Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

Housing Wire

NOVEMBER 4, 2021

Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. Top markets for affordable renovated housing inventory. “From 2022 through 2024, this total represents a need for an additional 2.2 million new hires for construction. That’s a staggering number.”.

Construction 529

Construction Renovation New Construction Development 529

Housing Wire

AUGUST 27, 2024

The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. The “standard” option is for substantial repairs, while the “limited” option is for more minor repairs or renovations. Department of Housing and Urban Development (HUD).

Loans 448

Loans Renovation Principal Finance 448

Housing Wire

NOVEMBER 10, 2020

The passing of Amendment B repealed the Gallagher Amendment of 1982, which set residential and non-residential property tax assessment rates in the Colorado state constitution. In comparison, homeowners paid 21% in taxes in the ‘80’s. Louisiana : Amendment 6 passes.

Residential 476

Residential Principal Development Renovation 476

Housing Wire

JUNE 25, 2024

His prior experience includes a “proven track record of success in residential mortgage lending, servicing, and capital markets,“ the firm stated in an announcement. Its offerings include small-business loans and lines of credit, real estate investor loans, rehab loans and renovation loans.

Lending 390

Lending Banks Renovation Loans 390

Housing Wire

APRIL 17, 2024

Capital Fundings specializes in the purchase, renovation and resale of distressed residential properties. “Our collaborative efforts with Capital Fundings will enable borrowers to make informed investment decisions, seize opportunities, and achieve their financial aspirations,“ Brad Bieber, Privy’s head of sales, said in a statement.

Investor 448

Investor Renovation Technology Residential 448

Housing Wire

MAY 22, 2024

The demand for inconspicuous safety bars, lower sinks, residential elevators and other amenities has given home improvement chains, contractors, designers and architects a noticeable lift.” 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

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

AUGUST 17, 2020

Additionally, remodel volume – a subset of maintenance that includes renovations, additions, and alterations – increased 2.59% while spend decreased 1.59% year over year. This sentiment is supported by recent data from the National Association of Home Builders that stated residential construction employment rose by 24,000 in July to 2.8

New Construction 516

New Construction Construction Renovation Residential 516

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 493

Mortgages VA loan Finance Renovation 493

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

JULY 1, 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. million first-lien residential mortgages with $2.6

Banks 397

Banks Mortgages Principal Renovation 397

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements.

Loans 468

Loans Banks Residential Finance 468

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

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? After mixed results in January , the U.S.

Residential 370

Residential Construction Renovation Industrial 370

Housing Wire

JULY 31, 2023

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations.

Loans 370

Loans Residential Finance Renovation 370

Housing Wire

AUGUST 29, 2024

At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022. Our renovation includes features such as step-free entrances, wider doorways, and bathroom modifications.

Renovation 459

Renovation Development New Construction Land 459

Housing Wire

APRIL 27, 2023

Another larger player in the space, Progress Residential , recently postponed a securitization transaction due to difficult market conditions. The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.”

Renovation 392

Renovation Residential Commercial As-is 392

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

Lending 455

Lending New Construction Construction Finance 455

Housing Wire

MARCH 19, 2024

It also says that Five Brothers will be integrated into MCS to offer property preservation, maintenance and renovation services. has been in business for more than 50 years and offers regulatory compliant default, rental and real estate-owned (REO) residential and commercial property preservation services.

Mortgages 448

Mortgages Principal Commercial Real-estate owned 448

Housing Wire

JULY 7, 2023

In June, employment in residential specialty trade contractors continued to trend up (+10,000). In the June jobs report, residential building construction employment is up 0.8% year over year, while non-residential is up by 4.8%. The fastest monthly growth came from residential specialty trade contractors.

Construction 370

Construction Residential MLS Renovation 370

Housing Wire

OCTOBER 3, 2023

Since acquiring Homes.com in 2021 , commercial real estate giant CoStar Group has made it crystal clear that it was playing for keeps in the residential real estate market. In less than two and a half years, CoStar has taken Homes.com from a small player in the residential real estate portal space to the No.

Residential 435

Residential Commercial Agents Industrial 435

Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. Approximately 55% of survey respondents said location/neighborhood is most important to their buyers.

Investor 397

Investor Marketing Renovation Residential 397

Housing Wire

AUGUST 20, 2021

And then there’s KWx , the parent company of residential brokerage Keller Williams. The company recently hired Raymond “RJ” Jones to lead its iBuying program as well as Keller Manage, a new service for home maintenance, renovations and moving. This content is exclusively for HW+ members.

Renovation 370

Renovation Residential Brokerage Agents 370

Housing Wire

MAY 5, 2022

million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. million low-rate loan to Cherry Oak Apartments, a mixed-income 96-unit residential apartment with 53 affordable units, in partnership with the Metropolitan Development Housing Agency , Amazon said.

Equity 370

Equity Renovation Loans Development 370

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity.

Investor 397

Investor Renovation Loans Principal 397

Housing Wire

JULY 10, 2024

But when the apartment’s landlord declared that all units in the building would be renovated and force all current tenants out, the clock began ticking for a solution. Ultimately, after gaining a senior living waiver from the state of California , the family sought to find a better arrangement.

Mortgages 476

Mortgages Construction Renovation Loans 476

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. “Riverbend’s executive leadership team plans to remain with the business following the completion of the transaction.”. The company employs more than 50 people.

Finance 418

Finance Investor Loans Lending 418

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. Furthermore, residential building construction employment was flat year-over-year in July, while non-residential was up by 5.9%, according to First American Economist Ksenia Potapov.

Marketing 368

Marketing Residential Construction Commercial 368

Housing Wire

JULY 8, 2022

House Financial Services Committee’s Subcommittee on Oversight and Investigations (the subcommittee), was sent to the following companies: Invitation Homes ; American Homes 4 Rent ; FirstKey Homes (owned by Cerberus Capital Management ); Progress Residential (owned by Pretium Partners ); and Amherst Residential.

Equity 435

Equity Residential Investor As-is 435

Housing Wire

JANUARY 14, 2025

Professional home flippers focus on cities and neighborhoods that have housing demand, and where there is positive energy around renovating or repositioning outdated housing stock. Knowing which properties to pursue is key, or there may be some difficulty finding a buyer when the renovation process is completed.

Marketing 397

Marketing Investor Renovation Industrial 397

Housing Wire

MARCH 28, 2025

Smart Data: Over 1 billion data points on residential and commercial real estate. Calculators: Estimate renovation and dwelling additions costs to assist in budget and investment strategies. Automated valuation model (AVM): Boosts client consultations by using its proprietary algorithms to accurately estimate home values.

MLS 339

MLS Agents Commercial Technology 339

Housing Wire

SEPTEMBER 27, 2021

residential real estate market in the second quarter of 2021, according to a report from Redfin. If the offer is accepted, Offerpad goes to work on renovating the home and trying to resell it for significantly more than they bought it for. You’re about to read another story about instant homebuying, or iBuying. of the total U.S.

Renovation 370

Renovation Residential Sales As-is 370

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. Where might added inventory come from, if the bulk of existing homeowners continue to remain on the sidelines?

Renovation 488

Renovation Sales Investor Mortgages 488

Housing Wire

FEBRUARY 18, 2022

AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations. James Dawkins is a certified residential underwriter at Cardinal Financial. This information is not known by AVMs, nor do they calculate possible value adjustments.

Commercial 397

Commercial Renovation Technology Inspection 397

Housing Wire

APRIL 18, 2023

While HELOCs continue to set the stage as flexible products that provide quick access to financing for a multitude of uses, including home renovations, debt consolidations or emergency purchases, severe contraction across the lending industry in the fourth quarter of 2022 affected HELOCs in terms of origination volume.

Equity 366

Equity Lending Finance Loans 366

The Close

NOVEMBER 7, 2024

You will find run-down homes for a good deal, renovate them quickly, and then profit when you sell. It’s a profitable venture, but having some DIY skills for repairs and renovations is essential. A turnkey property is fully renovated and ready to rent out, requiring minimal effort from the owner.

Property Management 98

Property Management Investor Commercial Renovation 98