Housing Wire

SEPTEMBER 23, 2021

Richards claims that this demand was announced during a production meeting in August 2020, where Hsieh allegedly screamed, “I am Mello Clear, and we must immediately close loans regardless of documentation.” billion in 2020, according to Securities and Exchange Commission filings. billion in loans in 2020. billion in 2019 to $4.3

Retail 103

Retail Development Law Valuation 103

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. ” This is a developing story. million in unclaimed refunds. .

Insurance 469

Insurance Mortgage Development Legal 469

Housing Wire

JUNE 16, 2021

. “We now view stronger and persistent inflation as the principle risk to our forecast, though uncertainties over consumer behaviors related to reopening and COVID-19 developments remain,” Fannie Mae’s ESR Group said. Thus, we expect refinance volume will pull back from the 2020 peak throughout our forecast horizon.”

Housing Market 508

Housing Market Development New Listings Marketing 508

Housing Wire

MAY 21, 2024

is promoting its new development director, Jennifer Alese, to the position of chief business officer, The Real Deal reported on Monday. Alese will be the company’s first chief business officer, and Carolyn Sebba will replace Alese as the new development director. New York City -based brokerage SERHANT. The future of SERHANT.

Business 342

Business Brokerage Development Inventory 342

Housing Wire

AUGUST 5, 2022

When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs! Well, I was off by two months: Today, the BLS reported that 528,000 jobs were created with positive revisions of 28,000, which gave us just enough to pass the February 2020 levels.

Development 538

Development Housing Market Marketing Business 538

Housing Wire

AUGUST 11, 2020

Vaccine development is progressing with some promising early results. First and most importantly, the loan profiles in the previous record-breaking expansion from 2010 to 2020 were excellent. August is upon us, and the growth in the rate of new infections appears to be slowing. What can we expect post COVID-19?

Housing Market 545

Housing Market Development Marketing Mortgage 545

Housing Wire

SEPTEMBER 21, 2021

Department of Housing and Urban Development. higher than the August 2020 rate. In comparison, 40% of new homes sold in Spring 2020 were completely finished. homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% higher than a year ago, according to a new report by the U.S.

Construction 508

Construction Housing Market Inventory Development 508

Housing Wire

APRIL 2, 2021

Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. Total construction employment remains 182,000 below its February 2020 level. from the pre-2020 recession peak in Feb. million unemployed persons – 4 million higher than at the beginning of Feb.

Inventory 513

Inventory Construction Housing Market Business 513

Housing Wire

SEPTEMBER 24, 2021

Census Bureau and the Department of Housing and Urban Development. percent) below the August 2020 estimate of 977,000.” family houses in August 2021 were at a seasonally adjusted annual rate of 740,000, according to estimates released jointly today by the U.S. percent (±15.1 percent (±19.1

Housing Market 519

Housing Market Marketing Development Real Estate 519

Housing Wire

MAY 14, 2024

His responsibilities will include overseeing enhancements to the Empower loan origination system (LOS) and establishing Dark Matter’s developer community. In his new capacity, Rao will directly report to chief product officer Stephanie Durflinger.

Technology 397

Technology Development Mortgage 397

Housing Wire

OCTOBER 21, 2020

The Department of Housing and Urban Development announced on Tuesday an extension allowing single-family homeowners with Federal Housing Administration -insured mortgages to request an initial forbearance through Dec 31, 2020. Major forbearance policy changes have been set into motion. 30 to request forbearance.

Insurance 544

Insurance Development Mortgage Finance 544

Housing Wire

DECEMBER 20, 2021

Fannie Mae met all of the housing goals the Federal Housing Finance Agency imposed for 2020, but Freddie Mac failed its low-income refinance goal. The FHFA also determined that meeting the 2020 goal was feasible for Freddie Mac. The government-sponsored enterprise lagged the wider market in its acquisitions of low-income refinances.

Real Estate Agent 524

Real Estate Agent Government Real Estate Finance 524

Housing Wire

NOVEMBER 13, 2020

As of September 2020, there were enough homes in inventory to last 2.7 “Transforming raw land into developable lots and new supply are clearly needed to help tame the home price growth.” By the end of Q3, 1.47 million existing homes were available for sale, which is 19.2% months at the current sales pace.

Inventory 539

Inventory Realtors Buyers Development 539

Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. percent) above the April 2020 estimate of 582,000.” family houses in April 2021 were at a seasonally adjusted annual rate of 863,000, according to estimates released jointly today by the U.S. percent (±11.2 percent (±24.5

Housing Market 515

Housing Market Development Marketing 515

Housing Wire

JANUARY 23, 2024

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

Tenants 372

Tenants Development Investing Design 372

Housing Wire

AUGUST 26, 2024

The median home sales price in late July was $412,300, a slight decrease from the previous three months, yet still 28% above the second quarter of 2020, according to data by the Federal Reserve Bank of St. since the beginning of 2020. Currently, more than 44 million U.S. rise over the same period. In 2001,10.9 This number grew to 14.3

Marketing 422

Marketing Real Estate Agent Investors Tenants 422

Housing Wire

NOVEMBER 25, 2020

million until we reached the years 2020-2024. The Census Bureau reports : “New Home Sales Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Housing Market 538

Housing Market Inventory Construction Marketing 538

Housing Wire

DECEMBER 23, 2020

From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. We saw this happen when inventory rose in 2018 and 2020.

Inventory 531

Inventory Construction Housing Market Design 531

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. months at the current sales rates as builders attempt to keep up.

Inventory 535

Inventory Realtors Contracts Development 535

Housing Wire

AUGUST 21, 2020

For the casual observers of the market, it may seem intuitive that with all the economic chaos we suffered during the first half of 2020, the housing market would take a drastic hit – from which it would be difficult to recover. I have talked about this before, that the years 2020-2024 would be the time where housing could outperform.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

JUNE 17, 2021

“Since reaching a survey-high 927,000 units in October 2020, the annual pace of new home sales has now fallen around 20 percent, weighed down by low housing inventory and rising prices,” said Kan. That’s more than 50% above above the May 2020 rate — when the COVID-19 pandemic was at its height in the country — of 1.05

Inventory 508

Inventory Construction Contracts Mortgage 508

Housing Wire

JUNE 28, 2022

Since the summer of 2020, I have talked about how to cool down home sales: we need the 10-year yield to break over 1.94%. Also, certain investors felt no fear post-2020. When it comes to the years 2020-2024, don’t think of a housing boom in sales or credit. To sum it up, this is not how I wanted 2020-2024 to turn out.

Housing Market 480

Housing Market Marketing Inventory Investors 480

Housing Wire

DECEMBER 5, 2022

In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association. As quickly as rates dropped in March of 2020, as quickly as they rose in 2022, markets shift.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

OCTOBER 26, 2021

Census Bureau and the Department of Housing and Urban Development. percent) below the September 2020 estimate of 971,000.” family houses in September 2021 were at a seasonally adjusted annual rate of 800,000, according to estimates released jointly today by the U.S. This is 14.0 percent (±17.9 percent (±12.1

Housing Market 481

Housing Market Marketing Development Real Estate 481

Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

Tools 395

Tools Technology Valuation Development 395

Housing Wire

MARCH 7, 2024

Against a backdrop of constrained housing supply , the pace of migration has slowed compared to 2020 and 2021. Simultaneously, homebuilders are expected to buy more land in smaller, more affordable metros to secure future development opportunities. But where movement does occur, it tends to be over shorter distances.

Development 411

Development Marketing Housing Market Real Estate 411

Housing Wire

OCTOBER 15, 2021

Schreiner Gates assumed the CEO mantle in June after founder Matt Hansen stepped down to lead a team of software developers and sales staff for upcoming research and development tactics within SimpleNexus. Schreiner Gates had served as president at SimpleNexus since September 2020.

Technology 475

Technology Development Business Mortgage 475

Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. I feel really good about where we are with FHA Catalyst,” she told HousingWire.

Modernization 417

Modernization Development Technology Mortgage 417

Housing Wire

JULY 26, 2021

.” According to the White House, the pandemic-related foreclosure ban extended by the United States Department of Agriculture (USDA), the Department of Veterans Affairs (VA) and the Department of Housing and Urban Development (HUD) will lift on July 31. By stage, 9.8% are in an extension. By stage, 9.8% are in an extension. Another 23.2%

Finance 492

Finance Development Mortgage 492

Housing Wire

JULY 16, 2024

Diane Yentel, president and CEO of the National Low Income Housing Coalition (NLIHC), released a statement that applauded the proposal as “historic” while also making a call to enact elements of the organization’s National Tenants Bill of Rights, which it developed in conjunction with other affordable housing advocacy organizations.

Landlords 482

Landlords Construction Land Management Tenants 482

Housing Wire

MARCH 4, 2024

Levine Cava aims to prioritize projects that enhance urban density while also tapping into county land for “massive property development,” she told Bloomberg. As a result, Los Angeles now has more affordable housing units in the pipeline than in 2020, 2021 and 2022 combined.

Finance 442

Finance Property Taxes Insurance Development 442

Housing Wire

DECEMBER 5, 2023

The lawsuit, filed in the Fourth Judicial Circuit Court in and for Duval County, Florida, sought $340 million in damages and injunctive relief under the Florida Uniform Trade Secrets Act and declaratory judgment of ownership of all intellectual property and software developed by or on behalf of Pennymac. per share.

Contracts 403

Contracts Development Legal Law 403

Housing Wire

AUGUST 23, 2021

A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. However, even with the availability of more homes on the market, inventory for homebuyers is down 12% from 2020 (1.5 The inventory of unsold homes rose by 7.3%

Inventory 488

Inventory Housing Market Buyers Realtors 488

Housing Wire

FEBRUARY 27, 2024

Department of Housing and Urban Development (HUD) and the U.S. Thanks to the joint efforts of HUD, VA, and the United States Interagency Council on Homelessness (USICH), the number of Veterans experiencing homelessness has fallen by 4% since early 2020, and by 52% since 2010,” the announcement stated.

Tools 453

Tools Development 453

Housing Wire

APRIL 7, 2021

markets; by December 2020, prices were already up 23.6% While moving itself can be stressful, changing zip codes in 2020 and 2021 seems to be eliciting mostly happiness. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. This data factors into what Zillow believes will be approximately 2.5

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

SEPTEMBER 9, 2024

This acquisition furthers our long-term plan of developing a full-service commission-free homebuying and financing technology platform powered by our proprietary AI technology and dedicated professionals,” Brent Miller, chief financial officer of reAlpha, said in a prepared statement.

Brokerage 362

Brokerage Mortgage Real Estate Renovations 362

Housing Wire

JUNE 23, 2022

Ginnie’s delinquency reporting exemptions were first announced in mid-2020. At the time, the guarantor said it would exclude any new issuer delinquencies occurring on or after April 2020 in recognition that delinquency rates would likely swell in response to government-mandated forbearance.

Inspection 394

Inspection Government Finance Development 394