Artificial intelligence could soon upend how secondary market assets are priced and traded, and mortgage technology leaders say the industry may never look the same. Processing Content Its abilities are only set to improve just as they are on the originations side of the industry, resulting in a possible reset of asset trading processes as […]
AI set to reshape secondary market pricing and trading Read More »
If you’ve always assumed a newly built home is just not in your budget, you should know the math just got a little friendlier. The median sale price of a newly built home is now at its lowest level since 2021, according to the latest data from the Census. And on top of that, builders
Newly Built Home Prices Hit a 5-Year Low Read More »
Call it non-QM, call it non-agency, call it whatever you want. Just don’t call it a niche product anymore. That’s what panelists at the Mortgage Bankers Association’s Secondary and Capital Markets Conference sought to drive home. Processing Content And this business is more than just non-qualified mortgages, they added. “I would even say that about
The non-agency market is bigger than you think Read More »
The Basel III endgame proposal’s full benefit related to the capital treatment of servicing rights is not yet clear, but the promise of it is enough for independent mortgage banks to begin running the numbers and what they’re finding could reshape how the industry is structured. Processing Content “Normally when an IMB gets either
Basel III relief could turn mortgage bankers into bank owners Read More »
The number of homes abandoned during the foreclosure process, known as “zombie foreclosures,” increased in the majority of states this quarter, an industry report found. Processing Content Zombie properties rose quarter over quarter in 38 states and the District of Columbia, according to Attom’s latest Vacant Property and Foreclosure Report. Out of the 104.9 million
Zombie foreclosures rise in most states, report finds Read More »
The late, legendary Bob Toll once laid bare the fact that he was personally incapable of installing a curtain rod in a living room, let alone knowing the first thing about building a home from the ground up. What Bob did intuit was that the second-floor walls of a typical 1960s two-story home could be
Toll Brothers lifts 2026 delivery outlook as luxury demand holds Read More »
For many real estate brokers, the dream of artificial intelligence (AI)-powered efficiency has crashed against a hard reality; agents are reluctant to use tools that force them to change habits. Tyler Morton — broker-owner of REMAX Victory + Affiliates in Beavercreek, Ohio — learned this lesson the expensive way. After his first AI platform Victoria
Why agents will ignore your expensive AI tool — and how to fix it Read More »
On Wednesday, the U.S. Department of Housing and Urban Development (HUD) released a detailed deregulation roadmap aimed at state and local governments that, it argues, could lower per-unit costs and shorten cycle times for homebuilders. HUD’s new “State and Local Best Practices for Home Construction” report offers a set of recommended policy changes that target
HUD urges states to cut fees, simplify codes and fast-track permits Read More »
Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market. Bayview Asset Management — which closed its acquisition of Guild Mortgage in November — rolled out a new program on Monday. Partnering with real estate
Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated Read More »
The build-to-rent (BTR) industry, which has been under siege from legislative uncertainty since March, just got a modicum of welcome news. On Wednesday, the U.S. House of Representatives passed an amended version of the U.S. Senate’s 21st Century ROAD to Housing Act by a margin of 396 to 13 that removed the proposed seven-year selloff
ROAD wins House nod, carving BTR out from institutional investor ban Read More »