A consequential change in decarbonizing housing stock hasn’t been a priority in this pandemic year, but post-pandemic, it is sure to rise in importance. With nearly 40% of total U.S. energy consumption used in the residential and commercial sector, the
Mortgage delinquencies expected to remain above pre-pandemic levels until 2022
Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. If trends persist, the data service provider estimates once the first wave of forbearances
Working Together as a Team: Negotiating with Commercial Tenants During COVID-19
The COVID-19 pandemic caused widespread mandatory closures of all types of commercial properties. These closures, along with reduced consumer spending, have hampered business operations and created challenges for many businesses that lease office and industrial properties – some of which
Home Prices Up 14%, But Price Growth May Wane Soon
Growth in list prices is down 3 percentage points since the end of August, but pending sales were still up 30% Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 27: The median home
Roof Talk
The unsung hero of a house, the roof is an essential construction and design element. Though it sometimes doesn’t seem to be given as much consideration as other design elements, a house’s roof is a vital feature, both aesthetically and
AmeriHome plans to go public – Let’s look at the numbers
AmeriHome on Thursday became the latest mortgage lender to file for a public offering, the latest to do so amid a coronavirus pandemic that has helped spur record origination volume this year. The lender told the SEC in a filing
Movement Mortgage’s Montell Watson to speak at HousingWire Annual Oct. 8
Call it what you want – a disruption, a revolution, a transformation or perhaps a thorn in your side, there is no denying the pandemic has stirred the housing industry in all its sectors. How companies adapt and pivot while
Loans in forbearance gain after 6 weeks of decline
After six weeks of steady declines, the number of mortgages in active forbearance rose by 21,000 last week, according to a new report. Though the raw number increased, the number of all mortgages in active forbearance remained at 6.8%, unchanged
Hamptons home sales begin cooling after summer’s frenetic pace
Home sales in the Hamptons, the ritzy New York getaway for Wall Street titans and Hollywood celebrities, showed beginning signs of cooling off in September after a pandemic-induced boom during the summer months. Signed contracts to purchase single-family homes rose
CSBS takes aim at nonbanks with proposed rule
This week the Conference of State Bank Supervisors issued a final proposed prudential standards rule for comment to address their concerns with nonbank servicers. The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. It’s a
Employee-owned Axia launches new wholesale division
Axia Home Loans, a Washington-based lender with an unusual ownership structure, is looking to break into the ultra-competitive wholesale space. Axia, a 100% employee-owned company helmed by CEO Alexander Rosenblum, launched Unified Reliance Wholesale on Thursday. The division, currently staffed
The state that may never accept RON mortgage closings
As COVID-19 swept through the U.S., there is one state that has refused to accept remote online notarization laws, even as stay-at-home orders forced many other states to temporarily accept RON. California, the most populated state in the U.S., has
U.S. unemployment drops to six-month low of 7.9%
The U.S. unemployment rate in September hit a six-month low of 7.9%, down half a percentage point from August’s 8.4%, the Labor Department said on Friday. With 1 million people making up that half percentage drop, the department estimates that now 12.6
Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes
Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge. Condo sale prices in the U.S. increased 5.4%
Caliber Home Loans plans $2B-plus IPO
Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. The company, owned by
Atlanta Real Estate Market Overview 2020
This article has been updated to reflect recent changes in the Atlanta real estate market due to COVID-19. Metro Atlanta housing market has experienced a smooth recovery by far. The market has not only returned to pre-COVID-19 levels in the
Better.com’s Vishal Garg talks the future of banking, tech stacks and a customer-friendly IPO
Though he wouldn’t comment on recent reports that he is raising $100 million in capital at a $4 billion valuation, Better.com CEO Vishal Garg had no qualms on Thursday in outlining his vision for an eventual public debut. Garg, a
Sellers still direct a hot housing market but fall cooling approaches
This Zillow Weekly Market Report includes housing market data as of the week ending Sept. 26 Go to Source Author:
How one mortgage servicing company is prioritizing home retention during economic uncertainty
Nearly two years ago, Ocwen acquired PHH Corporation, and Glen Messina became the president and CEO of the newly combined companies. Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH
Howard Hanna acquires New York brokerage Rand Realty
Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty, giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The financial terms of the deal,
Urban Institute’s Laurie Goodman to speak at HousingWire Annual Oct. 8
This year has been a numbers game. How low are the rates this week? How long will borrowers be in forbearance? Will the next stimulus bill be enough? The pandemic has created a long list record-breaking figures, but behind all
Altisource expands servicing to handle forbearance overflow
Altisource Portfolio Solutions, a provider of real estate, mortgage and foreclosure services, said it has expanded its Texas operations center to handle the overflow from home-loan servicers trying to cope with customers requesting forbearances. The Luxembourg-based company said it is
No housing market slowdown as real estate agents report a busy fall
Realtors can usually count on their biggest season being spring, followed by summer. But nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season. However, homebuyers were still incredibly
UWM to knock 50 bps off VA IRRRL loans
United Wholesale Mortgage (UWM) announced on Wednesday that it would offer a 50 bps discount on all VA interest rate reduction refinance loans (IRRRL) through Veterans Day on Nov. 11. The company, which is the nation’s largest wholesale lender and