Author: Michael Gersitz

Optimal Blue is on the market, according to a news report from Barron’s. The publication reported last night that Optimal Blue’s owner, GTCR, is gearing up to put Plano, Texas-based Optimal Blue up for sale. Barron’s cited unnamed bankers and

Of all the innovations in the mortgage industry over the last 30+ years, few have the potential to be as transformative as electronic promissory notes, or eNotes. As borrowers, lenders and investors embrace a fully digital mortgage process, eNotes represent

[Update: This article has been updated to reflect Caliber Home Loans’ stance.] Wholesale lenders voiced their continued support of the Association of Independent Mortgage Experts despite recent lewd and sexist comments made by AIME Chairman Anthony Casa. Over the July

Flagstar Bank told HousingWire Monday that it is suspending its relationship with the Association of Independent Mortgage Experts over the lewd and sexist comments made by its chairman, Anthony Casa. “We want to respond to the recent statements highlighted in

The coronavirus pandemic has had a tremendous impact on our lives in one way or another. When it comes to housing, one survey has found that the top reason for moving over the second quarter was a need for more space.

HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. While leads flow from various sources

The Federal Housing Administration announced on Wednesday an expanded menu of its loss mitigation options in succession with the U.S Department of Housing and Urban Development’s eviction prevention and stability toolkit in an effort to help homeowners avoid foreclosure. The

As COVID-19 swept across the U.S., shutting down businesses and forcing many into unemployment, fear of a foreclosure wave has been rising. As borrowers came close to defaulting on their loans, rules were set in place that forced servicers to

At its beginning, the COVID-19 crisis had many consumers and housing professionals alike bracing for a housing crash. And with good reason: We were, and are, facing the biggest health and economic shock in recent modern-day history.   But what many

In a second-quarter report from ATTOM Data Solutions, it was revealed that housing markets most at risk due to the economic impact of COVID-19 are located on the East Coast. More specifically, 11 suburban counties around New York City, five

Sierra Pacific Mortgage has named Jeff Lochmandy as its vice president and divisional sales director for third-party originations. With over 30 years of experience in the mortgage industry, Lochmandy was previously at HomePoint Financial as its managing director. “I am

Multifamily housing saw fewer tenants making their rent payments for July as the COVID-19 pandemic worsened. According to RealPage and the National Multifamily Housing Council‘s research, 77.4% of renters living in professionally-managed apartments in the U.S. made their rent payment

Ginnie Mae’s newly imposed restriction on repooling of reperforming forborne loans yet again penalizes servicers acting as essential service providers in the continuing efforts to protect mortgagors facing financial hardship due to COVID-19.  Let me count some of the ways

There are 4.14 million mortgages in forbearance this week, a two-month low, Black Knight said in a report on Friday. The number dropped by 435,000 from last week – the largest decline of the pandemic, according to the report. Measured

Wells Fargo announced updates to its non-conforming refinance products at the beginning of July. While the updates loosen the jumbo requirements for current customers, the new standard for customers without a Wells Fargo relationship increased four times the amount it