Cassandra Seier, head of International Capital Markets for the New York Stock Exchange, died over the weekend of November 22. “We are devastated by the news that our colleague Cassanda Seier passed away over the weekend,” an NYSE spokesperson told American Banker in a statement. The statement did not disclose the exact date or cause […]
NYSE executive Cassandra Seier dies in alleged bike accident Read More »
The Federal Housing Administration once helped finance thousands of loans for manufactured housing. An effort to restart that program would help millions of Americans afford their own homes, writes Scott Susin, of the Center for Mortgage Access.Kybele – stock.adobe.com The Federal Housing Administration, or FHA, was once a major player in lending for manufactured homes
Reviving this one FHA program could greatly boost homeownership Read More »
House Democrats sent a letter Tuesday to the U.S. Department of Housing and Urban Development Secretary Scott Turner, asking him to rescind a recent decision that would slash funding for affordable housing programs. HUD’s Notice for Funding Opportunity for the Fiscal Year 2025 Continuum of Care Program, issued on Nov. 13, would cut support for
House Democrats urge HUD to reverse housing funds cut Read More »
US mortgage applications to buy a home surged last week to the highest level since early 2023, despite still-elevated borrowing costs. The Mortgage Bankers Association’s index of home-purchase applications jumped 7.6% to 181.6 in the week ended Nov. 21, data from the group showed Wednesday. The contract rate on a 30-year fixed mortgage rate ticked
Purchase applications surge to highest level since 2023 Read More »
The one thing that’s unambiguous right now in residential development and new construction is that the $80-to-$100 billion homebuilders throughout the U.S. draw on to site and build the new homes they plan to sell in 2026 and each year beyond is harder to get and more expensive to finance. National Association of Home Builders
Hillwood backs new homebuilding fund as AD&C credit tightens Read More »
FirstClose, a fintech provider of data and workflow technology for mortgage and home equity lenders, announced on Tuesday that it has appointed Adam Nicholson as director of professional services. Nicholson, who has spent more than a decade leading implementation and professional service teams in the fintech space, will lead the company’s implementation operations along with
FirstClose names Adam Nicholson director of professional services Read More »
Kevin Hassett, director of the White House National Economic Council, is the leading candidate to be the next Federal Reserve chair, advisers and allies of President Donald Trump told Bloomberg, as the deadline for a new Fed governor approaches. Trump has voiced his opposition to the current Fed leader, Jerome Powell. Trump has threatened to
Kevin Hassett is the rumored lead for Fed chair position Read More »
Monthly payments for new and existing homes are now nearly equal, amid a trend of stagnating prices and increased use of mortgage buydowns among builders. That was one of the main findings from Realtor.com’s Q3 New Construction Report. According to the report, buyers purchasing a new home last quarter had an average mortgage payment only
New home price premium hits record low Read More »
Former East Polk County Association of Realtors (EPCAR) CEO Jennifer Garula-Mers has been charged with grand theft after she allegedly stole over $81,000 from the trade association, leaving it “all but broke,” according to the Polk County Sheriff’s Office (PCSO). The Florida-based Realtor association’s former CEO was arrested on Friday by the PCSO, which had
Former local Realtor association CEO charged with grand theft Read More »
As local governments face mounting pressure to streamline the review process for residential projects, a wave of AI-driven reforms is revealing how modern tools can shave days or weeks off approvals, potentially speeding up housing development. For 15-plus years, pressure has been growing on a shrinking, aging municipal development workforce to carry a heavier, more
Local governments turn to AI to streamline housing development Read More »