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.

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Lending Retail Contracts Construction 400

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 397

Investing Mortgage Development Retail 397

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 515

Housing Market Marketing Inventory Construction 515

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 419

Housing Market Mortgage Marketing Inventory 419

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 411

Legal Mortgage Contracts Insurance 411

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.

Construction 431

Construction Government Mortgage Finance 431

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 404

Finance Valuation Construction Mortgage 404

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 360

Mortgage Loan Officers Retail Construction 360

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 432

Construction Contracts Buyers Development 432

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 500

Inventory Buyers Construction Sellers 500

Boston Appraisal

OCTOBER 6, 2023

While there is a myriad of financing options available for those looking to purchase or invest in real estate, today we’ll zero in on two distinct choices: hard money loans and traditional financing. Hard money loans, in contrast, are often financed by private investors or smaller lending companies.

Finance 148

Finance Investors Lending Real Estate 148

Housing Wire

JANUARY 8, 2021

For the system to work, mortgage-backed security investors need an efficient and verifiable means to know that all loans in their securities comply with this law, and originators and issuers want certainty that they are not running afoul of the Bureau. Even so, it is not the entire ATR rule requirement.

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Government Mortgage Finance Legal 271

Housing Wire

JULY 18, 2023

“The lack of resale inventory means prospective home buyers who have not been priced out of the market continue to seek out new construction in greater numbers,” Alicia Huey, the chairman of the NAHB, said in a statement. “At Furthermore, higher interest rates increase the cost of financing for building homes and developing lots.”

Inventory 367

Inventory Construction Buyers Housing Market 367

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price.

Investing 449

Investing Renovations Development Construction 449

Housing Wire

SEPTEMBER 7, 2021

Treasury and the Department of Housing and Urban Development ’s risk-based sharing program, and increase funding to existing programs. The Federal Housing Finance Agency announced a significant increase — from $1 billion to $1.7 The mortgage industry and housing advocates were generally supportive of the modest measures.

Construction 418

Construction Government Inventory Finance 418

Housing Wire

JULY 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). That more or less lined up with mortgage application data for new builds , which showed demand up 26% year-over-year in June but down 5% from May. “The In June, the sales pace of new homes fell 2.5% from a month prior, but down 3.6% compared to June 2022. “The

Housing Market 368

Housing Market Marketing Construction Inventory 368

Miller Samuel

DECEMBER 5, 2018

I was invited by Julie Hyman at Yahoo Finance TV for a discussion on the weakening luxury housing market and some other topics of interest. The conversation shifted from what I was invited to cover, to the developing news story. It was exciting to be there during the perfect storm.

Finance 221

Finance Real Estate Development Housing Market 221

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

Renovations 508

Renovations Development Investors Legal 508

Housing Wire

OCTOBER 21, 2021

The Affordable Housing Program (AHP) requires that each of the 11 FHLBanks in America contributes 10% of the preceding year’s net income to the purchase, construction, or rehabilitation of homes. The push will come from the Congress, where the COVID-19 pandemic rekindled discussions about a program established in the 1990s. In May, Sen.

Investing 368

Investing Development Finance Technology 368

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. In fact, mortgage applications picked up in the week leading up to the Fed meeting, signaling a wave of optimism. However, at Mortgage News Daily , mortgage rates were higher on Tuesday, at 7.30%.

Housing Market 448

Housing Market Mortgage Landlords Marketing 448

Housing Wire

JULY 28, 2022

The new rule guidance is designed to expand the supply of affordable housing by making it easier to develop, repair or operate affordable housing. billion for affordable-housing development and preservation. Louis , that gap is 29.3 points — with the white homeownership rate at 74%; the African American homeownership rate at 44.7%

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Government Development Finance Legal 382

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 534

Construction Renovations Insurance Landlords 534

Cleveland Appraisal Blog

OCTOBER 29, 2021

They all have done their studies and have provided their analysis of what their data reflects the total economic life of a home to be based upon its quality of construction. Therefore, for each sale, we must develop a reliable opinion of the value of its land. We’ve just developed the total economic life for one of the sales.

Appraisal 365

Appraisal Development Finance Lending 365

Housing Wire

JANUARY 5, 2021

The Housing Policy Council has weighed in on the Conference of State Bank Supervisors’ new proposed standards for nonbank mortgage servicers. And now HPC, headed by former Federal Housing Finance Agency President Edward DeMarco, is adding its voice to the comments. “In Achieving touchless mortgage automation. HPC agrees.

Design 337

Design Mortgage Technology Construction 337

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 410

Marketing Government Mortgage Sellers 410

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. This USDA program, however, is in serious trouble. The LIHTC program, administered through the U.S.

Tenants 500

Tenants Finance Construction Government 500

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 378

Real Estate Brokerage Real Estate Agent Technology 378

Housing Wire

FEBRUARY 8, 2024

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

Real Estate Agent 409

Real Estate Agent Real Estate Agents Clients 409

Housing Wire

OCTOBER 20, 2020

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis. The crisis is calibrated to hit those most in need.”

Law 495

Law Marketing Mortgage Valuation 495

Housing Wire

APRIL 13, 2023

While staying open to the unexpected, we can see opportunity in any development. Our calendars, schedules and agendas construct a gymnasium where purpose gains definition. Christy Soukhamneut is managing director of Mortgage Finance in Texas. The key is to keep our goals and vision in mind, and act distinctly.

Business 350

Business Technology Construction Finance 350

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development and U.S. However, permits for future construction recorded a 4.4% Despite the uptick last month, builders are becoming increasingly anxious about persistently high mortgage rates and cooling demand,” Lisa Sturtevant, chief economist at Bright MLS , said in an emailed statement.

Construction 441

Construction Development Inventory Mortgage 441

Housing Wire

MARCH 30, 2023

The proposed template would change the mortgage disclosures required under the Truth in Lending Act (TILA)-Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) rules.

Construction 383

Construction Lending Finance Mortgage 383

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The rate of homes under construction has roughly plateaued since April 2022. The figure – up 17.7%

Construction 418

Construction Finance Inventory Development 418

Housing Wire

APRIL 26, 2024

Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. The implementation timeline varies based on the type and location of new construction.

Construction 484

Construction Law Development Finance 484

Will Springer Realtor

JULY 12, 2023

Seattle leads the nation in construction cranes. Multi-family construction is still moving forward but most of the residential buildings will become apartments. This may help lower monthly rents but the overall construction industry continues to face challenges. All projects start with financing.

Supply Chain 28

Supply Chain Construction Law Development 28

Raleigh Realty

FEBRUARY 19, 2022

In fact, if you have liquid funds, and thus aren't financing your home purchase through a lender, you don't need to have the home appraised. Of course, even if you aren't using a traditional lender for financing, an appraisal isn't a bad idea. Does a Newly Constructed Home Need an Appraisal? Why would you?

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Appraisal Process Appraisal Construction Sellers 139