California is home to beautiful beaches, a vibrant arts and entertainment scene, and stunning nature. It’s no surprise that California is the most populous state in the United States, with around 39 million people calling it home. If you’re considering
Unpacking the top housing regulations to watch at HW Annual on Oct. 4
The current administration has been in office for over a year and a half, and with that tenure, a lot of the new housing officials have had time to create and announce their core initiatives. To help bring you the
6 Most Affordable Philadelphia Suburbs to Live In
Whether you want to call it by its nickname, “The City of Brotherly Love,” or just by its name, Philadelphia is often considered one of the great destinations to relocate to in the North East. From its legendary food scene
Learn the Lingo
Sometimes it sound like Realtors have their own language. We forget that not everyone speaks “Realtor-ese”. Let’s review the basics and take away any confusion you may have. Realtor.com shared 9 common real estate terms in a recent post that might help. Appraisal Contingency: Having an appraisal contingency in your purchase agreement means you will buy […]
Mortgage delinquency rate rebounds after hitting record lows
The national mortgage delinquency rate rose in June after hitting consecutive record lows in each of the previous three months. The overall delinquency rate rose nine basis points to 2.84% in June, according to Black Knight. The delinquency rate is
Texana Bank to trim workforce in California
Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. Lauren Witherspoon, director of human resources, wrote: “Circumstances will force
The nation’s housing market is on a correction course
Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Several
Even in a down market, lenders lean on LO signing bonuses
Gone are the days that loan originators received hefty signing bonuses to crank out refi after refi. But make no mistake, even in a down mortgage market lenders are still dangling signing bonuses to recruit high-producing LOs who can eat
Seattle Housing Market: Prices, Trends & Forecast 2022
Seattle Housing Market Report For June 2022 The Seattle housing market has been hot this year. Despite record-low inventory levels, last year saw record-breaking sales. No month had more than a month’s supply. By and large, industry observers describe a
Even super hot housing markets like LA are cooling off
Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota Rapid
What Are Suburban Apartments? All About These Affordable Homes
Remote work environments and rising rent prices have made suburban living more attractive in recent years. Young professionals are opting for larger homes with more rooms that double as office spaces, which come at a significant discount in the suburbs.
What Happens to Homeowners if the Housing Market Crashes?
How Does a Market Crash Affect Homeowners? If home values fall quickly, purchasers may find themselves with underwater mortgages, which means they must either stay in the house until the market recovers or sell and lose money. Homeowners owe more
Houston fugitives in custody on mortgage fraud charges
Three alleged charlatans from Houston have been nabbed by federal authorities and taken into custody on charges related to mortgage fraud, credit repair and government loan fraud, the Department of Justice said on Friday. The DOJ claims that Heather Ann
HW+ Member Spotlight: Omar Ennabe
This week’s HW+ member spotlight features Omar Ennabe, who serves as president at Ennkar, a reverse mortgage lender. Below, Ennabe answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Omar Ennabe: I enjoy reading anything Chris Clow
Marcia Davies to speak at HW Annual Oct. 3-5
Women are not only dominating in the mortgage and real estate industry, but also they are making room at the table for a new generation of women to do the same. To help fuel this growth for future and current
Bay Area Housing Market: Prices | Trends | Forecasts 2022
This page has been updated to reflect the most recent trends in the San Francisco Bay Area housing market. Despite the fact that homes in the Bay Area housing market continue to sell for record prices, some real estate experts
Guaranteed Rate moves beyond mortgage
Guaranteed Rate is looking to diversify its product mix amid the mortgage downturn. The mortgage lender has rolled out its first personal loan product. Customers can apply for personal loans in 10 minutes and receive funds between $4,000 and $50,000
GSEs bolster diversity with senior hires
Both Fannie Mae and Freddie Mac this week made two senior hires that increase diversity in leadership at the enterprises, where the leadership skews toward white and male. At Freddie Mac, Dennis Hermonstyne Jr., who previously worked at Santander Bank,
New to Indy? Locals Recommend Unique Things to Do in Indianapolis
There are plenty of reasons to move to Indianapolis. The largest city in Indiana offers the benefits of living in a major city while maintaining a little small-town charm. Countless unique activities allow newcomers to immerse themselves in their new
8 Reasons to Move to Los Angeles From the Locals Who Love Living There
Thinking about moving to the City of Angels? With 12 million people calling the greater Los Angeles area home, it’s been one of the fastest-growing regions in the United States for decades. It also has one of the most diverse
Flyhomes lays off 20% of its employees as housing demand falls
Flyhomes is the latest venture capital-fueled real estate company to fall victim to the slowdown in the housing market, opting to lay off 20% of its staff this week. To operate in a fiscally “prudent and sustainable” manner in the
Fannie Mae notches two more CIRT deals
Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers
Eco-Friendly Paint Options: Low VOC, No VOC, and What’s VOC Anyways?
Painting your home is one of the easiest ways to bring new life to your space, make it feel like home, or put the final touches on a remodeling project. If you’re looking to make an eco-friendly upgrade to your
If The Housing Market Crashes What Happens To Interest Rates?
In the summer of 2022, there is a lot of speculation in the media that the slowing housing market is an indication that the market is headed for a housing crash. People who recall the subprime mortgage crisis are concerned