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. That is 12 million more than Netflix and 32 million more than LinkedIn.

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Investor Residential Agents MLS 482

Housing Wire

JUNE 6, 2024

million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. reduction in residential lending activity compared to first-quarter 2023 and a 69.3%

Lending 492

Lending Mortgages Residential Loans 492

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. Let’s look at today’s residential construction report and see where we are. But during this entire time, the number of residential construction workers has been growing. From the U.S. percent (±10.3 percent (±10.5

Construction 535

Construction Residential New Construction Finance 535

Housing Wire

NOVEMBER 1, 2024

Excluding the one-time events, the manufacturing data is getting softer and the residential construction sector is at risk with higher rates again, as the housing starts and permits data are at COVID-19 recession levels today. Now, the internals of the data lines, such as the hires and quit percentages, are weaker than the 7.4

Mortgages 508

Mortgages Residential Construction Marketing 508

Housing Wire

APRIL 17, 2024

That includes the nation’s top homebuilders ( DR Horton and Lennar ), mortgage originators ( United Wholesale Mortgage and Rocket Mortgage ), brokerages ( Anywhere and Compass ) and residential search portals ( Zillow and CoStar , which owns Homes.com ). Some experts forecasted as many as six rate cuts in the year based on this news.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

APRIL 29, 2024

The company, which is owned by asset management firm Arrowmark Partners , sells non-QM loans via brokers for clients — usually LLCs, C-corps or S-corps — to acquire residential real estate for commercial and investment purposes.

Lending 482

Lending Commercial Residential Loans 482

Housing Wire

SEPTEMBER 16, 2024

But it doesn’t only take big storms to cause major problems for a residential community. Perhaps most important is the leadership structure in residential communities. But that’s not always the case for residential buildings. Watery catastrophes have become far more and condo flooding is on the rise. Is it a property manager?

Property Management 468

Property Management Residential Development As-is 468

Housing Wire

JANUARY 10, 2025

Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. The bulk of the job gains in December occurred in the care (+46,000 jobs), government (+33,000 jobs), retail trade (+43,000 jobs), and social assistance (+23,000 jobs) sectors.

Residential 395

Residential Construction MLS Mortgages 395

Housing Wire

APRIL 16, 2024

As we can see below, recessions traditionally don’t start until residential construction jobs are lost. As we can see below, we haven’t shed residential construction jobs yet, and we haven’t gone into a job loss recession either. Residential workers fall before the recession as higher rates bite. However, after Nov.

Construction 493

Construction Residential Mortgages As-is 493

Housing Wire

FEBRUARY 9, 2024

In an attempt to reach residential listing portal supremacy, CoStar Group (the parent company of Apartments.com and Homes.com ) will air four advertisements during this Sunday’s broadcast of Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs. The portal wars are heating up.

Commercial 476

Commercial Marketing Residential Branding 476

Housing Wire

MARCH 8, 2024

Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. trillion in residential mortgage debt as of first-quarter 2023. This is a problem that we’ll be working on for years more, I’m sure. FDIC), banks held $2.78

Banks 493

Banks Commercial Residential Lending 493

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 Mortgaged properties account for 62% of all residential homes in the U.S., trillion in equity over the past year, according to a CoreLogic report released Friday. The average U.S. trillion gain in U.S.

Equity 518

Equity Residential Mortgages Closing 518

Housing Wire

JANUARY 9, 2025

Kevin Peranio , chief lending officer for Paramount Residential Mortgage Group (PRMG), lives in the Orange County area and said hes witnessed the effects of being displaced by the wildfires. This law applies to those who sell food, emergency supplies, medical supplies, building materials, and gasoline.

Marketing 500

Marketing Lending Land Residential 500

Housing Wire

APRIL 4, 2024

If approved, the changes would boost capital requirements for large banks’ residential mortgage portfolios compared to international standards. We gave the public extra time to comment on the rule because it was really complex. I expect them to make adjustments to the final rule. I think it will be a good, strong rule when it’s done.”

Banks 513

Banks Commercial Residential Loans 513

Housing Wire

JANUARY 10, 2025

The key data line for me in this part of the economic cycle is residential construction jobs , and while that data is not growing much anymore, its not declining, as we can see below. If the residential construction worker jobs decline, that can push us to a higher unemployment rate since we already have job losses in this sector.

Mortgages 488

Mortgages Residential Construction As-is 488

Housing Wire

OCTOBER 3, 2024

The suit is seeking class-action status for a nationwide class that is defined as all persons who purchased a residential property listing on a Realtor-affiliated MLS between 2002 and the present. District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty.

MLS 447

MLS Residential Equity Agents 447

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. Market conditions have certainly trended downward for residential or commercial real estate. And why not? CRE firms are also suffering through the highest interest rates seen in years.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

JANUARY 17, 2025

Between residential and commercial market professionals, SitusAMC can guide all financiers toward increased profit, efficiency, and sharper analytics. The real estate company empowers residential real estate market originators with a licensed underwriting model and loan fulfillment component services , respectively.

Marketing 357

Marketing Residential Commercial Loans 357

Housing Wire

FEBRUARY 14, 2024

For now, the problem is most acute at New York Community Bank — the 7th-largest bank originator of residential mortgages, 5th-largest sub-servicer of mortgage loans and the 2nd-largest mortgage warehouse lender in the country, according to its earnings materials. Regional banks are once again in the grip of a concentration problem.

Banks 468

Banks Mortgages Commercial Residential 468

Housing Wire

JULY 2, 2024

In the release, the firm noted that Kennedy Lewis has a history of investing in the residential real estate sector and Douglas Elliman expects that as part of this partnership, the investment firm will tap into its industry expertise, which includes experience in land and homebuilder finance investments.

Residential 440

Residential Brokerage Land Branding 440

Housing Wire

SEPTEMBER 24, 2024

Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. He will report to John Beacham , CEO of Roemanu and Toorak.

Residential 432

Residential Commercial Finance Loans 432

Housing Wire

JANUARY 2, 2025

The 10-year yield is projected to be between 3.80% and 4.70% For mortgage rates to go lower, we need to focus on the labor market, which has been critical to every economic cycle in recent history, and particularly the labor market for residential construction and remodeling. We held that line very late in the year 2023.

Mortgages 505

Mortgages Construction Residential Sales 505

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. home price appreciation , without the costs, inefficiencies, and complexity that historically come along with large-scale residential real estate investing.

Equity 472

Equity Investor Residential Finance 472

Housing Wire

JANUARY 2, 2024

New York-based nonbank mortgage lender RealFi (formally known as Residential Home Funding Corp. “After WaMu funded the loans from Residential Home, WaMu sold Residential Home-brokered loans into residential mortgage-backed securitized trusts for which Deutsche Bank National Trust Company served as Trustee,” the lawsuit states.

Loan Officer 459

Loan Officer Residential Banks Loans 459

Housing Wire

AUGUST 2, 2024

When broken out, the residential construction sector added 31,700 jobs month over month, while the number of residential specialty trade contractors rose 7,400 from a month prior. Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry.

Mortgages 493

Mortgages Marketing Construction Residential 493

Housing Wire

JUNE 20, 2024

AVMs, which value residential real estate used as collateral to secure mortgages, are under an interagency rulemaking process. According to Gruenberg, the final rule helps prevent discrimination in evaluating residential real estate used as collateral in a mortgage transaction by “specifying a nondiscrimination quality control factor.”

Residential 457

Residential Mortgages Banks Finance 457

Housing Wire

AUGUST 19, 2024

The Move – CoStar battle is heating up as Move, the parent company of Realtor.com , filed an amended complaint on Friday in its suit against the Homes.com parent company and James Kaminsky, a former Realtor.com employee who is now an editor at Homes.com. Kaminsky is a ‘mid-level manager,’” the complaint states.

Residential 434

Residential Branding As-is Industrial 434

Housing Wire

JULY 1, 2024

In 2022, Kaufman co-founded AdaMark Residential , where he served as president. Prior to that venture, Kaufman was a vice president and principal of a luxury residential real estate marketing firm. Naples, Florida -based Premier Sotheby’s International Realty is shaking up its C-suite. Adam brings a wealth of experience to our team.

Principal 434

Principal Residential Development Sales 434

Housing Wire

JULY 11, 2024

Our partnership with LiquidFi will advance that value proposition for all fixed-income investors — whether they’re adding performing and non-performing residential mortgage loan portfolios, Residential Transition Loans (RTL), private student loans, or unsecured debt portfolios,” Benson said.

Due diligence 435

Due diligence Mortgages Investor Technology 435

Housing Wire

AUGUST 15, 2024

Fitch Ratings said in a report that SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000. Investment firm Davidson Kempner Capital Management is a co-investor. Representatives at Credit Suisse, Davidson Kempner and Sixth Street declined to comment.

Investor 475

Investor Mortgages Banks Principal 475

Housing Wire

MARCH 25, 2024

Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. Combined, the policies to be eliminated represent about 2% of State Farm General’s policy count in California.

Commercial 482

Commercial Residential As-is Finance 482

Housing Wire

JULY 1, 2024

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. The retail lender, which has several other joint ventures with other residential brokerages, originated $7 billion between January and March, according to IMF.

Brokerage 448

Brokerage Residential Branding Mortgages 448

Housing Wire

SEPTEMBER 6, 2024

When broken out, residential building construction gained 4,800 jobs in August and residential specialty trade contractors gained 800 jobs. But is it enough to justify a half-point cut? Data from the U.S. This is consistent with a cooling of demand or workers from companies across the board,” Fratantoni said in a statement.

Residential 455

Residential Construction Mortgages As-is 455

Housing Wire

JANUARY 8, 2025

CoreVest was acquired by Redwood in 2019 and is the REITs business-purpose lending division that specializes in loans for residential investment properties. The move is part of a repositioning that includes branding of its jumbo loan platform, which will continue to operate under the Sequoia umbrella going forward.

Equity 392

Equity Loans Lending Investor 392

Housing Wire

MAY 23, 2024

The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first. As you can see in the chart below, residential construction workers aren’t losing their jobs yet. While that was happening, we also had 5-unit permits expand as well.

Sales 496

Sales Marketing Construction Residential 496

Housing Wire

JANUARY 9, 2025

RLTY Capital acquires pending residential and commercial commissions, allowing agents to access that money on an expedited timeline. A startup that wants to help independent real estate agents and brokers manage the logistics of their business is getting a big boost. ” RLTYco provides four primary services.

Commercial 392

Commercial Investor Residential Agents 392