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Corcoran hires new SVP of global development

Housing Wire

Scott Mitchelson is joining The Corcoran Group as senior vice president of global development, the company announced on Tuesday. From 2000 to 2010, Mitchelson worked for Realogy Corp., Mitchelson will report directly to Stephanie Anton, president of Corcoran affiliates.

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Former HUD Secretary Marcia Fudge becomes a partner at law firm Taft

Housing Wire

Department of Housing and Urban Development (HUD), Marcia Fudge has joined law firm Taft as a partner and chair of public policy, the company announced this week. Fudge earned a law degree from Cleveland State University and entered politics in 2000 after being elected mayor of Cleveland-area suburb Warrensville Heights.

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US housing market is short 5.5 million homes, NAR says

Housing Wire

The NAR is calling for a “major national commitment” to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy. From 1968 to 2000, the total stock of U.S. In the past 20 years, the U.S.

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HUD Secretary Marcia Fudge announces resignation

Housing Wire

Department of Housing and Urban Development (HUD), announced her resignation from office, according to an announcement released on Monday by HUD. This is a developing story. Marcia Fudge , the 18th Secretary of the U.S. Her last day will be March 22. “We’re doing everything we can with the resources we’ve got.”

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How do you solve the California housing crisis?

Housing Wire

That represents a serious downtrend from a 50% homeownership rate in 2000. In 2000, CAR estimated that the state would need about 250,000 new units a year to keep up with demand. But even with all of these laws, costs and local regulations are still limiting factors for development. What’s the solution? million units behind.

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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

Founded in 1986 as Guaranty Trust , the firm started out as a local retail lender and entered the third-party origination (TPO) space in 2000. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans.

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How one lender is innovating to make affordable housing more accessible

Housing Wire

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. Since 2000, the average home appreciation rate has been 4.7%, according to the FHFA. Since 2012, the average rate has been 7.7%. million in 20 years.*

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