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. billion in volume in 2020.

Renovations 356

Renovations Home Improvement Marketing Finance 356

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 367

Finance Lending Retail Renovations 367

Housing Wire

NOVEMBER 26, 2024

To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. This is according to housing experts Jonathan and Drew Scott in a conversation with Yahoo Finance.

Renovations 293

Renovations Modernization Technology Tools 293

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

Renovations 336

Renovations Buyers Development Design 336

Appraisal Buzz

DECEMBER 4, 2024

Average project costs also climbed, reflecting not only inflation in raw materials and labor, but also a shift toward professionally completed renovations. Kitchen renovations topped the list of most expensive projects, averaging close to $43,000. Click here for more on NerdWallet’s look at home renovation trends.

Home Improvement 397

Home Improvement Renovations Finance Housing Market 397

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. People are calling it the Great Renovation. The big thing is the carrying cost that a lot of [smaller] investors don’t realize. “If

Finance 343

Finance Marketing Renovations Investors 343

Housing Wire

APRIL 20, 2021

After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

Renovations 468

Renovations Real Estate Agent Construction Buyers 468

Housing Wire

SEPTEMBER 11, 2024

This is according to an article published by Kiplinger , which took a closer look at the dynamics associated with the cost of living, and the kinds of renovations needed needed to facilitate aging in place versus another arrangement. But renovations can also be grander. Financing these improvements can be an obstacle too.

Business 404

Business Renovations Finance Clients 404

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 280

Finance Renovations Investors Retail 280

Housing Wire

FEBRUARY 3, 2023

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. Additionally, 65% of the total respondents are currently planning or have plans to renovate their homes within the next two years.

Supply Chain 367

Supply Chain Renovations Finance Lending 367

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Government 529

Government Finance Renovations Design 529

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 24, 2024

But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. And a state property tax relief program recently raised its maximum income threshold to allow more Puget Sound-area seniors to qualify.

Renovations 298

Renovations Property Taxes Supply Chain Law 298

Appraisal Buzz

AUGUST 5, 2021

Freddie Mae has announced a new single-close mortgage product that will allow homeowners to finance the cost of small scale renovations. The CHOICEReno eXPress will allow homebuyers to make cosmetic renovations , such as replacing windows and doors, roof repairs, minor remodeling and interior or exterior painting.

Renovations 370

Renovations Finance Appraisal Mortgage 370

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Mortgage 309

Mortgage Renovations Property Taxes Finance 309

Housing Wire

AUGUST 27, 2024

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. Department of Housing and Urban Development (HUD).

Renovations 376

Renovations Modernization Insurance Finance 376

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

Construction 411

Construction Development Finance Lending 411

Appraisal Buzz

JUNE 14, 2024

Strategic Solutions for Today’s Homebuyers New construction financing and meeting the demand for new homes: According to the National Association of Home Builders (NAHB), in March, 33% of all home sales were new construction financing. This represents a competitive challenge for buyers relying on financing.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Then, we have all the traditional financing options, including jumbo.”

Mortgage 491

Mortgage Real Estate Agent Renovations Finance 491

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The renovations would be on a budget, however. Each state’s housing finance agency would administer the tax credits, which would be allocated by population.

Renovations 516

Renovations Development Investors Legal 516

Housing Wire

MARCH 2, 2021

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. More for Real Estate Enthusiasts. 5 reasons to refinance your mortgage right now. Here’s how to get an instant offer on your home. Make Sure You Clean The House.

Decorating 514

Decorating Renovations Buyers Sellers 514

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.

Construction 530

Construction Renovations Insurance Landlords 530

Housing Wire

OCTOBER 5, 2023

These levels and their updates to 95% also apply equally to requirements for the standard, HomeReady and HomeStyle Renovation programs. Fannie Mae’s maximum LTV ratio for a single-unit home with a fixed-rate mortgage remains unchanged at 97%.

Renovations 476

Renovations Mortgage Finance Marketing 476

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).

Renovations 287

Renovations Inspection Finance Insurance 287

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 435

Investing Renovations Construction Development 435

Housing Wire

OCTOBER 24, 2024

Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. When this happens, Sandoval works with the owner to provide a graceful exit. I give them everything.

Retail 428

Retail Buyers Renovations Finance 428

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.

Property Taxes 306

Property Taxes Renovations Finance Lending 306

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 373

Investing Legal Lending Landlords 373

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 398

Inventory Renovations Supply Chain Buyers 398

Housing Wire

SEPTEMBER 9, 2024

Presale renovation firm Revive has made its artificial intelligence -powered property valuation tool available to everyone, according to an announcement on Thursday. The tool provides homeowners with actionable reports, allowing them to make informed renovation and selling decisions.

Valuation 375

Valuation Tools Renovations Real Estate Agent 375

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.

Renovations 321

Renovations Finance Insurance Transportation 321

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We billion AUD, or roughly $1.2 billion USD.

Mortgage 388

Mortgage Finance Renovations Modernization 388

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. Both programs are offered for loan values from $400,000 to $3 million.

Home Improvement 467

Home Improvement Renovations Finance Lending 467

Housing Wire

DECEMBER 21, 2023

My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. Who is eligible?

Mortgage 460

Mortgage Renovations Appraisal Process Finance 460

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. billion single-family and multifamily loans nationwide.

Finance 380

Finance Renovations Real Estate Investors 380

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Law 360

Law Finance Property Taxes Renovations 360

Housing Wire

FEBRUARY 12, 2024

During an Association of Independent Mortgage Experts conference in October 2023, AFR executive vice president Christopher Guerin said that the company had doubled its efforts to do more renovation loans. “We focus more on manufactured home financing and new-construction home financing instead of maybe fighting against some of those headwinds (..)

Lending 355

Lending Renovations Construction Finance 355