article thumbnail

Future-proofing real estate: Why developers are turning to modular for sustainability and resilience

Housing Wire

In response to drastic economic changes and environmental concerns, industries are quickly realizing the benefits of investing in sustainable practices that can positively impact their business operations. Over the next several decades, this will require our industry to invest in the development of truly recyclable building materials.

article thumbnail

Ally Financial closes mortgage origination business

Housing Wire

Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. Bloomberg was the first to report the developments.

Business 369
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can a market be too hot? Should smaller developers get worried when bigger developers pile in

Housing Wire

The Florida real estate market has reached unprecedented heights with major projects getting funding from developers across the country and even overseas. Cities like Miami have become microcosms of development, attracting major investors eager to capitalize on the state’s appeal, creating high-profile, mixed-use developments.

article thumbnail

SERHANT. secures $45M to further develop its AI platform

Housing Wire

Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. The company believes S.MPLE will optimize workflows and help scale other parts of its business, including the brokerage. The investment — which is going to SERHANT.

article thumbnail

Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

article thumbnail

Secondary market for construction financing could help spur multifamily developments

Housing Wire

It could also potentially create “an economic environment where housing production achieves a degree of insulation from the business cycle factors that are not indicative of housing demand,” the report said. Establishing a national housing construction fund has the potential to reduce burdens on builders and lenders caused by higher rates.

article thumbnail

How to leverage a growth mindset to drive our industry (and your business!) forward

Housing Wire

With thoughtfully designed tools to drive better conversion rates, automate social media marketing, and streamline time consuming tasks, technology is a key enabler to business growth, but only when fully maximized. Stuart Sim is the VP of Industry Development at Lofty.

Business 360