Author: Michael Gersitz

Chicago-based Interfirst Mortgage Co. will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49

Anthony Hsieh, founder and CEO of loandepot A former loanDepot employee has filed a lawsuit against the company and its CEO, Anthony Hsieh, for allegedly discriminating against him due to his physical disabilities and his sexual orientation. This is the

The MSR sales market is finishing out 2021 at a robust pace that market observers expect will continue into the new year, propelled by a rising-rate environment and anticipated tax-code changes. As evidence, Denver-based Incenter Mortgage Advisors this month unveiled

A shortage of affordable starter homes is thwarting aspiring first-time homebuyers and fueling inflation in home prices. At the same time, many urban and rural communities are struggling for stability and vitality. It’s a fact: the homeownership gap between Black

This Lunch and Learn will examine the nation’s lack of housing inventory and the factors that have contributed to a decline in homebuilding. The discussion, which will feature speakers from the National A After last year’s record growth, mortgage leaders

President Joe Biden nominated Jerome Powell for a second term as Federal Reserve chair, and elevated Lael Brainard to vice chair, the No. 2 position at the central bank. Powell’s response to the COVID-19 pandemic, in the form of aggressive

RealSure CEO Katie Finnegan Realogy says it is real serious about its two-year-old iBuying division, RealSure. “Our RealSure investment will step up meaningfully in Q4 as we continue to scale, launch this new product, expand our direct-to-consumer marketing and substantially

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The evaluation of rules implementing the Home Mortgage

Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021.  That gravy train, however, is expected to slow down some as we turn the corner into 2022 — with rising interest

For lenders to successfully manage their portfolios, they need to provide borrowers with a seamless mortgage process from start to finish. It’s for this reason more lenders are starting to integrate automation, like eClosing solutions and automated underwriting, to provide

The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. But even with this push to make a borrower’s life easier, systemic inequality still exists. HousingWire recently sat down with Joe Hallett, Fannie

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10.01%-or-more down payment. But borrowers would be wise to note that they’ll get hit with higher interest rates.

Mat Ishbia, president and CEO of United Wholesale Mortgage Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave

For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the

The U.S. housing market is one of staggering proportions. With more than 100 million homesteads and an aggregate value approaching $40 trillion, housing is the largest single asset class in the country. While the numbers are stratospheric, the importance cannot