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Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Yet help might be on the way.

Business 403
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Opinion: Why we should implement a mortgage marketplace model

Housing Wire

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. To our way of thinking, the model that suits modern mortgage lending to a ‘T’ is the marketplace model.

Mortgage 359
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Built Technologies closes $88 million Series C funding round

Housing Wire

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.

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Biden’s plan to fix housing supply depends on Congress

Housing Wire

Another provision, originally floated in Biden’s 2023 budget , would give HUD $25 billion to distribute to state and local housing finance agencies, their partners, tribes and territories, for developing housing of “modest density,” or less than 100 units. The measure would stop short of financing land purchases, however.

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Has your banking partner come of age?

Housing Wire

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 323
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Bipartisan lawmaker group introduces new affordable housing bill

Housing Wire

Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years. A bipartisan group of legislators from the U.S. LaHood in a statement.

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How lenders can continue to serve borrowers despite housing affordability challenges

Housing Wire

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices.

Finance 343