There is a great deal of uncertainty as to the health of the U.S. real estate business in 2023, of course, and we’re all hearing plenty of negative narrative as the industry contracts in the face of lower overall loan volumes. However, that’s not what many lenders are focused on. We’ve spoken to many lenders who are finding bright spots – opportunities amidst the challenges.
Category: News and Trends
Joey McDuffee of Blue Sage Solutions: Smart Lenders Are Seizing Growing Home Equity Opportunities
here are still opportunities to be found amid this difficult market. One of the best opportunities, in fact, are home equity loans, particularly HELOCs, and closed-end seconds as well—products for which borrower demand is still relatively strong. And this opportunity becomes even brighter with the right resources in place.
Doug Wilber of Denim Social: 3 Social Media Trends for Mortgage Marketers to Watch in 2023
As mortgage marketers eagerly look to put ‘22 in the rearview mirror, now’s the time to start plotting a competitive social media strategy for ‘23. So, if you’re wondering, “what’s next?”, you’re not alone.
Nearly Half of Rental Units in Properties with Four or Fewer Units
Nearly 46 percent of U.S. rental housing units are in properties with one to four units, the Rental Housing Finance Survey from HUD and the U.S. Census Bureau reported.
Dealmaker: Sonnenblick-Eichner Co. Arranges $22M Los Angeles Hotel Refinance
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $22 million in non-recourse first mortgage financing for Doubletree by Hilton Los Angeles-Commerce.
Mark P. Dangelo: 2023: We Who are About to Die Salute You!
The industry strains and the mitigation strategies demanded in 2023 will not follow traditional cycles of boom and bust—more technology, additional standards, and M&A events. The mortgage industry is being remade, reimaged for the next-gen economies, and the solutions and outcomes will be unfamiliar for many leaders, consultants and outsourcers.
Jobs Reports: ‘Great Resignation’ Starting to Fade
In the first two of four major jobs reports this week, ADP, Roseland, N.J., said private-sector employment slowed to 127,000 jobs in November. And the Bureau of Economic Analysis reported November job openings fell by more than 7 percent from a year ago.
October Pending Home Sales Down 4.6%
Pending home sales slid for the fifth consecutive month in October, the National Association of Realtors reported Wednesday. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines in transactions.
3Q GDP Shows 2.9% Growth
Real gross domestic product increased at an annual rate of 2.9 percent in the third quarter, according to the “second” (revised) estimate released Wednesday by the Bureau of Economic Analysis.
Industry Briefs Dec. 1, 2022: FundMore, VeriFast Partner on Digital Verification
FundMore, Ottawa, Ont., announced a partnership with end-to-end digital verification analytics platform VeriFast.