Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

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Equity Finance Purchase and sale agreement Investor 468

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. If that isnt spectacular enough, Deephaven offers interest-only options for maximum property cash flow alongside cash-out solutions to consolidate debt and unlock equity. Why is that important?

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Loans Mortgages Equity Construction 301

Housing Wire

JANUARY 17, 2025

The company has notified customers that it will no longer accept new applications for home loans but will “continue to service all existing mortgage clients, including those with home equity lines of credit and homes already under construction.”

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Lending Banks Mortgages Commercial 397

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. But one impact that Cook has observed in his own business at least anecdotally is an apparent mistrust that older buyers have for new construction.

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Inspection Mortgages New Construction Equity 264

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

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Construction Closing costs Renovation Title 535

Housing Wire

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. ” The post Private equity shop Lovell Minnick acquires UniversalCIS appeared first on HousingWire.

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Equity Technology Lending Title 397

Housing Wire

FEBRUARY 28, 2024

Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs. It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S.

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Construction Equity Mortgages Finance 459

Housing Wire

DECEMBER 18, 2024

The site, which was constructed throughout nearly all of 2024, launched post-live quality assurance (QA) and has been up for about a day, Burgard confirmed in an interview with HousingWire. Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025. .”

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Marketing Lending Branding Banks 415

Housing Wire

FEBRUARY 27, 2025

Hepp also sees construction costs and reinsurance costs as major contributors to the insurance affordability issue. Cumilative inflation is up about 20% to 30% since the onset of the pandemic, while construction costs have actually gone up 44% since then, and that is for both material costs as well as labor, Hepp said.

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Equity Construction Principal Mortgages 228

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. We still see a more modest advance for new single-family home construction.

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Residential Lending Finance Banks 350

Housing Wire

OCTOBER 23, 2024

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. Borrowers can determine down payment amounts, monthly payment limits, and interest rates for home equity lines of credit ( HELOCs ) or home equity loans with a five- to 10-day closing process.

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Equity Loan Officer Lending Loans 435

Housing Wire

AUGUST 13, 2024

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

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Construction New Construction Equity Residential 435

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

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Construction Principal Design Equity 474

Housing Wire

AUGUST 31, 2023

In the mortgage lending business, Mars Bank offers 30-year fixed conventional, FHA loans, a medical professionals mortgage program, construction loans, home equity loans and Home Equity Line of Credits ( HELOCs ), according to its website. Mars Bank held $520.8 million in assets as of June 30, 2023. NexTier Bank produced $50.6

Banks 417

Banks FHA loan Lending Equity 417

Housing Wire

JULY 10, 2024

After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000. In Los Angeles County, stormwater regulations that cause construction delays have been lifted for those seeking to immediately commence small-scale residential construction projects.

Mortgages 476

Mortgages Construction Renovation Loans 476

Housing Wire

JANUARY 10, 2022

And if three hikes in the federal funds target come to pass, initial rates on ARMs, HELOCs and construction loans (often linked to the bank prime) will likely increase from one-half to three-quarters of a percentage point. for 30-year fixed-rate loans. 2022 should be a strong year for housing.

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Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

OCTOBER 14, 2021

These drastic increases in price, mean that longtime homeowners have seen massive equity gains, giving them more cash to use toward a potential new home, giving them an advantage in a bidding war against younger buyers who may be trying to purchase their first home. “And

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Equity Construction Marketing As-is 539

Housing Wire

JUNE 2, 2022

In 2021, the record increase in home prices helped homeowners build equity to roughly $2.1 trillion, the most significant annual increase in equity. Data shows homebuyers since 1954 built equity for decades ; those who did not build equity purchased between 2003 and 2007. That is not true. households are underwater.

Equity 468

Equity Construction Mortgages Industrial 468

Housing Wire

SEPTEMBER 26, 2024

Rising construction costs : Supply chain issues and labor shortages have escalated building costs. Borrowers can pay more during high-income months to reduce interest and build equity faster. Housing shortages : Limited supply, particularly in desirable areas, drives fierce competition and higher prices.

Mortgages 488

Mortgages Equity Investor Loans 488

Housing Wire

FEBRUARY 21, 2024

Pretium’s new fund came on the heels of private equity giant Blackstone’s decision in January to acquire Tricon Residential in a deal valued at around $3.5 Similarly, construction has slowed but remains elevated. Tricon owns more than 37,000 homes and is building about 2,500 more.

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Investor Construction Commercial Sales 493

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS).

Banks 448

Banks Mortgages Loan Officer Loans 448

Housing Wire

SEPTEMBER 26, 2024

Miller is overseeing construction of a new home with wood floors that contain no thresholds, which might cause a tripping hazard in later life. Home equity can play a role in financing home modifications or paying for in-home care. In 2022, median home equity for 65 and older homeowners was $250,000, according to the Harvard study.

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Equity Technology Finance Construction 459

Housing Wire

DECEMBER 29, 2021

Housing permits are growing and this is a good thing for the economy and construction jobs. While I have never been a housing construction boom guy because mature economies typically don’t have a construction boom, the fact that permits are keeping their uptrend is a big positive for the United States of America.

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Marketing Equity Construction Bankruptcy 534

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.” .” Our success is driven by our exceptional team and an expansive product portfolio.

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Lending New Construction Renovation Banks 460

Housing Wire

DECEMBER 2, 2020

Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices. With less cash and no home equity, millennial and Gen Z first-time buyers will be impacted the most by rising home prices and interest rates,” Hale said.

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Marketing Construction New Construction Equity 528

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

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Finance Construction Loans Renovation 501

Housing Wire

APRIL 9, 2024

David O’Reilly, CEO of Howard Hughes Holdings which constructs planned communities, describes the market being “at the cusp,” saying that the demand appears to be coinciding with more members of Gen X nearing a time where they will become “empty nesters.”

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Equity Construction Development Marketing 511

Housing Wire

JANUARY 23, 2024

It’s a delicate balance between interest rates and equity. If rates drop and equity levels rise, homeowners may be more inclined to release their properties into the market, capitalizing on the accrued equity to offset higher interest rates. The second avenue for expanding inventory is new construction.

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Agents Equity New Construction Days on market 476

Housing Wire

MARCH 19, 2021

Lennar’s focus on its strategic investments and homebuilding comes amid historic inventory lows , construction worker shortages, near-record low mortgage rates and incredible demand. Total construction costs are down 0.7% Given the apartment business has ~$1 bln of invested equity today, this suggests at least $1.5

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Land Development Equity Construction 529

Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. Reali , another proptech company founded by Heller and Avrahami, shut down in 2022 after raising more than $290 million in debt and equity funding.

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Bankruptcy Inspection Investor Staging 482

Housing Wire

APRIL 4, 2024

million in “sweat equity grants” will go to support four nonprofit housing providers. The organizations will “use HUD’s grants to construct or rehabilitate 445 homes along with contributed labor from the homebuyers and volunteers that will significantly lower the cost of homeownership,” HUD explained. “The

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Equity Principal Development Construction 364

Housing Wire

MAY 6, 2024

million in mortgages last year, mainly for building and construction. CCBank, founded in 1993, had nearly $871 million in total assets and $127 million in equity capital at the end of 2023. Meanwhile, according to the same data sources, CCBank has only 10 licensed LOs and originated only $7.5

Mortgages 458

Mortgages Loan Officer Banks Equity 458

Housing Wire

AUGUST 8, 2024

New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. That’s great news for the millions of American homeowners who see their equity rising, but first-time buyers are going to keep finding it tough to find an affordable home.” That’s a 6.6%

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New Construction Equity Construction Marketing 458

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co. 1, 2022, according to a CoStar News report.

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Marketing Construction Development Investor 545

Housing Wire

JANUARY 12, 2023

Investors offloading negative cash-flowing properties to avoid margin calls and unhappy investors. Increased inventory from robust construction of new, single-family homes with “motivated” sellers. Increased inventory from short-term-rental gone wrong , aka the Airbnb bust. And finally, decreased demand due to aging demographics. .

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Investor Construction Loans Commercial 541

Housing Wire

MAY 26, 2022

We have more housing starts under construction now than in recent history! We have a lot of multifamily construction going on that won’t help the homebuyer. People forget when rates rose to 5% in 2018, it delayed housing construction from really growing for 30 months. This is true except for one big reality!

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Construction Bankruptcy Sales House Flipping 526

Housing Wire

OCTOBER 10, 2024

The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp. HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit.

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Renovation Finance Equity Technology 434