation Loans Construction Finance 433

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.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

FEBRUARY 15, 2023

California-based retail lender American Pacific Mortgage (APM) has made leadership changes while continuing to eye expansion in the Midwest and Southeast. We believe these changes position American Pacific Mortgage for continued growth and stability.” FoA) months after it shut down its forward mortgage segment.

Lending 339

Lending Loan Officer Loans Mortgages 339

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73

Loan Officer 359

Loan Officer Marketing Pre-approval Fixed-rate mortgage 359

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. Consider this: The average rate on a 30-year fixed mortgage remains above 7%, the highest it’s been in more than 20 years. But it’s not all grim news.

Equity 394

Equity Lending Banks Loans 394

Realtor.com

MAY 26, 2021

Getty Images One of the more tangible side effects of the coronavirus pandemic is that, with all the time we’ve clocked at home, many of us are itching to renovate our space—whether that’s with a kitchen remodel , new home office, half-bath , or even more ambitious projects. Some contractors offer financing for homeowners.

Renovation 133

Renovation Finance Equity Loans 133

Housing Wire

AUGUST 2, 2022

The purchase price can’t exceed the Federal Housing Finance Agency ’s conforming loan limits, which top out at $970,800 for 2022. This won’t apply for homes that are being renovated — the department was not immediately available to explain the logic of that choice — manufactured homes, or condominiums.

Finance 369

Finance Renovation Loans Mortgages 369

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. The renovations would be on a budget, however. The agency has already sent both the proposed rules to Congress for review.

Title search 502

Title search Title Renovation Investor 502

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. As part of these programs, JPMorgan will purchase qualifying loans.

Loans 433

Loans Banks Residential Finance 433

HomeLight

MAY 8, 2024

These loans offer a unique financing solution, especially for those who might not qualify for traditional financing due to various reasons, such as a brief project timeline, limited upfront cash, or credit challenges. They are also a common financing solution for investors buying rental properties. What is a hard money loan?

Hard money loan 101

Hard money loan Loans Home sale contingency Finance 101

Housing Wire

MARCH 2, 2021

5 reasons to refinance your mortgage right now. Four renovations to consider before selling your house. If you have the finances to do so, consider making some light renovations before selling your home. Here are a few things you should consider to ensure your home sells fast and you get the best deal!

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Renovation Finance As-is Mortgages 498