Author: Michael Gersitz

The coronavirus is raging. Eleven million workers are unemployed. And at the end of this month — absent immediate and urgent action by Congress and the administration — millions of American families will be put into eviction and foreclosure proceedings

The Federal Housing Finance Agency is looking to finalize a rule that would require Fannie Mae and Freddie Mac to hold higher levels of liquidity to protect against any sudden shortfalls, creating a further $10 billion cushion for the publicly

The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set

2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full

Single-family housing starts continued their seven-month climb in November, coming in to the highest level since 2007, according to the Census Bureau. Housing starts rose 1.2% in November compared to October and are up 12.8% year over year to a

Keller Williams-owned Smarter Agent, a Philadelphia-based startup that allows agents to create their own branded apps, will be shutting down its dedicated app. Inman News first reported that Smarter Agent would be shutting down. Keller Williams declined to provide HousingWire

United Wholesale Mortgage is facing a potentially ugly court battle from a few of its own constituents. Three mortgage brokers in California claim that UWM pulled the rug out from beneath them in March when it changed the commission structure

2020 was a year that forced a number of industries to modernize and adopt technologies that had been otherwise underutilized. For the housing economy in particular, tech helped to solve many of the challenges that COVID presented and allowed the

The Federal Housing Finance Agency (FHFA) announced on Wednesday that its single-family and multifamily affordable housing goals for Fannie Mae and Freddie Mac will remain unchanged from those set in 2018-2020. However, unlike previous goals set for a three-year period, the FHFA announced the benchmarks

Uday DevallaCTO at Sagent Lending The 2020 economy is full of curious contrasts. Millions of Americans sought COVID mortgage relief like forbearances while millions more capitalized on refis and flocked to suburbs to buy new or bigger homes at record

The Federal Reserve left its overnight lending rate unchanged on Wednesday, and said it expects to keep interest rates low until labor market conditions and inflation hit the Federal Open Market Committee‘s standards of maximum employment and inflation moderately exceeding 2% for

After three successive months of record highs, the National Association of Home Builders and Wells Fargo Housing Market Index measuring builder confidence fell four points to 86 in December. Though the index fell from it’s 35-year series high, it is still the fourth month

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Smart Mortgage, which

Insellerate Customer Experience Platform Manage more loan applications, and close them faster with automated document collection.  Insellerate helps lenders close more loans through better borrower engagement.  The mortgage industry’s most innovative Customer Experience platform.  We deliver dynamic technology, strategy, and

FileInvite Manage more loan applications, and close them faster with automated document collection.  Customer facing teams spend extensive time following up on missing or incorrect documentation. FileInvite helps borrowers provide brokers and banks with all the information they need to

Cloudvirga TPO Cloudvirga TPO automates a lender’s wholesale origination workflow and provides private-label point of sale solutions to the lender’s brokers. Using the new platform, brokers can compare products and pricing, upload loan files, run dual AUS, prepare disclosures, order

New home purchases in November 2020 increased 34.7% from a year ago, but new home applications decreased from October, according to the Mortgage Bankers Association builder application survey. New home applications decreased 16% from October, said Joel Kan, MBA associate

Despite the steady decline in forbearance volumes since the peak in April 2020, 2.7 million homeowners remain on forbearance plans – and more than 78% of them are now in an extension, according to the MBA Forbearance and Call Volume

Data and analytics behemoth Verisk has reached an agreement to acquire behavioral data intelligence company Jornaya, the two companies announced on Tuesday. Verisk, headquartered in Jersey City, New Jersey, will add Jornaya’s proprietary technology – which tracks consumer behavior –