Mortgage & Economy

Higher interest rates raise debt service, so DSCR requirements of about 1.20 to 1.25 reduce loan proceeds even when NOI is unchanged. Many commercial real estate buyers now need 25% to 30% equity instead of 20%.

Legislative efforts to bring back the modern boarding house are gaining steam nationwide, driven by the need for more affordable housing. Several states have passed laws. Others have legislation stalled in committee or awaiting a vote. To build on potential growth from new laws, Atlanta-based PadSplit – the country’s largest co-living marketplace – is launching…

Florida homebuyers have filed a class-action lawsuit accusing LGI Homes, loanDepot and their joint venture, LGI Mortgage Solutions LLC, of running an “improper home-sales scheme.”

PulteGroup announced on Monday that it has established a new division in the Florida panhandle. The move builds on its previously announced agreement with The St. Joe Company for up to 2,653 homesites in two Bay County communities, with first-phase development expected in 2027.

Chicago-based mortgage lender OriginPoint has hired top-producing loan officers Erin Halliday and Jon Levin from New American Funding, where they operated as a high-volume production team.

The bill would increase the basic benefit formula, providing a modest across-the-board boost for beneficiaries from 2027 through 2036.

Dream Finders Homes’ 2026 quest to acquire Beazer Homes has focused mostly on the target’s financial and operational underperformance. Dream Finders has publicly argued that Beazer shareholders deserve the certainty of a cash exit and that a new owner can produce better results from the company’s assets and operating platform. While pursuing Beazer, Dream Finders…

The Innovative Construction Group (ICG) deal frees up capital and eliminates the risk of factory ownership for PulteGroup, while Builders FirstSource will add off-site capacity and installation scale in the Southeast

Home Equity Conversion Mortgage endorsement declined in July after an uptick in June, while HECM Mortgage-Backed Securities issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors.

Better Home & Finance Holding Co. has appointed board member Daniel Lewis as interim CEO effective immediately, replacing founder Vishal Garg, the company announced Monday.