By JARED WHITLEY Is this Mat Ishbia’s “Vlade Divac” moment? Ishbia’s connections to basketball are well known, from his time on the 2000 Michigan State national championship team to his current “chaotic” ownership of the Phoenix Suns. And Divac, the Los Angeles Lakers star center, was also well known for “flopping” – pretending to have been fouled…
By KIMBERLEY HAAS Leaders at Guild Mortgage say they are lucky to be able to help people fulfill their dreams of homeownership. Erin Watts, vice president of product strategy, explained that attainable lending is something she and others at the company are passionate about. They recently expanded the Gateway to Homeownership Assistance program, an initiative…
By ERIN FLYNN JAY There has been an uptick in foreclosure activity this year but industry professionals say the impact on the national housing market will be manageable moving into 2025. Marina Walsh, vice president of industry analysis at the Mortgage Bankers Association, recently told The Mortgage Note that delinquencies increased across all product types….
Americans are slowly warming up to the housing market as rates cool, though affordability is still out of reach for many. That’s according to Fannie Mae’s Home Purchase Sentiment Index, which increased 1.8 points in September to a reading of 73.9, its highest level in more than two years. Though Americans generally see homebuying in…
By NICOLE MURRAY They’re cute and lovable, but having pets or children means additional wear and tear on a property. And that can impact its resale value. As far as which is worse, the answer is pretty consistent across the board with multiple industry professionals. “I find pets have a bigger impact on everything,” said…
September was a turning point for demand, as cooling rates sent refinances soaring and cautious potential buyers stepped out of the shadows. Mortgage lock volume increased 3.17% month-over-month, according to a new analysis from Mortgage Capital Trading. “This data signals a potential shift in strategy for loan officers, who are increasingly targeting borrowers looking to…
By KIMBERLEY HAAS Senator JD Vance blamed illegal immigration into the United States for the high costs of housing during the vice presidential debate Tuesday night. Vance (R-OH) and Governor Tim Walz (D-MN) were asked about the high costs of housing and rent, the top contributor to inflation, at approximately 10:05 p.m. With a shortage…
By ERIN FLYNN JAY The Philadelphia Navy Yard is shaping up to be one of the country’s most successful military base redevelopments. When completed, the Navy Yard will have seen $6 billion in investments to almost nine million square feet of new life science, commercial, residential, retail, and mixed-use development. Designed with residents, workers, and…
By SCOTT KIMBLER The American Enterprise Institute in Washington, D.C. recently hosted a presentation on an often overlooked, and sometimes opposed, solution to combating the country’s housing shortage dilemma: light-touch density. Light-touch density is sort of a middle ground between building larger multi-unit structures and the traditional single-family home structure. It typically consists of duplexes,…
By NICOLE MURRAY Renovations may be timely and expensive, but the right project can increase the value of a home immensely. While do-it-yourself projects can be beneficial, this piece will solely focus on renovations large enough that they typically require the homeowner to take out a loan to complete. The Mortgage Note spoke with various…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!