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 441

Loans Investor Banks Finance 441

Housing Wire

MARCH 21, 2024

The silver lining, however, is that builders have picked up their pace of construction. banks in comparison to international standards. (FDIC) and the Office of the Comptroller of the Currency (OCC) in July 2023 – boosted capital requirements for residential mortgage portfolios at large U.S.

Industrial 426

Industrial Banks Residential Lending 426

Housing Wire

DECEMBER 7, 2023

Flagstar offers a broad product set including agency, non-agency, construction products and HELOCs. It also provides subservicing , mortgage finance, i.e., warehouse , MSR and servicing advance lending, as well as cash and treasury management services. “We

Lending 332

Lending Banks Technology Mortgages 332

Eye on Housing

MARCH 30, 2023

According to NAHB analysis of Federal Deposit Insurance Corporation (FDIC) data, large banks (assets greater than $10 billion) have increased their share of the residential construction loan market above pre-Great Recession levels in recent years. The majority of 1-4 residential construction loans are still.

Residential 69

Residential Construction Banks Loans 69

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 357

Technology Closing Construction Commercial 357

Housing Wire

JULY 7, 2023

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. But its bridge loan and fix-and-flip loan pipeline is down 40% over that same time period.

Marketing 370

Marketing Lending Banks Loans 370

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 Finance 370

Housing Wire

JUNE 7, 2023

“Christine is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces,” said Matt Rocco , the 2023 MBA chairman and president of Colliers Mortgage.

Commercial 370

Commercial Finance Lending Mortgages 370

Housing Wire

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

Construction 384

Construction Banks Finance Loans 384

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex is one of Texas’ largest banks, with $8.8 billion purchase of Caliber Home Loans , New York Community Bank ‘s pending $2.6 It posted net income of $31.8

Mortgages 370

Mortgages Lending Banks Loans 370

Housing Wire

SEPTEMBER 29, 2023

Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer 410

Loan Officer Mortgages Fixed-rate mortgage Loans 410

Housing Wire

DECEMBER 1, 2021

McCord’s penalty is dwarfed by the $95 million that Cauthron found he cost local banks, financial institutions and homeowners, during his sentencing in the Western District of Oklahoma on Monday. As the housing market changes, so does lending fraud. According to McCord, he made false statements to CapLOC in an attempt to seal the deal.

Mortgages 544

Mortgages Lending Banks Loans 544

Housing Wire

JULY 19, 2023

Chikonde is a vice president and director of capital markets with Dart Bank , a position she held since August 2022. 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.

Mortgages 370

Mortgages Marketing Lending Construction 370

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Loans 375

Loans Finance Residential Investor 375

Housing Wire

AUGUST 25, 2023

million) and Wells Fargo Bank ($1.1 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). million, court pleadings show.

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

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

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Marlin could sell condos for $2,000/sqft in pre-construction right now.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Realty Biz

JUNE 19, 2022

Green construction is a hot topic right now. But what is green construction? In this blog post, Vikki Gerrard La Crosse will discuss the truth about green construction. What Is Green Construction? Green construction is a term used to describe buildings designed and built in an environmentally responsible way.

Construction 81

Construction Renovation Finance Lending 81

Eye on Housing

AUGUST 3, 2023

According to the Federal Reserve Board’s July 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the second quarter of 2023—banks reported that lending standards tightened for all residential real estate (RRE) and commercial real estate (CRE) loan categories. Moreover, banks expect their lending.

Lending 98

Lending Banks Loan Officer Commercial 98

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. “We do not see new construction returning in a meaningful way any time soon. About 9.1%

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

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. According to projections from central bank officials, rates would be slashed to a median 4.6% 12 compared to a week earlier. The Fed next meets on Jan.

Fixed-rate mortgage 530

Fixed-rate mortgage Mortgages New Construction Construction 530

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. Over the month, a job gain in real estate and rental and leasing (+12,000) partially compensated for a loss in commercial banking (-3,000).

Marketing 369

Marketing Residential Construction Commercial 369

Realty Biz

MARCH 21, 2024

The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Wells Fargo Bank (Wells Fargo) tomorrow for a groundbreaking ceremony for Felician Village II, a three-story, 66-unit housing complex for those aged 55 and over. million in AHP grants offered by FHLB Dallas to its member banking institutions in 2023.

Banks 97

Banks Construction Finance Development 97

Housing Wire

MARCH 29, 2023

Pending home sales are likely to increase in March given the increase in mortgage applications and decrease in mortgage rates, owing in large part to the bank runs that jarred financial markets for much of the month. Pending sales in the West – where home values are falling, but not enough to offset high costs of financing – declined 2.4%

Sales 306

Sales MLS Construction Banks 306

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 384

Mortgages Loans Residential Equity 384

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.

Mortgages 421

Mortgages Marketing Banks New Construction 421

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Builders must carefully evaluate their budgetary constraints, projected timelines, and construction plans.

Loans 108

Loans Finance Construction Commercial 108

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 450

Renovation Construction Development Finance 450

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. For example, it is common for conservation boards to ask builders to put up siltation fences during construction. Financing Hurdles Financing land can be tricky.

Land 126

Land Due diligence Title search Finance 126

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

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

JUNE 22, 2023

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). Its BPL business originates about $30 million in volume every month, according to the firm.

Loan Officer 370

Loan Officer Mortgages Loans Lending 370

Housing Wire

APRIL 28, 2022

UHM is the 49th-largest mortgage lender in the country, according to Inside Mortgage Finance. It made way for the creation of 450 new jobs after the construction ended in summer 2021. Flagstar Bank , one of the nation’s largest depository lenders, revealed that it has cut 20% of its mortgage staff since the beginning of the year.

Mortgages 370

Mortgages Loan Officer Residential Loans 370

Housing Wire

SEPTEMBER 20, 2023

Most investors are already wondering what it would take for the central bank to lift rates again later this year. In the housing sector, the combined impact of higher rates and higher home prices drove the cost of financing a home up more than $400, or 22.5%, from a year ago. a year earlier.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Investor MLS 450

Housing Wire

APRIL 15, 2024

On average, independent mortgage banks (IMBs) lost $2,109 per loan in Q4 2023, the MBA reported. We can still see decent conditions in the mortgage market,” he added, noting some constructive signs from homebuilders that point to the fact that affordability is tight.

As-is 458

As-is Industrial Mortgages Loans 458

Housing Wire

JANUARY 5, 2021

The Housing Policy Council has weighed in on the Conference of State Bank Supervisors’ new proposed standards for nonbank mortgage servicers. And now HPC, headed by former Federal Housing Finance Agency President Edward DeMarco, is adding its voice to the comments. “In

Mortgages 396

Mortgages Banks Commercial Technology 396

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.

Construction 534

Construction Closing costs Renovation Title 534