Homebuilders have no motivation to grow permits with 7% rates
Even though new home sales showed growth last month, the homebuilders — both big and small — have no desire to grow housing permits or starts with 7% mortgage rates. Housing starts and permits peaked in 2022 and have been fluctuating at levels similar to the early stages of the COVID-19 recession fo
UpEquity receives warehouse facility from Silicon Valley Bank, Setpoint
Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity.The funding is expected to support $1 billion in originations over the next two years
VA loans are up 45% annually, and Gen Zers are leading the charge
Loan volume through the U.S. Department of Veterans Affairs (VA) is up 45% during the first half of 2025 compared to the same period in 2024. That’s according to an analysis of VA loan data released Wednesday by Veterans United Home Loans.The analysis, based on lending data from the first half of fi
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