A series of regulatory changes are taking place in housing due to a new political administration and the country’s reckoning with racial inequality in homeownership. That’s why HousingWire invited attorney Jeffrey Naimon, partner at the Buckley LLP Washington, D.C. office,
Renter market picks up in suburbs
American suburbs surrounding the nation’s 50 largest metropolitan areas gained a total of 4.7 million new residents since 2010, with 3.7 million of them renters, according to a report by nationwide apartment search website RENTCafé on U.S. Census Bureau data.
Senate to advance Biden’s pick for CFPB
Eight months after President Joe Biden tapped Rohit Chopra to lead the Consumer Financial Protection Bureau (CFPB), Sen. Majority Leader Chuck Schumer said he is ready to bring the nomination to the Senate floor for a vote. The Senate Cloakroom
One-third of real estate CEO comp is variable, up from 2016
A full one-third of the compensation paid to non-controlling shareholder real estate CEOs is variable, according to the 2021 RealTrends Brokerage Compensation Report. This is up considerably from 2016, when the last report was published. “A great thing happened over
Raleigh Housing Market: Prices | Trends | Forecast 2021-2022
If you are looking to invest in Raleigh real estate, you must read till the end. Raleigh, North Carolina is a southeastern city often overshadowed by the larger Charlotte market. Raleigh is the capital of North Carolina. It is the
Radian’s Suzanne Powell on taking an “automation-first” approach
While the rise of digital technology has permanently shifted the world of lending, many borrowers still look for a human-touch experience to help create trust and transparency throughout the lending process. “A successful model can maximize the use of both
Fannie Mae to restart credit risk transfers
Fannie Mae announced that it will restart its credit risk transfer program by the fourth quarter of 2021, following proposed changes to its capital rule. The company said it expects to transfer mortgage credit risk via its Connecticut Avenue Securities
August housing starts better than expected
U.S. homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% higher than a year ago, according to a new report by the U.S. Census Bureau and the U.S. Department of Housing and Urban
Sacramento Housing Market: Prices | Trends | Forecast 2021-2022
This article has been updated to provide a snapshot of the Sacramento housing market in 2021. Sacramento house prices are expected to rise further this year, according to realtors. In 2021, the Sacramento–Roseville–Arden-Arcade, Calif., metro area is expected to have
Homebuilders are targeting the exurbs and inner suburbs
Confidence among homebuilders steadied over the past month despite continuing material and labor challenges, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. The report is based on a monthly survey
Forbearance numbers fall as borrower exits remain high
Servicers’ forbearance portfolio volume fell once again last week, as exits remained elevated compared to requests or re-entries. The total number of loans in forbearance dropped by eight basis points to 3.00% as of Sept. 12, according to the Mortgage
Rocket Mortgage’s Rachel Robinson to speak at HW Annual
As the housing economy becomes increasingly digital, appraisal modernization may hold the key to not only providing a better experience for borrowers and lenders but also reducing potential appraisal bias. That’s why HousingWire invited Rachel Robinson, director, collateral policy and
Deconstructing Trump-era restrictions on Fannie & Freddie
President Joe Biden and FHFA Acting Director Sandra Thompson Less than a week before President Donald Trump was scheduled to leave office, Treasury Secretary Steve Mnuchin and Federal Housing Finance Agency Director Mark Calabria announced several controversial changes that infuriated
Reverse mortgage volume drops in August
The reverse mortgage volume boom appears to have diminished for now, at least if new data is any indication. Home Equity Conversion Mortgage (HECM) endorsements fell in August, 2021 by 14.3% to 3,679 loans, with July now having marked the
The purchase mortgage market continues to pick up steam
Mortgage loan application volume rebounded from the week prior, increasing by 0.3% for the week ending Sept. 10, according to the Mortgage Bankers Association’s weekly report. The increase in application volume was predominantly driven by purchase mortgage activity, which grew
Cleveland Housing Market: Prices | Trends | Forecasts 2021-2022
If you are looking at buying a house in Cleveland you must read till the end. Cleveland is often looked at as a has-been market. However, its turnaround has created several opportunities for investors and residents alike. The Cleveland housing
Treasury removes restrictions on investment properties
The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac. Under those requirements, Fannie Mae had restricted
Kansas City Housing Market: Prices | Trends | Forecasts 2021
The Kansas City real estate market is very hot and in many ways the envy of housing pundits on both coasts. Despite the COVID pandemic causing huge unemployment and impaired consumer confidence in real estate buying and selling, the Kansas
Black Knight looks to court brokers with new LOS
Black Knight is looking to hook mortgage brokers with a new loan origination system designed specifically for them. The Florida-based mortgage tech and analytics behemoth on Wednesday unveiled “LoanCatcher” to mortgage brokers, which it described as an “end-to-end” solution that
10 Beautiful Small Towns in America Worth Moving To Today
Are you looking to escape the hustle and bustle of city life? Does the idea of a laid-back lifestyle sound appealing to you? If you answered yes, then you should consider moving to a small town. Small towns across the
CoreLogic’s chief appraiser to speak at HW Annual
Big changes are ahead in the valuation space, most recently seen with the FHFA asking for input on appraisal modernization efforts. Will hybrid appraisals become the new norm? Are the GSEs going to expand the use of appraisal waivers? These
Is Mike Calhoun still in the running for FHFA director?
Mike Calhoun is president of the Center for Responsible Lending This week the Biden administration announced several high-level nominations, including Alanna McCargo to lead Ginnie Mae. But missing from those announcements was the White House’s widely expected pick for the
How to Prepare for a Home Appraisal: 9 Tips to Maximize Your Home’s Value
The home appraisal is your last chance to ensure your home’s value comes in as high as possible, which is especially important since most offers you’ll receive will be contingent on the buyer acquiring financing from a mortgage lender. Basically,
Pacaso’s plans to “democratize” second-home ownership
Real estate startup Pacaso announced Tuesday that it has raised $125 million in its recent Series C funding round, giving it a $1.5 billion valuation. This announcement comes less than six months after the company raised $75 million, bringing its