Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development.

Construction 531

Construction Renovations Insurance Landlords 531

Housing Wire

AUGUST 27, 2024

Department of Housing and Urban Development (HUD). The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. The “standard” option is for substantial repairs, while the “limited” option is for more minor repairs or renovations.

Renovations 379

Renovations Modernization Insurance Finance 379

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.

Investing 438

Investing Renovations Construction Development 438

Housing Wire

AUGUST 29, 2024

To ensure affordable housing for all by 2050, innovative approaches to urban planning, financing, and policy must be explored. At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022.

Renovations 410

Renovations Development Transportation Construction 410

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Investing 376

Investing Legal Lending Landlords 376

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. The president called for the Federal Housing Finance Agency (FHFA) to apply protections for renters of multifamily units financed by loans acquired by the agency. Also on Tuesday, the U.S.

Landlords 482

Landlords Construction Land Management Tenants 482

Appraisal Buzz

NOVEMBER 18, 2024

New owners used their cost savings to renovate and undercut our rent rates. This is a hangover from the favorable financing conditions of 2021/2022. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. But the tide turned quickly.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

JULY 5, 2022

Specialty finance company Redwood Trust Inc. CoreVest provides financing to real estate investors across the country and as of late June boasted more than $15 billion in loans closed and some 125,000 units financed, according to the lender. It also serves professional developers of multifamily properties.

Finance 382

Finance Renovations Real Estate Investors 382

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.”

Inventory 401

Inventory Renovations Supply Chain Buyers 401

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. decline from 2022, according to Inside Mortgage Finance.

Retail 386

Retail Lending Renovations Construction 386

Housing Wire

MARCH 14, 2024

Change is a community development financial institution (CDFI) that is certified by the U.S. Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options. “We are excited to expand our impact and better serve our target market borrowers.”

Lending 373

Lending Renovations Legal Real Estate 373

Housing Wire

SEPTEMBER 9, 2024

This acquisition furthers our long-term plan of developing a full-service commission-free homebuying and financing technology platform powered by our proprietary AI technology and dedicated professionals,” Brent Miller, chief financial officer of reAlpha, said in a prepared statement.

Brokerage 362

Brokerage Mortgage Real Estate Renovations 362

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

Lending 358

Lending Renovations Construction Finance 358

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. Department of Housing and Urban Development (HUD) in August 2022.

Renovations 328

Renovations Buyers Development Insurance 328

Housing Wire

NOVEMBER 10, 2020

Several state-level real estate initiatives and urban development policies were voted on in the Nov. The passing of Referendum A exempts Habitat for Humanity and similar charities in Georgia from paying taxes on parcels under development if the purchasers receive interest-free loans. Louisiana : Amendment 6 passes.

Real Estate 445

Real Estate Property Taxes Development Renovations 445

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. FHA financed about 34% of the $15.2 FHA’s loan limit is $69,678 for chattel financing.

Renovations 324

Renovations Finance Insurance Transportation 324

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. Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions.

Renovations 433

Renovations Law Development Real Estate 433

Housing Wire

JULY 23, 2021

Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. Through these loans, developers and investors are able to bring new stock to the market that may have been previously overlooked or passed up. We’re very excited to enter the fix’n’flip space.

Housing Market 459

Housing Market Marketing Inventory Lending 459

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. Developing a relationship with a potential private money lender is a two-way street. How to Locate a Reputable Private Money Lender.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency. Bringing more services under one roof.

Construction 482

Construction Logistics Technology Real Estate 482

Housing Wire

JANUARY 4, 2024

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. Over the past couple of years, the U.S. Reverse mortgage companies have also invested in their own home modification programs.

Renovations 336

Renovations Investing Finance Design 336

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 384

Tools Mortgage Finance Lending 384

Appraisal Buzz

OCTOBER 29, 2024

The Asian Americans for Equality (AAFE) community development organization also supports ADU renovations through its Landlord Repair Fund, helping to bring non-compliant ADUs up to code and ensure safety for residents. These apartments provide affordable housing options in high-density areas where space is limited.

Renovations 221

Renovations Construction Development Landlords 221

Housing Wire

JULY 14, 2022

The role of renovators. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. A deeper dive into the data helps to explain this surprising result. I buy local. But what about the foreclosed properties that don’t end up in the hands of owner-occupants?

Renovations 324

Renovations Investors Retail Buyers 324

Housing Wire

SEPTEMBER 13, 2023

These include Habitat for Humanity Seattle-King & Kittitas Counties serving the Puget Sound region; the African Community Housing & Development (ACHD) and Homestead Community Land Trust both serving King County, Wash., the Douglass Community Land Trust in Washington, D.C. and The Housing Fund serving Nashville.

Renovations 367

Renovations Investing Retail Design 367

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). Meetings will be conducted regularly via conference call.

Lending 270

Lending Renovations Real Estate Finance 270

Housing Wire

AUGUST 1, 2022

The lender’s HELOC product is the first offering of its mello business unit, which was created in March that focuses on developing mortgage-adjacent lending products and services. . Data from Inside Mortgage Finance again confirms Rocket as the largest mortgage lender in the U.S. New Residential Investment Corp.

Renovations 392

Renovations Lending Mortgage Investing 392

Housing Wire

MARCH 28, 2022

With that said, with tight margins of around 5% , time is short, meaning human value creation (renovations big or small) are usually foregone in favor of an algorithmically determined window dictating when to buy or flip. To de-risk transactions, tailored add-ons are important. Andy Bodrog is Partnerships Director, Property at Cover Genius.

Real Estate 379

Real Estate Marketing Insurance Technology 379

Housing Wire

OCTOBER 1, 2024

But many older Americans end up developing certain health complications. There is also information to suggest that homebuilders are increasingly ready and able to explore the big business potential for those seeking to renovate their homes and better accommodate their changes to mobility, vision and hearing.

Renovations 395

Renovations Legal Law Tools 395

Appraisal Buzz

OCTOBER 14, 2024

However, manual reviews of appraisals, property condition, renovation estimates, and more do not scale efficiently. The crucial role of appraisers In the residential financing industry, appraisers are lending’s unsung heroes, providing the human power to assure that banking institutions do not falter.

Valuation 368

Valuation Technology Renovations Appraisal 368

Appraisal Buzz

OCTOBER 23, 2024

According to the survey’s findings, more local community developers who buy at auction see the state of the market as a disadvantage rather than an advantage. This buyer’s viewpoint was in line with 55% of buyers who said that greater acquisition costs (finance or pricing) made them less inclined to purchase at auction.

Retail 370

Retail Marketing Inventory Development 370

Housing Wire

APRIL 14, 2023

The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Who decides what our neighborhoods look like? And who profits from these projects?

Real Estate 335

Real Estate Law Business Real Estate Agent 335

Appraisal Buzz

MAY 10, 2024

Homeowner balance sheets continue to benefit in a huge way from the boom times in the form of elevated equity that can be used to help finance all kinds of things, from home renovations to business startups,” says Rob Barber, CEO for ATTOM, in the report.

Market Value 195

Market Value Renovations Finance Development 195

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The home, designed by Lloyd Wright for real estate developer Joseph Jacob (JJ) Walser Jr.,

Mortgage 320

Mortgage Design Architecture Market Value 320

Appraisal Buzz

OCTOBER 24, 2024

Department of Housing & Urban Development (HUD) has appointed 11 new members to its Housing Counseling Federal Advisory Committee. Sherri Eckles , who was appointed last year and serves as SVP of the Renovation and Construction Lending Programs at Norcom Mortgage, will also continue to serve on the Committee.

Real Estate 221

Real Estate Renovations Development Construction 221

Appraisal Buzz

JUNE 3, 2024

Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. As developers deliver units, they will be motivated to fill up their buildings, even if it means cutting rents in order to do so.

Investors 195

Investors Marketing Renovations Real Estate 195

Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Complexity in Process and Properties.

Appraisal 281

Appraisal Modernization Appraisal Process Technology 281