Author: Michael Gersitz

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Securitization channels for those home-equity products,

Hope through Housing is a non-profit organization whose mission is to end generational poverty through affordable housing, educational programs and advocacy. In 2022, they were the recipients of an MLK grant which will be used to fund their youth development

The Federal Reserve‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy

The U.S. Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American

The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the

The current bank crisis hit California-based Pacific Western Bank, a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans.  Following the collapses of Silvergate Bank, Silicon Valley Bank and Signature Bank over the

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HousingWire:

The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced it has awarded $54 million to 182 fair housing organizations across 42 states under its Fair Housing Initiatives Program (FHIP). The goal is to provide support to organizations

The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin. The report is based on data collected by Redfin from county record across 40 of the most populous

Homebot, a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance, a mobile app for first-time homebuyers. “Quo will massively accelerate Homebot’s mission to connect people to make informed homeownership decisions,”

Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates, following the turbulence in the financial markets caused by regional bank failures.  But the same bank crisis is bringing volatility to the mortgage-backed securities

Existing home sales had a huge beat of estimates on Tuesday. This wasn’t shocking for people who follow how I track housing data. To understand why we had such a beat in sales, you only need to go back to