Based on the Mortgage Bankers Association's latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding in the U.S. increased by $40.1 billion (0.9 percent) in the first quarter of 2024. Total commercial/multifamily mortgage debt outstanding rose to $4.70 trillion at the end of the first quarter. Multifamily mortgage debt alone...
On a recent HousingWire Daily podcast, I explored the question of whether construction labor was finally showing a recession risk. Today’s housing starts data has further solidified this trend, which we’ve been tracking for several months: construction labor is at risk, serving as a potent leading indicator for a potential recession. Let’s delve into how we arrived at this point. The impact...
Finance of America (FOA), the leading U.S. reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. This is according to a company filing with the Securities and Exchange Commission (SEC) reviewed by HousingWire’s Reverse Mortgage Daily (RMD). A reverse stock...
On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers. AVMs, which value residential real estate used as collateral to secure mortgages, are under...
Editor in Chief Sarah Wheeler sat down with UWM CTO Jason Bressler on the HousingWire Daily podcast to talk about technology and how UWM is leveraging AI specifically. This interview has been edited for length and clarity, but you can listen to the entire episode here. Sarah Wheeler: How is UWM leveraging AI? Jason Bressler: Literally, in everything that we do right now. We are build versus buy, so...
The plaintiffs in the Moratis commission lawsuit (formerly known as the Spring Way suit) took issue with the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR). On Wednesday, West Penn MLS, a defendant in the Moratis suit, filed a motion to stay the case, noting that it has opted into the NAR settlement agreement. In the motion, West Penn MLS said...
Skip the expensive pre-cut melon and cut your cantaloupe yourself. We'll walk you through the process from start to finish. Andy Lyons A hydrating and healthy fix for your sweet tooth, cantaloupe melons are also surprisingly nutritious. Cantaloupe is loaded with beta-carotene (vitamin A), which safeguards your eyesight, helps keep your mind sharp, and reduces inflammation. You can find...
Learn how to set your ceiling fan direction for summer to keep your home comfortable through the heat. Why Changing Your Ceiling Fan Direction Is Key to Keeping Your Home Cool This Summer This simple switch helps reduce energy costs by maximizing your ceiling fan's efficiency. Learn how to set your ceiling fan direction for summer and winter to keep your home comfortable year-round. Ceiling fans can...
Breathe easier and get relief from dry air with one of our top picks. Better Homes & Gardens / Dera Burreson Winter weather often brings dry air, which can wreak havoc on humidity levels in your home. Low humidity can lead to dry, itchy skin and it can even worsen colds or coughs that also tend to arrive with cold, dry weather. In that case, it could be beneficial to seek out a cool mist...
If you're spending your summer in the great outdoors, you have to know this hack. wmaster890 / Getty Images There is never an excuse to throw away your coffee grounds—especially if you're in the mood for a DIY. You can use them as cleaning agents, cook with them, or even compost them for a greener garden. And according to a new viral TikTok video, you can even turn them into a fire...
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