Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. The post Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions appeared first on HousingWire. We’re well-capitalized and committed to mortgage, particularly the broker channel.

Lending 368

Lending Banks Technology New Construction 368

Housing Wire

APRIL 25, 2023

“Despite signs of economic uncertainty in March, which included news of bank failures, buyers are still showing demand for new homes.” The faster sales pace meant the inventory of unsold new homes continued to fall, dropping from 436,000 in February to 432,000 in March. This represents 7.6

Sales 410

Sales Construction New Construction Principal 410

Housing Wire

JULY 9, 2024

The Federal Home Loan Bank of Chicago (FHLBank Chicago) and consumer credit scoring system VantageScore announced on Tuesday that the bank is now accepting mortgage collateral using VantageScore 4.0, an updated version of the scoring system using trended credit bureau data. “[M]ember that use trended credit bureau data.

Banks 355

Banks Finance New Construction Construction 355

Housing Wire

FEBRUARY 12, 2024

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. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 418

Lending New Construction Construction Finance 418

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

JUNE 6, 2023

Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday. Chicago – Residential construction activity has been down modestly in this District.

Residential 432

Residential Construction Finance Sales 432

Housing Wire

JANUARY 10, 2022

And if three hikes in the federal funds target come to pass, initial rates on ARMs, HELOCs and construction loans (often linked to the bank prime) will likely increase from one-half to three-quarters of a percentage point. for 30-year fixed-rate loans.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

MARCH 16, 2023

The pace of new construction had been picking up over the past two years. million new housing units were started, which is a little higher than the average annual new starts over the past five decades,” Lisa Sturtevant, the chief economist at Bright MLS, said in a statement. year over year. In 2022, a total of 1.55

Banks 421

Banks Construction MLS Finance 421

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

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project. It’s also assessing a variety of other products to service a market that is now heavily purchase-focused.

Loans 384

Loans Lending Construction Banks 384

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. Kurt Carlton, President of New Western. Mortgage rates have nearly doubled to around 6.5%

Mortgages 421

Mortgages Loan Officer Pre-approval New Construction 421

Housing Wire

JUNE 29, 2023

“Mortgage rates have hovered in the 6% to 7% range for over six months and, despite affordability headwinds, homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Sam Khater, Freddie Mac’s chief economist in a statement.

Mortgages 384

Mortgages New Construction Investor Construction 384

Housing Wire

APRIL 17, 2023

Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” Robert Dietz , the NAHB’s chief economist, said in a statement. More buyers looking at new homes, along with the use of sales incentives, have supported new home sales since the start of 2023.”

Banks 384

Banks Sales New Construction Lending 384

Housing Wire

MAY 10, 2023

It shows about 50 people waiting in line at an open house in Mount Laurel, New Jersey. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. The house ended up having five offers and sold for $50,000 over ask.

Loan Officer 384

Loan Officer Pre-approval Marketing New Construction 384

Housing Wire

JULY 25, 2023

With existing homeowners feeling reluctant to give up their record-low mortgage rates, builders have been all smiles as buyers turn to new construction. Some economists believe that multi-family and single-family construction will take some pressure off prices as inventory grows.

Construction 358

Construction Mortgages New Construction MLS 358

Housing Wire

NOVEMBER 30, 2021

New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. In addition to its existing products, Acra plans to launch new programs in 2022, including 1st and 2nd lien HELOC programs. “Brokers across the U.S. Housing supply shortage.

Lending 402

Lending Loans Investor New Construction 402

Housing Wire

AUGUST 3, 2023

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.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

Land 370

Land Construction Development Finance 370

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Balancing supply and demand is a delicate dance between new construction and existing properties.

Due diligence 408

Due diligence Marketing New Construction Mortgages 408

Real Trends

MARCH 29, 2023

Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011. In terms of inventory, new homes make up a small portion of available homes — approximately 10%.

New Construction 94

New Construction Construction Banks Development 94

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 397

Construction Purchase and sale agreement Land Investor 397

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

New Construction 105

New Construction Construction Inspection Pre-approval 105

Housing Wire

SEPTEMBER 27, 2022

Over the weekend, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said, “We are going to do all that we can at the Federal Reserve to avoid deep, deep pain.” New home sales are coming this week, and the monthly supply data is too big to have any new construction being built. months in construction.

Banks 473

Banks As-is Construction Marketing 473

Housing Wire

NOVEMBER 1, 2022

Since 2008, major banks have pumped over $25 trillion into the global economy. million more households — roughly equivalent to the same amount of new construction the United States sees in a year. So, when interest in buying suburban homes surged during the pandemic, prospects for first-time homeowners suffered.

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Banks New Construction 397

Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Those markets I’m able to put a little bit less money in but also make a comfortable amount of return,” said Bijan Green, a Denver-based real estate investor. “A

Investor 545

Investor Marketing Renovation New Construction 545

Housing Wire

MAY 5, 2022

With demand shifting to a new generation of first-time homebuyers, low inventory, and a possible interest rate rollercoaster ahead, expect to also see a more non-traditional mortgage landscape. Condo markets and new construction will swell.

Mortgages 370

Mortgages Technology Lending New Construction 370

Housing Wire

APRIL 24, 2023

Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. GDP, roughly $3 trillion.

Closing 383

Closing New Construction Loans Equity 383

Housing Wire

SEPTEMBER 22, 2023

While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. That’s because the operating structure also drops off.

FHA loan 450

FHA loan Bankruptcy Marketing Loans 450

Marco Santarelli

OCTOBER 13, 2024

Fortune 500 Hub: Charlotte is home to the headquarters of nine Fortune 500 companies, including Bank of America and Duke Energy, further solidifying its strong financial and energy sectors. Limited Housing Supply: Rapid growth has outpaced housing construction, contributing to high prices.

Investor 122

Investor Marketing Due diligence Finance 122

Housing Wire

MARCH 26, 2024

For those individuals that are considering selling in the current real estate market , it is important to stress to them that they have several paths that can be taken to find their new home while also not breaking the bank.

Equity 432

Equity Loans Bankruptcy As-is 432

Marco Santarelli

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. In short, they are considered brand new.

New Construction 52

New Construction Construction Probate sale Investor 52

The Close

MAY 19, 2025

Financing the purchase, renovation, or construction of a commercial property can be much different and more complex than financing a traditional primary residence. 13% Loan terms: 5-20 years Visit Lendio Fix and flip loans Bridge loans New construction Rental portfolio loan Loan amounts: $75,000-$5 million Interest rates: Between 8.45%-10.2%

Commercial 59

Commercial Loans Banks New Construction 59

Marco Santarelli

DECEMBER 18, 2024

The housing market predictions for 2025 by Bank of America suggest that home prices are expected to increase by a modest 2%. I've been keeping a close eye on the housing market for a while now, and this prediction from Bank of America feels like a breath of fresh air after all the volatility. While that's a little lower than the 6.8%

Banks 98

Banks Marketing Fixed-rate mortgage Mortgages 98

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

Agents 128

Agents New Construction Purchase and sale agreement Construction 128

HomeLight

FEBRUARY 11, 2025

Increasing home sales and an abundance of new construction contribute to a competitive real estate market in McKinney. In addition, be sure to request proof of funds, such as a bank statement, to confirm the buyer has the necessary financial means to purchase your property.

Sales 70

Sales Proof of funds Due diligence New Construction 70

Marco Santarelli

JANUARY 20, 2025

Relaxed Lending Standards: Banks had significantly lowered their lending criteria making it easier for people to buy homes, irrespective of their financial health. This shortage is due to several factors, like a slowdown in new construction following the 2008 crash and homeowners' reluctance to sell during times of economic uncertainty.

Marketing 103

Marketing Lending Mortgages Loans 103

Marco Santarelli

FEBRUARY 7, 2025

Reckless construction and speculative buying led to a surplus that couldn't be sustained when the economy faltered. Demand continues to outstrip supply in many areas, particularly as millennial homeownership increases and new construction struggles to keep pace. Conventional loan requirements vary by lender.

Pre-approval 87

Pre-approval Marketing Debt-to-income ratio Lending 87

HomeLight

SEPTEMBER 26, 2022

Hanna says most of the builds he’s seen are by people who already have extensive experience in the construction industry — contractors who want to build their own place, or carpenters who know they can do a lot of the work themselves. Container homes can also be constructed fairly quickly, and you can combine them to make a full-size house.

Construction 145

Construction New Construction Land Inspection 145