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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Days on market increased slightly but remained below historic averages.

Mortgage 448
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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

The cash-flow net present value (NPV) of the HECM book also increased year over year, from $3.646 billion in 2022 to $6.742 billion in 2023. Change in cash flow While there was no single factor that led the HECM book’s value to a higher level last year, the reviewers pointed instead to multiple elements that dictated the results.

Mortgage 434
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25 books real estate leaders are reading today

Housing Wire

Looking for a book to push your mindset to positivity? In the Q2 2023 BrokerPulse survey , RealTrends asked real estate leaders what books they’re reading for motivation, inspiration and leadership advice. The book uses author’s anecdotes alongside scientific research to teach you how to create a grateful attitude.

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Reverse mortgage book inside MMI Fund continues to evolve

Housing Wire

The report on the Home Equity Conversion Mortgage ( HECM ) book of business inside the Mutual Mortgage Insurance (MMI) Fund served as another positive development for the program. The cash-flow net present value (NPV) of the HECM book also increased during the year, going from $6.742 billion in 2023 to $8.399 billion in 2024.

Mortgage 264
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Highly leveraged loans on the GSEs’ books are a real fiscal danger, Calabria argues

Housing Wire

Taylor Stork , the president of CHLA and the chief operating officer of Developer’s Mortgage Co. At policy panels held by the Community Home Lenders of America (CHLA) on Monday in Washington, D.C.,

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SERHANT. appoints its first chief business officer

Housing Wire

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 443
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Lennar triples down on homebuilding plans

Housing Wire

Its apartment development business and single-family rental joint-venture, and a stake in master-planned community developer Five Point Holdings would be among the businesses being spun off into a new company. Apartment owners/developers trade at ~2x book value, while land developers trade at closer to 1x book.