Housing Wire

JUNE 8, 2021

EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% in 2021 to $433 billion. The space remains dominated by depository banks.

Renovations 447

Renovations Home Improvement Marketing Finance 447

Cleveland Appraisal Blog

MAY 17, 2024

Many homeowners have decided not to sell their homes but to renovate them instead. Planning for a Home Renovation: A Guide When it comes time to renovate your home, there are a few things you should know. This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation.

Renovations 323

Renovations Appraisal Logistics Decorating 323

Housing Wire

FEBRUARY 26, 2021

Try one of these renovations: More for Real Estate Enthusiasts. Four renovations to consider before selling your house. If you’re not up to funding any major renovations at the moment, there are smaller changes you can make to reduce your risk in the event of a natural disaster. Finally, double-check your insurance policy.

Renovations 394

Renovations Design Real Estate Insurance 394

Housing Wire

JANUARY 22, 2025

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. Poplar co-founder Chuck Hattemer will also join Evernest to guide integration and growth initiatives. It combines its platform with local teams to carry out these services.

Property Management 395

Property Management Local Properties Renovations Investing 395

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

Insurance 418

Insurance Renovations Real Estate Law 418

Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. Census Bureau.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Housing Wire

FEBRUARY 20, 2025

“For a consumer who wants to do a home renovation , a consumer who wants to consolidate debts, or a consumer who wants to take cash out to pay for tuition for their kids, our product serves all of those use cases.” ” How is it so fast?

Business 302

Business Renovations Investors Market Value 302

Housing Wire

AUGUST 27, 2024

The Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated into updates for the FHA Connection (FHAC) portal. Department of Housing and Urban Development (HUD). The 203(k) offering has two separate programs.

Renovations 448

Renovations Modernization Insurance Finance 448

Appraisal Buzz

JANUARY 9, 2025

It will also provide incentives for energy efficiency and green building standards, expected to result in lower utility and insurance costs for homeowners. Click here for more on HUDs HOME Investment Partnership Program (HOME). The post HUD Streamlines Affordable Housing Regulations first appeared on The MortgagePoint.

Tenants 349

Tenants Development Modernization Inspection 349

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

MARCH 22, 2021

The Insurance Commissioner for the state of Washington apparently concluded that Modus offered real estate agents and their clients a “thing of value,” such as free home warranties, other closing-related services, in exchange for switching their escrow and title services to Modus.

Insurance 459

Insurance Real Estate Agent Real Estate Brokerage 459

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 370

Renovations Inspection Finance Insurance 370

Housing Wire

DECEMBER 14, 2023

In an update to its selling guide , Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

Insurance 465

Insurance Finance Renovations Government 465

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. It is also wary of some of the proposals.

Construction 535

Construction Renovations Insurance Landlords 535

Housing Wire

MAY 24, 2024

Founded in 2008 and based in Fort Mill, South Carolina , Movement Mortgage offers a range of products including conventional, jumbo and government-insured loans, as well as a dedicated reverse mortgage division. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 447

Mortgage Renovations Loan Officers Retail 447

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. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

Renovations 397

Renovations Finance Insurance Transportation 397

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 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.). Earlier this year, HUD Sec.

Mortgage 418

Mortgage Insurance Renovations Tools 418

Housing Wire

MAY 14, 2021

And while price matters, it’s easier to renovate a home than pick up and move it to another city. After all, the older the home the more you might have to pay in renovations or general upkeep. Not to mention, older homes can cost more to insure if they need certain repairs. Before buying a home, consider the location.

Renovations 508

Renovations Modernization Housing Market Real Estate 508

Housing Wire

SEPTEMBER 4, 2024

Guild’s Flex Payment Mortgage is a suite of products combining federally-insured [HECMs] with options for larger loan amounts as well as the reverse mortgage for purchase,” the company stated. Converting equity into available cash can be accomplished without impacting Social Security or Medicare benefits, the company said.

Mortgage 448

Mortgage HOA Insurance Property Taxes 448

Housing Wire

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. The role of renovators. Most of these reverted REOs are eventually sold via the Multiple Listing Service (MLS).

Renovations 370

Renovations Investors Retail Buyers 370

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. of all properties available for the first-look auctions during the quarter.

Renovations 370

Renovations Buyers Development Insurance 370

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).

Finance 529

Finance Government Renovations Design 529

Appraisal Buzz

OCTOBER 23, 2024

This was the lowest number of properties brought to foreclosure auction since Q3 2021, when the nationwide foreclosure moratorium on government-insured mortgages caused by the pandemic was still in place. Constrained Supply Weakens Auction Demand Despite ongoing supply constraints, distressed property auction demand declined in Q3 2024.

Retail 370

Retail Marketing Inventory Buyers 370

Housing Wire

DECEMBER 15, 2024

But as interest rates remain double what they were a few years ago and inflation keeps raising renovation costs, investors continue to have a tough time making the kind of profits that would lure more into the game.

Investors 370

Investors Marketing Renovations Housing Market 370

Housing Wire

FEBRUARY 21, 2023

The same analysis of 435,000 distressed property dispositions shows that 72% of properties that were renovated and resold after being purchased at foreclosure auction ended up in the hands of owner-occupants. That was 14 percentage points higher than the 58% homeownership rate for retail REO sales.

Housing Market 397

Housing Market Renovations Marketing Retail 397

Housing Wire

FEBRUARY 13, 2024

And it boasts a home renovation calculator and home service offerings from Hometap’s partner network. Bain Capital , American Family Ventures , Iconiq Capital and Group 1001’s Delaware Life Insurance Co. are some of the partners who help Hometap fund its home equity investments.

Investing 424

Investing Renovations Tools Real Estate 424

Housing Wire

JULY 25, 2023

Homeowners and renters may not have felt the full impact of climate-related disasters since, oftentimes, they do not end up directly paying for renovations or repairs necessitated by an adverse climate event, Fairweather said. Recently, prominent insurance companies have exited some of these areas.

Housing Market 370

Housing Market Marketing Insurance Renovations 370

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

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. If your state requires a lending license, make sure a the lender is licensed. Escrow officers and title agents.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage.

Architecture 476

Architecture Renovations Inspection Finance 476

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

Renovations 393

Renovations Investing Real Estate Marketing 393

Housing Wire

JUNE 21, 2022

FHA loans are insured by the Federal Housing Administration and have less stringent down payment and credit requirements. Investors are helping first-time home buyers across the country purchase renovated homes and other families get into high-quality rental homes. ATTOM Data Solutions found that 7.8% But, who are these investors?

Investors 435

Investors Renovations Inspection Government 435

Housing Wire

MARCH 28, 2022

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

Real Estate 397

Real Estate Marketing Insurance Technology 397

Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire.

Brokerage 435

Brokerage Real Estate Clients Insurance 435

Housing Wire

MAY 18, 2022

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. As with any mortgage, the borrower must meet their loan obligations: keeping current with property taxes, homeowners insurance, and maintenance. To learn more about RMF and reverse mortgages visit reversefacts.com/HW. Not tax advice.

Mortgage 418

Mortgage Clients Insurance Tools 418

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

Mortgage 418

Mortgage Renovations Insurance Construction 418