Author: Michael Gersitz

This year has brought plenty of disruption to mortgage servicing, from regulatory and economic uncertainties, to a long-term shift toward remote work environments. Meanwhile, the past decade has seen an explosion of digital solutions in mortgage origination, and servicing will

Fannie Mae, the largest mortgage financier in the U.S., said Friday that its net income in the fourth quarter of 2020 checked in at $4.6 billion – up 8% from the third quarter. The government-sponsored entity’s total net income for

Tai Christensen, CBC Mortgage Agency’s director of government affairs, will join other housing luminaries to discuss how lenders can increase their diversity to impact minority homeownership at HousingWire’s Spring Summit on March 4. The homeownership gap between white and Black Americans is

It wasn’t long ago that scribes were writing the obituary of the mortgage underwriter. And yet, during the COVID-19 pandemic, the underwriter has become the most sought-after professional in the mortgage industry. Some underwriters were commanding five-figure bonuses on top

Realogy announced Thursday that it has centralized its lead programs under one roof, yet another example of streamlining and reorganization at the brokerage conglomerate over the past year. Effective immediately, the move hands the lead generation process at all franchises

Online retail lender loanDepot raised just $54 million by offering 3.9 million shares at $14 on Thursday, far below the range of $19 to $21 it initially had sought. The downsized offering follows a theme that’s afflicted almost all of

“Big Four” title insurer First American Financial Corp. announced a healthy $7.1 billion in total 2020 revenue in its annual earnings report, released Thursday. That’s a 14% rise year over year, according to officials. Net income was $696.4 million last

Real estate brokers are a chatty bunch, but a few can be draining socially. Discuss the weather, how your pets are handling the pandemic, even the housing market, but these brokers will steer the conversation to one subject, and one

When you go to buy a home, your mortgage lender will almost always order a home appraisal. The purpose? They want to verify the home’s worth. Specifically, they want to be sure it’s worth the money they’re lending you and,

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA forbearance plans initially had a 12 month expiration date, however, the government entity is

The demand for real estate has grown to a frenzy in some areas of the country over the last year and succeeding in those competitive markets requires skill, experience and finding innovative ways to get deals done. That’s why we’ve

Last June, Angel Oak Mortgage Solutions was bracing itself for an influx of non-QM borrowers after the pandemic. Since then, there has been a healthy appetite for non-QM products. HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of

Venture capital-backed real estate technology firm Matterport will merge with a blank-check company and go public in a deal that values the startup at $2.3 billion. Matterport, a spatial data firm that makes software for virtual property tours, will merge

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability

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Metro Brokers – Craig McClelland McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. He grew the firm to 23 offices with 1,100 agent before selling the company at

Nominations for HousingWire’s 2021 Rising Stars opened today! HW Rising Stars are industry professionals under 40 who have become leaders in their respective fields of housing. Last year’s list of award recipients was made up of impressive leaders who are