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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

Negative profits in 2022 are likely a result of slower housing activity caused by higher financing costs coupled with elevated home prices, leading to lower purchase and refinance volume. Read more Financing Affordability Market Data + Trends Financing

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Jumbo Loans Are Near 2008 Again

Pro Builder

Jumbo Loans Are Near 2008 Again. Originations of large jumbo loans that exceed the conforming limits set for Freddie Mac and Fannie Mae could hit a level this year that hasn’t been seen since the run up to the 2008 credit collapse. and European bank bailouts. Financing. Wed, 10/13/2021 - 10:25.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. Crunch the numbers – Banks like proactive business owners.

Banking 120
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Green Building Bonds as a Game Changing New Source of Capital

Green Building Law Update

While bond financing can have higher transaction costs than oft used mortgage backed loans, even in large dollar amounts as in this instance, it is significant that there was strong market demand for these unsecured bonds that drove the lower interest rates. In November 2013, Bank of America issued the first ever U.S.

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Solutions to Housing Affordability

Pro Builder

One side was summarized by “Deregulate construction, deregulate banking, deregulate oil exploration, freeze environmental regulations, and stop raising taxes,” while the opposite end of the spectrum can be characterized by “Housing [that] enjoys government preference [if sold] only to urban, low-income families.”. Housing Policy + Finance.

Housing 98
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Commercial Construction Real Estate Trends from ICSC 2014

HardHatChat

I felt like this was the largest RECON I’ve attended since 2008, the last year of the retail construction boom. From meeting with our connections in the commercial real estate banking industry, we’ve been assured there is no shortage of financing for commercial construction projects today. Which brings us to the second trend….

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New HUD Secretary Promises to Focus on the Pandemic Housing Crisis

Pro Builder

Fudge served in Congress representing Ohio since 2008, previously chairing the Congressional Black Caucus. Toomey, who chaired the Senate Banking Committee at the time, also raised concerns with Fudge's lack of background in housing policy. Housing Policy + Finance. Vice President Kamala Harris swore in Ohio Democratic Rep.

Housing 52