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 446

Renovations Home Improvement Marketing Finance 446

Housing Wire

MAY 10, 2021

Lending and services platform Finance of America Inc. announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners can also use it to access financing solutions through their contractor.

Renovations 397

Renovations Finance Home Improvement Lending 397

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 433

Investing Mortgage Lending Loan Officers 433

Housing Wire

AUGUST 5, 2020

According to one broker, Parkside Lending and Stearns Lending are offering a 15-year-fixed rate as low as 1.75% to some mortgage brokers, depending on the relationship. (We For example, the rate is not for cash-out loans for debt consolidation or home improvements. He pointed out that there are restrictions.

Mortgage 528

Mortgage Loan Officers Lending Advertising 528

Housing Wire

SEPTEMBER 23, 2020

It allows for actual home improvements to complement contemporary lifestyles. The post Renovation loans get pandemic boost as homeowners want home offices appeared first on HousingWire. In turn, the program opens access to much-needed renovation capital for borrowers. The rest of this content is for HW+ members.

Renovations 544

Renovations Insurance Home Improvement Design 544

Appraisal Buzz

JULY 1, 2021

And they are increasingly tapping into that equity for home improvements including backyard sanctuaries. The post Omar Jordan: Home Equity Lending Set to Surge as Homeowners Mostly Stay Put appeared first on Appraisal Buzz.

Lending 221

Lending Home Improvement Appraisal 221

Housing Wire

SEPTEMBER 19, 2024

The initial complaint alleged that the bank “engaged in redlining by restricting access to credit and mortgage lending services in majority-Black, Hispanic, and Asian neighborhoods in the New Brunswick, New Jersey area,” adding that the alleged activity persisted from 2018 to 2022.

Lending 445

Lending Advertising Loan Officers Home Improvement 445

Housing Wire

JANUARY 19, 2024

In addition, Patriot Bank is required to have at least two mortgage loan officers to serve majority-Black and Hispanic neighborhoods in the Bank’s service area and employ a director of community lending – responsible for development of lending in communities of color.

Loan Officers 480

Loan Officers Lending Advertising Home Improvement 480

Housing Wire

MARCH 25, 2022

HMDA data revealed sizable dip in refinances last year, while cash-out refis surged and lending to minority borrowers crept upward. Volume of purchase originations, cash-out refinances and even home improvement loans were up from the previous year. The HMDA data also show that minority lending inched upward in 2021.

Mortgage 459

Mortgage Lending Home Improvement Investing 459

Housing Wire

AUGUST 31, 2020

HousingWire spoke to Doug Perry, Citadel’s new managing director of Wholesale and Retail Sales, about his plans for Citadel and the current state of non-QM lending. Doug Perry: I bring decades of experience to the table, having worked for a number of organizations, including Countrywide Home Loans, Indymac Bank and PennyMac.

Lending 397

Lending Retail Housing Market Home Improvement 397

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. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 370

Finance Lending Retail Renovations 370

Housing Wire

SEPTEMBER 16, 2021

The share of firms making a percentage of net revenue from ancillary services, such as relocation services, mortgage lending, title and escrow services, and home improvement services, increased from 39% in 2018 to 42% in 2021. However, with 49% of the firms surveyed being one-office shops, that could be the reason.

Real Estate 444

Real Estate Business Brokerage Open Houses 444

Housing Wire

APRIL 5, 2023

Per the HMDA data, Rocket appears to have edged United Wholesale Mortgage (UWM) in volume because it offers home improvement loans, whereas UWM does not. According to iEmergent’s analysis, Rocket originated $1 billion in home improvement loans in 2022, which proved the difference. billion across 142,258 loans.

Mortgage 370

Mortgage Home Improvement Brokerage Lending 370

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

MARCH 3, 2022

Amid a tough environment for forward mortgage lending, Finance of America is betting on specialty finance & services products – reverse mortgages, investor loans, commercial loans – which are expected to deliver most of the return this year. It also has a home improvement business. billion, up 107%.

Finance 397

Finance Investors Mortgage Home Improvement 397

Housing Wire

SEPTEMBER 29, 2022

If the deal goes through, it would instead focus on other lines of business , such as reverse mortgages, commercial lending and home improvement. FoA, which has struggled mightily this year, appears to be exiting the forward mortgage originations space with the planned restructuring.

Retail 459

Retail Finance Business Home Improvement 459

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

JUNE 1, 2022

Planet Home Lending. VP, Correspondent Lending. Finance of America Home Improvement. Take a look through the list below to see the nominees’ impressive accomplishments. Company Name. Adam O’Daniel. SVP, Marketing. Open Mortgage. Adam Spigelman. SVP, Portfolio Retention Sales. Alex McEvans. Angie Wilen.

Architecture 397

Architecture Realty Insurance Lending 397

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. The cash-out refi market is still tiny relative to purchase lending, but every opportunity to help a client is precious. “It’s

Mortgage 497

Mortgage Clients Lending Home Improvement 497

Housing Wire

OCTOBER 7, 2022

Consequently, 2022 may be the year FoA exits the forward mortgage space entirely to focus on products such as reverse mortgages, commercial lending, and home improvement. Incenter Mortgage Advisors , which provides advisory services for MSR and whole loan trading, would remain part of the family of companies at FoA.

Retail 418

Retail Finance Home Improvement Mortgage 418

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

APRIL 2, 2021

Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. In addition to its lending arms, Finance of America has a servicing arm and a portfolio management business that includes a broker-dealer and a registered investment adviser.

Finance 379

Finance Renovations Investors Retail 379

Housing Wire

MARCH 10, 2023

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

JUNE 13, 2022

The board of directors appointed Graham Fleming, FoA’s president since October 2020, as interim CEO, responsible for the company’s forward, reverse, commercial and home improvement lending segments, as well as lender services.

Finance 370

Finance Home Improvement Mortgage Lending 370

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

MARCH 6, 2024

Although inventory levels remained low, listings increased by modest to significant margins around the First District in recent months, lending increased optimism for sales moving forward. A Minnesota contact said that “consumers quite abruptly stopped spending discretionary income on larger home improvements.”

Mortgage 448

Mortgage Real Estate Inventory Construction 448

Appraisal Buzz

AUGUST 15, 2024

The Power of Reverse Mortgages for Seniors Reverse mortgages can be a great way to help seniors improve the quality of life in their sunset years. With a reverse mortgage, which a customer typically will not qualify for until they are older than 62, a lending institution gives a set monthly amount to their customer that they can live on.

Loan Officers 407

Loan Officers Clients Home Improvement Insurance 407

Housing Wire

AUGUST 2, 2022

Graham Fleming, president since October 2020, has been the interim CEO, responsible for the forward, reverse, commercial and home improvement lending segments, as well as lender services.

Marketing 397

Marketing Human Resources Finance Business 397

Appraisal Buzz

SEPTEMBER 18, 2024

OceanFirst Bank will pay $15 million to settle allegations brought by HUD and the DOJ that it engaged in redlining practices by restricting access to credit and mortgage lending services in majority-Black, Hispanic, and Asian neighborhoods in the New Brunswick, N.J.,

Lending 195

Lending Home Improvement Investing Mortgage 195

Housing Wire

OCTOBER 29, 2021

Customer Retention: When we think of new loans, this comes in a few forms in the current market: the last of the rate/term refis before rates rise, cash-out refis for both home improvement and debt consolidation, and, of course, new purchase loans. More on purchases and cash-out refis in the Engagement section below.

Clients 397

Clients Modernization Home Improvement Technology 397

Housing Wire

DECEMBER 29, 2023

I’m comfortable with lending there because I know I’m very familiar with the area. Larry Steinway , senior vice president of mortgage lending and branch manager of Revolution Mortgage I think if we get rates to come down into the 5% range, that’s going to help quite a bit. I have a lot of connections in Ohio.

Mortgage 476

Mortgage Loan Officers Inventory Business 476

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. Other established names to make the Inc. 4,105 FirstCloseFirstclose. Source: Inc.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

MARCH 23, 2022

Available to clients aged 55 and older (in select states), this product allows eligible homeowners to tap into more of their home equity sooner rather than later with lower upfront costs. The program is available to a wide range of homeowners, with lending limits as high as $4 million*.

Mortgage 397

Mortgage Clients Business Training 397

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. 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

JULY 6, 2023

Clearly, not all these homes can be returned to the market in a cost-effective way, or face other obstacles, such as their location in higher-crime or deteriorating neighborhoods, according to Keith Lind, CEO of Acra Lending. Just because there’s vacant homes in the U.S. through the first quarter of 2024.”

Inventory 488

Inventory Renovations Real Estate Government 488

Appraisal Buzz

APRIL 29, 2024

Of course, the primary source of business for most residential appraisers has traditionally been the lending industry: refinances, HELOCs, and mortgages for the purchase of a home. To that end, the appraisal business is ripe with opportunities to diversify and have revenue streams from multiple sources.

Clients 195

Clients Appraisal Business Lending 195

Cleveland Appraisal Blog

OCTOBER 29, 2021

Once we know how much the home costs to replace, we can extract a percentage of how much the home improvement has depreciated. Let’s say that in this example, the home that sold for $500,000 has a replacement cost of $425,000. If that is the case, the home’s improvements have depreciated approx.

Appraisal 370

Appraisal Development Finance Lending 370