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Kiavi lands another $300M in its latest RTL securitization

Housing Wire

The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. This move follows Kiavi’s recent expansion announcement , in which it shared plans to offer its products in 13 new states.

Land 219
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Homes in Boise, Idaho are “flying off the market”

Housing Wire

Steven Caporale, founder and principal of Accel Realty Partners in Boise, has been in the industry for 25 years and said he’s never seen the housing market look like this. “In New construction continues to take more and more of our market,” Dopp said. Next year, it’ll probably be close to 50%.”.

Marketing 534
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Only in Austin, Texas are home prices sinking

Housing Wire

While prices are still well below peak levels across the West and in many pandemic boom towns, price firming in recent months has begun to close those gaps. New construction starts and completions were both strong in May, which is welcome news. Austin, Texas, is a notable exception. markets in 2023.

Principal 418
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Mortgage rates might soar even higher

Housing Wire

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgages 448
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Rocket has a profitable quarter and a new CEO

Housing Wire

Rocket reiterated its priority of diversifying client acquisition channels, lowering client acquisition costs and engaging clients through their lifetime — lifting conversion from lead to close. The Detroit-based lender closed the second quarter with $900 million cash-on-hand and $6.4 Rocket’s liquidity improved in Q2 to $8.6

Loans 370
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What to Look For in New-Construction Homes: These 5 Crucial Aspects Should Be on Your Radar

Realtor.com

However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. Quality of the build. Possible upgrades and design options.

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Rate buydowns are the cat’s meow in today’s market

Housing Wire

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

Marketing 435