Housing Wire

JANUARY 16, 2025

” Residential construction workers are at risk of facing job losses for the first time in this recovery yet the Fed often takes a hawkish stance in its statements at key points, which tends to drive mortgage rates higher. It’s not booming. It’s not falling.” However, we know that this is unlikely to happen.

Mortgages 511

Mortgages Residential Construction Marketing 511

Housing Wire

DECEMBER 23, 2024

Is 2025 the first year we start losing residential construction jobs? Earlier this year, mortgage rates were trending at 7.50%; during that time, we received one negative monthly residential construction labor report. As mortgage rates keep increasing along with supply, this doesnt bode well for housing starts growing meaningfully.

Residential 525

Residential Construction Sales Mortgages 525

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

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. It’s important to note that remodeling workers comprise a significant portion of the residential construction workforce.

Construction 510

Construction Residential Sales Mortgages 510

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. Two of every three dollars made by the residential segment came from services for buyer agents.

Investor 482

Investor Residential Agents MLS 482

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 429

Mortgages Fixed-rate mortgage Lending Residential 429

Housing Wire

SEPTEMBER 24, 2024

Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital. He will report to John Beacham , CEO of Roemanu and Toorak.

Residential 433

Residential Commercial Finance Loans 433

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. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity.

Mortgages 508

Mortgages Residential Construction Marketing 508

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

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. Why is this happening?

Construction 535

Construction Residential New Construction Finance 535

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

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 ). There are other dynamics at play for some of these companies, however.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

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. The potential for water-related disasters is real.

Property Management 468

Property Management Residential Development As-is 468

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. According to the Federal Deposit Insurance Corp. FDIC), banks held $2.78

Banks 493

Banks Commercial Residential Lending 493

Housing Wire

APRIL 4, 2024

If approved, the changes would boost capital requirements for large banks’ residential mortgage portfolios compared to international standards. Powell assured lawmakers that significant changes would be made to the forthcoming broad revisions to the regulatory framework. Trade groups have opposed the new regulations.

Banks 513

Banks Commercial Residential Loans 513

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.

MLS 448

MLS Residential Equity Agents 448

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.

Construction 493

Construction Residential Mortgages As-is 493

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 442

Residential Brokerage Land Branding 442

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

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 396

Residential Construction MLS Mortgages 396

Housing Wire

AUGUST 13, 2024

Kiavi , a San Francisco-based lender for residential real estate investors , announced on Tuesday the closing of a $400 million rated securitization of residential transition loans (RTLs) in an “oversubscribed” transaction. billion in 2024 alone.

Investor 447

Investor Principal Mortgages Residential 447

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. CEO Sergio Ermotti added on a media call that a “consortium” acquired the business. Reuters first reported on the transaction.

Investor 475

Investor Mortgages Banks Principal 475

Housing Wire

JULY 8, 2024

Roughly eight months after acquiring PacWest Bancorp in a rescue deal , Banc of California is selling roughly $2 billion in business-purpose residential mortgage loans, according to Bloomberg. billion of single-family residential loans at a discount. The bank entered into an agreement to buy $1.8

Loans 434

Loans Principal Banks Residential 434

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

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

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.

Principal 434

Principal Residential Development Sales 434

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Loans 434

Loans Finance Residential Renovation 434

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. He had a particular focus on residential developers and homebuilders.

Finance 447

Finance Residential Investor Lending 447

Housing Wire

AUGUST 19, 2024

Kaminsky’s conduct was not just incidental to CoStar’s business but went to the heart of an important business objective at CoStar and his role at CoStar — namely, the creation of quality content to drive website traffic to a residential real estate listings website.

Residential 435

Residential Branding As-is Industrial 435

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. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month.

Mortgages 493

Mortgages Marketing Construction Residential 493

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. Click Here

Marketing 364

Marketing Residential Commercial Loans 364

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. “We

Due diligence 435

Due diligence Mortgages Investor Technology 435

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. Led by Mike DelRose Sr., Mike DelRose Jr. DelRose Sr.

Brokerage 459

Brokerage Residential Commercial Development 459

Housing Wire

OCTOBER 4, 2024

Residential construction added 2,000 jobs from a month prior and an additional 5,800 residential specialty trade contractors entered the work force. Over the past 12 months the construction sector has averaged a gain of 19,000 jobs per month.

Construction 476

Construction Residential MLS Land 476

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 473

Equity Investor Residential Finance 473

Housing Wire

APRIL 10, 2024

Residential mortgage originators are responsible for filing data with the CFPB under the Home Mortgage Disclosure Act. Out of 1,990 counties that had at least 100 single-family purchase mortgage originations in both 2022 and 2023, the median interest rate rose in every single one in 2023.

Mortgages 468

Mortgages Residential Commercial Loans 468

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. The majority of the job gains occurred in construction (+34,000 jobs), health care (+31,000 jobs), social assistance (+13,000 jobs).

Residential 456

Residential Construction Mortgages As-is 456