Banks New Construction Renovation 
Housing Wire
JULY 19, 2024
In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators. 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.”
Housing Wire
JUNE 30, 2022
In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. The post Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions appeared first on HousingWire. We’re well-capitalized and committed to mortgage, particularly the broker channel.
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Housing Wire
NOVEMBER 4, 2021
For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. Top markets for affordable renovated housing inventory. So outreach for training construction workers should start when people are considering career paths, as early as grade school, Brady said.
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. It also has a niche in construction and manufactured home loan programs. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.
Housing Wire
APRIL 20, 2022
Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project. It’s also assessing a variety of other products to service a market that is now heavily purchase-focused.
Housing Wire
NOVEMBER 30, 2021
New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. 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.
Housing Wire
NOVEMBER 25, 2020
Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. “A deal for me is a property I can buy for under $100,000, typically.”.
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