Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

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AIME expands grant program to include veterans, military spouses

Group wants to grow independent mortgage broker channel beyond 25% in 2021

The Association of Independent Mortgage Experts isn’t done helping others. 

After announcing the creation of Spark in September – a vertical aimed at creating paths for women and minorities in the mortgage industry – AIME’s newest program, Military in Mortgage, will offer small business grants and specialized job training for the mortgage industry to veterans and military spouses. 

AIME officials said veterans are often well-suited for a leadership role in the mortgage industry due to their unique training, and their skills are beneficial and easily transferable as they are able to implement and follow the systems and processes that create a streamlined mortgage experience for homebuyers.

“We are so excited to include the military community in the programs offered under Spark,” said Katie Sweeney, executive vice president of strategy at AIME. “These grant and career training offerings will make impactful changes in both the program recipients and the communities they serve. It is an honor to be able to serve our military members and their families.”

AIME implemented Spark with the idea of growing the independent mortgage broker channel beyond 25% in 2021. Officials said recipients of the Spark small-business grant will be assigned a mentor from AIME’s broker community to have a seasoned colleague in the field to seek advice from. 

Grant recipients will receive one year of AIME membership and access to the AIME Leadership Academy.

With three programs now under the Spark umbrella – aptly named Minorities in Mortgage, Women in Mortgage, and the aforementioned Military in Mortgage – AIME is hoping to expand the perspectives of the mortgage industry to reflect the homebuyers of today and into the future. 

Home Point Financial announced in September that it was donating $1 million in grant money to Spark, with Sweeney noting that the donation will go a long way in helping minority and female broker owners build businesses.

“We’ve seen incredible growth in the broker community since AIME started a few years ago, and we want to continue the momentum by supporting a more diverse and inclusive landscape,” Sweeney said. 

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