Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde is a vice president and director of capital markets with Dart Bank , a position she held since August 2022.

Mortgage 342

Mortgage Marketing Retail Construction 342

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. However, housing affordability worsened.

Inventory 377

Inventory Housing Market Marketing Construction 377

Housing Wire

FEBRUARY 14, 2024

is expected to expand the retail lender’s presence in Western states and also bring in expertise with builder products, Guild CEO Terry Schmidt said in an exclusive interview with HousingWire. The acquisition of Academy’s retail assets is scheduled to close by the end of February. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Retail 394

Retail Mortgage Loan Officers Construction 394

Housing Wire

MAY 24, 2024

In his new role, Thompson will also be responsible for driving growth and expanding the company’s market presence while fostering relationships with real estate partners. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 327

Mortgage Renovations Loan Officers Retail 327

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. We look to acquire right-sized, financially solid distributed retail companies.”

Retail 391

Retail Mortgage Lending Renovations 391

Housing Wire

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. .”

Loan Officers 382

Loan Officers Mortgage Retail Lending 382

Housing Wire

AUGUST 31, 2022

Tricon is contributing to a nationwide surge in single-family build-for-rent (SFBFR) construction. An analysis by the National Association of Home Builders (NAHB) found that there were some 21,000 SFBFR construction starts across the country during the second quarter of 2022, up 91% from the same period in 2021. in July and by 2.1%

Marketing 369

Marketing Supply Chain Construction Development 369

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. The lender also brought over 45 former retail branches from Finance of America Companies Inc. FoA) months after it shut down its forward mortgage segment.

Retail 335

Retail Mortgage Lending Renovations 335

Housing Wire

AUGUST 28, 2023

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment. Originations came in at $4.45

Mortgage 344

Mortgage Retail Loan Officers Construction 344

Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. At the same time, the data suggests several benefits for early adopters.

Property Management 336

Property Management Marketing Real Estate Technology 336

Housing Wire

FEBRUARY 4, 2022

“Labor force participation rate is important because a labor market with low unemployment and low participation means many Americans are not participating in the economy or contributing to its growth,” Kushi said in a statement. “A A low unemployment rate and a high participation rate signals a healthy labor market.”.

Supply Chain 392

Supply Chain Construction Inventory Retail 392

Housing Wire

JUNE 6, 2023

Boston – Contacts around the District attribute the still-low sales numbers to low inventories more than to weak demand, as slightly lower mortgage rates have helped bring more buyers to the market. New York – The residential sales market has been strong across the District.

Real Estate 418

Real Estate Inventory Construction New Listings 418

Housing Wire

DECEMBER 29, 2021

A bullish housing market. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been.

Housing Market 523

Housing Market Marketing Construction Mortgage 523

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. “Our basic strategy for growth has always been organically, getting into markets one by one. “Now and then, something will pop up.

Retail 333

Retail Mortgage Loan Officers Business 333

Housing Wire

DECEMBER 3, 2021

Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month. During this recovery, a big theme of my jobs and labor market analysis was that job opening should get to 10 million plus. percentage point to 4.2

Marketing 425

Marketing Retail Transportation Construction 425

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Technology 339

Technology Retail Lending Design 339

Housing Wire

MARCH 28, 2022

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5 Inventory has been falling for years.

Housing Market 310

Housing Market Marketing Supply Chain Inventory 310

Housing Wire

MARCH 8, 2024

Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said. Job openings were essentially unchanged at 8.9

Transportation 413

Transportation Retail Housing Market Construction 413

Housing Wire

JANUARY 18, 2024

11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. The 30-year fixed-rate mortgage averaged 6.6%

Mortgage 527

Mortgage Inventory Retail Construction 527

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . We do so by attending commercial real estate events to gain insight and stay up-to-date on the current market trends. Bank, John Rent of Wells Fargo and Scott Swenson of Drake Bank.

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Hagen believes that rates below 6.25% would be supportive of the market.

Mortgage 425

Mortgage Retail Buyers Investors 425

Housing Wire

JANUARY 31, 2023

billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients. Almost three months after Finance of America Mortgage shut down, Reich brought over 21 retail branches to form his own retail division at Go Mortgage. In-house is key.

Mortgage 361

Mortgage Loan Officers Retail Finance 361

Housing Wire

SEPTEMBER 2, 2022

“The August jobs report revealed that while the labor market remains quite strong, with employment growth still above a sustainable pace; however, that pace is slowing,” Mike Fratantoni, the chief economist at the Mortgage Bankers Association, said in a statement. Heavy and civil engineering construction, meanwhile, lost 2,000 jobs.

Real Estate 387

Real Estate Construction Retail Housing Market 387

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market. in January to 3.6%

Construction 296

Construction Real Estate Housing Market Retail 296

Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

Construction 433

Construction Retail Law Inventory 433

Housing Wire

JULY 20, 2023

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 6.78% as of July 20, down from last week ’s 6.96%. Simultaneously, retail sales improved modestly and industrial production declined on waning demand.

Mortgage 290

Mortgage Construction Inventory Investors 290

Housing Wire

DECEMBER 2, 2022

With one month to go before the year’s end, labor markets remain in a solid position,” George Ratiu, Realtor.com’s senior economist, said in a statement. According to the report, construction has added an average of 19,000 jobs per month thus far this year, little different from the 2021 average of 16,000 per month.

Transportation 396

Transportation Real Estate Construction Retail 396

Appraisal Buzz

JUNE 11, 2024

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. Census Bureau, the nation’s manufactured housing market provides affordable housing to nearly 6.7 Thompson. “I

Finance 390

Finance Real Property Design Lending 390

Housing Wire

FEBRUARY 15, 2023

California-based retail lender American Pacific Mortgage (APM) has made leadership changes while continuing to eye expansion in the Midwest and Southeast. The lender also brought over 45 former retail branches from Finance of America Companies Inc. We went into this declining market prepared to take advantage of it,” Lowman said.

Retail 305

Retail Renovations Loan Officers Lending 305

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

Marketing 447

Marketing Mortgage Supply Chain Inventory 447

Housing Wire

SEPTEMBER 3, 2021

“Also, this was the first time in six months that leisure and hospitality hiring did not show a gain and the second month in a row that retail trade saw a decline,” he said. Average hourly earnings in construction are up nearly 4% on a year-over-year basis in August. “Overall payroll employment is still 3.5%

Construction 332

Construction Retail Business Mortgage 332

Eyes on Housing

APRIL 1, 2022

The labor market recovery is continuing, as employment in some sectors, such as professional and business services, financial activities, and retail sectors, is now above pre-pandemic levels. Construction industry employment (both residential and non-residential) totaled 7.6 million and has returned to its.

Retail 174

Retail Construction Business Marketing 174

Eppraisal

APRIL 28, 2023

Small retailers, for instance, paying rents on spaces that were now seldom visited, considered selling out of the house as an alternative. Expanding a House to Include a Store There are several considerations to address when creating retail space at your residential property. Living at home during construction 5. Permitting 3.

Retail 36

Retail Business Design Home Value 36

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. It also has a niche in construction and manufactured home loan programs. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 324

Lending Renovations Construction Finance 324

Housing Wire

JUNE 3, 2022

Employment in retail trade declined. A tighter labor market is a good thing, I always say; this means people with less educational backgrounds can get employed as we do have many jobs that don’t require a college education. Job openings in construction and manufacturing have picked up recently. The inverted yield curve.

Construction 518

Construction Retail Transportation Marketing 518

Housing Wire

JUNE 23, 2023

This organizational change represents a recognition of the critically important role that manufactured housing plays in our country’s housing market,” said Gordon. The office will work to accelerate manufactured housing in order to help address the nation’s inventory issues.

Supply Chain 373

Supply Chain Design Modernization Retail 373

Housing Wire

JUNE 8, 2023

In this tight market cycle, strategic operational decisions can be the difference between success and failure. At HousingWire Annual 2023, attendees will get the inside scoop on the strategies that operational leaders, like Sarah Gonzalez, rely on to grow their businesses in any market. How are you driving your LOs to up their game?

Retail 300

Retail Business Construction Tools 300