Mortgages

Timothy Harleth is launching Generational Equity Labs, a fund that plans to use a technology platform linking would-be homebuyers to institutions to support equity sharing.

Marshall is handing his role as president at the mortgage firm to another industry veteran but plans to retain some involvement with its new MSR fund.

The House Ways and Means Committee is marking up the bipartisan legislation that would restore a 12.5% boost to the program's availability.

A common concern in housing finance reactions has been the lack of accommodation for strategies routinely used to manage credit, rate and liquidity exposures.

Bidding wars are also coming back into play in several markets across the country, with the Northeast, in particular, seeing increased activity, according to Redfin.

Contract closings decreased 1% from a month earlier to a 3.78 million annualized rate, according to National Association of Realtors data released Friday.

"Someone somewhere has not taken a victory lap for the work that has been done to rehabilitate the enterprises." Priscilla Almodovar said in a Bloomberg interview.

Sekisui House Ltd. announced a $4.9 billion agreement on Thursday to buy MDC Holdings Inc., ikely the biggest U.S. purchase of a homebuilder by a Japanese company.

The median listing price per square foot changed an average of 11.04% from one year to the next in the top five metro areas.

All of the class actions will be consolidated into a single case under plaintiff Jennifer Cabezas, who was the first of the 20 to bring a motion against the company.

Lending activity among builders surged over 22% annually in December, but the growing share of FHA-backed borrowing in the segment took a step back for the first time in four months, the Mortgage Bankers Association said.

Reven Office REIT is seeking $100 million from a lead investor and $900 million through a "blind pool" initial public offering.

Ohio Gov. Mike DeWine rolled out the Welcome Home Ohio program, a product of the Ohio legislature's biennium budget bill, House Bill 33.

The move is somewhat counterintuitive relative to other market signals but Fannie Mae generally forecasts a net positive shift in lending conditions this year.

Single-family home construction fell by the most since July 2022, following a surge in November, while multifamily projects rose to a five-month high.

With traders reducing wagers on a rate cut at the Federal Reserve's March meeting and the yield on 10-year Treasuries rising to 4.11%, the highest since Dec. 12, real estate is primed to take a hit.

The escalating case would set a new precedent if it established fiduciary duties for entities that manage securitized mortgages that pension funds invest in.

To honor Stevens, who started in the secondary market where dry mortgage notes are sold to investors, let's delve into why the B3E proposal is badly constructed.

As part of a settlement with the Justice Department, Patriot Bank must invest more than $1 million of the total in a loan subsidy fund for minority homeowners and take other corrective steps in its everyday business. The bank denied any wrongdoing.

The former Obama administration official and MBA head died unexpectedly on Jan. 16.