Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. But over the last ten years, Bank OZK, a small bank from Arkansas, has grown to become one of the most powerful financiers of large real estate projects in the U.S. Bank OZK has humble roots.

Banks 67

Banks Construction Finance Commercial 67

Housing Wire

APRIL 7, 2023

Signs of a slowdown in the labor market have emerged, sparking hope that the Federal Reserve may stop its ongoing tightening monetary policy, which has spurred increasing mortgage rates. The slowdown in the labor market has been very gradual, according to them. Heavy and civil engineering construction created 7,100 jobs.

Marketing 392

Marketing Construction Residential Industrial 392

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. million in mortgages last year, mainly for building and construction. The financials of the deal were not disclosed.

Mortgages 421

Mortgages Loan Officer Banks Equity 421

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

Mortgages 416

Mortgages Marketing Banks New Construction 416

Housing Wire

JUNE 30, 2022

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. Lee Smith: EVP, President of Mortgage.

Lending 364

Lending Banks Technology New Construction 364

Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

Marketing 369

Marketing Lending Banks Loans 369

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 351

Marketing Residential Construction Commercial 351

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

Due diligence 401

Due diligence Marketing Mortgages New Construction 401

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde is a vice president and director of capital markets with Dart Bank , a position she held since August 2022.

Mortgages 370

Mortgages Marketing Lending Construction 370

Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. At the same time, the data suggests several benefits for early adopters.

Property Management 414

Property Management Marketing Technology Branding 414

Housing Wire

APRIL 24, 2023

In addition to the lower mortgage rate forecast issued after the March banking turmoil, Fannie Mae’s Economic and Strategic Research (ESR) Group has upgraded its existing home sales outlook for the remainder of the year. This includes deposits at small banks, which were roughly flat — and even rose somewhat over the past two weeks.

Sales 383

Sales Banks Construction Lending 383

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. Anchor Loans was acquired by investment firm Pretium in November 2021.

Loans 437

Loans Investor Banks Finance 437

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

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% However, a silver lining in the subdued housing market is the strength in new-home sales.

FHA loan 446

FHA loan Bankruptcy Marketing Loans 446

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. The silver lining, however, is that builders have picked up their pace of construction.

Industrial 381

Industrial Banks Residential Lending 381

Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. 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 401

Lending New Construction Construction Finance 401

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 467

Construction Finance Land Design 467

Housing Wire

JANUARY 11, 2023

The early entrants into the market — including Milo and Figure Technologies — made loans equal to 100% of the borrower’s cryptocurrency value with no down payment required. “The effective use of technology allows us to accomplish this.

Lending 417

Lending Mortgages Marketing Loans 417

Toronto Realty Blog

JANUARY 22, 2024

” This post was about the clauses that the seller/bank includes in their standard schedules and just how crazy a buyer would be to purchase a property with some or all of those clauses. Today, I want to look at how bank-owned properties are priced, listed, and sold, and I want to use real examples. What happened?

Banks 69

Banks Sales Marketing MLS 69

Inman

MARCH 24, 2023

Fannie Mae economists say jumbo mortgages and construction loans could get more scarce if regional banks tighten lending standards.

Banks 160

Banks Lending Construction Loans 160

Housing Wire

DECEMBER 7, 2023

Flagstar ’s presence and expertise in the third-party wholesale mortgage origination market have combined to create a history of success extending over 35 years. Flagstar offers a broad product set including agency, non-agency, construction products and HELOCs.

Lending 327

Lending Banks Technology Mortgages 327

Realty Biz

JANUARY 23, 2024

CIBC Bank USA has unveiled its latest initiative aimed at promoting affordable housing, encompassing a $17.6 million construction loan, a $708,000 permanent loan, and a $26 million investment in Boulevard Apartments Preservation, LP, to facilitate the acquisition and restoration of the existing Boulevard Apartments in Chicago.

Banks 87

Banks Commercial Renovation Loans 87

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. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Lending 408

Lending Technology Loans Equity 408

Housing Wire

MARCH 20, 2024

In this current market, many lenders are looking for new lending products to offer to help expand their offerings and keep the company afloat,” the organization said in its announcement of the award winners.

Lending 398

Lending Mortgages Technology Banks 398

Housing Wire

JUNE 23, 2021

HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership. HousingWire: What is the current state of the housing market for first-time homebuyers and communities of color? According to the Radian Home Price Index , home prices rose 9.2%

Marketing 417

Marketing Construction Industrial Mortgages 417

Seattle Times Real Estate

MARCH 23, 2023

Borrowers fear that banks will pull back, which could slow down construction activity and increase the likelihood of a recession.

Banks 68

Banks Commercial Construction Marketing 68

Toronto Realty Blog

APRIL 8, 2024

of Torontonians had never heard of Bjarke Ingels, and that there was no reason why people should be paying $2,000 per square foot for a pre-construction project simply because it has his name on it. Keeping in mind, of course, that we just had this conversation: “How Is The Market For Condominium Assignments?”

Construction 75

Construction Development Design As-is 75

Housing Wire

JANUARY 18, 2024

11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. The 30-year fixed-rate mortgage averaged 6.6%

Fixed-rate mortgage 529

Fixed-rate mortgage Mortgages New Construction Construction 529

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. Not necessarily.

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

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? But even in this market? I’m not entirely sure.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

MAY 14, 2024

Homeownership is used far too often as the federal piggy bank. Last week, we wrote a letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t. Such opportunities may arise.

FHA loan 329

FHA loan Loans Title Mortgages 329

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. attorney Robert Troester said in a prepared statement.

Mortgages 544

Mortgages Lending Banks Loans 544

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

Mortgages 454

Mortgages Marketing Industrial Equity 454

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. After mixed results in January , the U.S.

Residential 370

Residential Construction Renovation Industrial 370

Real Trends

MARCH 29, 2023

There was one problem, we were already at a new home deficit, making the new home market incredibly competitive. Practically every listing that came on the market received 15 to 20 offers, and bidding wars drove prices higher and higher. New homes began to linger on the market.

New Construction 89

New Construction Construction Banks Development 89

Toronto Realty Blog

MARCH 28, 2024

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE!” That made sense, right? It made sense.

Pre-qualification 74

Pre-qualification Marketing Construction Development 74

Housing Wire

SEPTEMBER 29, 2023

It’s no longer about just outlasting a bad market for a couple of months. “I Whether it’s more niche products like bank statement loans, construction-to-permanent loans or down payment assistance programs, LOs have been forced to sharpen their swords and master the products to get buyers into homes in a brutal marketplace.

Loan Officer 407

Loan Officer Mortgages Fixed-rate mortgage Loans 407