May housing swell as builders respond to strong demand
Homebuilders are responding to an increase in new home sales and extremely low levels of existing home inventory, leading to faster starts on new projects. Privately owned housing starts in May 2023 projected at a seasonally adjusted annual rate of 1.63 million, up nearly 22% from the revised April 2023 estimate of 1.34 million. US […]
Figure Technologies launches Wholesale Lending Platform
Mike Cagney Chitra Technologies Launched a wholesale lending platform that will provide loan originators access to the company’s home equity line of credit (HELOC) offerings. Announcing the launch Tuesday, the company said Figure’s new wholesale partners can take advantage of the company’s HELOC technology to directly broker loans. “With Figure’s built-in digital origination process, originators […]
Renting Is Much Cheaper in These Housing Markets
Owning a starter home is now more expensive than renting for $1,000+ a month. While the metric has declined from its October 2022 peak of $1,188, it remains well above historical levels, according to John Burns Research & Consulting, Factors such as high mortgage rates – currently hovering around the 7% mark – and high […]
Florida school district will build housing in effort to fill teacher vacancies
If you build it, will they teach? A building in St. Petersburg, Fla. that previously served as a junior high school will be transformed into an affordable housing apartment complex. This is being done to attract more teachers to the Pinellas County School District to aid in recruitment and retention efforts, reports the Tampa Bay […]
how to buy a house with bad credit
in this article Buying a home isn’t always a bed of roses. The yin and yang of interest rates in 2023 are out of this world, and for those with bad credit, it adds even more stress to the mix. Although getting a loan with a bad credit history may seem nearly impossible, there are […]
Housing Market Tracker: Surprise Buy Apps
Mortgage rates were near 7% last week but purchase applications were still able to extract 8% week-over-week gains. It was surprisingly strong, but as I’ve always stressed, context is key. Purchase apps were coming off a four-week losing streak and even though the decline was week-over-week, it was still four weeks of weakness. Recent growth […]
Senlar FSB Appoints Thomas Donatacchi as Investor Relations Officer
national mortgage loan subservicer senlar fsb announced Thursday that it has named Thomas Donatacchi as its investor relations officer. Donatacci has extensive experience in servicing transactions and sub-servicing, due diligence and M&A. He is expected to strengthen Senlar’s relationships with stakeholders in this role, including agency investors, shareholders, customers and rating agencies. “I am confident […]
Career Insights from a HW Insider Honorary
The HousingWire Awards Spotlight series highlights individuals who have previously been recognized by the HW Editors’ Choice Awards. nNominations for HousingWire’s Insider Awards are open now through Friday, June 23, 2023. Click here Nominate an industry insider – a customer, coworker, boss or friend – it could even be you! For the past eight years, […]
Local Housing Market: Fargo, Bergen County and 30A, Florida
The Local Housing Market is a feature of HousingWire magazine that highlights housing trends across the country. Bergen County, NJ New Jersey’s Bergen County gives homebuyers the best of both worlds. There are over 9,000 acres of parkland and easy access to New York City. “Manhattan has excellent schools and great transportation, but if you […]
SimpleNexus Empower integrates with Black Knight’s LOS
simplenexusEmpower, a homeowner platform developer for loan officers, borrowers, real estate agents and settlement agents, this week announced a new integration with the loan origination system (LOS). black Knight, This bidirectional integration, available to financial institutions including independent mortgage banks nationwide, enables real-time sharing of loan application data, milestone updates and documents. “We are excited […]
