FHA loan Loans New Construction Sales 
Housing Wire
SEPTEMBER 22, 2023
However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. So, the servicing valuation on those loans is strong, because pre-payments are low.
McKissock
MAY 6, 2022
New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Be careful as you choose comparable sales.
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Housing Wire
DECEMBER 12, 2023
This phenomenon becomes clearly apparent when compared to existing home sales, for which these buydowns are very rare. As shown in the chart below, existing and new home sales for the 19 largest home builders had roughly the same note rates until January 2022. As of July 2023, the gap had slightly narrowed to 0.8 2022 to Dec.
Realtor.com
JANUARY 11, 2023
Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.
Housing Wire
FEBRUARY 1, 2023
FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” It varies a little bit based on loan amount and interest rate but … a pretty good rule of thumb is a [2-1] buydown will typically cost the seller about 2.25
Housing Wire
AUGUST 15, 2023
With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% of purchase applications came from the FHA , the highest share since May 2020. “FHA from 60,000 new home sales in June.
Housing Wire
OCTOBER 21, 2020
He said as builders work to replenish the supply with new homes, the most recent census data shows a 1.1 million annualized pace for new construction — the highest level since 2007. Walsh said that as more loans fall into the seriously delinquent bucket, servicer costs could rise.
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