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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. The company reportedly originated $6.5

Land 222
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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. The demand is clear — the Boise housing market has just 0.3

Marketing 534
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New home sales rose by 9.6% in March

Housing Wire

On a year-over -year basis, however, new home sales are still down 3.4%. Buyers have begun to adjust to the elevated mortgage rate levels, especially in areas where home prices have adjusted downwards to compensate,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. This represents 7.6

Sales 435
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Housing starts dropped 9.0% in 2023

Housing Wire

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Looking ahead, homebuyers who may be looking to purchase a new construction home may continue to struggle with lack of inventory in 2024, as the overall estimated number of building permits issued in 2023 was down 11.7%

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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit.

VA loan 448
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Ginnie Mae announces expansion of ESG MBS label to single-family pools

Housing Wire

That record provides pool-level aggregate information about the extent of loans and unpaid principal balance (UPB) dollars that are in low- and moderate-income areas, with a chart illustrating the percentage of loans, percentage of UPB of ESG-flagged pools and/or loans and totals of the total portfolio over the last 12 months.

Principal 434
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Only in Austin, Texas are home prices sinking

Housing Wire

New construction starts and completions were both strong in May, which is welcome news. As of June 22, with 30-year rates at 6.67%, the principal and interest (P&I) payment needed to buy the median-priced home rose to $2,258, marking the highest payment on record. For-sale listings deteriorated in 95% of major U.S.

Principal 418