Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

Goldman Sachs rolls out online lender for the masses

Say hello to Marcus

Goldman Sachs will soon be offering an online lender for the masses, its first step into consumer banking, according to an article by Nathaniel Popper for The New York Times.

The new banking operation will be called Marcus, after the company chose founder Marcus Goldman over his business partner Samuel Sachs, the article states.

From the article:

Marcus is expected to be officially unveiled when the bank is ready to roll out the offering, most likely in October, according to people who were briefed on the plans.

Are more personal names becoming the new trend in the mortgage industry?

Earlier this year, Nationstar Mortgage confirmed what HousingWire first speculated on in December then reported in January – that the company would be launching a massive rebranding effort, combining its originations and servicing business under the name Mr. Cooper.

Goldman Sachs will begin by offering small consumer loans. This new venture is a way of pulling in extra income despite new regulations, the article states.

From the article:

Goldman has historically served corporations, governments and the ultra-wealthy. But new regulations introduced since the financial crisis — as well as difficult business conditions — have pushed Goldman and other Wall Street firms to look for new lines of revenue.

The online savings bank and Marcus are Goldman’s way of making use of the bank holding status that the company was forced to acquire during the financial crisis. There have been internal discussions about offering additional retail financial services, such as small business loans, through Marcus sometime down the road, people briefed on the plans said.

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3d rendering of a row of luxury townhouses along a street

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