Housing Wire

DECEMBER 3, 2024

Visentini recently served as the investment bank’s head of firm strategy for execution and innovation. The graduate of Boston College then moved to Morgan Stanley, where he held multiple managing director roles in several departments — including investment banking, capital and firm strategy.

Banks 370

Banks Commercial Residential Construction 370

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. Jumbo loans account for approximately 12% of all loans originated as of February 2022.

Banks 397

Banks Lending Fixed-rate mortgage Construction 397

Housing Wire

MARCH 22, 2023

The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. billion from the Federal Home Loan Banks , $10.5 billion in Bank Term Funding Program borrowings. The company secured $1.4 The company secured $1.4

Banks 418

Banks Commercial Loans Investor 418

Housing Wire

MARCH 20, 2023

Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.” The effects of a frozen housing market will be felt far beyond the construction and mortgage industries. Although February single-family housing starts ticked up 1.1%

Banks 418

Banks Mortgages Fixed-rate mortgage Loans 418

Housing Wire

JULY 13, 2022

What does ESG’s growth and current ubiquity mean for residential MBS markets? If done responsibly, ESG and RMBS should coexist in a positive, self-reinforcing, meaningful way, and one that establishes the residential mortgage market as a best practices leader in the movement overall.

Residential 395

Residential Mortgages Investor Development 395

Housing Wire

JANUARY 30, 2025

New construction The reverse mortgage industry has, for a while, aimed to communicate the potential benefits of the Home Equity Conversion Mortgage ( HECM ) for Purchase program as a mechanism for securing a new home by using a reverse mortgage. They have quality concerns, specifically with how they’re built today, he said.

Inspection 266

Inspection Mortgages New Construction Equity 266

Housing Wire

JULY 23, 2024

Melissa Perez, a former director of operations at First Republic Bank , has joined Dunmor as senior vice president of operations. Prior to joining Dunmor, Perez led a team of more than 120 employees across six offices at First Republic Bank. She also held prior leadership roles at Prospect Mortgage , Citinet Mortgage and Countrywide.

Lending 440

Lending Banks Residential Construction 440

Housing Wire

JANUARY 6, 2023

The lion’s share of the job growth in December came from gains in the leisure and hospitality sector (up 67,000 jobs), the health care sector (up 55,000 jobs), and the construction sector (up 28,000 jobs). The construction sector’s large increase is thanks to a sizable gain in the number of specialty trade contractors which added 16,600 jobs.

Marketing 482

Marketing Residential Construction MLS 482

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Marketing 448

Marketing Residential Construction Sales 448

Housing Wire

AUGUST 5, 2022

Construction gained 32,000 jobs in July, with residential building gaining 2,900 jobs and residential specialty trade contractors gaining 11,200 jobs. Employment in the construction sector is now 82,000 jobs higher than in February 2020. Residential building employment is up 7.5%

Residential 448

Residential Construction Banks Mortgages 448

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 468

Loans Investor Banks Finance 468

Housing Wire

OCTOBER 2, 2024

Mullen also clarifies that the term RTL, or residential transition loan, is synonymous with the fix-and-flip mortgage. Mullen describes Pretium’s platform as a residential ecosystem that originates nontraditional mortgages. Mullen explains that Pretium wants to leave the banking system behind in favor of private credit. “I

Lending 459

Lending Banks Loans Residential 459

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

APRIL 28, 2023

“This alliance with our organization allows us to further our four decades-long work to provide economic justice, eradicate food deserts, construct desirable workplaces and affordable housing, closing the digital divide and ultimately help families leave a rich and lasting legacy for the next generation,” T.D.

Lending 459

Lending Banks Commercial Development 459

Housing Wire

FEBRUARY 12, 2024

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. It also has a niche in construction and manufactured home loan programs.

Lending 452

Lending New Construction Construction Finance 452

Housing Wire

DECEMBER 1, 2022

Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”.

Marketing 370

Marketing Residential Construction Sales 370

Housing Wire

APRIL 7, 2023

In its latest meeting, it raised the federal funds rate by 25 basis points amid a banking crisis. The housing market The construction sector lost 9,000 jobs in March, thanks to a significant decline in the specialty trade contractors segment of construction, which lost 13,900 jobs. in December 2022, but still strong.”

Marketing 418

Marketing Construction Residential Industrial 418

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 440

Industrial Banks Residential Lending 440

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. After mixed results in January , the U.S.

Residential 370

Residential Construction Renovation Industrial 370

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. SK: Construction lending is extremely complex, and in which banks have traditionally been the dominant players.

Marketing 476

Marketing Construction Investor Finance 476

Housing Wire

JULY 11, 2024

Transitioning to factory building from on-site construction reduces building costs by 20% and significantly improves delivery time; and by using green materials, developers can open up new financing options that, together, turn project economics right-side-up. The result is a sharp increase in labor costs, and longer construction times.

Development 434

Development Construction Finance Investor 434

Housing Wire

FEBRUARY 3, 2023

The construction sector added 25,000 jobs in January thanks to a big uptick in the number of specialty trade contractors (up 21,900 jobs). In addition, non-residential building construction added 4,100 jobs, compared to just 100 jobs in residential construction “Residential building construction employment is up 3.5%

Marketing 370

Marketing Residential Construction MLS 370

Housing Wire

MAY 5, 2023

“Even if the Fed increases the federal funds rate again next month, it is possible that mortgage rates could come down, with lingering uncertainty in the banking sector and declining consumer confidence pushing investors to safer investments, like U.S. Treasuries. Falling mortgage rates would provide more juice to the U.S.

Construction 397

Construction Residential MLS Mortgages 397

Housing Wire

MAY 17, 2023

The faster we get 5-unit construction finished, the better we can fight against inflation and get lower mortgage rates. However, you can see why construction employment has stayed firm. As we all know, we have a record number of apartments under construction. So, how many 5-units under construction do we have today?

Mortgages 544

Mortgages Construction As-is Staging 544

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 366

Marketing Residential Construction Commercial 366

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. Veritex is one of Texas’ largest banks, with $8.8 billion purchase of Caliber Home Loans , New York Community Bank ‘s pending $2.6 It posted net income of $31.8

Mortgages 370

Mortgages Lending Banks Loans 370

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. Redfin defines investors as any institution or business that acquires residential real estate.

Marketing 545

Marketing Construction Development Investor 545

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 326

Technology Closing Construction Commercial 326

Housing Wire

SEPTEMBER 14, 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. Boston — Higher interest rates cooled home-buying demand, leading to fewer closed sales in the First District’s residential real estate markets.

Industrial 370

Industrial Residential Construction Mortgages 370

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. Last month, New Residential Investment Corp., and other owners. The terms of the deal were not disclosed.

Loans 369

Loans Finance Residential Investor 369

Housing Wire

SEPTEMBER 7, 2022

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. bank and available to U.S. In the long term, we plan to acquire land or residential properties in Dallas as well as other cities and states in the U.S.

Development 397

Development Land Residential Construction 397

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

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. “We do not see new construction returning in a meaningful way any time soon. About 9.1%

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

AUGUST 8, 2023

Some regional banks working in the space collapsed due to a tightening monetary policy and a deposit run. of residential single-family mortgage volume in 2022, up from 19% in the previous year but down from 24.4% A tough moment for banks Originating jumbos became trickier in the wake of the 2020-2021 refi boom.

Banks 370

Banks Loans Mortgages Lending 370

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 397

Mortgages Loans Residential Equity 397

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, It made way for the creation of 450 new jobs after the construction ended in summer 2021.

Mortgages 369

Mortgages Loan Officer Residential Loans 369

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