Author: Michael Gersitz

Former Vice President Joe Biden has proposed a $15,000 tax credit to help first-time homebuyers purchase a property. As is typical for campaign proposals from either party, the details remain to be fleshed out. And before any tax credit would

In honor of the 2020 HW Insiders list that was announced on Monday exclusively for HW+ members, HousingWire interviewed Dean Kirchen, senior vice president of WFG Default Services at WFG National Title Insurance Company, to get his insight on the

The Zillow listing for 3913 Pirates Beach Circle in Galveston, Texas highlights the “incredible water views of Marina Boulevard Lake,” and praises the home’s recently remodeled kitchen and original hardwood floors. For just $244,000, the waterfront home is “a must

It was almost midnight on Aug. 12, when Matt Rasetta received a text message from one of his loan officers: Fannie Mae and Freddie Mac had just announced a 0.5% adverse-market fee. The owner of Superior Rate Mortgage of New

The Federal Housing Finance Agency announced on Wednesday that Fannie Mae and Freddie Mac would continue to buy qualified loans in forbearance until Sept. 30, extending the previous deadline of Aug. 31. The GSEs will also extend other loan flexibilities

As the nation grapples with the effects of an ongoing pandemic, Mother Nature has shown little mercy as wildfires have been burning in parts of Northern California since last week and residents of the Gulf Coast face evacuation orders with

Under normal circumstances, the disastrous economic consequences of the COVID-19 pandemic would lead us to expect a massive wave of foreclosures.  Since the beginning of the pandemic, the country entered a recession and the GDP is expected to fall by

MAXEX, which last month re-introduced its Jumbo Express loan program, announced today that it is has been approved as a direct seller to Fannie Mae and is expanding its conforming loan program. MAXEX’s Chairman and CEO Tom Pearce announced the

As fires and a hurricane threaten communities across the U.S. this week, residents of low-income housing are at an especially high risk of financial and other loss resulting from the natural disasters, the Urban Institute has shown. For one community

In January, our team at Knox Financial felt like we had the wind at our backs. Knox was approaching its first full year in business, and every month more homeowners and landlords were putting their properties onto our platform that

The last two times Fannie Mae and Freddie Mac instituted an adverse-market fee to compensate for a riskier lending environment, during the run-up to the financial crisis more than a dozen years ago, lenders got plenty of warning. The announcements

Despite mortgage rates that continue to hover around 3%, mortgage applications fell 6.5% last week, according to a report from the Mortgage Bankers Associations. As the industry continued its dialogue regarding the proposed refinance fee, the refinance index fell 10%

Sales of new homes rose to an annualized rate of 901,000 in July – a near 13.5 year high for the second month in a row, according to the Census Bureau and the Department of Housing and Urban Development. According to the

This story has been updated with reaction from industry trade groups. The Federal Housing Finance Agency announced Tuesday it is postponing the date it will begin implementing its adverse market refinance fee to Dec. 1. The FHFA directed Fannie Mae

From retail to restaurants, the COVID-19 pandemic has taken out tens of thousands of businesses nationwide. But minority-owned companies have fared much worse than their white counterparts, largely due to limited access to capital. The number of active business owners

The Census Bureau‘s new home sales report released Tuesday hailed another defeat to the housing bears’ doom and gloom predictions for 2020 after COVID-19 hit our economy. There may have never been another time in the history of America when the bears

Mortgage lending this year likely will total $3.4 trillion, about $1 trillion higher than 2019, as low rates boost refinancings, Fannie Mae said in a forecast. That would be the highest level of originations since 2003’s $3.8 trillion, according to

HousingWire spoke with Altisource Vice President of Product Ben Hall about the increased adoption of remote online notarization (RON) and how Altisource supports lenders looking to move to full eClosings. HousingWire: The COVID-19 pandemic has fueled the conversation around wider