Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

Investing 433

Investing Legal Lending Landlords 433

Housing Wire

MARCH 6, 2025

We had to take back some properties where we dont have a large real estate operation, so we didnt want to keep them, said Sims, general partner at Constitution Lending , a Connecticut-based real estate lender providing fix-and-flip and long-term loans to real estate investors. His first Auction.com purchase was in December of that year.

Sellers 294

Sellers Inventory Landlords Renovations 294

Housing Wire

FEBRUARY 16, 2022

If your state requires a lending license, make sure a the lender is licensed. 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. Establish a private money lending network for real estate.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

Construction 459

Construction Development Finance Lending 459

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 264

Business Renovations Investors Market Value 264

Appraisal Buzz

FEBRUARY 11, 2025

Michael Gevurtz, CEO and Founder, Bluebird Lending This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Michael has renovated and built from the ground up, over 75 single-family homes for sale and rent. It is not primarily an investment.

Real Estate 269

Real Estate Finance Development Investing 269

Housing Wire

FEBRUARY 6, 2025

Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. Both loan types allow all borrowers to invest using an LLC, granting access to tax benefits and other great things. Of course, Deephaven goes beyond helping borrowers acquire loans.

Mortgage 282

Mortgage Training Construction Investors 282

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Let the Renovations Begin! Determine How Much You Can Afford.

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 367

Lending Housing Market Technology Business 367

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent lending as well.

Loan Officers 443

Loan Officers Retail Lending Renovations 443

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. AFR offers agency, nonagency and government lending products.

Lending 441

Lending Renovations Construction Finance 441

Housing Wire

JUNE 8, 2021

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”.

Inventory 360

Inventory Renovations Lending Construction 360

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. It’s an investment down the road,” the executive added. “We The financial terms of the transaction have not been disclosed. We’re taking a long-run view that it’s going to pay off.

Retail 418

Retail Mortgage Lending Renovations 418

Housing Wire

NOVEMBER 30, 2021

There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market. How Acra Lending can help.

Supply Chain 424

Supply Chain Lending Investors Renovations 424

Housing Wire

JANUARY 4, 2024

“If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” Reverse mortgage companies have also invested in their own home modification programs. . “But what constitutes an emergency?” ” Molinsky told NextAvenue.

Renovations 419

Renovations Investing Finance Design 419

Housing Wire

JUNE 30, 2021

As purchase transactions move back to the forefront of lending, the broker channel will only continue to grow and gain momentum. The first resource is its newly renovated Broker Portal that brings the power of its proprietary H2O origination system together with an elegant interface to highlight next steps, critical tasks and key contacts.

Lending 397

Lending Renovations Design Tools 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

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. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

JULY 5, 2022

The acquisition of Portland, Oregon-based Riverbend and its subsidiaries, announced originally in late April, is expected to fit in well with Redwood’s existing business-purpose lending platform, CoreVest. Redwood executives say Riverbend will be integrated into CoreVest. It also serves professional developers of multifamily properties.

Finance 418

Finance Renovations Real Estate Investors 418

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). The volume of HELOC loans declined by 17% to $60.1 rebranded as Rithm Capital ).

Lending 353

Lending Renovations Real Estate Finance 353

Housing Wire

FEBRUARY 9, 2021

Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. Four renovations to consider before selling your house. When you go to buy a home , your mortgage lender will almost always order a home appraisal. The purpose?

Appraisal 482

Appraisal Real Estate Agent Real Estate Sellers 482

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

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 376

Renovations Investing Real Estate Marketing 376

Housing Wire

AUGUST 1, 2022

While home price growth is expected to slow in the coming months, it’s still higher than a 5% annual home price appreciation rate, making home equity products an attractive option for lenders to invest in. . Depository banks have dominated home equity lending for years, but nonbank lenders seeking volume are increasingly targeting the space.

Renovations 397

Renovations Lending Investing Mortgage 397

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Mortgage 529

Mortgage Valuation Housing Market Renovations 529

Housing Wire

APRIL 2, 2021

To coincide with the IPO, institutional investors have pledged to make a private investment of $250 million in the company. Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. The valuation at the time of the IPO is expected to be $1.9

Finance 353

Finance Renovations Investors Retail 353

Housing Wire

JULY 20, 2021

Borrowers now have settled in homes that in many cases are growing in value, and may have a need to take on renovation costs or consolidate debt, which brings on a greater need for cash-out refinances. This restriction of investment property volume has presented a growing problem, as second home volume was up 178% annually in April.

Marketing 370

Marketing Lending Government Renovations 370

Housing Wire

AUGUST 15, 2022

Mortgage lenders are now considering adding home-equity lending to their portfolios as they look for growth in a declining refinance market and seek opportunities to cross-sell to their existing customer base by tapping into historic amounts of home equity,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion.

Lending 459

Lending Home Value Mortgage Renovations 459

Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

MAY 3, 2022

Surging house prices have made home equity products an obvious choice for lenders to invest in, given the value of homes used as collateral for such loans are rising. The new unit focuses on developing mortgage-adjacent lending products and services.

Renovations 418

Renovations Loan Officers Technology Mortgage 418

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. Just because there’s vacant homes in the U.S.

Inventory 488

Inventory Renovations Real Estate Government 488

Housing Wire

MARCH 26, 2024

Attom points out that investment returns on these projects in 2023 were at levels that “could easily be wiped out by the carrying costs during the renovation and repair process, which usually consume 20 to 33 percent of the resale price.” “In In 2023, the landscape for home flipping across the U.S. million households formed each year.”

Investors 482

Investors Marketing Inventory Real Estate 482

Housing Wire

MAY 18, 2022

HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market? HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

Mortgage 418

Mortgage Clients Insurance Tools 418

Housing Wire

FEBRUARY 28, 2024

Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. million of these investment properties are 1-4 units which Deephaven allows. Non-QM provides an alternative solution to qualify these borrowers that Agency (the GSEs) does not offer.

Mortgage 451

Mortgage Investors Real Estate Business 451

Housing Wire

FEBRUARY 1, 2024

The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park. That is anathema to the spirit of fair housing (and lending).

Real Estate 435

Real Estate Appraisal Insurance Training 435

Housing Wire

APRIL 8, 2021

Like investing in the stock market, setting aside emergency savings and saving for retirement, homeownership is another vehicle that may offer the potential to build wealth,” says Citi Home Lending Officer John Gnisci. Should the property increase in value over time, then you, in turn, will have built up more equity.

Property Taxes 435

Property Taxes Landlords HOA Renovations 435

Housing Wire

DECEMBER 12, 2022

The company, which is the country’s largest correspondent aggregator , has invested in growing its correspondent footprint while some rivals, like its primary competitor, Wells Fargo , are pulling back or exiting entirely. Bank Home Mortgage and Planet Home Lending. Its strategy has impacted correspondent lending.

Marketing 418

Marketing Lending Retail Clients 418