Housing Wire

JULY 11, 2024

The latest annual report from The Counselors of Real Estate highlights 10 major issues expected to impact the housing industry in 2024, but developers are painfully familiar with at least two of them: labor shortages and skyrocketing capital costs. Energy efficient homes open the door to new and better financing options.

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Development Construction Finance Investors 363

Housing Wire

DECEMBER 2, 2024

Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. Among its investments are Kings League , LOVB , Bilt Rewards , Blank Street , M1 Finance , Wayflyer , Masterworks , Talkiatry , Kittl and Ownwell. The investment — which is going to SERHANT.

Development 362

Development Brokerage Technology Real Estate 362

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. He had a particular focus on residential developers and homebuilders.

Finance 364

Finance Real Estate Investing Development 364

Housing Wire

JULY 19, 2024

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 I do think [HMBS 2.0]

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Development Mortgage Design Government 382

Housing Wire

NOVEMBER 19, 2024

Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. NP: You work directly with land developers too. What sort of policies are you helping to develop on their end? This interview has been edited for length and clarity.

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Development Insurance Appraisal Real Estate 315

Housing Wire

OCTOBER 7, 2024

Freiha joins Opendoor after a three-year stint at Alphabet, where he started as Google ’s vice president of finance and oversaw commerce and payments before moving to capital allocations and planning. Prior to that, he spent 11 years at Intuit in product development roles. Prior to that, he worked in similar roles with eBay.

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Technology Finance Real Estate Agents 375

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck.

Finance 393

Finance Marketing Mortgage Retail 393

Housing Wire

JULY 18, 2024

“Foreign capital is a major driver for real estate development around the world, but the US is still ill-equipped to deal with foreign investors. . “Waltz fundamentally reshapes the investment experience in residential real estate for foreign nationals,” Tomer Diara, general partner at Aleph, said in a statement.

Finance 371

Finance Real Estate Investors Legal 371

Housing Wire

AUGUST 29, 2024

In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services professionals who aim to “attract, develop and advance women in an underrepresented profession,” according to the WIFS National website.

Finance 375

Finance Mortgage Real Estate Agent Insurance 375

Housing Wire

DECEMBER 11, 2024

Department of Housing and Urban Development (HUD)s Office of Policy Development and Research recently published a report that more closely examines the housing needs of older Americans and the pain points that have exacerbated their needs stemming from a national housing crisis. population, on housing demand, according to the report.

Finance 306

Finance Development Insurance Investing 306

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Government Finance Renovations Design 529

Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). FHFA Director Sandra Thompson lauded the development in a statement accompanying the report.

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Development Finance Investing Mortgage 409

Appraisal Buzz

JUNE 27, 2024

Still , Vice Chair, Pulte Financial Services Sheri Thompson , EVP, Head of Affordable Housing, Walker & Dunlop Eileen Tu , VP, Mortgage Policy and Credit Development, Rocket Mortgage John Wiechmann , President/CEO, Midwest Housing Equity Group Inc.

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Development Finance Tenants Lending 395

Housing Wire

JULY 30, 2024

Perchwell , a New York City -based real estate data firm that works with MLSs , brokers and agents, announced Tuesday that it has raised $25 million in a Series B financing round. The financing round was led by Lux Capital , which also participated in the company’s Series A round.

Brokerage 380

Brokerage Finance Real Estate Development 380

Housing Wire

JANUARY 17, 2024

The real estate finance community mourns the loss today of one of its great leaders and fiercest advocates,” current MBA President Bob Broeksmit said in a statement Wednesday morning. a financial services consulting firm focused on real estate finance. Stevens oversaw FHA programs for single and multifamily housing for two years.

Finance 482

Finance Loan Officers Real Estate Development 482

Appraisal Buzz

NOVEMBER 18, 2024

This is a hangover from the favorable financing conditions of 2021/2022. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. The Developer’s Dilemma To illustrate the current challenges, let’s consider a hypothetical developer, Dave.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

AUGUST 29, 2024

government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment—brought recommendations on how they can help improve the housing supply. billion to affordable housing and community development. Instead, the FHLBanks—11 U.S. taxpayers from risk.”

Finance 369

Finance Development Investing Construction 369

Housing Wire

NOVEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.

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Development Government Finance Design 419

Housing Wire

FEBRUARY 7, 2024

mortgage finance system. The GSEs should “increase certain loan purchases” in Duty to Serve markets; develop new and accessible loan products and programs; and evaluate new business partnership opportunities. Better loan products to serve “high-needs rural regions” should also be developed.

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Land Lease Law Finance Government 423

Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

Mortgage 468

Mortgage Inventory Finance Sellers 468

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. This USDA program, however, is in serious trouble. The LIHTC program, administered through the U.S.

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Tenants Finance Construction Government 485

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Developers continue to build in these areas with few obvious signs of slowing, the story said. “La The area was still cleaning up from Helene when Milton hit.”

Insurance 448

Insurance Real Estate Agent Construction Development 448

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 399

Business Investors Finance Home Improvement 399

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Ginnie Mae and the U.S.

Mortgage 370

Mortgage Marketing Finance Retail 370

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.

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Landlords Construction Land Management Tenants 482

Appraisal Buzz

JULY 12, 2024

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). Latest in renter protections Earlier this week, the U.S. We are excited for the opportunity to expand the program given the tremendous demand for these services.

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Tenants Landlords Legal Finance 435

Housing Wire

SEPTEMBER 27, 2023

Builders have been adjusting to the shifting market by lowering prices, and also by offering concessions, upgrades, and relatively more attractive builder financing,” Bright MLS Chief Economist Lisa Sturtevant said on Tuesday regarding new home sales. Part of the price drop has been a shift to sales of smaller, less expensive homes.”

Housing Market 510

Housing Market Marketing Inventory Finance 510

Housing Wire

JULY 23, 2024

Department of Housing and Urban Development (HUD) showed that housing starts shrank 4.4% The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May.

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency (FHFA), regulator of the GSEs, has announced. Thompson, director of the FHFA, in a statement. “It

Finance 397

Finance Government Housing Market Development 397

Appraisal Buzz

JULY 5, 2024

Structured Finance–RMBS; Eric Orenstein , Fitch’s Senior Director, Non-Bank Financial Institutions; Sarah Repucci , Senior Director, Credit Policy Research for Fitch Wire; and Robert Rulla , Fitch’s Senior Director, Corporates–Homebuilding and Building Products. Topics of discussion will include: U.S. He began his career at T.

Housing Market 361

Housing Market Marketing Finance Development 361

Appraisal Buzz

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) has announced that it will revisit its proposal to amend the Suspended Counterparty Program (SCP). housing finance system.” It also authorizes FHFA to order its regulated entities to cease doing business or refrain from entering into new business with certain counterparties.

Finance 433

Finance Business Real Property Development 433

Housing Wire

MAY 1, 2024

This has led to the development of policies by state and local housing finance agencies to aim assistance specifically at this group, particularly for “mortgage eligibility or down payment and closing costs assistance.” Intergenerational wealth refers to the financial assets passed by one generation of a family to another.

Mortgage 420

Mortgage Finance Government Development 420

Housing Wire

AUGUST 19, 2024

Those areas that I’m now developing I grew up in. I remember what it’s like to have slumlords,” said Jermaine Morgan, a Columbus, Georgia-based local community developer who purchases distressed property at auction. “I Collectively, local community developers like Jermaine significantly impact neighborhood stabilization nationwide.

Renovations 473

Renovations Development Buyers Investors 473

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Investing 376

Investing Legal Lending Landlords 376

Housing Wire

SEPTEMBER 10, 2024

Department of Housing and Urban Development (HUD) this week established Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for the Low-Income Housing Tax Credit program in 2025.

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Design Development Construction Finance 376

Housing Wire

NOVEMBER 15, 2024

The promotion applies to select homes in various housing developments across multiple cities. Magnolia Ridge, one of the participating housing developments in the Greater Houston deal, is offering $7,500 to $7,500 off select homes , with a few of the homes seeing prices drop from $289,200 to $244,990 and $248,590 to $239,990.

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Retail Finance Development Real Estate 381