In 2025, the Legislature will meet to pass a state budget that must be balanced based on projected revenues, as required by state law. This spring, policymakers may face a less rosy state revenue scenario than they have in any of the last four biennial state budget cycles. Two key…
Continue reading →HousingWireHousingWire Sam Valverde, who stepped down as acting president of Ginnie Mae on Nov. 30, will join Freddie Mac as vice president of mission and community engagement in the government-sponsored enterprise’s single-family acquisitions division. The move is effective Monday. With more than 20 years of experience in housing and capital…
Continue reading →Bring Back the Trades summit organizer Amanda Grappone-Osmer, left, presents a map of schools that attended the event to Mike Rowe as Governor-elect Kelly Ayotte looks on. (Photo by Trisha Nail) In 2001, a TV professional in San Francisco, named Mike, was approached by his mother who told him that…
Continue reading →HousingWireHousingWire UWM Holdings Corp., the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UWM), has raised $800 million through an unsecured debt offering, a 60% increase from its initial plan. The offering, targeted at qualified investors, priced at 6.625% with senior notes due in 2030. These notes are…
Continue reading →HousingWireHousingWire The U.S. job market performed better than expected in November, gaining 227,000 nonfarm payroll jobs from a month prior according to data released Friday by the U.S. Bureau of Labor Statistics (BLS), sending mixed messages ahead of the Federal Reserve‘s meeting next week. “Today’s report shows a strong labor market, but the…
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