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.

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Lending Housing Market Technology Business 342

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).

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Renovations Modernization Insurance Finance 419

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.

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Finance Marketing Renovations Investors 366

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed. Escrow officers and title agents.

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Real Estate Investing Investors Renovations 397

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.”.

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Inventory Renovations Lending Construction 359

Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. But, first-time homebuyers can be leery of taking on renovations, especially if they are tight on cash.

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Marketing Renovations Construction Finance 396

Housing Wire

SEPTEMBER 24, 2021

As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase. Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. The only problem?

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Lending Renovations Finance Investors 431

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. 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. Streamline by combining services.

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Renovations Development Investors Legal 516

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. The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. How Acra Lending can help.

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Supply Chain Lending Investors Renovations 384

Housing Wire

OCTOBER 23, 2024

Despite eliminating MI, the company has set credit scores and DTI limits that its investor partners are comfortable with to balance risk while expanding the product’s appeal. Whether UWM plans to hold these loans in its portfolio or sell them to private investors remains unclear.

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Insurance Mortgage Investors Renovations 443

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.

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Finance Renovations Real Estate Investors 410

Housing Wire

FEBRUARY 28, 2024

Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Mortgage 415

Mortgage Investors Real Estate Business 415

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. Through these loans, developers and investors are able to bring new stock to the market that may have been previously overlooked or passed up.

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Housing Market Marketing Inventory Lending 459

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).

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Government Finance Renovations Insurance 529

Housing Wire

APRIL 20, 2022

The program is the latest effort to give broker partners more lending options as rate-term refis disappear and cash-out refinancings move like a rollercoaster to higher rates. ” Homepoint, the third-largest wholesaler in the nation, is weighing jumping into non-QM , namely bank statement and investor cash flow loans. .”

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Supply Chain Construction Renovations Investors 390

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. NAR is advocating for temporarily lower capital gains taxes for mom-and-pop real estate investors [i.e.,

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Inventory Renovations Real Estate Government 487

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. According to the company, it achieved more lock volume in the first 11 months of 2020 than it did in the prior three years.

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Home Improvement Renovations Finance Lending 468

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! Decide on How to Proceed.

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Investing Renovations Landlords Real Estate 332

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.

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Renovations Investing Real Estate Marketing 330

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Instead, they’ll be seeking to renovate their homes.”.

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Renovations Realtors Construction Mortgage 430

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

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Finance Renovations Investors Retail 308

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Economists and investors are waiting for any indication that the Federal Reserve may begin tapering its asset purchases. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%. Presented by: Black Knight.

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Mortgage Valuation Housing Market Renovations 529

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.

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Housing Market Marketing Contracts Lending 368

Housing Wire

JULY 29, 2024

At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. Basically an AI mentor to hold the investor’s hand through the process and surfaces opportunities and resources. Compliance note: Would require leveraging a mortgage-specific LLM from open source.

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Tools Tenants Training Property Management 340

Listing Spark

AUGUST 17, 2023

However, property investors and house flippers can run up against the requirements for FHA loans in ways that present unexpected obstacles. As an investor, the downstream implications of these challenges can be frustrating, equating to more time, delays, and expenses to bog down your business.

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Investors Investing Buyers Real Estate 36

Appraisal Buzz

SEPTEMBER 5, 2022

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. When it comes to lending activity, appraisal revisions have always been a part of the appraisal process. There was also a breakdown in communication between lenders and their appraisal partners.

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Appraisal Modernization Appraisal Process Technology 281

Listing Spark

JANUARY 22, 2024

In the first quarter of 2023 alone, real estate investors flipped 72,960 homes. For both new and experienced real estate investors, this bodes well for the 2024 market. Investors are thriving by finding properties with a lot of potential as both rentals and flips—and then being able to sell them quickly at the right price.

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Real Estate Investors Tools Investing 36

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

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Appraisal Process Real Estate Appraisal Renovations 78

Patch of Land

OCTOBER 26, 2018

But, investors continue to find deals and set records while increasingly tapping the debt markets to finance their flips. This new breed of lender is often found online, where borrowers get introduced to lending platforms that use sophisticated algorithms to determine if a potential borrower is a good credit risk.

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Finance Investors Real Estate Construction 31

Housing Wire

SEPTEMBER 22, 2022

The mortgage industry was on a “sugar high” in the last two years, added Lonnie Glessner, senior vice president of residential lending at Draper & Kramer Mortgage. As rates rise, lenders are struggling to sell in the secondary market as investors are seeking higher yields. Finding out why people are moving is important, he said.

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Mortgage Loan Officers Inventory Retail 397

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do?

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Business Appraisal Real Estate Agent Lending 393

Patch of Land

NOVEMBER 14, 2018

Whether you’re a seasoned house flipper or just planning to take your first entrepreneurial step as a real estate investor, you should always be on the lookout for new tools, processes, and best practices that can help you improve your business. HouseCanary. The app was designed with two personas in mind. Property Fixer.

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Real Estate Tools Investors Investing 36

D Fritz Appraisals

JULY 4, 2024

In addition to the SVT, the BC Home Flipping Tax , effective January 1, 2025, is expected to discourage investors. Let us appraise your new construction or renovation to ensure your lender financing is approved. today, and we can tailor an appraisal report to meet your lending, selling, and appraising needs.

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Construction Government Appraisal Transportation 111

Realtor

JANUARY 23, 2018

But the prohibition, enacted as part of postcrash financial regulation, doesn’t apply to investors buying tens of thousands of houses. and in the fast-growing business of lending to individual house flippers. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals.

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Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

But the prohibition, enacted as part of postcrash financial regulation, doesn’t apply to investors buying tens of thousands of houses. and in the fast-growing business of lending to individual house flippers. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals.

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Appraisal Real Estate Agent Valuation Real Estate 78

Listing Spark

AUGUST 11, 2022

For those that haven’t been a real estate investor before, hard money lending may be confusing. We’ll dive into hard money lending with Romney Navarro, CEO of Streamline Funding which is a Texas-based private lending company. Romney says that if you’re a first time investor or new builder, you need to find a partner.

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Real Estate Investors Lending Investing 36

McKissock

JUNE 14, 2022

This is an indication of an increasing market because investors are not going to take on this risk unless there is an indication that there’s a shortage in the market that would allow them to recapture the capital employed to make the conversion. Eventually, the rising home prices become unsustainable and the housing bubble bursts.

Real Estate 75

Real Estate Marketing Sellers Buyers 75