In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers.That’s according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). Released quarterly, the HBGI gauges housing construction growth in

The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a Delaware bankruptcy judge to settle a Worker Adjustment Retraining Notification (WARN) Act lawsuit for $1.75 million.In June 20

California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak.“Pennymac’s broker partners can now offer their clients a home equity loan as a second lien solution to access more cash, while still preservi

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes, the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases. Last May, EasyKnock gobbled up Ribbon, a power buyer firm, and in Sep