Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis. Some feel like homes arent built like they used to be.

Inspection 284

Inspection Mortgages New Construction Equity 284

Housing Wire

MARCH 26, 2024

The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? If any of this resonates with your personal experience in the current market, you have officially entered the realm of interacting with homeowners in the post-pandemic economy.

Equity 459

Equity Loans Bankruptcy As-is 459

Housing Wire

OCTOBER 18, 2023

Multigenerational housing gains steam to combat affordability pressures According to a recent survey conducted by OnePoll , 61% of homeowners cited multigenerational housing as their primary motivation for constructing an ADU. a garage or basement) or when modern offsite construction is used to build a new structure.

Construction 545

Construction Banks Closing As-is 545

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. McCord used escrow accounts, meant to pay homeowners’ taxes and insurance premiums, to cover his company’s operating expenses.

Mortgages 544

Mortgages Lending Banks Loans 544

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Inventory remains exceptionally low and is restraining sales activity in much of the District.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

MARCH 21, 2024

The silver lining, however, is that builders have picked up their pace of construction. Compounding the lack of supply is the proverbial “lock-in“ effect that has disincentivized homeowners to sell their current properties, thereby giving up a low mortgage rate and taking on a new loan at a much higher rate. “A

Industrial 449

Industrial Banks Residential Lending 449

Housing Wire

APRIL 28, 2023

The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. In December, the bank agreed to pay $1.7 The partnership with T.D. Jakes said in a statement.

Lending 459

Lending Banks Commercial Equity 459

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 493

Construction Finance Land Design 493

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. 2022 should be a strong year for housing.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

JULY 31, 2024

Moreover, homeowners have the option to ratchet their costs even lower by refinancing when the economy slows and mortgage rates fall. Millions of homeowners have seized exactly these opportunities over the past few years, buying and refinancing when rates were relatively low in 2020 and 2021.

Finance 493

Finance Mortgages Construction Banks 493

Housing Wire

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. The company has brought on more than $80 million in investment properties since its launch in 2019.

Construction 397

Construction Banks Finance Technology 397

Housing Wire

SEPTEMBER 23, 2021

The central bank has said it would adjust its $120 billion in monthly purchases of U.S. If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted,” the bank said. The post Mortgage rates continue to idle at 2.88% appeared first on HousingWire.

Mortgages 476

Mortgages Fixed-rate mortgage Construction Banks 476

Housing Wire

APRIL 19, 2021

A number of these loans may be held in bank portfolios, where it is up to the bank’s discretion to offer relief it feel is most appropriate. “Homeowners who are still facing hardships and need to extend their forbearance term should contact their servicers.”. . The post Forbearance volume dips down to 4.5%

Loans 435

Loans Banks Construction Investor 435

Housing Wire

NOVEMBER 23, 2021

The cost gap also thwarts construction and development of modest homes, limiting the availability of affordable homes for first-time and first-generation homebuyers. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price. average — creating much-needed comparable sales.

Renovation 476

Renovation Construction Development Finance 476

Housing Wire

OCTOBER 9, 2024

With the death toll from Helene crossing the grim milestone of 230 this week — and with thousands of impacted homes without flood insurance wiped away — this could lead to a ripple effect that drives homeowners insurance premiums even higher. But it’s definitely going to change the origination calculus.” That’s no longer the case. “I

Mortgages 459

Mortgages Fixed-rate mortgage Industrial Construction 459

Housing Wire

JUNE 23, 2021

While these metrics are an advantage to existing homeowners who can capitalize on home appreciation, it presents a challenge for new homebuyers trying to enter the market. Decades of social and economic factors have made it even more challenging for minority homebuyers to become homeowners.

Marketing 448

Marketing Construction Industrial Mortgages 448

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. The annual investment volume in the U.S.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

MARCH 15, 2023

Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement.

Construction 397

Construction Banks Land Loans 397

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 369

Marketing Residential Construction Commercial 369

Housing Wire

APRIL 9, 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. We need to rein them in.

FHA loan 476

FHA loan Loans Title Mortgages 476

Housing Wire

JULY 27, 2023

After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. million units last month , supply is mostly coming from multifamily rental construction. Powell also said more supply was coming.

Construction 370

Construction Mortgages Sales Banks 370

Housing Wire

SEPTEMBER 21, 2023

While Fed Chair Jerome Powell emphasized incoming data will determine whether the central bank will raise its federal funds rate at its next FOMC meeting in November, the “dot-plot” of rate projections showed policymakers foresee one more hike by the year-end. Therefore, the Fed needs to wait and not raise rates.

Banks 448

Banks Mortgages Principal Commercial 448

Housing Wire

NOVEMBER 1, 2022

One of the most common misconceptions in the broader discussion of America’s housing crisis is that the rapid increase of the single-family rental (SFR) market is preventing prospective homeowners — especially younger homeowners — from attaining the American Dream. In the last year alone, U.S. home prices have risen 20%.

Fixed-rate mortgage 418

Fixed-rate mortgage Loans Banks New Construction 418

Housing Wire

JULY 25, 2023

Still-high mortgage rates mean that many homeowners feel ‘locked-in’ by their current mortgage rate and are choosing not to sell, leading to dwindling existing home inventory, and in return, existing home sales falling nearly 20% year-over-year. Where will prices go from here?

Construction 368

Construction Mortgages New Construction MLS 368

Housing Wire

APRIL 4, 2023

In particular, Holden noted the opportunity of training computer algorithms to review bank statements and identifying borrowers who have no credit but are making consistent rent payments every month. “We By 2040, 70% of new homeowners will be Latino but many could be denied a mortgage because of their high debt-to-income levels. “If

Industrial 435

Industrial Technology Banks Finance 435

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. We need to rein them in.

FHA loan 441

FHA loan Loans Title Mortgages 441

Housing Wire

MAY 4, 2023

The purchase market is locked up with a lack of inventory thanks to elevated rates and homeowners already having secured low mortgage rates during the pandemic years. Due to limited options available on the market, buyers are increasingly turning to newly constructed homes, Xu added.

Mortgages 397

Mortgages Loans Residential Equity 397

Housing Wire

JUNE 21, 2023

Currently there are 695,000 single-family units under construction, which is actually 136,000 units below the peak in May 2022. And there are currently 994,000 multifamily units under construction, the highest level since 1973. Single-family construction deliveries, meanwhile, will likely be more muted.

Construction 370

Construction Sales Commercial Land 370

Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Land 370

Land Construction Development Finance 370

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

Loans 435

Loans Renovation Construction Mortgages 435

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 418

Construction Purchase and sale agreement Land Investor 418

Housing Wire

MAY 10, 2023

In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. It’s great for existing homeowners whose properties become more valuable due to scarcity. It shows about 50 people waiting in line at an open house in Mount Laurel, New Jersey.

Loan Officer 397

Loan Officer Pre-approval Marketing New Construction 397

Housing Wire

APRIL 24, 2023

Studies have shown the emotional and psychological benefits that homeownership has on a person’s health and self-esteem, and that children of homeowners do better in school and have fewer behavior problems. According to the Federal Reserve, the median net worth for a homeowner is $254,900 compared to $6,270 for a renter.

Closing 397

Closing New Construction Loans Equity 397

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 435

Due diligence Marketing Mortgages New Construction 435

Housing Wire

SEPTEMBER 22, 2022

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market. Homeowners need to move because of family size and jobs,” Gelbman said.

Mortgages 397

Mortgages Loan Officer Loans Equity 397

Housing Wire

DECEMBER 16, 2021

The Fed and other central banks around the world are already responding to this trend with their words and are beginning to change their actions. Of course, that means that 15 million homeowners now have remarkably low mortgage rates. of all homeowners with a mortgage were in forbearance. What if it doesn’t?).

Mortgages 482

Mortgages Marketing Industrial Equity 482

Housing Wire

JULY 25, 2022

The Beige Book reports, published eight times a year, are based on interviews with bank directors, business and community organization leaders, economists, market experts and other sources. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Marketing 418

Marketing Residential Construction Mortgages 418