Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Loans 396

Loans Mortgages Finance Lending 396

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

MARCH 4, 2025

Passed in 2021, the CTA aims to combat financial crimes such as tax fraud, money laundering and terrorist financing by requiring certain businesses to file a BOI report with FinCEN. FinCEN began accepting BOI reports from new and existing companies in January 2024. This rule, which goes into effect Dec.

Title 348

Title Residential Finance Land 348

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

NOVEMBER 15, 2024

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

JUNE 6, 2023

Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. New York – The residential sales market has been strong across the District. Chicago – Residential construction activity has been down modestly in this District.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

JULY 15, 2024

For the sake of simplicity, I will keep my comments restricted to residential real estate in the US. Finance: D- Housing finance has not structurally changed in decades. Put simply, AI has not delivered much to the finance process. Valuation 3. Transaction 5. Valuation gets the highest grade and here, AI is a star.

Residential 441

Residential Finance Technology Staging 441

Housing Wire

SEPTEMBER 13, 2023

Local Logic partners with some of the top tech vendors in the residential real estate industry, such as Black Knight , Constellation1 , CoreLogic , Inside Real Estate , and MoxiCloud. Additionally, the partnership comes off the heels of a $13 million Series B financing for Local Logic in August.

Residential 468

Residential MLS Investor Technology 468

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 497

Residential Lending Banks Mortgages 497

Housing Wire

OCTOBER 19, 2023

CoStar Group , the parent company of real estate data giant CoStar , has made an offer to acquire OnThe Market , the third most visited residential property portal in the United Kingdom. The announcement bolsters the claim that CoStar is “playing for keeps in the residential real estate market.” residential rental platform.

Residential 448

Residential Agents Closing Marketing 448

Housing Wire

JULY 18, 2024

“Waltz fundamentally reshapes the investment experience in residential real estate for foreign nationals,” Tomer Diara, general partner at Aleph, said in a statement. residential real estate is low. Its other business partners include Regent Bank , payments platform Synctera and Visa -backed currency exchange Currencycloud.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Equity 366

Equity Lending Residential Branding 366

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Many first-time homebuyers are stretching their finances to the limit. Dont obsess with finding the perfect first home.

Debt-to-income ratio 277

Debt-to-income ratio Loan Officer Marketing Loans 277

Housing Wire

FEBRUARY 14, 2025

MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO board members, who represent a cross-section of the residential and commercial real estate finance industries, are responsible for overseeing the organization and serve two-year terms.

Finance 296

Finance Commercial Technology Lending 296

Housing Wire

JANUARY 30, 2025

We’re looking at product expansions and introducing products that we have or through our sister company Anchor Home Loans , which specializes in residential transition loans (RTLs). Financing for mid-tier builders has become less liquid or choppy compared to the mega builders, right?

New Construction 312

New Construction Construction Marketing Equity 312

Housing Wire

FEBRUARY 10, 2025

Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C. It also closed five RTL securitizations for nearly $2 billion and expanded its product suite by launching a new construction financing product.

Lending 290

Lending New Construction Residential Investor 290

The Close

NOVEMBER 26, 2024

Stabilize & Season Your Current Rental Property If you plan to finance multiple rental properties, start by stabilizing your current one. Also, be aware that some lenders have a “seasoning period,” essentially how long you’ve owned or financed the property. Let’s break it down into six easy steps.

Finance 98

Finance Equity MLS Loans 98

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. According to a filing from the California Department of Financial Protection and Innovation dated Oct. 18, LoanSnap had its license revoked after it failed to renew its surety bond.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital. “In

Construction 459

Construction Development Loans Lending 459

Housing Wire

OCTOBER 15, 2024

1 and Sept 30 of this year based on prices for closed residential sales. A recent report from real estate data provider PropertyShark ranked California , New York and Florida as the states with the most expensive ZIP codes in 2024. The report listed the 100 most expensive ZIP codes between Jan.

Residential 448

Residential Sales Closing As-is 448

Housing Wire

FEBRUARY 4, 2025

Arrival Home Loans on Tuesday announced a partnership with zavvie a fintech company that specializes in bringing liquidity to residential real estate in an effort to enhance the homebuying experience for its customers.

Loans 290

Loans Loan Officer Finance Brokerage 290

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Loans 435

Loans Finance Residential Renovation 435

Housing Wire

JANUARY 21, 2025

The program, which is led by adjunct professor Debbie Hoffman a visiting assistant professor at the Cleveland State University College of Law offers a three-credit undergraduate course on residential mortgage origination and processing. There are 17 students who are currently enrolled in the 2025 spring semester course that began on Jan.

Banks 370

Banks Mortgages Lending Residential 370

Housing Wire

SEPTEMBER 24, 2024

Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital.

Residential 434

Residential Commercial Finance Loans 434

Housing Wire

APRIL 1, 2025

In 2024, a year in which single-family residential resale transactions were at a 29-year low , Compass outperformed. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4 billion, with transactions up by 24%. And for the full year, Compass achieved $5.6

Brokerage 304

Brokerage Technology Agents Development 304

Housing Wire

MARCH 19, 2025

More financing tools and counseling programs can also help preserve the affordable housing stock and ensure that all households live in safe and adequate housing. There is both a market opportunity and a moral imperative to expand improvement and repair services for these homeowners, said Sophia Wedeen, a senior research analyst at JCHS.

Industrial 290

Industrial Residential Construction Finance 290

Housing Wire

NOVEMBER 22, 2024

I would just say that the rental market is still performing a little bit more strongly than the residential or the for-sale market,” Knapp added. We believe rates (including financing rates) staying higher for longer will delay any rebound in construction activity in the near term,” he wrote. YOY (-14% from peak) as of October 2024.

Marketing 370

Marketing Construction As-is Residential 370

Housing Wire

NOVEMBER 1, 2024

Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs. Construction was another sector that posted gains in October, adding 8,000 jobs. Overall, the industry has added an average of 20,000 jobs per month over the past year.

Construction 370

Construction Residential MLS Mortgages 370

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 432

Mortgages Fixed-rate mortgage Lending Residential 432

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. The same story holds true for personal finance.

Equity 475

Equity Investor Residential Finance 475

Housing Wire

MAY 21, 2024

Shuler has also served in CIO leadership roles at GMAC Mortgage/GMAC ResCap , National City Mortgage and Homeward Residential. Planet Home Lending is an originator, correspondent lender , servicer and subservicer of agency and nonagency residential and commercial mortgages.

Lending 446

Lending Residential Technology Commercial 446

Housing Wire

AUGUST 15, 2024

Fitch Ratings said in a report that SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. Credit Suisse acquired SPS in 2005 but was rescued by UBS last year.

Investor 476

Investor Mortgages Banks Principal 476

Housing Wire

OCTOBER 6, 2023

But people need homes,” said Kenny Deen, senior account executive at the independent mortgage banker and residential home lender Paramount Residential Mortgage Group. Then, we have all the traditional financing options, including jumbo.” “We’re people who have been around for a while.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. Let’s look at today’s residential construction report and see where we are. But during this entire time, the number of residential construction workers has been growing. From the U.S. Why is this happening?

Construction 535

Construction Residential New Construction Finance 535

Housing Wire

JULY 1, 2024

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. Guaranteed Rate, meanwhile, was the nation’s ninth-largest mortgage originator in the first quarter of 2024, according to Inside Mortgage Finance (IMF).

Brokerage 448

Brokerage Residential Branding Mortgages 448

Housing Wire

JULY 23, 2024

Established in 2021, the company provides short-term bridge loans, fix-and-flip loans and construction financing for residential and multifamily investment properties. The company recently added Tuan Pham as its chief marketing officer and Steve Huff as senior vice president of asset management and servicing.

Lending 445

Lending Banks Residential Construction 445

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. The proposed rule would implement a Congressional mandate establishing consumer protections for the residential PACE loans.

Loans 396

Loans Lending Finance Renovation 396