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November 2025

Home improvement contractors remain cautiously optimistic despite slowdown Home improvement contractors show cautious optimism

Construction, Home Improvement, Leadership, The Builder's Daily /

Most home improvement contractors are still optimistic about the future of the market, but headwinds such as material costs and reined-in consumer spending are weighing down expectations.  The Q3 Contractor Activity Tracker, released by The Farnsworth Group and Home Improvement Research Institute, found that home improvement contractors are less optimistic than they were a year […]

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Supreme Court’s tariffs case could have minimal impact on construction costs Supreme Court to decide on Trump tariffs, but many construction levies will remain

Construction, Policy, Tariffs, The Builder's Daily, Trump administration /

The Supreme Court could decide on the legality of many of the Trump administration’s tariffs within months, but the ruling won’t impact many of the administration’s levies on imported construction materials such as lumber, steel, aluminum and copper.  The case before the Supreme Court contests the legality of the president’s use of the International Emergency

Supreme Court’s tariffs case could have minimal impact on construction costs Supreme Court to decide on Trump tariffs, but many construction levies will remain Read More »

HUD announces drastic changes to homelessness strategy

Affordable housing, Homelessness, HUD, HWmember, Politics, Scott Turner /

The Trump administration is preparing a major overhaul of its homelessness strategy, moving away from long-term housing support and reducing funding for those programs. The plan redirects Continuum of Care program resources toward short-term shelters that tie participation to employment and substance-abuse treatment. According to a statement from the U.S. Department of Housing and Urban

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The 50-year mortgage: I’m not buying the “forever loan”

Finance, Policy, The Builder's Daily /

A 50-year mortgage sounds like the next big innovation in housing finance, a way to make homes “affordable” again in an era of high prices and stubborn interest rates. But the way I was raised and educated, financial independence and straight talk count. Having studied economics at Texas A&M, I see this for what it

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Mortgage delinquency levels rise on softer FHA performance

Distressed, Foreclosures, Servicing /

Mortgage delinquencies increased by 6 basis points from the second quarter, as the performance of Federal Housing Administration-insurance loans declined, the Mortgage Bankers Association National Delinquency Survey found. Recently, ICE Mortgage Technology executive Andy Walden said FHA loan performance trends were a yellow flag for the mortgage industry. Delinquent mortgages made up 3.99% of all

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Servicers OK data breach settlement after long legal battle

Servicers OK data breach settlement after long legal battle

Cyber security, Law and legal issues, Servicing, Technology /

Bayview Asset Management and three affiliates have agreed to a settlement with plaintiffs over a data breach lawsuit for a hack that affected 5.8 million people in 2021. The sides agreed to basic terms of a class action settlement, subject to court approval and the final dismissing of the case, according to a court document

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Rice Park acquires Rosegate Mortgage in recapture push

Rice Park acquires Rosegate Mortgage in recapture push

Industry News, M&A, Servicing /

Left to righ: Bryce Bradley, Rosegate Mortgage; Craig Freel, Rice Park Capital Management Private investment firm Rice Park Capital Management will acquire a retail and consumer-direct lender one year after the two businesses signed an initial partnership agreement.  As in several recent mergers, the servicing pipeline potential figured prominently behind the Minneapolis-based financial firm’s decision

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Fitch flags cooling housing market through 2027

Distressed, Economy, LOAN PRODUCTS, Mortgage Rates, Originations /

The U.S. residential housing economy growth will have slowed by 1.1% this year, from 2% in 2024, a result of cost pressures derived from higher tariffs on builder supplies like lumber, labor issues and weaker consumer and homebuilder sentiment about the sector, Fitch Ratings said. Over the next two years, it expects restrained growth rates

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Figure posts huge HELOC volume in strong earnings debut

Earnings, Fintech, LOAN PRODUCTS, Originations /

Figure Technology Solutions posted a strong quarter in its first public earnings report, including $2.4 billion in home equity line of credit lending.  The fintech, which went public in September, recorded $89.8 million in net income for the third quarter, exceeding a Standard & Poor’s consensus estimate of $35 million. That also surpassed its $27.4

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