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. We look to acquire right-sized, financially solid distributed retail companies.” The financial terms of the transaction have not been disclosed.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

FEBRUARY 5, 2024

Before joining OneTrust Home Loans, Hecht served as head of production and executive vice president for national retail lending at Newrez , formerly known as Caliber Home Loans.

Lending 420

Lending Retail Construction Tools 420

Housing Wire

AUGUST 31, 2023

Mars Bank — an independent community bank in Pennsylvania — offers mortgage lending, retail and commercial banking in six locations throughout the state. In its mortgage division, the bank offers construction, purchase loans, home equity loans as well as HELOCs in addition to providing consumer loans, wealth management and merchant services.

Retail 396

Retail Lending Construction Technology 396

GoForrmz

MAY 4, 2021

” — Greg Marshall, CFO, Omega Construction. About Omega Construction Since 1975, Omega Construction has provided pre-construction and construction services to a variety of industries, including hospitality, retail, industrial and distribution, historic preservation, and commercial.

Construction 148

Construction Retail 148

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.

Technology 419

Technology Retail Lending Design 419

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. The terms of the deal were not disclosed. The company had 227 active loan officers and originated $830 million in the last 12 months.

Mortgage 370

Mortgage Retail Loan Officers Construction 370

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. He will focus on product development and building the company’s retail lending network.

Lending 414

Lending Retail Contracts Construction 414

Housing Wire

JULY 19, 2023

Go Mortgage, licensed in 44 states, originates in both the retail and wholesale channels. In the wholesale channel, the Ohio lender is predominantly construction-oriented — filling the niche with mortgage brokers who are trying to provide construction lending solutions.

Mortgage 370

Mortgage Marketing Retail Construction 370

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. With more office workers working from home, this greatly impacts day population counts, which then directly affects retail and hotels in the core urban areas. We had a great discussion!

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

APRIL 15, 2024

Certainly, in the last two years, distributed retail, in particular, has been the primary interest for all the buyers,” Ludden said. “As But in the short term, retail is the place that has the ability to create the most marginal value.” According to him, 20 companies are well positioned for acquisitions right now.

Mortgage 458

Mortgage Retail Buyers Investors 458

Housing Wire

MARCH 8, 2024

Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Average hourly earnings for private-sector employees grew by 0.1%

Transportation 450

Transportation Retail Housing Market Construction 450

Housing Wire

JANUARY 18, 2024

Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year. This week, December’s retail sales report showed strong consumer spending even after adjusting for holiday spending and inflation as policy makers mull rate cuts.

Mortgage 530

Mortgage Inventory Retail Construction 530

Housing Wire

MARCH 10, 2023

The construction sector added 24,000 jobs in February thanks to a large uptick in the specialty trade contractors segment of construction, which gained 13,400 jobs, and residential specialty trade contractors accounted for 11,200 of those jobs. Construction job openings collapsed in January to the lowest level since October 2020.”

Construction 368

Construction Real Estate Housing Market Retail 368

Housing Wire

JULY 20, 2023

Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up. Simultaneously, retail sales improved modestly and industrial production declined on waning demand.

Mortgage 366

Mortgage Construction Inventory Investors 366

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. FoA) months after it shut down its forward mortgage segment.

Retail 369

Retail Renovations Loan Officers Lending 369

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

SEPTEMBER 2, 2022

Construction gained 16,000 jobs in August, with residential building gaining 2,300 jobs and residential specialty trade contractors gaining 8,600 jobs. Heavy and civil engineering construction, meanwhile, lost 2,000 jobs. “The increase in the unemployment rate largely reflects more workers entering the workforce.”.

Real Estate 421

Real Estate Construction Retail Housing Market 421

Housing Wire

OCTOBER 24, 2023

Regarding his transition from the retail to the wholesale channel, Gade said the broker channel doesn’t have “different layers of management and oversight between the originator and the company,” which results in savings passed on to the buyer.

Loan Officers 421

Loan Officers Brokerage Retail Construction 421

Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. Through its origination business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs). Bankruptcy Court for Delaware.

Mortgage 370

Mortgage Retail Business Lending 370

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 441

Construction Retail Law Inventory 441

Housing Wire

DECEMBER 2, 2022

Employment in the construction industry was up by 20,000 jobs from October, thanks to large gains in nonresidential building (up 8,200 jobs) and residential specialty trade contractors (up 6,500 jobs). Meanwhile, 4 million people quit their jobs during the month, looking for better employment.”.

Transportation 421

Transportation Real Estate Construction Retail 421

Housing Wire

FEBRUARY 28, 2024

Ellington leadership expects Q1 2024 to be another slow period for originations, but noted that more constructive margins are improving the odds that originations will become profitable later this year and begin contributing to the company’s adjusted distributable earnings.

Mortgage 419

Mortgage Investors Retail Business 419

Housing Wire

JUNE 8, 2023

These mortgage leaders’ experience spans from retail to affordable housing to new construction. These women include Terri Davis, founding partner and executive advisor for ALE-Advisors , Cindy Keith, chief strategy officer at NFM Lending and Jennifer Hedgepath, executive vice president and chief operating officer at DHI Mortgage.

Retail 380

Retail Business Construction Tools 380

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. Read More ›

Retail 136

Retail Construction Business Marketing 136

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. The investment will also aide in the development of adjacent affordable housing and health clinics in Central America, the company said in a statement this week.

Investing 397

Investing Mortgage Development Retail 397

Housing Wire

JUNE 3, 2022

Employment in retail trade declined. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but retail trade took a big hit. Job openings in construction and manufacturing have picked up recently. Months are homes under construction 0.8 Ghost Supply 2.2

Construction 527

Construction Retail Transportation Marketing 527

Housing Wire

FEBRUARY 12, 2024

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

Lending 420

Lending Renovations Construction Finance 420

Housing Wire

JANUARY 30, 2024

The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. These flexible services can attract and retain a modern set of residents who are used to flexible models and digital payment options on their favorite retail sites and online banking platforms.

Property Management 435

Property Management Marketing Real Estate Technology 435

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS).

Mortgage 421

Mortgage Loan Officers Construction Retail 421

Housing Wire

APRIL 27, 2021

But for DivcoWest the single-family rental markets represents a shift from the San Francisco company’s general focus on office, retail, industrial, and multifamily spaces. Also, less than a year ago JPMorgan Chase pledged $625 million to American Homes 4 Rent for construction of 2,500 single-family rentals in the Southeast and West.

Real Estate 370

Real Estate Renovations Inventory Retail 370

Housing Wire

FEBRUARY 15, 2023

Click n’ Close, which rebranded from Mid America Mortgage in June 2022 after selling the majority of its retail lending operations, serves consumers and mortgage originators through its wholesale and correspondent channels.

Mortgage 284

Mortgage Retail Insurance Technology 284

Housing Wire

MAY 24, 2023

retail residential mortgage applications. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6%

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Housing Wire

APRIL 28, 2022

It made way for the creation of 450 new jobs after the construction ended in summer 2021. Meanwhile, Steve Runnels is holding the role of vice president of retail sales, east division. At the time of the announcement, the lender had 1,300 employees. According to NMLS data, it has 681 LOs.

Mortgage 368

Mortgage Loan Officers Retail Construction 368

Housing Wire

JUNE 22, 2023

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Business 370

Housing Wire

MARCH 28, 2022

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 Logan Mohtashami: The recent economic data has been solid such as retail sales. What does this mean for first-time homebuyers? months on a 3-month average.

Housing Market 369

Housing Market Marketing Supply Chain Inventory 369

Housing Wire

APRIL 28, 2021

Family-owned Thrive has retail operations in Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana. “We Veritex Holdings , which has a long history of making acquisitions, will pay $53.9 million for its piece of Thrive, valuing the Georgetown, Texas-headquartered company at roughly $110 million.

Mortgage 370

Mortgage Lending Investing Retail 370

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. Of note, as you can see below, this is an excellent report on construction job growth. percentage point to 4.2 percent, the U.S. unemployment rate!

Marketing 473

Marketing Retail Transportation Construction 473