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 328

Marketing Residential Construction Commercial 328

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 298

Loans Finance Residential Investor 298

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 261

Technology Closing Construction Commercial 261

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

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 368

Mortgages Lending Banks Loans 368

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Due to limited options available on the market, buyers are increasingly turning to newly constructed homes, Xu added.

Mortgages 381

Mortgages Loans Residential Equity 381

Eye on Housing

MAY 12, 2023

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

Lending 118

Lending Commercial Residential Loans 118

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. Read More ›

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 420

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 420

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, UHM is the 49th-largest mortgage lender in the country, according to Inside Mortgage Finance.

Mortgages 345

Mortgages Loan Officer Residential Loans 345

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

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). In 2022, AmeriFirst closed $2.5

Loan Officer 359

Loan Officer Mortgages Loans Lending 359

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

Propmodo

APRIL 23, 2024

C-PACE deals have risen recently in lock-step with Federal Reserve rate increases that have slowed the pace of commercial bank lending. Commercial Property Assessed Clean Energy is a sustainable financing mechanism state policy enables. The green financing idea has come a long way since then.

Lending 61

Lending Commercial Finance New Construction 61

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

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Zoning determines land use, such as residential, commercial, or agricultural. For example, it is common for conservation boards to ask builders to put up siltation fences during construction.

Land 126

Land Due diligence Title search Finance 126

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 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. Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states.

Residential 431

Residential Construction Finance Sales 431

Eye on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

Loans 122

Loans Loan Officer Commercial Lending 122

Broke Agent Media

MAY 10, 2023

Regarding the residential real estate market, Yun forecasts that mortgage rates will drop to around 6% by the end of 2023 and below 6% in 2024. Lawrence Yun, NAR’s Chief Economist, took to the stage to discuss the current real estate market, and what he forecasts for the residential and commercial real estate markets.

Commercial 75

Commercial Marketing Residential Banks 75

RIS Media

JUNE 6, 2021

Getting a loan for land is a smart move, especially when you will not be constructing your home right away. Procuring land financing is a great way to make your purchase on time. Let’s take a look at everything you need to know about acquiring a land loan, so your financing is an easy, carefree process.

Land 122

Land Loans Debt-to-income ratio Construction 122

Realty Biz

AUGUST 3, 2021

Silverton Mortgage , a leading direct residential mortgage lender, announced its newest partnership with clover & hive , a new home builder that offers a modernized and simplified approach to home buying with pricing starting in the low $300s. Vanderbilt Mortgage and Finance, Inc., of Banking, Rhode Island Licensed Lender.

Mortgages 103

Mortgages Residential Loans Banks 103

Marco Santarelli

NOVEMBER 1, 2023

The central bank has indicated that it will maintain elevated borrowing costs well into 2024 to combat inflation. However, this move is expected to lead to declines in construction and overall housing market activity. However, financing costs are likely to remain elevated compared to recent norms.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Realty Biz

AUGUST 29, 2023

We will provide the best tips to ensure a smooth construction process. Understanding the Construction Process When embarking on the journey of building a new house, it is crucial to have a solid understanding of the construction process. Buying new construction can be exciting but quickly become a nightmare.

Construction 93

Construction Inspection Design Land 93

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 374

Banks Fixed-rate mortgage Lending Construction 374

McKissock

JANUARY 6, 2023

Most of these positions are offered by banks and credit unions, but AMCs also have similar roles. The top five non-QM lending companies (according to Scotsman Guide) are Fairway Independent, Angle Oak lending, Guaranteed Rate, CoreVest Finance, and Acra Lending. The VA, Freddie Mac, Fannie Mae, Ginnie Mae, HUD/FHA, USDA, and U.S.

Lending 74

Lending Land Commercial Inspection 74

McKissock

MAY 10, 2023

Or you were a home inspector and/or are familiar with construction, major components, and mechanicals. Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. No one really understands the real need for appraisers.

Banks 86

Banks Property Management Commercial Land 86

Realty Biz

APRIL 8, 2022

Over time, the investigation found design failures, shoddy construction, damage, and neglect that created the perfect conditions for a deadly chain reaction. If they can find a bank, credit union, or private lender willing to hold the loan, it will come with a much higher interest rate. Please leave your comments.

Finance 73

Finance Loans Construction Property Management 73

The Close

JUNE 22, 2023

Many people, even real estate agents, don’t realize that there are actually three real estate submarkets happening in the residential space at the same time. Distressed properties include homes that have been neglected for years, have fire or flood damage, and bank-owned homes with no plumbing (because the copper was stolen).

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

Realty Biz

SEPTEMBER 23, 2023

Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. We will cover the difference between prequalification and pre-approval and provide information on down payment and financing options.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

Housing Wire

APRIL 28, 2023

Over the next 10 years, the partnership could result in “up to $1 billion” in capital and financing from Wells Fargo and grants from the Wells Fargo Foundation, the companies said. Jakes Real Estate Ventures began purchasing the site in 2022 to create commercial and residential spaces.

Lending 417

Lending Banks Commercial Equity 417

Redfin

MARCH 29, 2021

Buying land involves a different set of considerations than buying a residential property. How will you finance the land? . One of the most important things to consider when buying land is how you will finance it. One of the most important things to consider when buying land is how you will finance it.

Land 66

Land Purchase and sale agreement Finance Development 66

Housing Wire

JULY 27, 2023

After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. million units last month , supply is mostly coming from multifamily rental construction. Powell also said more supply was coming.

Construction 369

Construction Mortgages Sales Banks 369

Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. Some regional banks working in the space collapsed due to a tightening monetary policy and a deposit run. Jumbo production fell to $377.9

Banks 357

Banks Loans Mortgages Lending 357

HomeLight

JULY 25, 2022

And, even a home built with quality construction can fall into disrepair over decades or within an instant after a catastrophic weather event or other event tests or compromises its integrity. In addition, the Appraisal Institute offers advanced credentialing such as MAI, SRPA, SRA, AI-GRS, and AI-RRS designations in residential real estate.

Inspection 94

Inspection Pre-approval Loans Finance 94

Toronto Realty Blog

JANUARY 17, 2022

The Ministry of Housing and Diversity and Inclusion, in partnership with the Canada Mortgage and Housing Corporation (CMHC), told the Financial Post that speculative investing in residential real estate has become an important concern, prompting Canadians to overbid on properties, borrow beyond what they can afford, and push home prices even higher.

Development 81

Development Banks Investor Finance 81

Fancy Pants Homes

MAY 10, 2021

Assessing your finances. There’s really no problem with investing in anything if you have spare money just sitting in your bank. If you don’t have enough cash on hand, make sure you explore your possible financing options first. Do you need to use a home equity line of credit (HELOC) or a mortgage to finance the acquisition?

House Flipping 59

House Flipping Hard money loan Renovation Finance 59