The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

Construction 97

Construction Inspection New Construction Residential 97

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 68

Residential Construction Banks Loans 68

Housing Wire

OCTOBER 6, 2023

But people need homes,” said Kenny Deen, senior account executive at the independent mortgage banker and residential home lender Paramount Residential Mortgage Group. Then, we have all the traditional financing options, including jumbo.” “We’re people who have been around for a while.

Mortgages 464

Mortgages VA loan Finance Loans 464

Housing Wire

MARCH 21, 2024

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated. Bolstered by its 2022 acquisition of Homepoint ’s delegated correspondent channel, Planet originated $13.9

Lending 334

Lending Sales Commercial Loans 334

Housing Wire

MARCH 21, 2024

The silver lining, however, is that builders have picked up their pace of construction. 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. banks in comparison to international standards.

Industrial 314

Industrial Banks Residential Lending 314

Housing Wire

JULY 14, 2022

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . The lender was planning to offer construction loans but rising interest rates put a halt to that and forced Kiavi to issue pink slips. .

Loans 376

Loans Investor Finance Construction 376

Housing Wire

OCTOBER 31, 2022

Through the first nine months of 2022, Movement funded just under $20 billion in residential mortgages, according to data from Inside Mortgage Finance. Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. Presented by: Polly.

Mortgages 350

Mortgages Loan Officer Loans Technology 350

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

Banks 392

Banks Mortgages Lending Commercial 392

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. Furthermore, residential building construction employment was flat year-over-year in July, while non-residential was up by 5.9%, according to First American Economist Ksenia Potapov.

Marketing 290

Marketing Residential Construction Commercial 290

Housing Wire

MARCH 22, 2023

billion in fully funded cash proceeds from the global investment firm Atlas SP Partners through a new senior asset-backed financing facility. The increase was due primarily to the residential and real estate mortgage and construction portfolios, consisting of 70% of the total portfolio in Q4 2022. The company secured $1.4

Banks 360

Banks Commercial Loans Investor 360

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. Two of every three dollars made by the residential segment came from services for buyer agents.

Investor 398

Investor Residential Agents MLS 398

Housing Wire

AUGUST 25, 2023

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).

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

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 240

Technology Closing Construction Commercial 240

Housing Wire

JULY 26, 2023

It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. Those buyers who turn to the new construction market are seeing more available options to snatch up, leading to strong new home sales compared to a year ago,” said Zillow Senior Economist Nicole Bachaud.

Sales 339

Sales New Construction Marketing Construction 339

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 264

Loans Finance Residential Investor 264

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. some luxury residential markets that saw an influx of Chinese buyers could be particularly vulnerable. This could make raising capital for new construction projects harder, and more expensive, everywhere. In the U.S.,

Marketing 395

Marketing Residential Investor New Construction 395

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

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 363

Mortgages Loans Residential Equity 363

Housing Wire

FEBRUARY 14, 2024

Aside from geographical expansion, Academy also brings expertise in the construction loan space for builders, which represents 25% to 30% of its business, according to Schmidt. Academy’s loan production represents an approximate 25% increase in annual origination volume, according to Guild estimates of third-quarter 2023 volumes.

Mortgages 401

Mortgages Loan Officer Loans Closing 401

Housing Wire

MAY 30, 2023

New construction could be the beacon of light the housing market desperately needs right now, as home builders are gaining confidence amongst rising sales, hopefully soon to translate to more residential construction breaking ground in the coming months.” Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgages 392

Mortgages Fixed-rate mortgage Construction New Construction 392

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

New Construction 52

New Construction Construction Inspection Finance 52

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

Eye on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers.

Loan Officer 114

Loan Officer Construction Loans Land 114

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. Kurt Carlton, President of New Western.

Mortgages 406

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 406

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Builders are getting smarter about their finances, which includes planning for project success. Fortunately, it’s not all bad news.

Marketing 446

Marketing Construction Industrial Staging 446

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Realty Biz

MARCH 1, 2022

residential real estate market. These purchases are easier to delay and draw a larger part of the financing from the volatile financial markets. What could prove interesting is that the effect could be felt on both the supply and demand side of the residential real estate market. This fast-moving story will change quickly.

Residential 84

Residential Construction Investor New Construction 84

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California.

Sales 450

Sales New Construction Staging Mortgages 450

Propmodo

APRIL 23, 2024

Commercial Property Assessed Clean Energy is a sustainable financing mechanism state policy enables. It provides long-term, fixed-rate, and non-recourse loans for up to 30 years for any aspect of real estate construction that enhances energy or water efficiency. The green financing idea has come a long way since then.

Lending 62

Lending Commercial Finance New Construction 62

Eye on Housing

MAY 10, 2024

During the first quarter of 2024, credit for residential Land Acquisition, Development & Construction (AD&C) tightened slightly and remained costly, according to NAHB’s survey on AD&C Financing. The net easing index derived from the survey posted a reading of -22.0 (the

Land 52

Land Construction Residential Finance 52

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 310

Mortgages Loan Officer Residential Loans 310

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 97

Lending Commercial Residential Loans 97

Housing Wire

APRIL 28, 2021

“With a similar culture and alignment of values, Veritex has helped Thrive grow by understanding our business and assisting Thrive with tailored financing, including construction warehouse lending. Finance of America announced on Tuesday that they planned to acquire Parkside Lending ‘s wholesale operation for $40 million.

Mortgages 355

Mortgages Lending Banks Loans 355

Realty Biz

DECEMBER 21, 2022

One place to look is at new home construction rules from the California Energy Commission Building Energy Efficiency Standards, Title 24 that requires new homes to have solar panels today and as of January 1, new homes will be required to have the infrastructure for battery storage to be added in the future. You Can Make the Money Work Today.

Finance 93

Finance Title Construction Industrial 93

Eye on Housing

FEBRUARY 20, 2024

During the fourth quarter of 2023, credit for residential Land Acquisition, Development & Construction (AD&C) remained tight, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s. However, the tightening was not as widespread as it was in recent quarters.

Construction 63

Construction Land Residential Finance 63

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).

Loan Officer 332

Loan Officer Mortgages Loans Lending 332