Eyes on Housing

SEPTEMBER 6, 2023

NAHB analysis of the 2022 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.1% As in previous years, conventional financing dominated the market at 71.9% In 2020, the share of non-conventional financing was 34.4%.

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Finance Construction Marketing 103

Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

Insurance 469

Insurance Construction Government Design 469

Appraisal Buzz

OCTOBER 19, 2021

Thompson, acting director of the Federal Housing Finance Agency (FHFA) announced the change in her keynote address to the Mortgage Bankers Associations annual conference on Monday. The post Construction Numbers Moderate; FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements appeared first on Appraisal Buzz.

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Construction Appraisal Finance Mortgage 195

Eyes on Housing

MAY 26, 2023

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 103

Construction Development Finance Mortgage 103

Housing Wire

MAY 10, 2024

billion in fix-and-flip and bridge loans in the first four months of 2024, a 40% increase over the same period in 2023, and it recently expanded into construction financing. The lender also reported that it originated $1.66

Investing 369

Investing Investors Real Estate Construction 369

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

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% As more first-time homebuyers are turning to new construction, builders offer smaller, more-affordable homes as well as incentives like interest rate buydowns to tempt buyers off of the fence. Over the past year, the value of the U.S.

Housing Market 512

Housing Market Marketing Inventory Construction 512

Housing Wire

APRIL 5, 2024

“Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

Housing Market 452

Housing Market Marketing Training New Listings 452

Housing Wire

APRIL 4, 2024

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. Instead, the city failed to begin construction on the homes in a timely manner.

Construction 445

Construction Government Housing Market Finance 445

Mortgagebroker News

MARCH 27, 2024

Canada Infrastructure Bank unveils financing program to spur construction

Construction 73

Construction Lending Finance 73

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Business 446

Business Finance Buyers Lending 446

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs.

Lending 417

Lending Renovations Construction Finance 417

Housing Wire

JANUARY 16, 2024

Anchor Loans’ TPO channel will provide residential business purpose loan products – including bridge , fix and flip, ground-up construction and rental investor loans with debt service coverage ratio (DSCR), the firm said in a release. Tim Landwehr, co-chief revenue officer, led the launch of the TPO channel. “We

Investors 437

Investors Housing Market Finance Construction 437

Housing Wire

NOVEMBER 21, 2023

According to Inside Mortgage Finance (IMF) estimates, CMG was the 16th-largest mortgage lender in the country in the first nine months of 2023, with a $16 billion volume, an increase of 17.5% Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

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Loan Officers Retail Lending Renovations 415

Real Estate News

SEPTEMBER 25, 2023

George Carrillo will take on the top role at the newly launched National Hispanic Construction Alliance; Ravi Jani joins Real as VP of investor relations.

Finance 147

Finance Construction Investors 147

Eyes on Housing

APRIL 16, 2024

Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions. Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32

Finance 163

Finance Lending Construction 163

Eyes on Housing

MARCH 30, 2023

According to NAHB analysis of Federal Deposit Insurance Corporation (FDIC) data, large banks (assets greater than $10 billion) have increased their share of the residential construction loan market above pre-Great Recession levels in recent years. The majority of 1-4 residential construction loans are still. Read More ›

Construction 103

Construction Insurance Development Marketing 103

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. decline from 2022, according to Inside Mortgage Finance.

Retail 426

Retail Lending Renovations Construction 426

Housing Wire

MAY 15, 2024

Record levels of new apartment construction in some markets in 2023 started bringing rents down,” Sturtevant said. However, the number of permits issued for the construction of new multifamily buildings has declined and deliveries of new apartments will slow in 2024. That slowdown in new supply will increase pressure on rents.”

Construction 425

Construction Investors Marketing Mortgage 425

Eyes on Housing

JULY 15, 2021

NAHB analysis of the 2020 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 34.4% of the market, while conventional financing dominated the market at 65.6%. In 2019, share of non-conventional financing was 35.0%

Finance 88

Finance Construction Marketing 88

Inman

FEBRUARY 16, 2024

Construction technology company Higharc closed a $53 million Series B round of financing led by Spark Capital and Pillar VC.

Construction 165

Construction Technology Finance 165

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Modern construction finance requires new infrastructure altogether. and Canada. and Canada.

Technology 296

Technology Construction Finance Modernization 296

Housing Wire

NOVEMBER 20, 2023

The lender also brought over 45 former retail branches from Finance of America Companies Inc. Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. FoA) months after it shut down its forward mortgage segment.

Retail 415

Retail Mortgage Lending Renovations 415

Housing Wire

MARCH 21, 2024

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated. Bolstered by its 2022 acquisition of Homepoint ’s delegated correspondent channel, Planet originated $13.9 increase.

Lending 411

Lending Retail Contracts Construction 411

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers.

Loan Officers 178

Loan Officers Construction Finance Development 178

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

Lending 402

Lending Finance Clients Client Relationships 402

Housing Wire

MAY 12, 2021

Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing. Instead, she is looking to buy a newly-constructed home from a large homebuilder. But it might be a while until Williams’ client could actually stop paying rent and move into a home.

Mortgage 427

Mortgage Government Clients Construction 427

Housing Wire

FEBRUARY 24, 2023

The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. Looking ahead, experts are optimistic about the spring selling season for new construction. months of supply at the current sales pace, down from 8.7

Construction 427

Construction Contracts Buyers Development 427

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” “We focus more on manufactured home financing and new-construction home financing instead of maybe fighting against some of those headwinds of a more competitive inventory environment,” Guerin said.

Mortgage 469

Mortgage Real Estate Agent Renovations Finance 469

Housing Wire

JULY 14, 2022

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . The lender was planning to offer construction loans but rising interest rates put a halt to that and forced Kiavi to issue pink slips. .

Human Resources 395

Human Resources Construction Legal Investors 395

Eyes on Housing

FEBRUARY 16, 2023

During the fourth quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. Read More ›

Construction 171

Construction Finance Development Lending 171

Eyes on Housing

MAY 10, 2024

During the first quarter of 2024, credit for residential Land Acquisition, Development & Construction (AD&C) tightened slightly and remained costly, according to NAHB’s survey on AD&C Financing. The net easing index derived from the survey posted a reading of -22.0 (the

Construction 78

Construction Finance Development Lending 78

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. I've known her for years, after a long run at Bloomberg TV, and am excited about her new opportunity at Yahoo.

Finance 221

Finance Real Estate Development Housing Market 221

Housing Wire

FEBRUARY 6, 2023

UWM originated $128 billion in 2022, per Inside Mortgage Finance estimates. Hubacker said in a statement he will enhance the CFO role and capabilities of UWM’s finance team as a “strategic business partner to the company.” It represented an increase of 51% from the $215.4 million registered in the second quarter of 2022.

Finance 406

Finance Valuation Construction Mortgage 406

Housing Wire

JANUARY 2, 2024

Any one of these indicators points to a housing finance industry ripe for innovation. Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Who knows whether a consumer is financially prepared for financing?

Mortgage 434

Mortgage Modernization Finance Supply Chain 434

Housing Wire

JULY 26, 2023

It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. Those buyers who turn to the new construction market are seeing more available options to snatch up, leading to strong new home sales compared to a year ago,” said Zillow Senior Economist Nicole Bachaud.

Housing Market 370

Housing Market Marketing Construction Inventory 370

Eyes on Housing

NOVEMBER 16, 2022

During the third quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. Read More ›

Development 168

Development Construction Finance Lending 168