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Planet Home Lending adds new regional sales manager

Housing Wire

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. 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.

Lending 322
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Some mortgage companies expanding despite challenges

Housing Wire

Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. Department of Agriculture (USDA). Chicago’s housing market started out hot in 2022.

Mortgage 382
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Comparing this housing market recession to 2008

Housing Wire

So, when housing peaked in 2005, we had a flood of inventory from home sellers who couldn’t buy a home, and that flood allowed the list to spike to over 4 million in 2007. As you can see below, today — a few days away from 2023 —with existing home sales trending at 2007 sales levels, it is strikingly different.

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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Data from John Burns Real Estate Consulting shows that student loan debt has increased 100% since 2007, keeping many renters in place. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. Jeff Ball is CEO of Viseo Lending.

Investors 387
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Private-label RMBS deals continue their hot streak

Housing Wire

Non-QM mortgages include loans to the self-employed, such as small-business owners or gig workers, and other borrowers who fall outside the box of agency lending guidelines.). We do view the announcement to be a constructive one for the non-agency market,” he said.

Mortgage 299
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2021 Twin Cities Apartment Market Trends

Simonson Real Estate

Apartment New Construction. New construction costs are reportedly up about 10% on average, or $20,000/unit more compared to 1 or 2 years ago. New Construction sales have been in the $250,000-$300,000 range. We will need to see rent growth to continue to justify new construction looking ahead. Lenders want to lend.

Marketing 131
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How LOs are dealing with a mortgage rate lockdown

Housing Wire

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. The mortgage industry was on a “sugar high” in the last two years, added Lonnie Glessner, senior vice president of residential lending at Draper & Kramer Mortgage. And it’s going to get worse.

Mortgage 375