California has long been synonymous with high taxes, but new fights over who will pay them are exposing a sharper fault line. The state increasingly reaches for “tax the rich” tools to fund housing and social programs, while anti-tax forces try to constrain those same tools. California’s tax fight is unfolding under a national spotlight. Lawmakers and advocates are testing how far “tax the...
Finance of America (FOA) has closed an all-cash acquisition of reverse mortgage servicing rights from Onity Mortgage Corp., adding roughly 20,000 Home Equity Conversion Mortgages (HECMs) with a combined $5.2 billion in unpaid principal balance (UPB) to its portfolio, the companies announced Wednesday. The deal, disclosed by FOA in an 8-K filing with the Securities and Exchange Commission (SEC),...
Clayton Home Building Group confirmed that its Southeast U.S. powerhouse operator, Mungo Homes has acquired Columbia, S.C.-based McGuinn Homes, a four-decade-old regional builder whose rise in HousingWire’s Homebuilder Rankings reflected a carefully executed growth strategy centered on attainable homeownership, disciplined operations and customer focus. In announcing the acquisition, Clayton described...
Creating a beach house feeling in your home can help substitute for the weekend getaways and summer vacations you can’t always take. And when you embrace a carefree, vacation-inspired spirit every day at home, you’ll feel more relaxed. How to do it? Swap out fussy fabrics and formal furniture...
Image CEO Bill Crooker says industrial fundamentals remain strong as tenants prioritize transportation access, power capacity, and...
Image Chief Economist Dr. Jeremy Porter explains why REITs are placing greater emphasis on the financial impacts of physical climate risk and how AI is improving climate...
Image CEO Jonathan Stanner anticipates additional asset sales and debt...
Lower Rates Support Home Purchase Activity U.S. mortgage demand was essentially unchanged last week, but purchase applications continued to outperform last year's pace as modestly lower borrowing costs and improving housing supply encouraged more prospective buyers to enter the market. The Mortgage Bankers Association reported that its seasonally adjusted Market Composite Index--a broad measure of...
President Donald Trump on Monday characterized the 21st Century ROAD to Housing Act as “a yawn,” following an abrupt cancellation of a signing ceremony for the legislation last week. The comments came as Trump reinforced prioritization of the Safeguard American Voter Eligibility (SAVE) Act as his top domestic priority. “It’s so unimportant compared to the SAVE America Act,” Trump told...
As homebuilders grapple with questions of scale, access to capital and long-term competitiveness, many of their largest suppliers appear to be navigating similar strategic pressures. Carlisle Companies‘ unsolicited pursuit of Owens Corning, reported Monday by the Wall Street Journal, suggests that the forces reshaping homebuilding boardrooms are also beginning to reshape the building-products...
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