Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% compared to July , reaching a seasonally adjusted annual rate of 675,000.

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As-is Sales New Construction MLS 483

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

Finance 347

Finance Industrial Development Mortgages 347

Housing Wire

MARCH 23, 2022

Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage. We’re also developing an algorithm to identify future customers’ personas quickly.

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Finance Loan Officer Loans Lending 273

Housing Wire

NOVEMBER 9, 2023

Gland, who has been with the trade group for 38 years, most recently served as NAR’s head of talent development and resources. Longtime National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement, according to an email sent by CEO Bob Goldberg to NAR members and obtained by HousingWire.

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Development Agents As-is Finance 365

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 320

Finance Mortgages Lending Equity 320

Propmodo

APRIL 28, 2024

In many of the country’s largest cities, like New York City and Philadelphia, neighborhoods that were once affordable became increasingly unaffordable as development and an influx of new residents sent property values soaring. CBDOs are defined as non-profit organizations that work on community development projects in a specific area.

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Development Land Lending Finance 59

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

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Investor Bankruptcy Finance Equity 382

Housing Wire

APRIL 10, 2024

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies. Department of Housing and Urban Development (HUD) in 2013. It also entered into a similar MOU with the U.S.

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Mortgages Finance Development Banks 321

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Tom Selleck, as well as the development of additional products in the space to meet the growing needs of the senior demographic. This year, it’s ‘prevail,’” she said.

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Mortgages Finance Equity Lending 300

Realty Biz

APRIL 12, 2024

The Pennsylvania Housing Finance Agency has unveiled seven projects that will receive $4.5 million in funding for the construction or renovation of mixed-use developments. Pennsylvania Housing Finance Agency administers the Mixed-Use Development Tax Credit Program; its board of directors approved the selected projects earlier today.

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Development Commercial Renovation Finance 78

Housing Wire

JULY 5, 2023

HousingWire Annual is strategically placed in October to bring the greatest minds in housing together. At HW Annual, they will be mapping out their playbooks for the future. The event serves as a starting line for conquering next year. Click the button below to register for the can’t-miss housing event of the season.

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Development Marketing Staging Lending 322

Housing Wire

JANUARY 29, 2021

Over the past six months, mergers and acquisitions, huge financing rounds and public offerings have dominated headlines across the real estate and housing finance sector. This level of action is keeping finance executives like Jeremy Collett , Executive Director, Capital Markets at Guaranteed Rate busier than ever.

Finance 256

Finance Industrial Mortgages Loans 256

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Industrial Seller concession Purchase and sale agreement Agents 498

Brownstoner

DECEMBER 22, 2023

A new 100 percent affordable housing development planned for Rutland Road in East Flatbush dubbed Utica Crescent is moving forward, having secured a new-building permit and construction funding. The Utica Crescent complex is being built with state-financed tax-exempt bonds and subsidies as part of the Vital Brooklyn Initiative.

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Development Construction Finance As-is 115

Housing Wire

APRIL 2, 2024

The goal is to help them develop this territory and use this platform to attract talent – established loan officers, up and coming loan officers,” Steinway said in an interview with HousingWire. “One NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

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Loan Officer Loans Finance Mortgages 361

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

Mortgages 399

Mortgages Finance Loan Officer Equity 399

Housing Wire

APRIL 24, 2024

With its proven ability to develop cutting-edge technological solutions to streamline the HELOC lending process, Figure has cemented itself as one of the most exciting companies in fintech ,” Tannenbaum said in a statement. Tannenbaum will also be a member of the board of directors. He is still on that company’s board of directors.

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Lending Technology Design Finance 346

Marco Santarelli

FEBRUARY 3, 2024

This strategy worked for years, propelling Evergrande to become the world's most indebted property developer, with liabilities exceeding $300 billion. This, coupled with slowing economic growth, put immense pressure on Evergrande's finances. Let's delve deeper into the story of Evergrande's fall and its potential consequences.

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Development Industrial Investor Finance 106

Housing Wire

MARCH 18, 2024

Lennar values the relationship we’ve developed and strengthened with ICE over the years,” Laura Escobar, president of Lennar Mortgage, said in a statement. “We ICE’s mission to digitize and streamline all aspects of the housing finance lifecycle aligns perfectly with our goal to create the world’s simplest path to homeownership.”

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Loans Mortgages Technology Finance 395

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB).

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Finance Technology Loans Industrial 394

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes. The value of all residential real estate worldwide is approximately $200 trillion.

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Finance Principal Residential Development 363

Housing Wire

JANUARY 10, 2024

billion affordable housing and community development investment platform,” according to an announcement from the company. billion affordable housing and community development investment platform,” according to an announcement from the company. “It Downes is looking forward to serving in the new position.

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Development Investor Finance As-is 358

Housing Wire

SEPTEMBER 27, 2023

Builders have been adjusting to the shifting market by lowering prices, and also by offering concessions, upgrades, and relatively more attractive builder financing,” Bright MLS Chief Economist Lisa Sturtevant said on Tuesday regarding new home sales. After experiencing a temporary hiccup between July 2022 to January 2023, the U.S.

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Marketing New Construction Finance Construction 506

Housing Wire

MARCH 5, 2024

The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S. The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S.

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Construction Finance Land Design 435

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. If consumers, Realtors and builders know affordable financing exists for potential buyers, more Americans will have the opportunity to get into a new home.

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Lending Investor Finance Development 346

Realty Biz

OCTOBER 10, 2023

Real estate development offers a wide range of career opportunities. There are diverse paths to explore, from entry-level positions in analysis and project management to specialized roles like Realtor and developer. Continuous learning and skill development are vital for career growth.

Development 89

Development Pre-qualification Industrial Investor 89

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. In 2019, the bank inked one of its biggest deals. billion in assets as of last September.

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Banks Construction Finance Commercial 67

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 368

Mortgages Finance Lending Equity 368

Housing Wire

MARCH 25, 2024

In December, the CHLA sent a letter to regulators and administrators at the Federal Housing Finance Agency (FHFA), the Department of Housing and Urban Development (HUD), the Department of Agriculture (USDA) and the VA warning that homebuyers who must pay broker commissions out of pocket could face further affordability challenges.

Agents 430

Agents VA loan Loans Mortgages 430

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. “It These clients are typically low on funds, which is why they need this type of financing. Potter added: “Government lending would come to a halt. points from the 7.5%

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VA loan Agents Seller concession FHA loan 445

Housing Wire

MARCH 14, 2024

Change is a community development financial institution (CDFI) that is certified by the U.S. Change is a community development financial institution (CDFI) that is certified by the U.S. The transaction is expected to close in May. “We We are excited to expand our impact and better serve our target market borrowers.”

Lending 358

Lending Banks Loans Renovation 358

Housing Wire

MARCH 25, 2024

The report gathers data from market leaders across 13 countries globally with established or developing equity release markets, and [analyzes] growth potential,” the association said in a statement. Living expenses and inflation are two key factors that further communicate the need for equity release products, the organization said.

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Equity Marketing Finance Mortgages 412

Realty Biz

MARCH 25, 2023

As Quattro Development co-founders Rob Walters and Mike Liyeos discovered firsthand, creating your own business is anything but easy. The duo founded the build-to-suit real estate development enterprise Quattro Development in 2008. We thought that financing our first three projects was a very easy checkbox,” Walters says. “We

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Development Equity Finance Industrial 76

Housing Wire

JANUARY 3, 2024

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. The California-based lender delivered a $92.87

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Loan Officer Development Mortgages Investor 367

Housing Wire

APRIL 9, 2024

In the meantime, Rocket developed its patented platform, which the lender claims relies on more than 10 petabytes of proprietary data, 50 million annual call transcripts, deep learning, and generative AI systems. With AI, Rocket can get loans off the balance sheet faster, lowering financing costs. “So,

Loans 394

Loans Technology Mortgages Finance 394

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. decline from 2022, according to Inside Mortgage Finance.

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Lending Loans Renovation Mortgages 370

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. More than 50 mortgage loan officers were let go.

Mortgages 398

Mortgages FHA loan Loan Officer Loans 398