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Dominion Financial adds Dustin Wells to head up wholesale division

Housing Wire

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena.

Lending 344
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Dominion Financial launches third-party origination program for investment properties

Housing Wire

Dominion said it offers multiple DSCR options for investors, along with short-term fix-and-flip financing, ground-up construction financing and bridge loans for multifamily properties. Wade Susini, chief lending officer at Dominion Financial Services, told HousingWire in an email response that while inventory levels remain low across the U.S.,

Investing 347
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Comparing this housing market recession to 2008

Housing Wire

The housing market of 2002-2005 had four years of sales growth facilitated by credit. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. This is significantly different than the period from 2002-2005 when credit expansion was booming. Home sales. Housing credit.

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

I have said for many years that we wouldn’t see total housing construction start a year at 1.5 2020 is looking great on that front for the new home sales market and housing starts, which need more new home sales to warrant more single-family construction. It is not out of the question that we can get to 6.2 Context is key!

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New home sales are at risk with rising mortgage rates ?

Housing Wire

As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. Could you imagine this housing market if we eased lending standards? I would be protesting in front of Congress and speaking at congressional hearings if lending standards were reduced. When supply is 4.4

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Exclusive: CrossCountry Mortgage CEO Ron Leonhardt talks AmCap acquisition, future targets

Housing Wire

AmCap, founded in 2002, is a much smaller lender. The AmCap deal helps CCM to have “instant penetration” in Texas, which is “one of the best opportunities” for the company because “it’s one of the largest states, where construction is robust,” Leonhardt said. billion in loans in 2023.

Retail 378
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Practical Tips for Working With AMCs

Appraisal Today

Mortgage Lending You decide. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending. Living on the edge means constructing places in the most challenging locations, and, in many cases, in the middle of unspoiled nature.” Do not use lender forms. Type of report. Use of appraisal.