Remove As-is Remove Commercial Remove Renovation
article thumbnail

Property services company MCS enters reverse mortgage space

Housing Wire

It also says that Five Brothers will be integrated into MCS to offer property preservation, maintenance and renovation services. has been in business for more than 50 years and offers regulatory compliant default, rental and real estate-owned (REO) residential and commercial property preservation services.

Mortgages 448
article thumbnail

Leading Australian reverse mortgage lender undergoes rebrand

Housing Wire

We are excited to deliver the Heartland Bank brand to our reverse mortgage customers,” said Medina Cicak, the bank’s newly appointed chief commercial officer. More than half of the company’s reverse mortgage customers (55%) are using their loan proceeds to fund home renovations or to consolidate debt (51%).

Mortgages 448
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What AVMs can and can’t do in the appraisal process

Housing Wire

Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc. AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations. ” Amazing, right? AVMs don’t account for housing trends.

article thumbnail

Bain Capital gains majority stake in residential investment lender Archwest Capital

Housing Wire

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. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

article thumbnail

Institutional SFR players are stuck in the doldrums

Housing Wire

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.” Another larger player in the space, Progress Residential , recently postponed a securitization transaction due to difficult market conditions.

article thumbnail

Planet acquires Platinum Home Mortgage Corporation

Housing Wire

In early May, the company launched a commercial servicing division led by James DePalma and Janina Woods. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The company’s assets will add to Planet’s 30 branches and 128 active LOs. “I

Mortgages 418
article thumbnail

Opinion: Who decides what American neighborhoods look like?

Housing Wire

population — own more than $30 trillion in residential, commercial, industrial and agricultural property. White professionals also dominate the commercial real estate sector. Who decides what our neighborhoods look like? And who profits from these projects? For generations, real estate ownership in the U.S. In rural areas of the U.S.,