Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. We look to acquire right-sized, financially solid distributed retail companies.” The financial terms of the transaction have not been disclosed.

Retail 416

Retail Mortgage Lending Renovations 416

Housing Wire

FEBRUARY 4, 2022

After months of growth, the construction sector lost 5,000 jobs in January from December, due to the loss of 9,500 jobs in heavy and civil engineering construction. As a whole, the construction sector is still 85,000 jobs below its February 2020 level. Residential building construction employment is up 5.3%

Supply Chain 422

Supply Chain Construction Inventory Retail 422

Housing Wire

MAY 6, 2024

million in mortgages last year, mainly for building and construction. Last week, California-based Mountain West Financial sold its retail assets to competitor ML Mortgage Corp. Last month, CMG Financial acquired Norcom Mortgage ’s retail assets.

Mortgage 389

Mortgage Retail Loan Officers Construction 389

Housing Wire

JANUARY 10, 2025

The bulk of the job gains in December occurred in the care (+46,000 jobs), government (+33,000 jobs), retail trade (+43,000 jobs), and social assistance (+23,000 jobs) sectors. The construction sector showed little month-over-month change, adding just 8,000 jobs.

Construction 317

Construction Housing Market Retail Real Estate 317

Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

Construction 468

Construction Retail Law Inventory 468

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. The lender also brought over 45 former retail branches from Finance of America Companies Inc. FoA) months after it shut down its forward mortgage segment.

Retail 368

Retail Mortgage Lending Renovations 368

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officers 372

Loan Officers Retail Lending Renovations 372

Appraisal Buzz

OCTOBER 8, 2021

Sectors that saw the greatest job gains in September included leisure and hospitality, professional/business services, retail, and transportation/warehousing. The construction sector, however, only added 22,000 jobs in September and has shown little net change thus far this year, the BLS notes. Employment in construction was 201,000.

Construction 195

Construction Transportation Retail Business 195

Housing Wire

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. OneTrust has had some recent leadership changes.

Loan Officers 415

Loan Officers Mortgage Retail Lending 415

Housing Wire

FEBRUARY 5, 2024

Before joining OneTrust Home Loans, Hecht served as head of production and executive vice president for national retail lending at Newrez , formerly known as Caliber Home Loans.

Lending 379

Lending Retail Construction Tools 379

Housing Wire

AUGUST 31, 2023

Mars Bank — an independent community bank in Pennsylvania — offers mortgage lending, retail and commercial banking in six locations throughout the state. In its mortgage division, the bank offers construction, purchase loans, home equity loans as well as HELOCs in addition to providing consumer loans, wealth management and merchant services.

Retail 352

Retail Lending Construction Technology 352

Housing Wire

JUNE 6, 2023

Cleveland – Demand for residential construction and real estate has stabilized in this District, and contacts attribute this stabilization to the arrival of spring and flattening interest rates. Chicago – Residential construction activity has been down modestly in this District.

Inventory 453

Inventory Real Estate Construction New Listings 453

Appraisal Buzz

OCTOBER 25, 2024

In their new study , “ghost towns” are modern metro areas on the edge of decline due to decreasing population and increasing home and retail vacancies. Homes vacant for longer than two years show a pattern of long-term decline, while retail vacancy rates impact the local economy and decreasing new building permits show lesser investments.

Retail 355

Retail Modernization Construction Realtors 355

Housing Wire

OCTOBER 24, 2024

Equity stripping An analysis of more than 10,000 properties that have sold on the retail market so far in 2024 after previously being scheduled for foreclosure auction on Auction.com shows that pre-foreclosure buyers are purchasing at an average discount of 14% below estimated after-repair market value. “I’m I don’t think that’s fair.”

Retail 430

Retail Buyers Renovations Finance 430

Appraisal Buzz

AUGUST 22, 2024

Office spaces and retail properties, though facing challenges from shifts in work patterns and consumer behavior, are seeing selective investment, especially in regions with robust economic activity. Meanwhile, under-construction office space totaled 73.8 million square feet nationwide, representing 1.1% of existing stock.

Investing 435

Investing Retail Construction Tools 435

Housing Wire

SEPTEMBER 2, 2022

Construction gained 16,000 jobs in August, with residential building gaining 2,300 jobs and residential specialty trade contractors gaining 8,600 jobs. Heavy and civil engineering construction, meanwhile, lost 2,000 jobs. “The increase in the unemployment rate largely reflects more workers entering the workforce.”.

Real Estate 420

Real Estate Construction Retail Housing Market 420

Housing Wire

DECEMBER 6, 2024

The majority of Novembers job gains occurred in health care (+54,000 jobs), leisure and hospitality (+53,000 jobs), government (+33,000 jobs), and social assistance (+19,000 jobs), while retail trade lost 28,000 jobs. The construction sector posted modest jobs gains in November, gaining a total of 10,000 jobs from the month prior.

Marketing 368

Marketing Construction Retail Real Estate 368

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 410

Inventory Housing Market Marketing Construction 410

Housing Wire

JANUARY 31, 2023

Almost three months after Finance of America Mortgage shut down, Reich brought over 21 retail branches to form his own retail division at Go Mortgage. To do so, they plan on capitalizing on single close construction loans in addition to the conventional, government, and jumbo loans. “We In-house is key.

Mortgage 384

Mortgage Loan Officers Retail Finance 384

Housing Wire

MAY 24, 2024

Prior to joining Movement Mortgage, Thompson served as the senior vice president and regional sales manager at PrimeLending , where he oversaw $1 billion in annual retail volume across the Texas markets of Houston, Austin, San Antonio and Laredo. I align perfectly with Movement’s core conviction of existing to love and value people.”

Mortgage 360

Mortgage Renovations Loan Officers Retail 360

Housing Wire

AUGUST 28, 2023

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. The terms of the deal were not disclosed. The company had 227 active loan officers and originated $830 million in the last 12 months.

Mortgage 342

Mortgage Retail Loan Officers Construction 342

Housing Wire

DECEMBER 22, 2020

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. The investment will also aide in the development of adjacent affordable housing and health clinics in Central America, the company said in a statement this week.

Investing 418

Investing Mortgage Development Retail 418

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Technology 372

Technology Retail Lending Design 372

Housing Wire

JUNE 3, 2022

Employment in retail trade declined. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but retail trade took a big hit. Job openings in construction and manufacturing have picked up recently. Months are homes under construction 0.8 Ghost Supply 2.2

Construction 523

Construction Retail Transportation Marketing 523

GoForrmz

MAY 4, 2021

” — Greg Marshall, CFO, Omega Construction. About Omega Construction Since 1975, Omega Construction has provided pre-construction and construction services to a variety of industries, including hospitality, retail, industrial and distribution, historic preservation, and commercial.

Construction 148

Construction Retail 148

Housing Wire

JANUARY 18, 2024

Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year. This week, December’s retail sales report showed strong consumer spending even after adjusting for holiday spending and inflation as policy makers mull rate cuts.

Mortgage 532

Mortgage Inventory Retail Construction 532

Housing Wire

JANUARY 7, 2022

Construction jobs came in positive but we still have a fairly high level of construction job openings currently. The lack of construction productivity over the decades has been one reason why I have never believed in a housing construction boom in America. Here is a look at the job gains and losses reported today.

Mortgage 494

Mortgage Construction Retail Marketing 494

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. Leonhardt claims CCM is number one in seven of the top 10 states in distributed retail. He said that AmCap helps mainly with the Houston market.

Retail 363

Retail Mortgage Loan Officers Training 363

Housing Wire

FEBRUARY 23, 2024

With single-family permits and starts now back in alignment, we expect new single-family construction to continue to drift upward in coming months.” “Single-family permits in contrast edged up 1.6 percent in January, back in line with the overall starts series,” the report noted. Fannie Mae forecasts total mortgage origination volume of $1.92

Housing Market 479

Housing Market Marketing Retail Mortgage 479

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. TreeHouse worked with Tesla on an ecofriendly home battery and opened a 25,000-square-foot retail store in Dallas. Khater wrote.

Construction 410

Construction Supply Chain Investors Business 410

Housing Wire

OCTOBER 4, 2024

Retail sales, housing starts, industrial production, jobless claims and now the Jobs Friday report came in as a beat of estimates. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction. Since the Federal Reserve cut rates by 0.50% on Sept. percent, the U.S.

Mortgage 449

Mortgage Construction Retail Government 449

Housing Wire

DECEMBER 2, 2022

Employment in the construction industry was up by 20,000 jobs from October, thanks to large gains in nonresidential building (up 8,200 jobs) and residential specialty trade contractors (up 6,500 jobs). Meanwhile, 4 million people quit their jobs during the month, looking for better employment.”.

Transportation 429

Transportation Real Estate Construction Retail 429

Housing Wire

JULY 19, 2023

Go Mortgage, licensed in 44 states, originates in both the retail and wholesale channels. In the wholesale channel, the Ohio lender is predominantly construction-oriented — filling the niche with mortgage brokers who are trying to provide construction lending solutions.

Mortgage 340

Mortgage Marketing Retail Construction 340

Housing Wire

OCTOBER 24, 2023

Regarding his transition from the retail to the wholesale channel, Gade said the broker channel doesn’t have “different layers of management and oversight between the originator and the company,” which results in savings passed on to the buyer.

Loan Officers 446

Loan Officers Brokerage Retail Construction 446

Housing Wire

MARCH 8, 2024

Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Average hourly earnings for private-sector employees grew by 0.1%

Transportation 446

Transportation Retail Housing Market Construction 446

Housing Wire

JULY 13, 2024

2024: 381,524 2023: 377,650 2022: 419,524 The week ahead: Powell talks again, plus retail sales and housing starts Powell will speak again on Monday and a few Fed presidents will speak this week as well. Retail sales are on Tuesday and housing starts are on Wednesday. And our weekly pending sales data accounts for contracts.

Mortgage 499

Mortgage New Listings Inventory Contracts 499

Housing Wire

MARCH 21, 2024

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated. He will focus on product development and building the company’s retail lending network.

Lending 356

Lending Retail Contracts Construction 356