More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. According to the Mortgage Bankers Association‘s Research Institute for Housing
Outdoor Lighting Ideas for Your Home
Holiday time is here! Let your home shine bright!
Gay, disabled ex-employee sues loanDepot for discrimination
Anthony Hsieh, founder and CEO of loandepot A former loanDepot employee has filed a lawsuit against the company and its CEO, Anthony Hsieh, for allegedly discriminating against him due to his physical disabilities and his sexual orientation. This is the
Guaranteed Rate’s Shant Banosian clears $2B in originations in 2021
Guaranteed Rate’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record
How to help homeowners make the most of home equity
As home equity reached another record high this year, mortgage companies have a big opportunity to help homeowners understand how to better manage or leverage their home’s equity to improve their housing and overall financial outlook. Even as rates are
Homepoint’s Phil Shoemaker: Lessons from a tech-based mortgage leader
If you added up the impact that HousingWire’s Vanguard winners have had on the industry, you’d likely have a comprehensive list of the initiatives that have moved markets forward. These are the leaders who have dreamt, shaped and molded a
Interfirst Mortgage to lay off nearly 50 LOs
Chicago-based Interfirst Mortgage Co. will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49
The MSR market is exuberant — for all the right reasons
The MSR sales market is finishing out 2021 at a robust pace that market observers expect will continue into the new year, propelled by a rising-rate environment and anticipated tax-code changes. As evidence, Denver-based Incenter Mortgage Advisors this month unveiled
Opinion: Pass the Neighborhood Homes Investment Act
A shortage of affordable starter homes is thwarting aspiring first-time homebuyers and fueling inflation in home prices. At the same time, many urban and rural communities are struggling for stability and vitality. It’s a fact: the homeownership gap between Black
Second term for Powell, Brainard to be Fed vice chair
President Joe Biden nominated Jerome Powell for a second term as Federal Reserve chair, and elevated Lael Brainard to vice chair, the No. 2 position at the central bank. Powell’s response to the COVID-19 pandemic, in the form of aggressive
Low-to-no cost strategies for keeping your pipeline full in 2022
This Lunch and Learn will examine the nation’s lack of housing inventory and the factors that have contributed to a decline in homebuilding. The discussion, which will feature speakers from the National A After last year’s record growth, mortgage leaders
Inside the Realogy-Blackstone iBuying venture
RealSure CEO Katie Finnegan Realogy says it is real serious about its two-year-old iBuying division, RealSure. “Our RealSure investment will step up meaningfully in Q4 as we continue to scale, launch this new product, expand our direct-to-consumer marketing and substantially
Charlotte Housing Market: Prices | Trends | Forecast 2021-2022
The homebuyers in the Charlotte housing market have dealt with a persistent seller’s market, which has shrunk inventory and driven up home prices. Charlotte’s real estate market continues to boom without being affected by the pandemic. Homes are selling quickly,
Cost vs. Value: Best ROI Home Improvements in Miami
If your home is in need of an upgrade, it’s important to know which home improvements may increase your home value so you get the most return on your investment (ROI). Whether you’re selling your home in Miami, FL and
Housing Market Forecast 2022: Will It Crash or Boom in 2022
Mortgage rates at record lows and a lack of available inventory are sustaining the US housing market’s demand. While affordability concerns continue to grow, low mortgage rates, increased savings, and a strengthening job market all contribute to making homeownership more
Cost vs. Value: Best ROI Home Improvements in Austin
If your home is in need of an upgrade, it’s helpful to know which home improvements offer the best return on investment (ROI) and can boost your home’s value. Whether you’re listing your home for sale in Austin, TX, or
Don’t Wait!
What the experts at Realtor.com saying about Winter 2021-2022’s market?
CFPB ponders how well HMDA captures discrimination
The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The evaluation of rules implementing the Home Mortgage
How Fannie Mae is leveraging technology to expand access to homeownership
The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. But even with this push to make a borrower’s life easier, systemic inequality still exists. HousingWire recently sat down with Joe Hallett, Fannie
Why the private-label market will chill in 2022
Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021. That gravy train, however, is expected to slow down some as we turn the corner into 2022 — with rising interest
What role does appraisal tech have in creating customers for life?
For lenders to successfully manage their portfolios, they need to provide borrowers with a seamless mortgage process from start to finish. It’s for this reason more lenders are starting to integrate automation, like eClosing solutions and automated underwriting, to provide
UWM waives MI with a 10.01% down payment, but there’s a catch
United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10.01%-or-more down payment. But borrowers would be wise to note that they’ll get hit with higher interest rates.
Is UWM’s plan to shed the “meme stock” label?
Mat Ishbia, president and CEO of United Wholesale Mortgage Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave
@properties looks beyond Chicago with Christie’s deal
For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have