Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Lending 359

Lending Technology Loans Equity 359

Housing Wire

MARCH 20, 2024

It went on to state that independent mortgage banks, community banks and credit unions have shown interest in product pricing engines (PPEs) that allow them to price and make decision on nonqualified (non-QM) mortgages, reverse mortgages, fix-and-flip loans, construction loans or portfolio lending products.

Lending 341

Lending Mortgages Technology Banks 341

Inman

MARCH 24, 2023

Fannie Mae economists say jumbo mortgages and construction loans could get more scarce if regional banks tighten lending standards.

Banks 138

Banks Lending Construction Loans 138

Housing Wire

JANUARY 18, 2024

However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist. 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.

Fixed-rate mortgage 526

Fixed-rate mortgage Mortgages New Construction Construction 526

Housing Wire

DECEMBER 7, 2023

Flagstar offers a broad product set including agency, non-agency, construction products and HELOCs. Flagstar’s partners benefit from its dedicated, hands-on, experienced account executives — who have an average tenure of 12-plus years — and direct access to Flagstar’s sales support operations team, including underwriting.

Lending 301

Lending Banks Technology Mortgages 301

Housing Wire

JUNE 5, 2024

Focus on areas that are desirable, turn over at a reasonable rate, have low average days on the market, and a good average sale price. What’s the average sale price in the areas you work in? Know what’s driving sales in your market. Is there new construction in your market? Where are all the price reductions happening?

Pre-approval 333

Pre-approval Fixed-rate mortgage New Construction Loans 333

Housing Wire

AUGUST 5, 2022

Construction gained 32,000 jobs in July, with residential building gaining 2,900 jobs and residential specialty trade contractors gaining 11,200 jobs. Employment in the construction sector is now 82,000 jobs higher than in February 2020. A year ago there were nearly 300,000 workers at mortgage banking firms.

Construction 401

Construction Residential Banks Mortgages 401

Housing Wire

OCTOBER 24, 2023

years and did some other sales jobs before joining the mortgage space about a decade ago. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. and Paramount Bank. In terms of products, Gade said he will have the opportunity to access VA construction loans at UMortgage.

VA loan 411

VA loan Loans Loan Officer Brokerage 411

Housing Wire

JULY 14, 2023

The Maine state agencies filed the lawsuit, Franklin Savings Bank v. Bordick , under the federal Truth in Lending Act (TILA) on behalf of a couple that took out a mortgage in 2008 in order to purchase land for the construction of a new home.

Mortgages 301

Mortgages Commercial Banks Loans 301

Housing Wire

JULY 7, 2023

ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors. But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-and-flip or a bridge loan than in past years.

Marketing 348

Marketing Lending Banks Loans 348

Toronto Realty Blog

APRIL 8, 2024

of Torontonians had never heard of Bjarke Ingels, and that there was no reason why people should be paying $2,000 per square foot for a pre-construction project simply because it has his name on it. This project began sales not too long ago and I was sent an information package by real estate agents, blog readers, and clients alike.

Construction 76

Construction Development Design As-is 76

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

Due diligence 359

Due diligence Marketing Mortgages New Construction 359

Toronto Realty Blog

JULY 4, 2023

TorontoRealtyBlog Do you remember the good old days of pre-construction condominiums? I remember when, among other things, you could purchase a pre-construction condo with a mere 5% deposit. That was the reason to buy pre-construction condos back in 2004, not to mention that absurd 5% deposit structure. And that was it.

Construction 76

Construction Development Brokerage Equity 76

Housing Wire

JUNE 29, 2023

“Mortgage rates have hovered in the 6% to 7% range for over six months and, despite affordability headwinds, homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Sam Khater, Freddie Mac’s chief economist in a statement. by year-end.”

Mortgages 352

Mortgages New Construction Investor Construction 352

Real Trends

MARCH 29, 2023

Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011. The post Opinion: will we see massive price drops in new construction? Buyers face the question of price versus value.

New Construction 89

New Construction Construction Banks Development 89

Housing Wire

JULY 19, 2023

Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales. Chikonde is a vice president and director of capital markets with Dart Bank , a position she held since August 2022. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgages 357

Mortgages Marketing Lending Construction 357

Housing Wire

SEPTEMBER 23, 2021

The central bank has said it would adjust its $120 billion in monthly purchases of U.S. If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted,” the bank said. “The But that has not stopped hopeful homebuyers searching.

Mortgages 438

Mortgages Fixed-rate mortgage Construction Banks 438

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

Lending 354

Lending Technology Mortgages Construction 354

Housing Wire

SEPTEMBER 22, 2022

Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% We do not see new construction returning in a meaningful way any time soon. Existing home sales declined for seven consecutive months in August, declining 0.4%

Mortgages 407

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 407

Housing Wire

SEPTEMBER 29, 2023

Instead of Mary and Bob Smith buying a place, it’s Mary and Bob Smith and Bob’s mom,” said Dominic Carlucci, sales manager at CMG Home Loans. “We’re We’re bringing her into the fold because in central New Jersey, North Jersey, it’s expensive to live here.”

Loan Officer 401

Loan Officer Mortgages Fixed-rate mortgage Loans 401

Realtor.com

MARCH 8, 2021

Instead, you might need a construction loan. In this installment from our Guide to Building Your Own Home , we’ll cover everything you need to know about construction loans. What is a construction loan? This down payment is based on the combined cost of the land and estimated construction costs. For instance?

Loans 120

Loans Construction Land Finance 120

Housing Wire

MAY 4, 2023

This week, mortgage rates inched down slightly amid recent volatility in the banking sector and commentary from the Federal Reserve on its policy outlook,” Sam Khater , Freddie Mac’s chief economist, said in a statement. Due to limited options available on the market, buyers are increasingly turning to newly constructed homes, Xu added.

Mortgages 369

Mortgages Loans Residential Equity 369

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. They are the owner and seller.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

NOVEMBER 23, 2021

The cost gap also thwarts construction and development of modest homes, limiting the availability of affordable homes for first-time and first-generation homebuyers. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price.

Renovation 419

Renovation Construction Development Finance 419

Housing Wire

SEPTEMBER 22, 2023

While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. That’s very low historically.

FHA loan 429

FHA loan Bankruptcy Marketing Loans 429

Housing Wire

JANUARY 11, 2023

Figure Technologies, founded in 2018 by Mike Cagney, planned to merge with a mortgage bank to bring blockchain tech to the financial institution through a blank check company, Figure Acquisition Corp. “The effective use of technology allows us to accomplish this.

Lending 411

Lending Mortgages Marketing Loans 411

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

Loans 390

Loans Renovation Construction Mortgages 390

Propmodo

OCTOBER 31, 2023

Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. The first change is that a new type of lender has stepped in to fill the void left by regional banks. Unlike banks, these lenders are not constrained by Dodd-Frank regulations and do not have to worry about a run on deposits.

Lending 113

Lending Commercial Banks Construction 113

Housing Wire

AUGUST 16, 2022

The company, led by Alan Qureshi , says its self-service technology is “able to replicate any investor pricing and modeling construct in real time to provide a unique solution tailored to its clients, including private equity investors and investment banks.”

Technology 310

Technology Equity Investor Construction 310

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, It made way for the creation of 450 new jobs after the construction ended in summer 2021.

Mortgages 321

Mortgages Loan Officer Residential Loans 321

Housing Wire

APRIL 19, 2021

A number of these loans may be held in bank portfolios, where it is up to the bank’s discretion to offer relief it feel is most appropriate. The MBA defines loan deferral/repayments as payments that were not made by the borrower that are moved to the end of the loan term to be paid upon home sale, refinance or at maturity.

Loans 358

Loans Banks Construction Investor 358

Realtor.com

MAY 10, 2021

Analysts and economists say the slowdown is a reflection of the exceptional challenges construction firms are facing in sourcing building materials. Employment in the broader construction sector was flat in April, according to figures released Friday by the Bureau of Labor Statistics. It’s a shift from earlier in the pandemic.

Construction 62

Construction Residential Industrial Sales 62

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. From a consumer protection standpoint, it’s a bit of a Wild West,” said Jenny Song, principal at Navitas Capital , a real estate and construction technology-focused venture capital firm.

Equity 390

Equity Finance Purchase and sale agreement Investor 390

Housing Wire

APRIL 15, 2024

On average, independent mortgage banks (IMBs) lost $2,109 per loan in Q4 2023, the MBA reported. But higher rates can impact gain-on-sale margins and production forecasts. If sellers wait, their business valuations could remain relatively stable or come down. Each quarter that they move forward is closer to recovery.

As-is 435

As-is Industrial Mortgages Loans 435

Housing Wire

MAY 10, 2023

According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline. He also anticipates new and existing home sales to bottom out in 2023 before rising again in 2024.

Closing 360

Closing MLS Construction Residential 360

Housing Wire

MARCH 26, 2024

For those individuals that are considering selling in the current real estate market , it is important to stress to them that they have several paths that can be taken to find their new home while also not breaking the bank.

Equity 418

Equity Loans Bankruptcy New Construction 418

Housing Wire

SEPTEMBER 27, 2022

Over the weekend, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said, “We are going to do all that we can at the Federal Reserve to avoid deep, deep pain.” New home sales are coming this week, and the monthly supply data is too big to have any new construction being built. months in construction.

Banks 460

Banks Construction As-is Marketing 460