Author: Michael Gersitz

United Wholesale Mortgage announced Tuesday it is offering conventional mortgage rates as low as 1.99%, but brokers warn this rate isn’t for every borrower, or even the majority. “You won’t find a no-cost loan in the low 2s or high

Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound impact on an age-old conflict of appraisal reports

Till, a startup that aims to help renters set up customized payment schedules, has raised $8 million in a seed funding round. Route 66 Ventures, MetaProp and NextGen Venture Partners participated in the financing, the first external round of funding

The Mortgage Bankers Association sent a letter on Monday to the Consumer Financial Protection Bureau asking for a six-month extension to the so-called “GSE patch” that allows Fannie Mae and Freddie Mac home loans to borrowers with high debt levels

Note: The original story ran on June 26, 2020. It was updated on August 11, 2020, to reflect Sen. Kamala Harris’ recent appointment as presidential candidate Joe Biden’s running mate. Sen. Kamala Harris (D-CA), chosen by former Vice President Joe

There is a 30-point difference between white and Black homeownership rates in the U.S. today. Shockingly, the gap is wider than it was in 1968, when the federal government first outlawed racially based housing discrimination. Sadly, the pandemic, which is

Offerpad announced on Tuesday the expansion of its Real Estate Solutions Center into Port St. Lucie, Florida, as the first iBuyer in the region. The company resumed making cash offers in different parts of the country on May 8. Through

The amount of rent payments collected in the U.S. has ticked down slightly to 79.3% of apartment households making a full or partial rent payment by August 6, according to the National Multifamily Housing Council’s Rent Payment Tracker. While this

As the holidays ramped up in early December 2019, Woman of Influence Charlotte Catalfo had her eye not on decorating and gift-wrapping, but on a small but worrisome health crisis escalating halfway across the globe.  From the suburban Virginia headquarters

HousingWire President and CEO Clayton Collins recently sat down with Eric Christensen, product management executive at CoreLogic, to discuss recent updates to the company’s DigitalTax Platform. CoreLogic has invested more than $35 million into its DigitalTax Platform over the last

Ellie Mae announced Thursday it entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion. The move comes 15 months after Thoma Bravo, a private equity investment firm, announced it would acquire Ellie Mae in an

We sat down with Nancy Alley, vice president of strategic planning at Simplifile and one of HousingWire’s 2020 Women of Influence, to talk about the rapid changes in the closing process as a result of the pandemic. Will this end

The Oakland County Health Division in Michigan sent an emergency order to Mat Ishbia, CEO of United Wholesale Mortgage and United Shore Financial Services, saying employees weren’t wearing masks at work, contributing to the spread of the coronavirus. The emergency

Rocket Companies, parent company of Quicken Loans, underwhelmed in its public debut on Thursday. But executives remain optimistic with an eye toward the future, according to a HousingWire interview with COO Bob Walters. On Wednesday, we reported that Rocket Companies

After an unpredictable spring, Zillow Group said it has beat its outlook in the second quarter. The group’s total consolidated revenue grew 28% year over year in Q2, to $768 million, with a total net loss of $84 million. “Zillow’s