Origination

Southern California homebuilders slashed construction plans as coronavirus hammered the economy.

The size of the decline depends on how bad the economy sinks and if the coronavirus spread is halted.

Record-low interest rates allowed homebuyers to purchase $32,000 more house for the same monthly payment compared to last July, boosting affordability to the highest level since 2016.

The year-over-year increase came as homebuying picked up and the company's mortgage lending business boomed.

Florida’s favorable tax laws have long been a draw for high-net-worth individuals, but the pandemic’s disruptions — to work, school, public safety and northern states’ budgets — have increased the allure, pushing many of the wealthiest to finally make good on aspirations to relocate.

With low inventory and coronavirus limiting accessibility, nearly half of shoppers made offers sight-unseen in June, according to Redfin.

The COVID-19 pandemic has caused home sales to fall this year in more than two-thirds of Dallas-area neighborhoods.

Wyoming's average home price has risen nearly 10% since early last year, marking the fastest rate of increase in the state's real estate valuations since the third quarter of 2007.

The company's servicing segment recorded a pretax loss of $251 million over the period.

Even with the second quarter's market disruption, Redwood Trust still regained profitability.