Author: Michael Gersitz

After Fannie Mae and Freddie Mac announced an added 50 basis point fee to all refinances, the housing industry was quick to react. Today, the National Association of Mortgage Brokers announced growing support behind its campaign to reverse the newly

Fannie Mae and Freddie Mac, the two largest mortgage financiers in the world, on Wednesday night announced they would impose a 0.5% fee on every refinanced mortgage starting Sept. 1. Look for it to become an issue in the campaign.

For the past two weeks, HousingWire took a deep dive into the effects an accelerated market can have on appraisal turn times and the delta between appraisal ratings and market forecasts. This week, industry experts discuss how to navigate client

Notarize has brought on Wendy Ivanoski as its vice president of Enterprise Strategy and Nicole Booth as executive vice president of Public Affairs. Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation

After COVID-19 paused travel, short-term rentals actually fared much better than hotels year-over-year, a new study said. As of June 21, short-term rental revenue per available room was down just 4.5%, while hotel revenue per available room was down a

The mix of working from home and renters seeking more space – albeit cheaper space – is pushing more people out of more expensive U.S. cities and moving into the suburbs. Particularly, Millennials are fleeing New York City for more

Mortgage lender NewRez is currently hiring for over 750 positions in its origination division. The company is seeking to fill positions in all four of its business channels – direct to consumer, JV/retail, wholesale and correspondent lending. Current openings include

The Community Home Lenders Association (CHLA) recently used the opportunity to submit a comment letter on proposed GSE capital levels to instead focus mostly on pending unresolved issues that are critically important to small mortgage lenders. CHLA did this not

Team member volunteer event collaborating with muralist Philip Simpson Quicken Loans and the Rock Family of Companies are built on 19 carefully thought out philosophies, or as they call them, ISMs, that compile all of their values into active ways they

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in

While we know people are migrating out of urban areas to seek more room in the suburbs, these two different kinds of housing markets are showing similar trends since COVID-19 shut down much of the country. The exceptions are the

Fannie Mae and Freddie Mac announced they will add a 50 basis points fee to all refinances starting Sept. 1. “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing

During this time when people are hunkering down with their families in cramped homes, an expansive vacation property seems more ideal than ever, especially in mountain towns like Aspen, Colorado and Jackson Hole, Wyoming. After seeing significant drops in April

Average U.S. mortgage rates for a 30-year fixed rose to 2.96% this week from an all-time low of 2.88%, Freddie Mac said in a report on Thursday. The average 15-year rate rose to 2.46% from 2.44% last week, according to

As Maya Angelou so aptly said, “When someone shows you who they are, believe them the first time.” Since the onset of the coronavirus that has plagued this nation we have watched policy makers and their varied responses at both

Following the launch of the Small Business Administration’s Loan Forgiveness Portal on Monday, Wolters Kluwer announced it is now submitting completed borrower loan forgiveness application data directly to the SBA via its TSoftPlus Paycheck Protection Program Forgiveness Module. Wolters Kluwer

Federal Reserve Bank of Boston President Eric Rosengren slammed the U.S. response to the COVID-19 pandemic, saying “inconsistent efforts” among states have caused the chance of a quick economic recovery to “fade.” “As long as the virus poses significant threats

[UPDATE] This article was updated on 8/13 to include a statement from the FHFA. Refinance mortgage loans sold to Fannie Mae and Freddie Mac after Sept. 1 will include a new adverse-market refinance fee of 0.5%, the two government sponsored