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Planet Home Lending adds new regional sales manager

Housing Wire

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S.

Lending 447
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Watchdog report: Institutional investors ‘may have contributed to increasing home prices’

Housing Wire

Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09. Additionally, technological advancements allowed companies to acquire and manage large portfolios of single-family homes more easily.”

Investors 462
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The Week Ahead: Preparing for 2025

Appraisal Buzz

Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Dr. Conerly’s analysis included interest rates, inflation, and the Federal Reserve’s strategic direction, with insights into consumer behavior, government spending, and construction.

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Some mortgage companies expanding despite challenges

Housing Wire

Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. Department of Agriculture (USDA). Chicago’s housing market started out hot in 2022.

Mortgage 397
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Comparing this housing market recession to 2008

Housing Wire

So, when housing peaked in 2005, we had a flood of inventory from home sellers who couldn’t buy a home, and that flood allowed the list to spike to over 4 million in 2007. As you can see below, today — a few days away from 2023 —with existing home sales trending at 2007 sales levels, it is strikingly different.

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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Data from John Burns Real Estate Consulting shows that student loan debt has increased 100% since 2007, keeping many renters in place. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. Jeff Ball is CEO of Viseo Lending.

Investors 435
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Private-label RMBS deals continue their hot streak

Housing Wire

Non-QM mortgages include loans to the self-employed, such as small-business owners or gig workers, and other borrowers who fall outside the box of agency lending guidelines.). We do view the announcement to be a constructive one for the non-agency market,” he said.

Mortgage 370