Housing Wire

OCTOBER 8, 2021

After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8% Department of Housing and Urban Development.

Construction 419

Construction Government Development Mortgage 419

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. But after concerns were brought to the attention of policymakers during the proposal’s comment period, the U.S.

Mortgage 325

Mortgage Real Estate Agent Sellers Construction 325

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 310

Construction Development Business Housing Market 310

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%.

Mortgage 378

Mortgage Construction Inventory Investors 378

Housing Wire

AUGUST 18, 2023

Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires. Department of Veterans Affairs (VA) mortgages. Josh Green (D).

Government 343

Government Mortgage Tenants Development 343

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

Finance 447

Finance Construction Tenants Renovations 447

Housing Wire

DECEMBER 22, 2020

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. Movement Foundation uses dividends from the mortgage company for affordable housing and related projects to support community stability through homeownership.

Investing 393

Investing Mortgage Development Retail 393

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business. About 23.7%

Housing Market 381

Housing Market Mortgage Marketing Inventory 381

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. Long was most recently the executive regional manager for Union Home Mortgage before joining Planet. decline from 2022, according to Inside Mortgage Finance.

Retail 364

Retail Lending Renovations Construction 364

Housing Wire

FEBRUARY 12, 2024

. “With the acquisition of AFR, we will build on our already strong mortgage platform. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. residential mortgage market and housing-related assets. residential mortgage market and housing-related assets.

Lending 334

Lending Renovations Construction Finance 334

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. The increase in contract signings can be attributed to a decline in mortgage rates in January after a run-up in rates in October and November ,” Holden Lewis, NerdWallet ’s home and mortgage expert, said in a statement. months in December.

Construction 424

Construction Contracts Buyers Development 424

Housing Wire

JUNE 17, 2021

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%.

Mortgage 442

Mortgage Housing Market Contracts Construction 442

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S.

Inventory 480

Inventory Buyers Construction Sellers 480

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Technology 350

Technology Retail Lending Design 350

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

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Investors Housing Market Finance Construction 418

Housing Wire

MARCH 21, 2024

Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S. I’m here to build on our presence in the West by fostering an environment where mortgage loan originators and branch managers can truly thrive.” increase.

Lending 334

Lending Retail Contracts Construction 334

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Some economists say that this development contributed to drive up the 10-year treasury yield to its highest level since November 2022. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time.

Mortgage 326

Mortgage Inventory Government Buyers 326

Housing Wire

APRIL 28, 2022

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. The multichannel lender, which originated roughly $13 billion in residential mortgage last year, declined to provide any details about the layoffs. The lender’s origination volume increased 25.8% billion, up 65.5%

Mortgage 310

Mortgage Loan Officers Retail Construction 310

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. that use trended credit bureau data.

Legal 353

Legal Mortgage Contracts Insurance 353

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Like so many other production pipelines, the construction of new homes, along with shortages in building materials like concrete and lumber , caused a significant decrease in new homes for purchase. Push for tech.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae. But advocates also say more is needed to improve the loan repurchase process.

Construction 416

Construction Government Mortgage Finance 416

Housing Wire

APRIL 3, 2024

the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp. Both companies will eventually be aligned under the name Onity Mortgage , but a timeline was not specified for wider implementation into the subsidiaries outside of “later this year.” Ocwen Financial Corp.,

Mortgage 310

Mortgage Business Design Construction 310

Raleigh Realty

FEBRUARY 4, 2022

New Construction Home Buying Tips You asked. here are the best new construction homebuying tips How to buy a new construction house Last week we wrote an article on how to buy a house for first-time home buyers. Also asking, when do you pay for a new construction house? How Do I Buy A New Construction Home?

Construction 148

Construction Realtors Real Estate Agent Real Estate 148

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year.

Inventory 498

Inventory Construction Housing Market Business 498

Housing Wire

MARCH 21, 2022

RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. Sponsorship of events can also be deemed illegal if the event is used for marketing or publicizing a real estate or mortgage company’s services. Construction-only loans. Let’s know about them.

Real Estate Agent 307

Real Estate Agent Real Estate Agents Construction 307

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% At the same time, builders also adapted to the needs of today’s home buyers who are navigating higher mortgage rates. After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Over the past year, the value of the U.S.

Housing Market 504

Housing Market Marketing Inventory Construction 504

Housing Wire

OCTOBER 24, 2023

years and did some other sales jobs before joining the mortgage space about a decade ago. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. In terms of products, Gade said he will have the opportunity to access VA construction loans at UMortgage. and Paramount Bank.

Loan Officers 413

Loan Officers Brokerage Retail Construction 413

Housing Wire

JULY 13, 2022

The Securities and Exchange Commission has begun the process of developing mandated disclosure regimes for funds that consider ESG factors in their marketing material. When thinking about ESG in RMBS, right now there are three considerations that can help the mortgage market properly capitalize on the momentum behind the ESG movement.

Investing 315

Investing Mortgage Investors Transportation 315

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. The Community Home Lenders of America (CHLA) applauds these initiatives. The American homebuyer needs help. But it’s time for a reality check. Such opportunities may arise.

Sellers 432

Sellers Realty Insurance Realtors 432

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. The Community Home Lenders of America (CHLA) applauds these initiatives. The American homebuyer needs help. But it’s time for a reality check. Such opportunities may arise.

Sellers 282

Sellers Realty Insurance Realtors 282

Housing Wire

FEBRUARY 6, 2023

Michigan-based United Wholesale Mortgage (UWM) has named Andrew Hubacker as its chief financial officer, the company announced on Monday. Hubacker joined the mortgage lender in October 2020 as chief accounting officer. billion and injected $925 million into UWM to develop new technology and grow the broker channel.

Finance 355

Finance Valuation Construction Mortgage 355

Eyes on Housing

DECEMBER 19, 2023

Single-family construction surged in November as lower mortgage rates helped to assuage affordability concerns and unleash pent-up demand for housing. Department of Housing and Urban Development and the U.S. Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate of 1.56

Construction 161

Construction Development Mortgage 161

Eyes on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Department of Housing and Urban Development and the U.S. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37

Construction 169

Construction Inventory Development Buyers 169

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The lender’s guide to surviving this mortgage market. As the U.S. Presented by: HCL America.

Human Resources 346

Human Resources Loan Officers Construction Mortgage 346

Appraisal Buzz

SEPTEMBER 24, 2021

Sales of newly constructed homes performed better than expected in August but remain well behind the pace set in August 2020. Census Bureau and Department of Housing and Urban Development say that sales during the month were at a seasonally adjusted annual rate of 740,000 units. It was the second.

Mortgage 150

Mortgage Construction Development Appraisal 150

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Development 316

Development Appraisal Property Appraisal Insurance 316