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With today’s jobs report and all the reports we got during this jobs week, can we finally say the Federal Reserve is winning its war against the labor market? I believe the Fed won’t pivot until the labor market breaks. That has been my position since 2022 and we are starting to see some early signs of them successfully attacking the U.S. labor market in the past few months, something I talked about on a recent HousingWire Daily podcast.
In an effort to safeguard against the growing threats posed by climate change, the Federal Housing Finance Agency (FHFA) is intensifying its focus on understanding and mitigating climate-related risks within the U.S. housing finance system. Climate Scenario Analysis (CSA), a pivotal tool for evaluating exposure to climate-related risks under different future climate conditions, has emerged as a critical component of this strategy.
As those in or near retirement continue to proclaim a preference for aging in place , there may be challenges for people who aren’t sure about how or when they should get started on making plans. A series of home healthcare, renovation and senior care experts offer tips on ways to begin in a column published by U.S. News & World Report. For reverse mortgage clients looking to use their loan proceeds to fund the goal of aging in place, home renovations and other preparations may be requ
On Wednesday, July 10, Fitch Ratings will present, its “ U.S. Cross-Sector Housing Monitor Webinar ” at 10:00 a.m. Central. While the nation’s housing market remains tight, sales are tracking well below housing demand, and rental and homeowner vacancy rates are plummeting to multi-decade lows. These dynamics will drive growth in the U.S. residential housing economy, which represents approximately 17% of the nation’s Gross Domestic Product (GDP).
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
A New York jury found Vishal Garg, CEO and founder of digital mortgage lender Better.com , liable for breach of fiduciary duty and conversion in a decade-long lawsuit filed by his former partner, Raza Khan. Garg intends to appeal. The court ordered Garg to pay $5.5 million to Educational Investment & Finance Corporation (EIFC), the company the partners founded in 2009.
Austin, Boise, Phoenix and Salt Lake City home prices soared during Covid, and while gains have slowed, they haven’t “seen anything resembling a price crash.
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Austin, Boise, Phoenix and Salt Lake City home prices soared during Covid, and while gains have slowed, they haven’t “seen anything resembling a price crash.
Job creation slowed in June, despite continued tight labor market conditions, which economists say is good news for the Federal Reserve. Data from the U.S. Bureau of Labor Statistics released on Friday shows that total nonfarm payroll rose by 206,000 jobs in June, compared to 272,000 jobs in May. Job gains in June were most notable in industries like government (70,000), health care (49,000), social assistance (34,000) and construction (27,000), a positive for the housing industry.
After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.
Fewer prospective mortgage borrowers pulled the trigger in June, according to a new report from Mortgage Capital Trading. Mortgage rate locks decreased 7.84% in June compared to the previous month. This drop follows a brief uptick in volume at the beginning of the traditional buying season, suggesting a continuing stalemate between limited housing supply and higher interest rates (they were 7.11% on Friday), MCT said this week.
About 206,000 jobs were added to the U.S. economy in June but it wasn’t enough to keep the unemployment rate from rising to 4.1%, up from 4.0% in May, according to the U.S. Bureau of Labor Statistics. Job gains occurred in government, health care, social assistance, and construction – but the total number of unemployed increased to 6.8 million, up from 6.6 million the previous month.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Like many in title , Iain Bryant, the newly appointed president of Stewart Title’s agency division, found his way into the industry through family. Bryant’s father founded A.S.K. Services , a title production business, in 1990, and after growing up surrounded by the title industry, Bryant said he was determined to never be part of the industry. “My dad also had a rule for all of his children that once you graduated, you couldn’t come back and work in the business until you’d done something else,
Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans. The Credit Insurance Risk Transfer (CIRT) transaction transferred $337.2 million of mortgage credit risk to private insurers and reinsurers. “We appreciate the support of the 27 insurers and reinsurers that committed to write coverage on this deal,” says Rob Schaefer, vice president, capital markets for Fannie Mae, in a statement.
Attorneys for both Ginnie Mae and Texas Capital Bank (TCB) are asking a magistrate judge overseeing their case about HECM tail collateral in the U.S. District Court for the Northern District of Texas for an extension to decide on separate motions brought by both parties: one seeking a change of venue to a different court, and another seeking a partial summary judgment.
The main national trade organization for commercial, home, and auto insurers, The American Property Casualty Insurance Association (APCIA), and Verisk released a statement today regarding the insurance industry’s projected $21.1 billion in full-year 2023 losses. Important financial metrics for private U.S. property/casualty insurers show that underwriting losses in 2023 resembled those in a challenging 2022.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
A ransomware attack on Bay-area Patelco Credit Union caused almost half a million members to lose access to banking services, and the outage could last for weeks. The company shared news of the attack on June 29 via Twitter. The services knocked off line include online banking, the company’s mobile app, direct deposits, transfers, debit and credit card transactions, Zelle, balance inquiries, online bill payments and monthly statements, among others.
While you’re at Inman Connect, it isn't just about conference hustle; it's about refueling your mind, body and real estate business strategy. Here's how.
The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. Florida Senate Bill SB-770 authorizes local and county authorities within the state to create financing programs for home and other property renovations, which can include energy efficiency upgrades or renewable energy inst
To Andy Florance, the CEO of CoStar Group , the trade secret lawsuit Move, Inc., the parent company of listing portal rival Realtor.com , recently filed against his firm is all a “PR stunt.” “Effectively, you create a bogus story and you use a relatively junior person as a pawn and you get a story out there,” Florance said. “And the question is why?
Real estate auctions offer benefits for both buyers and sellers. Chad Roffers offers tips on how buyer's agents can help their clients navigate the process.
There is a mismatch between the prices of homes being built, and the prices home buyers expect to pay, according to recent surveys from NAHB and the U.S. Census Bureau. While 38% of buyers expect to pay less than $250,000 for their next home (and 19% expect to pay less than $150,000), only 5% of.
The multifamily investor has had a number of encounters with police in Miami and LA in recent months in response to disorderly behavior involving guns, as well as DUI and allegations of assault.
Alex Rayner, a top-producing loan officer, has announced a strategic partnership with Service First Mortgage to create Haymaker Home Loans , a next-generation mortgage company focused on top producers’ success. The new venture aims to provide unparalleled resources and exceptional customer service for loan officers and their clients, according to a release.
Mortgage lock volume decreased 7.84% in June compared with May, according to Mortgage Capital Trading , Inc. The decline follows a brief uptick in volume at the beginning of the buying season, suggesting a continuing stalemate between limited housing supply and higher interest rates. Limited supply of available homes coupled with mortgage rates hovering around 7% has contributed to a decline in sales activity, MCT says.
From changing rules to higher expectations, real estate is a new industry now, with new challenges, new opportunities—and new tech. Join us for a first-look tour of real estate’s new end-to-end platform, Lone Wolf Foundation, featuring a new transaction experience and a new standard in back office and accounting.
Recruiting is tough these days, but agents at franchises may be especially open to a move this year, according to an analysis of their responses from the latest Inman Intel Index survey.
The real estate industry is evolving, and luxury real estate is no exception. With shifts in market dynamics, buyer preferences and the rise of innovative technologies, staying ahead requires more than just experience; it demands continuous learning and networking with the best in the business. This is your opportunity to do exactly that.
After being sentenced by Vatican State Court for embezzlement and fraud, London-based Italian banker Raffaele Mincione is fighting back in UK courts with a countersuit accusing the Vatican of mishandling and mis-documenting funds.
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