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Highlands Residential Mortgage hires Daniel McCoy as regional construction loan manager

Housing Wire

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Highlands Residential Mortgage is a retail lender based in Allen, Texas. Experience.com ranked Highlands Residential as the No. The lender has more than 40 branches in 16 states.

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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. What does this mean for the residential real estate sector and how business-purpose mortgage lenders are trying to expand?

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Washington state lawmakers working on commercial-to-residential conversion bill

Housing Wire

The House of Representatives in the state of Washington last week approved a bill that seeks to expedite the process of converting commercial buildings into residential complexes. House Bill 1757 extends these allowances to commercial buildings in primarily residential zones. The measure passed overwhelmingly in a vote of 95-2.

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Private equity and insurance companies piling into residential mortgages

Housing Wire

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. The current stress in the CRE and C&I loan markets further highlights the advantages of residential mortgages.

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Mortgage rates fall after remarks by Fed President Waller

Housing Wire

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.

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The homebuilders’ 2025 supply and demand problem

Housing Wire

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.

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The Federal Reserve’s housing recession dilemma

Housing Wire

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.