Jerry Rowell, who has more than 20 years of experience leading companies in the financial services sector, including mortgage, field service and commercial lending firms, will be based in Austin, Texas.
As president and CEO, Tessar will focus on improving the loan process and making the sales and operations teams work cohesively. “Our customers will see the immediate benefits of streamlined processes that result in flawless execution and superior service,” he said.
With spring home-buying season now underway, many investors are looking their next great buy, and the perennial draw of college towns makes them a prime consideration. Click here to see which cities Redfin has singled out as the best college towns to buy an investment property.
A recent study conducted by Ally Bank shows interest rates and closing costs are highly important factors to consumers when deciding on a lender, but a reputation based on excellent customer service and convenience is just as important. What else might sway borrowers? A little incentive.
Before joining W&D, Naish served as the director of affordable housing finance at Berkeley Point Capital and has previously held multiple roles with HUD, where he became an expert in affordable housing policy and FHA multifamily products.
Johnson will oversee the creation and implementation of new strategic priorities and ensure core company initiatives, services and partnerships at the national residential and commercial mortgage services company.
National appraisal management company United States Appraisals has announced the addition of David Wegmann and John Powell as business development managers, bringing more than 45 years of combined experience to the company.
“With a passion for problem-solving and helping clients tackle complex problems with pragmatic solutions, Michele will assist OrangeGrid in building and sustaining strong business relationships across our rapidly growing client base for years to come,” said Todd Mobraten, OrangeGrid’s CEO and founder.
Build to rent allows investors to buy newly built homes and rent them out instead of selling them. Because the homes are new, investors are able to charge higher rent prices and tenants often stay in the home for longer periods of time. But the question remains: Why would builders move into the rental market during a time when homes are selling quickly and at higher prices than any time in the past decade?
Today the average student debt resulting from a four-year degree stands at $30,000. According to a report released by American Student Assistance in 2015, 71% of non-homeowners surveyed who carry student debt say the burden of monthly payments has kept them from purchasing a home. More than half of those say their student debt loads will likely prevent home ownership for another five years.
Currently, institutional investors control approximately 170,000 properties (a relatively small portion of the overall SFR space, which is dominated by smaller investors, and estimated to include 11 to 13 million properties). KBRA reports that 105,000 properties have been included in the 26 single-borrower deals done to date, which suggests there are somewhere north of 60,000 properties that could still be securitized.