Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. Jumbo loans account for approximately 12% of all loans originated as of February 2022.

Banks 397

Banks Lending Fixed-rate mortgage Construction 397

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The bank eliminated 72 mortgage jobs in Iowa across earlier layoffs.

Banks 370

Banks Loan Officer Loans Lending 370

Housing Wire

SEPTEMBER 7, 2022

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. bank and available to U.S. IPO to continue developing its business operations in Japan, to expand a startup online listing network and for general corporate purposes.

Development 397

Development Land Residential Construction 397

Housing Wire

MARCH 24, 2025

Experts at the summit highlighted that 16% of all new housing activity these days comes from new construction , making builder engagement strategy essential for lenders. If lenders arent actively developing relationships with builders and structuring loan programs to meet this demand, theyre missing a critical opportunity.

Technology 368

Technology Loan Officer Loans Banks 368

Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis. Some feel like homes arent built like they used to be.

Inspection 300

Inspection Mortgages New Construction Equity 300

Housing Wire

APRIL 8, 2021

But as America returns to work, supplies for builders will return to needed production levels, new home construction will continue to rise, and ultimately the supply-demand imbalance will rectify itself. For those in the mortgage banking industry, market corrections are part of the business.

Lending 448

Lending Development Mortgages As-is 448

Housing Wire

JANUARY 31, 2025

Evergreen said in its announcement that it has been “laying the groundwork for Southeast expansion by developing and strengthening key new business segments, including builder partnerships, affinity partnerships, and real estate agent partnerships.” billion in the past 12 months.

Loans 330

Loans Loan Officer Construction Banks 330

Housing Wire

AUGUST 29, 2024

Presidents and board chairs of the 11 Federal Home Loan Banks (FHLBanks), under pressure to pump more money into affordable housing, sent letters to the U.S. These include, among other things, providing more access to the system to Community Development Financial Institutions (CDFIs) and reducing the regulatory burden on its programs.

Banks 435

Banks Finance Development Loans 435

Toronto Realty Blog

APRIL 3, 2025

But if we’re going to have an honest discussion about the issue of developers suing pre-construction condo buyers which is only just beginning in Toronto, we truly are going to kick over the hornet’s nest because I have to ask the obvious question: Who is to blame? You have two choices: buyers or developers.

Construction 73

Construction Development Purchase and sale agreement Banks 73

Housing Wire

APRIL 28, 2023

Jakes, a prominent Black minister who leads a Dallas-based megachurch, will focus on initiatives including affordable housing, small business development and financial education. The partnership represents Wells Fargo’s largest minority home lending and development initiative to date. In December, the bank agreed to pay $1.7

Lending 459

Lending Banks Commercial Development 459

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Loans 468

Loans Investor Banks Finance 468

Housing Wire

APRIL 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Despite signs of economic uncertainty in March, which included news of bank failures, buyers are still showing demand for new homes.” New home sales posted yet another increase in March, rising 9.6% This is the fourth straight month of new home sales increases.

Sales 435

Sales Construction New Construction Principal 435

Housing Wire

JUNE 6, 2023

The Beige Book is a compilation of data and interviews with bank and branch directors, community organizations and economists from on or before May 22. Chicago – Residential construction activity has been down modestly in this District. Minneapolis – Residential construction has remained subdued.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

AUGUST 26, 2024

The median home sales price in late July was $412,300, a slight decrease from the previous three months, yet still 28% above the second quarter of 2020, according to data by the Federal Reserve Bank of St. Build-to-rent developments aren’t the only response to this increase in single-family rental demand.

Marketing 459

Marketing Investor Construction Development 459

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

Marketing 545

Marketing Construction Development Investor 545

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. It also has a niche in construction and manufactured home loan programs.

Lending 457

Lending New Construction Construction Finance 457

Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

Construction 493

Construction Finance Land Design 493

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. In the first week of October, the bank also launched a $1.5 In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 370

Banks Loans Equity Development 370

Housing Wire

SEPTEMBER 5, 2024

SK: Construction lending is extremely complex, and in which banks have traditionally been the dominant players. When you step into construction risk, it’s essential to have a partner that understands the market. We have also been a bridge lender for decades. SK: Nationally, the housing supply is woefully inadequate.

Marketing 476

Marketing Construction Investor Finance 476

Housing Wire

OCTOBER 2, 2024

billion of equity as part of a $3 billion-plus investment to help homebuilders grow inventory, which he describes as an attractive partnership Homebuilder and development lending is a growing part of Pretium’s ecosystem for build-to-rent properties. Mullen shares that the company raised $1.5

Lending 459

Lending Banks Loans Residential 459

Housing Wire

MARCH 16, 2023

Department of Housing and Urban Development (HUD). The pace of new construction had been picking up over the past two years. Completions have outpaced starts since July 2022 and that will likely continue to put downward pressure on the number of single-family homes under construction. Census Bureau and the U.S.

Banks 448

Banks MLS Construction Finance 448

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. The Denver-based fintech made its first mergers and acquisition (M&A) deal in May 2023 when it acquired mortgage solutions provider LenderSelect.

Lending 448

Lending Technology Loans Equity 448

Housing Wire

OCTOBER 24, 2023

He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. and Paramount Bank. ” A spokesperson for loanDepot wrote to HousingWire that the company has a tradition of attracting and developing ‘top-notch talent.’ Gade, 50, was in the Army for 8.5

VA loan 448

VA loan Loans Loan Officer Brokerage 448

Toronto Realty Blog

FEBRUARY 20, 2025

Case in point: some of these guys had never heard of the “occupancy period” that exists in the world of new condominium development. In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. And to be fair, why should they have?

Development 80

Development Purchase and sale agreement Pre-approval MLS 80

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Modern construction finance requires new infrastructure altogether. and Canada. and Canada.

Technology 360

Technology Closing Construction Commercial 360

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. 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 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price.

Renovation 476

Renovation Construction Development Finance 476

Housing Wire

MAY 3, 2023

The hike completes the fastest series of rate increases since the 1980s, as the central bank works to cool the economy and greatly reduce the pace of inflation, which also reached highs not seen in decades. For months, the central bank said it needed to make additional changes before it took its foot off the gas. “The U.S.

Banks 397

Banks Fixed-rate mortgage Loan Officer Mortgages 397

Housing Wire

MARCH 6, 2024

The Beige Book, which was compiled by the Federal Reserve Bank of San Francisco using information gathered on or before Feb. Most expect their pipeline of contracts to keep construction busy through the year. Cleveland: Residential construction contacts reported that demand increased as mortgage rates declined.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

MARCH 15, 2023

Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement.

Construction 397

Construction Banks Land Loans 397

Housing Wire

JULY 18, 2022

Bank, Citi and Bank of America looking to expand the ranks of LOs. WesBanco Bank , the second-largest bank headquartered in West Virginia, plans to hire at about a dozen loan originators in 20 major markets this year. Founded in 1870, the bank has about 65 LOs. PNC Bank is hiring LOs in the New York City region. *

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

APRIL 15, 2024

Lombardo cited data from the Federal Reserve Bank of St. million new housing units are under construction nationwide right now because of it. “Nevadans need more accessible housing, but the rising costs of materials and labor and high interest rates are creating a barrier for Nevadans to achieve their dream of owning a home.”

FHA loan 459

FHA loan Land Principal Development 459

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Mortgages 448

Mortgages Marketing Banks New Construction 448

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” Taken by Felix Mizioznikov. We need to build above 1.1

Land 370

Land Construction Development Finance 370

Housing Wire

MARCH 29, 2023

A coalition of 24 housing organizations, individual leaders and trade groups, led by the National Housing Conference (NHC), are urging President Joe Biden to exempt affordable housing development and repair from the Build America, Buy America Act (BABA) provisions of the Infrastructure Investment and Jobs Act. is facing a 3.8

Development 366

Development Construction Banks Closing 366

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

Construction 418

Construction Purchase and sale agreement Land Investor 418