Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Job growth in the U.S. jobs report , released Friday. in June 2021. in May to $32.25

Construction 381

Construction Industrial Residential Mortgages 381

Housing Wire

FEBRUARY 14, 2024

Guild Mortgage ’s acquisition of Academy Mortgage Corp. It’s the largest acquisition to date for retail lender Guild, which has closed six deals since 2021, including last year’s purchases of Legacy Mortgage , Cherry Creek Mortgage and First Centennial Mortgage. The combined enterprises would represent 1.3%

Mortgages 417

Mortgages Loan Officer Loans Closing 417

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. The residential mortgage loan balance for First Internet was $383.9

Banks 416

Banks Mortgages Lending Commercial 416

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 469

Mortgages VA loan Finance Loans 469

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. Mortgage rates tend to align with the 10-year U.S. “Mortgage rates should be 5.55%, not 6.5%,” he said.

Mortgages 382

Mortgages Loans Residential Equity 382

Housing Wire

OCTOBER 31, 2022

Movement Mortgage on Friday announced the appointment of Lyra Waggoner as its chief information officer. Waggoner’s professional career spans 18 years in the mortgage industry. The key to growing in a challenging mortgage market. Her role will focus on technology to drive the company’s growth. Presented by: Polly.

Loan Officer 369

Loan Officer Mortgages Loans Technology 369

Housing Wire

AUGUST 25, 2023

filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. AmeriFirst told Housingwire that the bankruptcy action has no impact on closed mortgages and the loans in the pipeline will be closed and funded. Retail lender AmeriFirst Financial Inc.

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Eye on Housing

JUNE 1, 2023

Private residential construction spending inched up 0.5% Private residential construction spending increased for the first time since June 2022 amid elevated mortgage interest rates. The total construction monthly increase is largely attributed to more spending on multifamily construction, which rose.

Residential 69

Residential Construction Mortgages As-is 69

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. Last week, the U.S.

Mortgages 383

Mortgages Loans Residential Construction 383

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% We do not see new construction returning in a meaningful way any time soon. “The Will Savage, an LO at PMC Mortgage.

Mortgages 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

Housing Wire

JUNE 21, 2023

On the heels of the Federal Reserve pausing its rate hikes, mortgage demand increased, but only slightly. For the week that ended June 21, mortgage applications only climbed 0.5% from the prior week , according to the Mortgage Bankers Association. The refinance share of mortgage activity decreased to 26.9% from 13.0%

Mortgages 369

Mortgages Loans Construction Residential 369

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 406

Mortgages Fixed-rate mortgage Construction New Construction 406

Housing Wire

FEBRUARY 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. 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.

Lending 395

Lending New Construction Construction Finance 395

RIS Media

JULY 8, 2021

Within residential construction, general contractor and other related jobs increased by 15,200—a huge relief for a market that’s being squeezed by a lack of inventory. More construction jobs and training will be needed to build more homes and for a federal government infrastructure spending boost.”

Commercial 92

Commercial Residential Construction Sales 92

Housing Wire

APRIL 28, 2022

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. The multichannel lender, which originated roughly $13 billion in residential mortgage last year, declined to provide any details about the layoffs. The lender’s origination volume increased 25.8% billion, up 65.5%

Mortgages 359

Mortgages Loan Officer Residential Loans 359

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial. In 2022, AmeriFirst closed $2.5

Loan Officer 367

Loan Officer Mortgages Loans Lending 367

Housing Wire

JULY 7, 2023

“The incoming economic data has been filled with conflicting signals,” said Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni in a statement. Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up.

Construction 368

Construction Residential MLS Renovation 368

Housing Wire

MARCH 21, 2024

Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S. I’m here to build on our presence in the West by fostering an environment where mortgage loan originators and branch managers can truly thrive.” increase.

Lending 394

Lending Sales Commercial Loans 394

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 374

Industrial Banks Residential Lending 374

Housing Wire

MARCH 10, 2023

percent, partly driven by another increase in labor force participation, but remained well below historical averages,” Joel Kan, the Mortgage Bankers Association’s vice president and deputy chief economist, said in a statement. “We Construction job openings collapsed in January to the lowest level since October 2020.”

Construction 358

Construction Residential MLS Mortgages 358

Housing Wire

APRIL 1, 2022

A total of 431,000 non-farm payroll jobs were added in March, and employment in the construction industry is now above its pre-pandemic level, after the industry added 19,000 jobs. In the construction industry, unemployment fell 6.0% Mortgage brokerage shops employed 137,300 workers in February compared to 135,700 in January.

Marketing 406

Marketing Construction Residential Industrial 406

Housing Wire

AUGUST 4, 2023

Indicators of manufacturing and service sector health remain lackluster, measures of inflation have moved lower, while GDP growth in the second quarter was stronger than expected and consumer spending remains resilient,” said Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan.

Marketing 347

Marketing Residential Construction Commercial 347

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. is likely to enter a recession,” Mike Fratantoni, Mortgage Bankers Association’s senior vice president and chief economist, said in a statement.

Mortgages 407

Mortgages Fixed-rate mortgage Loans New Construction 407

Housing Wire

MARCH 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index remained unchanged at 124.6

Mortgages 475

Mortgages Loans Lending Construction 475

Housing Wire

JUNE 7, 2024

Following a few days of declining bond yields and mortgage rates this week, the trajectory took a significant turn on Friday with the release of favorable labor data , sparking a notable increase in the 10-year yield, a key indicator for those in housing. So far, that hasn’t happened yet.

Mortgages 479

Mortgages Closing Land Construction 479

Eye on Housing

SEPTEMBER 1, 2022

Private residential construction spending declined further in July, as rising mortgage rates and elevated construction costs put a damper on the market. in July, down for the second straight month, according to NAHB’s analysis of the Census Construction Spending data. It fell 1.5% higher year-over-year.

Residential 116

Residential Construction Mortgages Marketing 116

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 437

Loans Investor Banks Finance 437

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

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. over the past 12 months,” Mike Fratantoni , Mortgage Bankers Association ‘s (MBA) senior vice president and chief economist, said in a statement.

Marketing 391

Marketing Construction Residential Industrial 391

Eye on Housing

AUGUST 1, 2022

As mortgage rates reached 3-year high, private residential construction spending decreased 1.6% billion in June, according to NAHB’s analysis of the Census Construction Spending data. On a year-over-year basis, total private construction spending was 15.6% to a seasonally adjusted annual rate (SAAR) of $923.7

Residential 119

Residential Construction Mortgages 119

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 357

Closing Principal Investor Residential 357

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. The investment in Thrive comes amid a wave of M&A activity in the mortgage lending space.

Mortgages 370

Mortgages Lending Banks Loans 370

Housing Wire

SEPTEMBER 2, 2022

“The August jobs report revealed that while the labor market remains quite strong, with employment growth still above a sustainable pace; however, that pace is slowing,” Mike Fratantoni, the chief economist at the Mortgage Bankers Association, said in a statement. Heavy and civil engineering construction, meanwhile, lost 2,000 jobs.

Residential 417

Residential Construction Mortgages As-is 417

Housing Wire

AUGUST 5, 2022

“Despite the negative reading on second quarter GDP, this is not a picture of an economy in recession,” Mike Fratantoni, the chief economist at the Mortgage Bankers Association, said in a statement. Employment in the construction sector is now 82,000 jobs higher than in February 2020. Residential building employment is up 7.5%

Construction 417

Construction Residential Banks Mortgages 417

Housing Wire

MAY 6, 2022

In addition, employment in the construction industry is now 21,000 jobs above its pre-pandemic level after the sector added 2,000 jobs. of its pre-pandemic level,” Mike Fratantoni, the Mortgage Bankers Association’s SVP and chief economist, said in a statement. Residential building employment is up 6.9%

Construction 369

Construction Residential Industrial Mortgages 369

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 454

Sales New Construction Staging Mortgages 454

Housing Wire

NOVEMBER 4, 2022

percent in September,” Joel Kan, the vice president and deputy chief economist for the Mortgage Bankers Association, said in a statement. Overall, residential building employment was up 7.7% compared with pre-pandemic levels, while non-residential building remained 4.8% Overall, residential building employment was up 7.7%

Construction 392

Construction Residential Industrial Land 392