HousingWire spoke with Solidifi President Loren Cooke about what lenders can do to thrive in a disrupted and fast-growing market. HousingWire: While COVID-19 has dampened the spring purchase market, refinances are set to surge as a result of historically low
Jobless claims top 40 million as pandemic layoffs hit 1 in 4 workers
Another 2.1 million Americans filed jobless claims last week, bringing the tally of jobs lost during the COVID-19 pandemic to 40 million, about one out of every four workers. At the same time, there was a glimmer of hope: Continuing
Ben Lane starts a new adventure
A few months after I joined HousingWire in 2013, Ben Lane signed on as a mortgage reporter. The big news during that period was compliance with Dodd-Frank, including the Qualified Mortgage rule. A lot has changed in the industry and
HSBC partners with RateReset to offer instant interest rate adjustments on ARMs
HSBC Bank USA, the U.S. arm of HSBC Group, launched a digital mortgage platform last year with the help of Roostify to help its customers obtain a new mortgage, but it looks like the bank isn’t done advancing its digital
Movement Mortgage’s Jake Fehling to discuss Zoom’s impact on marketing at engage summit in June
While much of the world is shut down due to the coronavirus, companies across all industries are turning to online technology to keep employees and business moving. The front runner for digital team correspondence is Zoom, with over 13 million
Insurtech company supports industry digitization during social distancing
HousingWire spoke with Ross Diedrich, co-founder and CEO of Covered Insurance, about emerging trends in insurtech, how Covered has supported servicers during the COVID-19 period and what the transition out of this environment might look like. HousingWire: What are some
April’s plunge in pending home sales could mark the bottom, NAR says
Pending home sales in April plummeted a record 21.8% as COVID-19 kept buyers at home. However, April will likely mark the bottom of the slump induced by the pandemic, the National Association of Realtors said in a Thursday report. The
New digital lender Beeline promises purchase-ready approvals in 15 minutes
Artificial intelligence continues to progress past the ‘buzzword’ phase as more and more tech companies turn to cognitive simulation for digital solutions. Online lenders are responding to the growing demand for a greater remote landscape, as more appraisals, closings and
Mortgage rates hit another all-time low
The average U.S. rate for a 30-year fixed mortgage fell to 3.15% this week, the lowest ever recorded in a Freddie Mac data series that goes back almost five decades. The rate fell from 3.24% last week, setting a new
Miami Real Estate: What it’s like Buying a Home During COVID-19
In the wake of the Coronavirus pandemic, the US housing market has experienced increased volatility, and the real estate industry has responded quickly to the abrupt changes by adjusting processes to fit the “new normal” for the time being. Nationwide,
Apartment List National Rent Report
Methodology Note: Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with fully representative median rent statistics for recent movers taken from the Census Bureau American Community Survey. We then
Reno Real Estate Market 2020 Overview
If you are looking at buying an investment property in the Reno real estate market, you’ll find all the housing statistics on this page to help you make a sound decision. The real estate market in Northern Nevada has been growing
NYC Real Estate Market 2020 Overview
If you are looking at buying an investment property in the NYC real estate market, you’ll find all the housing statistics on this page to help you make a sound decision. Let us first look at the statewide data. The New York
Introducing HousingWire’s 2020 Class of Rising Stars
This year’s 2020 Class of Rising Stars celebrates 50 young innovators moving the housing industry forward. Coming from all sectors of housing – mortgage, real estate, fintech, servicing and more, these up-and-coming leaders are blazing their own trail. The norm
Will smaller cities see a boom from the coronavirus?
After the Great Recession, the number of big-city residents boomed. Flush with jobs and thirsting for modern high-rises, young adults and families moved into dense metro areas with amenities at their doorsteps and strips of restaurants blocks away. But those
As travel slows down, when will Airbnb owners recover?
As travel has been significantly minimized and less people are renting out Airbnb‘s, it leaves vacation rental owners in a bind, with some paying multiple mortgages. While Airbnb has mended some of its policies to accommodate the extenuating circumstances, are
Startup profile: Brace
Taken from HousingWire Magazine’s May issue, the startup profile on Brace looks at a company that is about to start creating disruptions in the housing space. With its sights set on the servicing industry, Brace recently closed a Series A
Appraisal technology reduces risk for appraisers and homebuyers in the midst of COVID-19
As the majority of the housing industry transitioned to working from home due to COVID-19 health concerns, many appraisers remained on the front lines. The Appraisal Institute and several other organizations rallied to deem appraisers essential workers so they would
CFPB data shows Americans were terrified about their finances as pandemic raged
Despite the efforts of the government over the last few months, there are still a great number of people confused about their financial relief options in the wake of the pandemic. Things have likely gotten at least a little better
What happens to real estate when COVID-19 busts state and local budgets?
As COVID-19 starts to loosen its grip on some of the nation’s coastal cities and begins a relentless march across the parts of the nation it hasn’t walloped yet, the rest of America is set to find out what happens
Summer is the new home-buying season
Spring has historically been dubbed “home-buying season,” but as the last few months have been shut down due to the COVID-19 pandemic, is summer the next best thing? The beginning of 2020 saw the strongest time for mortgage purchase applications,
Christine Beckwith to speak at June’s engage.marketing summit
In this year’s ultra-competitive and sometimes chaotic mortgage market, product and rates are just one part of winning business and expanding your customer base. It’s a motivated sales team, with defined goals, that ultimately grows market share. That’s the crux
People movers: Orchard and Black Knight
Phil Felice Real estate company Orchard has hired Phil Felice as its chief revenue officer and Elijah Meerson as its chief technology officer. Felice has nearly 20 years of experience in the industry, most recently as the U.S. CEO for
As Remote Work Continues, Bay Area Homebuyers Hone In on Oakland and Other Suburbs
San Francisco homebuyers are now considering farther-flung suburbs in the Bay Area, where they can get more space for less money, as remote work becomes the norm in the age of coronavirus. The housing market in Oakland and suburban parts
