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Using superannuation for property investing: Surge in self-managed super fund property investment

Using superannuation for property investing: Surge in self-managed super fund property investment
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How to Use a HELOC: The Home Equity Line of Credit How to Use a HELOC: The Home Equity Line of Credit

Learn how to turn the equity in your property into liquid resources with a home equity line of credit (HELOC). Discover how HELOCs work, how to get one, and how to use one effectively to finance your major purchases and home improvements.

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HELOC, Non-Agency, Valuation, Co-issue, DEI Hiring Products; Events and Training

Our industry continues to be battered. Starwood Capital-backed Reverse Mortgage Funding and its parent company Reverse Mortgage Investment Trust have filed for bankruptcy. Inlanta Mortgage told the state of Wisconsin it plans to wind down its business. Switching gears, to celebrate the first day of December, spend 5 minutes taking one of my favorite quizzes, focused on figuring out where you’re from based on the words you use for certain common things. (What do you call the little bug that rolls up into a ball when you touch it? Sneakers versus tennis shoes? Y’all versus you guys?) It’s uncanny! What isn’t uncanny are the number of predictions we’ve heard about a recession, many dating from nearly a year ago. Recessions generally mean lower rates. Bank of America CEO Brian Moynihan says that a "mild recession" is likely next year but that concerns about a more severe downturn appear to be abating, noting households have maintained st

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Fee Collection, HELOC, Automation, All-cash Products; Training, In-person Events, and Webinars

As Florida’s homeowners, insurance companies, and companies that service loans in Hurricane Ian’s path, brace for the storm, lenders nationwide continue to grapple with a very, very difficult environment. Everyone wants a decent HELOC. Servicing sales have dropped. Buydown loans are back in vogue. (Ask your investor if they buy them, but Planet Home, AmeriHome, and Northpointe jump to mind.) Everyone wants a viable ARM product, at a fixed rate program with some points back. There are many asking if the days of paying 125-150 basis points to IMB LOs are numbered. There is a lot going on as we wrap up September. In fact, some would say it’s pumpkin spice season again, which can only mean one thing: it's time for the 2022 MBA Annual Conference. I spotted Garth Graham and David Hrobon from STRATMOR on the attendee list, who told me their schedule is quickly filling up. Any lenders considering their options as a seller in the current market should reach out to l

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Housing Correction, Industry Events, Vendor Services; All Eyes on Fed This Week

In the words of former Vice President Dan Quayle, “We are ready for any unforeseen event that may or may not occur.” Around the world, soaring borrowing costs are squeezing homebuyers and property owners alike. So, what does the public see in terms of headlines and the housing market? There was billionaire CEO of private equity company Starwood Capital Group, Barry Sternlicht, warning that the housing market is headed for a major crash. Moody’s Chief Economist Mark Zandi is more optimistic, saying that house prices will soon undergo a ‘correction, but not a ‘crash.’ Almost one-third of homes sold in July were paid for entirely with cash. Wealthy U.S. homebuyers are charging in with all-cash purchases even as the broader housing market is slowed by rising mortgage rates. One thing is certain for those financing or looking to finance their real estate. Households with loans are tightening their belts, while rising mortgage payments discourage wou

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