Housing Wire

MARCH 5, 2025

More renovations? While most of Shank’s book of business is tied to VA loans, he says he’s seeing an uptick in renovation loans across FHA and VA channels. So now that rates are dropping, a renovation loan will be in the 7% range. Certain geographic areas have higher shares of government loans.

Loan Officers 339

Loan Officers Renovations Government Buyers 339

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Retail 459

Retail Lending Renovations Construction 459

Appraisal Buzz

NOVEMBER 15, 2024

Residential Lending at TD Bank. Forty-three percent of people who are remodeling or intend to renovate their homes are doing so in order to raise their home’s equity. Of those surveyed, over half (54%) had utilized a HELOC or HE Loan for renovations. housing supply.

Renovations 370

Renovations Lending Investing Home Improvement 370

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% Given the substantial amount of accumulated equity in real estate, there is still untapped potential for home equity lending for lenders and borrowers.” compared to the prior year, while outstanding debt increased by 8.3% billion per company in 2023, compared with $2.1 billion in 2022.

Lending 448

Lending Renovations Real Estate Mortgage 448

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

Lending 448

Lending Renovations Legal Real Estate 448

Housing Wire

NOVEMBER 10, 2023

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Home equity line of credit (HELOC) and home equity loan originations increased 50% in 2022 compared to two years earlier, according to the Mortgage Bankers Association ’s Home Equity Lending Study.

Lending 475

Lending Tools Inventory Renovations 475

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 396

Property Management Local Properties Renovations Investors 396

Housing Wire

OCTOBER 31, 2024

Product comparisons In its announcement of the new rate and additional states, FOA said that its optimistic outlook for the product is fueled by the increased activity in the home equity lending space.

Mortgage 434

Mortgage Loan Officers Lending Renovations 434

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. Make everything new so you dont have to come back as much.

Sellers 349

Sellers Inventory Landlords Renovations 349

Housing Wire

FEBRUARY 25, 2025

Visit Easy Street Capital Constitution Lending: Best for new investors If youre a new investor, finding the best hard money lenders for beginners can make or break your chance at success. Constitution Lending prides itself on helping investors kick off their projects. As usual, a good credit score cant hurt, but it isnt all or nothing.

Renovations 368

Renovations Real Estate Investors Investing 368

Housing Wire

JANUARY 30, 2025

In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. So, people are gonna have to tap into their equity for renovations, debt consolidation and better cash flow.

Construction 338

Construction Marketing Investors Renovations 338

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” Additionally, Flagstar offers direct access to underwriters for product-specific advice and expertise in Non-QM, VA, and FHA lending.

Training 466

Training Renovations Lending Clients 466

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 332

Business Renovations Investors Market Value 332

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. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Of course, Deephaven goes beyond helping borrowers acquire loans.

Mortgage 343

Mortgage Training Construction Investors 343

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 370

Lending Housing Market Technology Business 370

Appraisal Buzz

MAY 10, 2022

The post Renovation: A Path to Fair Lending appeared first on Appraisal Buzz. While that’s true of the federal law, at least three states have passed CRA-like laws that apply to nonbanks, and the Mortgage Bankers Association (MBA) predicts more states could follow suit.

Renovations 150

Renovations Lending Law Appraisal 150

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

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

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. We are proposing new rules that would require sensible safeguards on these clean energy loans.”

Property Taxes 396

Property Taxes Renovations Finance Lending 396

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 397

Supply Chain Renovations Finance Lending 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.”.

Inventory 360

Inventory Renovations Lending Construction 360

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. housing stock,” David DePrez, managing director for Bain Capital, said in prepared remarks. “We

Investing 435

Investing Legal Lending Landlords 435

Housing Wire

FEBRUARY 12, 2024

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. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 457

Lending Renovations Construction Finance 457

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 448

Loan Officers Retail Lending Renovations 448

Housing Wire

SEPTEMBER 24, 2021

Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. Acra Lending is looking to solve these challenges and make fix-and-flip lending simpler and more efficient for borrowers, lenders and brokers. Capitalizing on this trend, at least for brokers and lenders, will be difficult.

Lending 459

Lending Renovations Finance Investors 459

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.

Renovations 516

Renovations Development Investors Legal 516

Appraisal Buzz

SEPTEMBER 5, 2024

Despite home equity lending volume remaining relatively flat in 2023 compared to 2022, outstanding home equity debt increased, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study. The MBA study also found the following of note: Home renovations slowed to 56% of volume in 2023 compared to 65% in 2022.

Lending 221

Lending Inspection Valuation Renovations 221

Housing Wire

NOVEMBER 20, 2023

In 2022 alone, APM acquired 11 branches from Arizona-based Sunstreet Lending and Sunstreet, along with 25 branches from the Minnesota retail lender Lend Smart Mortgage and 51 branches from the now-defunct AmeriFirst Financial Inc. The lender has been in acquisitive mode despite the industry downturn.

Retail 448

Retail Mortgage Lending Renovations 448

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.

Real Estate 269

Real Estate Finance Development Investing 269

Appraisal Buzz

MAY 21, 2024

Bill Shuler has joined Planet Home Lending , a national mortgage lender, servicer, and asset manager, as executive vice president, chief information officer. Throughout his career, he has specialized in business strategy and systems renovation that increases productivity, decreases costs and aligns operating units. “My

Lending 195

Lending Technology Renovations Business 195

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. The Texas-based lender is licensed in 26 states and provides 15-year and 30-year fixed mortgages, including government loans, 203 (k) renovation loans and reverse mortgages. This consists of $1.5

Brokerage 458

Brokerage Mortgage Real Estate Renovations 458

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 434

Supply Chain Lending Investors Renovations 434

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. The financial terms of the transaction have not been disclosed. With the acquisition, Planet will inherit the majority of Platinum’s origination staff and branches throughout the country.

Retail 418

Retail Mortgage Lending Renovations 418

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 448

Renovations Modernization Insurance Finance 448

Housing Wire

JANUARY 4, 2024

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors. “By

Renovations 433

Renovations Investing Finance Design 433

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

Appraisal Buzz

OCTOBER 23, 2024

Banks are not willing to lend as much money, and the interest rates on distressed properties are 10 percent,” wrote one survey respondent, explaining why he is bidding on fewer properties. The rate also declined during the quarter, hitting a nine-month low in September.

Retail 370

Retail Marketing Inventory Development 370