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. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. Blackstone Group will retain a 70% ownership stake in the lender-and-servicer.

Finance 389

Finance Renovations Investors Retail 389

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. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 370

Finance Lending Retail Renovations 370

Housing Wire

NOVEMBER 21, 2024

“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement. However, for most first-time homebuyers, mortgage financing is critically important. While mortgage rates remain elevated, they are expected to stabilize.”

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. How is Finance of America approaching what could be a difficult year for originators? Patti Cook : Finance of America was built purposefully different.

Finance 397

Finance Development Business Tools 397

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

Renovations 447

Renovations Home Improvement Marketing Finance 447

Housing Wire

JANUARY 9, 2025

This finding likely stems from an increase in renovation costs over the past three years, forcing some buyers to pursue costly financing sources to improve their homes. A study by online home improvement platform Houzz highlighted a 60% increase in renovation expenses between 2020 and 2023. Another 37.8%

Buyers 418

Buyers Renovations Housing Market Home Improvement 418

Appraisal Buzz

NOVEMBER 15, 2024

In addition to managing debt, many younger homeowners are using home equity instruments to finance improvements and enhance their long-term financial plans. Homeowners of all generations are utilizing HE Loans or HELOCs to take advantage of their increasing equity as home values continue to climb. “By

Renovations 370

Renovations Lending Investing Home Improvement 370

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 448

Business Investors Finance Home Improvement 448

Housing Wire

SEPTEMBER 24, 2024

Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Macintosh most recently served as president of the home improvement division at Finance of America.

Investing 434

Investing Home Improvement Finance Business 434

Housing Wire

SEPTEMBER 23, 2020

Of these workers, three in five said they’d prefer to work from home when restrictions are lifted. There’s a mainstay in mortgage finance poised to help in working from home. It allows for actual home improvements to complement contemporary lifestyles. Homeowners are serious about dedicating room for work.

Renovations 544

Renovations Insurance Home Improvement Design 544

Housing Wire

SEPTEMBER 29, 2022

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . year-over-year, according to Inside Mortgage Finance. The company ranked no. 33 among the top U.S.

Retail 459

Retail Finance Business Home Improvement 459

Housing Wire

OCTOBER 7, 2022

Guaranteed Rate this week walked away from negotiations to acquire Finance of America ’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. year-over-year, according to Inside Mortgage Finance. The company ranked no. 33 among the top U.S.

Retail 418

Retail Finance Home Improvement Mortgage 418

Housing Wire

JULY 16, 2024

In February, Curbio joined the program, offering pre-sale home improvement services and financing. Tenants can use the app to pay rent, generate reports for credit agencies and submit maintenance requests. NAR has been busy adding partners this year to its Realtor Benefits Program.

Landlords 432

Landlords Tenants Real Estate Agent Property Management 432

Housing Wire

AUGUST 6, 2024

Most older adults do live in single family homes. Most single family homes have more than one bedroom.” In 2018, Finance of America (FOA) entered into a partnership with senior homesharing platform Silvernest , which occurred in conjunction with a rebranding initiative to address housing and cohabitation needs for seniors.

Finance 459

Finance Home Improvement Mortgage Marketing 459

Housing Wire

JUNE 22, 2023

The Loan Store’s HELOC product is a standalone, fixed-rate line of credit that allows borrowers to tap into the equity of their homes, with credit lines ranging from $25,000 to $400,000. These funds can be utilized to consolidate debts or finance home improvement projects. The Loan Store, Inc.

Finance 370

Finance Home Improvement Lending Valuation 370

Housing Wire

JUNE 13, 2022

Multichannel lender Finance of America (FoA) Monday announced Patti Cook will step down from her role as chief executive officer June 30, in anticipation of her retirement due to an existing medical condition. . According to Inside Mortgage Finance, Cook is leaving the leadership team of the 32nd largest mortgage lender in the U.S.

Finance 370

Finance Home Improvement Mortgage Lending 370

Housing Wire

APRIL 21, 2022

Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.

Lending 435

Lending Legal Law Development 435

Housing Wire

AUGUST 2, 2022

Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. Amid changes to the nonbank lender’s C-Suite and business lines, veteran mortgage executive Bill Dallas left his position as president of Finance of America Mortgage in March. .

Marketing 397

Marketing Human Resources Finance Business 397

Housing Wire

OCTOBER 28, 2021

If lenders do not offer this product, these clients will find financing elsewhere. That being said, being a resource for all real estate financing needs for your customers will become more important in the next few years than ever before.

Lending 364

Lending Real Estate Finance Real Estate Agent 364

Housing Wire

NOVEMBER 4, 2024

Now that I have successfully closed, the fun part begins — fun, that is, if you like packing and unpacking boxes and home improvement projects. If you’re in the area, feel free to stop by with a paintbrush!

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

APRIL 13, 2023

“Remodelers are generally optimistic about the home improvement market, although some are noting negative effects of material shortages and higher inter e st rates ,” Alan Archuleta, NAHB Remodelers Chair, said in a statement. Customers are still undertaking larger projects, but are mostly paying cash rather than financing them.”

Marketing 370

Marketing Home Improvement Finance Housing Market 370

Housing Wire

MAY 22, 2024

“The demand for inconspicuous safety bars, lower sinks, residential elevators and other amenities has given home improvement chains, contractors, designers and architects a noticeable lift.” The Home Depot is refreshing an in-house brand with accessibility in mind for things like grab bars and easier-to-use faucets.

Renovations 459

Renovations Design Home Improvement Advertising 459

Housing Wire

JUNE 20, 2024

The 2017 law also made interest from home equity loans non-deductible except for when the money is applied to home improvements or renovations. The eligible deduction was lowered from total mortgage balances of $1 million under prior law to $750,000.

Mortgage 497

Mortgage Bracketing Law Property Taxes 497

Housing Wire

AUGUST 5, 2022

Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Cash-out refinance not a viable option.

Lending 448

Lending Home Improvement Home Value Mortgage 448

Appraisal Buzz

MAY 10, 2021

The lending and services platform Finance of America has introduced a home improvement financing product offered to consumers through approved contractors. The post New Service is Designed to Help Homeowners Renovate appeared first on DSNews.

Renovations 195

Renovations Design Home Improvement Finance 195

Housing Wire

JUNE 1, 2022

Finance of America Home Improvement. Director of Product Management. Director Of Business Development. Meg Parker Young. Vice President. Fannie Mae. Meghan Hannon. Senior Director, Product. EVP, Partnerships. Morgan Salama. Head of growth and partnerships at Realogy Title Group. Realogy Title Group. Nadia Evangelou.

Architecture 397

Architecture Realty Insurance Lending 397

Appraisal Buzz

AUGUST 15, 2024

This is a good option for customers wanting to consolidate high-interest debt or finance home improvements. Preventive Financial Care of the Annual Home Equity Check-Up This last one is more of a recommendation than a product you can offer.

Loan Officers 407

Loan Officers Clients Home Improvement Insurance 407

Housing Wire

OCTOBER 26, 2020

Servicers can use real-time borrower data to offer money-saving refinances, home improvement loans, and new home search options to keep borrowers off real estate portals that lure customers away. The post Sagent technology puts servicers in the driver’s seat appeared first on HousingWire.

Technology 413

Technology Investors Modernization Home Improvement 413

Housing Wire

JANUARY 19, 2024

million investment Patriot will make, subject to court approval, At least $1.3

Loan Officers 481

Loan Officers Lending Advertising Home Improvement 481

Housing Wire

MARCH 23, 2022

Both programs can also be used as a home financing solution that allows older clients to purchase a new home that will better fit their lifestyle. Clients, lenders, and financial advisors are just scratching the surface about how to use them strategically with home equity serving as an increasingly critical retirement asset.

Mortgage 397

Mortgage Clients Business Training 397

Housing Wire

AUGUST 25, 2022

“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). Home prices have remained stubbornly high , and there’s tens of billions of dollars in homes for sale beyond the conventional loan limits set by Fannie Mae and Freddie Mac.

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Housing Wire

AUGUST 21, 2023

5000 list an impressive five times: Total Expert , which offers CRM and data-driven customer engagement solutions, turning customer insights into actions to increase loyalty and drive growth; and FirstClose , a tech solution provider for HELOC and home equity lenders. Other established names to make the Inc. 4,105 FirstCloseFirstclose.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

AUGUST 14, 2023

Real estate professionals can educate clients on the prospect of leveraging the equity they have in their current home to consolidate consumer debt through home equity based products like HELOCs, home equity loans or other home equity based products, that tend to have better terms than other forms of debt.

Real Estate Agent 369

Real Estate Agent Real Estate Clients Agents 369

Housing Wire

APRIL 14, 2022

The whole industry is going to struggle with the transition from refi to a purchase market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. billion volume in 2021, up 33.7% year over year.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

DECEMBER 12, 2024

My focus has always been on those who dont have a lot of equity in their homes and are looking for different opportunities for financing home improvements, modifications, or other things like that, she said. as they seem focused on people with high-cost homes and significant equity.

Mortgage 370

Mortgage Construction Home Improvement Government 370

Appraisal Buzz

MAY 1, 2024

The survey asked consumers a series of questions about their knowledge of home equity loans and home equity lines of credit and on their willingness to use these products for different applications, such as consolidating debt, home improvement and to pay for major life events.

Renovations 195

Renovations Home Improvement Finance Appraisal 195

Housing Wire

OCTOBER 19, 2023

” The client wanted to pay off $30,000 in consumer debt, handle home improvement projects and help her daughter start college, said Anderson, a longtime mortgage advisor in Southern California. You’re probably thinking, “Uh, why on earth would she do that?” mortgage rate at the end of August.

Mortgage 497

Mortgage Clients Lending Home Improvement 497