After spending much of its first decade laying the groundwork for growth, Maryland-based Schaefer Homes emerged as the eighth-fastest-growing homebuilder by residential sales volume in HousingWire’s inaugural HousingWire Homebuilder Rankings.  Jim Schaefer, CEO of Schaefer Homes, founded the company in 2016 after several years in finance. Schaefer, a third-generation builder, initially operated the homebuilding company […]

Affordable housing advocates are warning that proposed reductions to several key U.S. Department of Housing and Urban Development (HUD) programs could make it harder for communities to address persistent affordability challenges and expand housing supply. The National Association of Local Housing Finance Agencies (NALHFA), which represents state and local agencies that finance affordable housing developments,

Mortgage lenders are rolling out new credit scoring models, but in the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans moving through the system. Susan Hosterman, senior director for North America RMBS and covered bonds at Fitch Ratings, said the company can currently rate securitizations