Up to now, homebuilding rankings have mostly answered two questions: who is bigger? And who is the biggest? They remain important questions. Scale matters in U.S. homebuilding. It affects land access, purchasing leverage, trade depth, capital relationships, brand reach, technology investment and resilience when demand turns uneven. In a market shaped by affordability pressures, higher-for-longer…
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When it comes to the process of selling a reverse mortgage, John Luddy exemplifies the clichéd phrase, “been there, done that.” After 40 years in the mortgage industry, including more than 20 in the reverse channel, there’s not much that surprises the Connecticut-based senior vice president of Supreme Lending. At last week’s Reverse Mastermind Summit…
Loan officers are shifting their playbooks to keep deals alive as mortgage rates climb north of 6.6%. Originators are encouraging borrowers to ask for more seller credits, recalibrate their home search criteria and rush to close deals as quickly as possible. Rates for 30-year fixed mortgages reached 6.62% on Friday afternoon, up 5 basis points…
Arbor Homes, a subsidiary of Clayton, is leaning into its Arrival Series to offer entry-level buyers a home in the low $200s, addressing the growing U.S. affordability gap. The Indianapolis-based homebuilder recently introduced the Arrival Series to the Louisville market, with detached homes available starting at $199,995. The homes, located in a community in the…