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Movement Mortgage names Joe Thompson as regional director

Housing Wire

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 448
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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

Pieklo spent 14 years at the lender before leaving in 2018. It also has a niche in construction and manufactured home loan programs. Corey Dubnoff, who founded AFR in 1997, will remain as chief administrative officer, and Tim Yanoti will stay on as chief financial officer.

Lending 457
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These markets are attracting the most out-of-state real estate investors

Housing Wire

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The 30% of purchases going to out-of-state buyers in Allen County so far in 2020 is up from 21% in 2019 and 11% in 2018. That was up from 20 percent in 2019 and 50 percent in 2018.

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Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

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.

Investing 476
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Opinion: Investors play key role in providing affordable housing options

Housing Wire

RentCafe reported the average size of an apartment in the United States in 2018 to be 941 square feet. A study from Freddie Mac reported that, as of 2018, 51% of homes in the U.S. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers.

Investors 435
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Manufactured homes are appreciating faster than site-built homes

Housing Wire

increased by 58.34% between 2018 and 2023. In September, HUD announced updates to its manufactured housing construction and safety standards. In June, HUD announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured home communities under an FHA-sponsored loan program.

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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.