Housing Wire

AUGUST 22, 2022

Mortgage startup NFTYDoor plans to launch a home equity platform, promising borrowers “a one-minute online application and funding in as little as three days.” He’s entering a bright space: home equity products have become more popular given the surging value of homes used as collateral. Presented by: ServiceLink.

Equity 370

Equity MLS Renovation Loans 370

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. Blackstone Group will retain a 70% ownership stake in the lender-and-servicer.

Finance 372

Finance Closing Investor Mortgages 372

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. The great news is that the money you need probably already exists in your current home in the form of equity.

Renovation 324

Renovation Equity Mortgages Design 324

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgages 432

Mortgages Equity Loan Officer Loans 432

Housing Wire

FEBRUARY 3, 2023

And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates.

Renovation 397

Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

OCTOBER 24, 2024

The rest are saving their equity with us by either selling to us or allowing us to list.” Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

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).

FHA loan 368

FHA loan Renovation Equity Loans 368

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

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. AscentDS product offerings will include short-term loans to acquire, renovate or build single-family and multifamily properties, as well as post-completion bridge financing.

Construction 459

Construction Development Loans Lending 459

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Residential 435

Residential Lending Finance Investor 435

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

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 458

Mortgages Finance Lending Equity 458

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. on average — compared to the average interest rates for home purchase or home equity loans.

Loans 394

Loans Lending Finance Renovation 394

Housing Wire

NOVEMBER 21, 2023

According to Inside Mortgage Finance (IMF) estimates, CMG was the 16th-largest mortgage lender in the country in the first nine months of 2023, with a $16 billion volume, an increase of 17.5% Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officer 447

Loan Officer Lending Loans Finance 447

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations.

Finance 238

Finance Loan Officer Renovation Equity 238

Housing Wire

AUGUST 2, 2024

Private equity firm Exuma Capital Partners announced that it is the lead investor for a newly launched, AI-powered homeowner management tool called Property.com. An AI assistant called Revana will provide personalized help with renovations, installations and maintenance. AI has been top of mind for the real estate industry.

Sales 448

Sales Staging Renovation Equity 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

MAY 3, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 418

Equity Fixed-rate mortgage Principal Mortgages 418

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Renovation 435

Renovation Equity Mortgages Development 435

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Overall, HELOCS accounted for 20.7% level from the first quarter of 2021, ATTOM reported.

Equity 363

Equity Lending Finance Loans 363

Housing Wire

JUNE 1, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 397

Equity Fixed-rate mortgage Principal Loans 397

Housing Wire

MAY 22, 2024

Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S. This means that renovations of existing homes are likely to become more necessary as time goes on.

Renovation 459

Renovation Equity Design Branding 459

Housing Wire

APRIL 9, 2021

“We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire. “And then we have our agent commission.”

Equity 435

Equity Brokerage Mortgages Title 435

Housing Wire

SEPTEMBER 17, 2024

Curbio, a home renovation startup that specializes in pre-sale work, has agreed to settle fraud allegations made by the Office of the Attorney General for the District of Columbia. The AG also accused the company of acting as an unlicensed lender and performing subpar renovations. As part of the settlement, Curbio agreed to pay $7.5

Renovation 431

Renovation Equity Agents Sales 431

Housing Wire

JUNE 20, 2024

The 2017 law also made interest from home equity loans non-deductible except for when the money is applied to home improvements or renovations. The eligible deduction was lowered from total mortgage balances of $1 million under prior law to $750,000.

Mortgages 497

Mortgages Renovation Equity Loans 497

Housing Wire

OCTOBER 23, 2024

Cash-out refis have gained popularity due to record-high home equity levels in recent years. By offering higher LTVs without charging mortgage insurance, UWM aims to attract more borrowers, including those who need to consolidate student and medical debt or renovate their homes, for example. How much will borrowers pay?

Equity 448

Equity Loans Mortgages Loan Officer 448

Housing Wire

OCTOBER 3, 2024

Home renovations have the potential to become big business in the years ahead, and the act of downsizing could take on more prominence in the reverse mortgage industry due to the rising interest in the Home Equity Conversion Mortgage ( HECM ) for Purchase program. Can you make a bedroom and bathroom in the lower level?”

Renovation 467

Renovation Equity Mortgages As-is 467

Housing Wire

MARCH 28, 2022

With that said, with tight margins of around 5% , time is short, meaning human value creation (renovations big or small) are usually foregone in favor of an algorithmically determined window dictating when to buy or flip. To de-risk transactions, tailored add-ons are important. Andy Bodrog is Partnerships Director, Property at Cover Genius.

Marketing 397

Marketing Title Closing costs Technology 397

Housing Wire

JANUARY 5, 2024

Lower interest rates can also make borrowing against home equity more attractive, allowing homeowners to access cash for renovations, debt consolidation or other financial goals. Doing so allows you to offer guidance on financing options and market conditions, helping your clients make informed decisions amid uncertainty.

Fixed-rate mortgage 468

Fixed-rate mortgage Agents Marketing Lending 468

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.

Loans 397

Loans Lending Construction Banks 397

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investor 447

Investor Finance Loans Renovation 447

HomeLight

JULY 11, 2024

Are you searching for financing options for your next real estate investment in San Jose? Whether you’re eyeing a fixer-upper in Willow Glen or planning to invest in rental properties near Santana Row, hard money lenders in San Jose offer a speedy and flexible financing option. How does a hard money loan work?

Finance 115

Finance Hard money loan Home sale contingency Loans 115

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 105

Equity Finance Loans Closing costs 105

HomeLight

JULY 3, 2024

These loans provide a valuable alternative to traditional financing, especially for those with tight project timelines, limited upfront capital, or credit challenges. For homeowners looking to buy before selling their current home , we’ll also explore some options to help leverage your home’s equity. How does a hard money loan work?

Finance 114

Finance Hard money loan Home sale contingency Loans 114

HomeLight

JUNE 30, 2024

Are you seeking financing options for your next real estate project in Atlanta? Hard money loans are an alternative to conventional financing — ideal for those with tight timelines, limited capital, or less-than-perfect credit. They typically lend a percentage of the ARV to safeguard their investment. How does a hard money loan work?

Finance 113

Finance Hard money loan Home sale contingency Loans 113

HomeLight

JULY 25, 2024

Whether you’re a seasoned house flipper or a homeowner looking to leverage your property’s equity, knowing how to finance your next move is important. One option to consider is a hard money loan , a type of financing that offers flexibility and speed, ideal for competitive markets like the Bay Area.

Finance 115

Finance Hard money loan Home sale contingency Loans 115

HomeLight

JULY 29, 2024

These loans provide faster access to funds compared to conventional financing, making them a popular choice for real estate investors. We’ll also explore alternatives and highlight top local lenders to help you decide if this financing option aligns with your investment goals. How does a hard money loan work? Here’s how they work:

Finance 114

Finance Hard money loan Home sale contingency Loans 114