Housing Wire

OCTOBER 31, 2024

According to data from the Federal Reserve Bank of New York , roughly 750,000 home equity lines of credit ( HELOCs ) were issued to borrowers ages 55 or older in 2023. But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

Renovation 370

Renovation Development Banks Sales 370

Housing Wire

FEBRUARY 6, 2025

Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Bank statement loans Accepting a borrower who doesnt have a traditional 9-5 job can be a challenge for some lenders. Bank Statement loans are designed for self-employed borrowers. Fortunately, theres a solution.

Loans 343

Loans Mortgages Equity Construction 343

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.

Lending 370

Lending Banks Technology New Construction 370

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We billion AUD, or roughly $1.2 billion USD.

Mortgages 448

Mortgages Banks Finance Branding 448

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.”

Lending 466

Lending New Construction Renovation Banks 466

Housing Wire

JUNE 25, 2024

Simm has more than 25 years of experience in financial services and has held multiple executive roles at banks and mortgage companies. He comes to Change Lending after a stint as president of real estate at Texas Capital Bank. In March, Change Lending announced its membership with the Federal Home Loan Bank of San Francisco.

Lending 394

Lending Banks Renovation Loans 394

Housing Wire

JUNE 3, 2022

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. However, they’re down 2.4%

Residential 482

Residential Construction Renovation Banks 482

Housing Wire

JUNE 27, 2022

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021.

Mortgages 531

Mortgages Staging Renovation Loans 531

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.

Renovation 397

Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

DECEMBER 1, 2022

Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Most HELOC programs offered by big banks take on average 66 days to get approval, according to the Mortgage Bankers Association.

Equity 468

Equity Renovation Banks Loans 468

Housing Wire

NOVEMBER 4, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Construction 529

Construction Renovation New Construction Development 529

Housing Wire

APRIL 27, 2021

A homebuyer report from Bank of America shows that 51% of young homebuyers aged 18 to 43 value community and friendly neighbors when deciding whether or not to pull the trigger on a new home. Here is a homebuyer’s guide to navigating bidding wars and low housing supply. Presented by: Citi.

Equity 493

Equity Banks Lending Renovation 493

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

JULY 23, 2021

3-month bank statement. For example, look at Acra’s 3-month bank statement loan program, said Keith Lind, executive chairman and president of Acra. The 3-month bank statement program is ideal for borrowers with nontraditional income streams. Jumbo products. Fix’n’flip.

Marketing 459

Marketing Banks Lending Loans 459

Housing Wire

MARCH 3, 2021

The programs include MAXEX Sustainable, which allows borrowers to finance green energy renovations into their 30-year fixed mortgage, and allows for residential solar panels and geothermal units to be amortized in the loan at the point of purchase or refinance. The company is also offering a “quicker” version of its base program.

Loans 468

Loans Banks Residential Finance 468

Housing Wire

JULY 19, 2024

“We are incredibly proud to launch AscentDS with Elliott’s partnership, allowing us to address the critical financing needs of leading developers during a time of higher interest rates , dislocated construction financing , and the retreat of regional banks,“ Wasmund said in a statement. “In now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

Housing Wire

JUNE 14, 2024

For example, bank statement HELOCs serve self-employed borrowers, who might not qualify for traditional products. Bank statement HELOCs offer borrowers the flexibility to fund the endeavors that matter most to them, such as business ventures, home renovations, and other expenses.

Loans 448

Loans Banks Equity Development 448

Housing Wire

FEBRUARY 28, 2024

TF: A significant amount of volume could be added to an originator’s bottom line simply by offering Bank Statement loans, DSCR cash flow loans, and a stand-alone second lien product such as our Equity Advantage loan. HW: Why are DSCR cash flow, bank statement and second lien mortgages popular right now? trillion.

Debt-to-income ratio 459

Debt-to-income ratio Mortgages Banks Equity 459

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Renovation 476

Renovation Construction Development Finance 476

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. Bank and non-bank lenders are now confronting the urgency to improve their digital experiences to better support home equity lending.

Lending 475

Lending Equity Banks Loans 475

Housing Wire

OCTOBER 28, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Sales 448

Sales Renovation Banks Marketing 448

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

Construction 535

Construction Closing costs Renovation Title 535

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. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. residential mortgage market and housing-related assets.

Lending 457

Lending New Construction Construction Finance 457

Housing Wire

OCTOBER 25, 2021

” Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Renovation 435

Renovation Brokerage Banks Agents 435

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

Title 397

Title Land Finance Renovation 397

Housing Wire

JULY 5, 2022

Riverbend offers financing to veteran real estate investors who acquire residential and multifamily transitional properties with plans to renovate and sell them. It also serves professional developers of multifamily properties. The company employs more than 50 people.

Finance 418

Finance Investor Loans Lending 418

Housing Wire

SEPTEMBER 24, 2021

The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. Because of this, there isn’t endless documentation to analyze — no W2s, bank statements or tax returns. “It It makes for a much faster underwrite,” Lind said.

Lending 459

Lending Finance Loans Renovation 459

Housing Wire

DECEMBER 12, 2022

It relies on the small lenders’ production, such as community banks and independent mortgage banks that typically have a salesforce focused on working closely with local borrowers and real estate agents over the long haul. Bank Home Mortgage and Planet Home Lending. Its strategy has impacted correspondent lending.

Marketing 418

Marketing Lending Banks Loans 418

Housing Wire

FEBRUARY 21, 2023

Distressed property pricing strategies Data from the Auction.com 2023 Distressed Market Outlook report shows how another type of institutional seller — lenders who are selling at foreclosure or bank-owned auction — are adjusting their disposition strategies in response to downshifting demand.

Marketing 397

Marketing Renovation Sales Investor 397

Housing Wire

FEBRUARY 16, 2022

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. In comparison to larger banks or even a local credit union, private lending is more reliant on relationships.

Purchase and sale agreement 397

Purchase and sale agreement Investor Hard money loan Lending 397

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. But the central bank has not indicated that it will change its $120 billion in monthly purchases of U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%. Presented by: Black Knight.

Fixed-rate mortgage 529

Fixed-rate mortgage Mortgages Lending Renovation 529

Housing Wire

AUGUST 2, 2024

The widening bid-ask spread in June was not as much the result of increased pricing by sellers — primarily banks, nonbanks, mortgage servicers and government-sponsored entities,“ Auction.com explained in its report.

Rent back 476

Rent back Renovation Banks Sales 476

Housing Wire

APRIL 14, 2022

The central bank has signaled that it will raise rates another six times in 2022, and likely several more times in 2023, which will likely trigger a corresponding rise in mortgage rates. in March — has sapped strength from the renovation market. Presented by: RMF. Less than 5% of homeowners can save on a refinancing these days.

Mortgages 448

Mortgages Fixed-rate mortgage Banks Renovation 448

Housing Wire

JULY 14, 2022

The role of renovators. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. A deeper dive into the data helps to explain this surprising result. I buy local. But what about the foreclosed properties that don’t end up in the hands of owner-occupants?

Renovation 370

Renovation MLS Investor Loans 370

Housing Wire

NOVEMBER 15, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Mortgages 418

Mortgages Renovation Banks Industrial 418

Housing Wire

AUGUST 15, 2022

The Federal Reserve Bank of New York ’s second-quarter 2022 Household Debt and Credit Report shows that limits on HELOCs jumped by $18 billion in the second quarter of this year, “the first substantial increase in HELOC limits since 2011,” and an indicator of an increase in new originations. billion in 2021 to $4.6

Equity 459

Equity Lending Fixed-rate mortgage Loans 459