The St. Louis real estate market is hot. Homes are selling fast because inventory is low, creating a banner selling season for homeowners looking to move. While St. Louis real estate market remains more affordable than in many other metro
Stellar MLS to launch new agent platform
The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. Stellar MLS currently offers members
Ex-loanDepot COO: Tony Hsieh cut corners to boost volume
A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial
Homeowners gain $2.9 trillion in equity in Q2 2021
Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter
How brokers can help today’s unique borrower
The average borrower has drastically changed throughout the years. Today, more borrowers are self-employed, work remotely and have multiple streams of income. For brokers, working with these borrowers can be complicated because they require unique processes. HousingWire recently spoke with
Houston Real Estate Market: Prices | Trends | Forecast 2021-2022
We will discuss the latest Houston housing market trends. After a 13-month run of positive sales volume in the Houston housing market was abruptly ended in July, August saw a return to increased sales volume. Single-family home sales and total property sales
Existing home sales pop the 2021 housing bubble boys
The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000. Now that we are a few days away from October, we can again say that the housing bubble
Spokane Housing Market: Prices | Trends | Forecast 2021-2022
Spokane has been one of the hottest real estate markets in the country for many years. Home prices in the Spokane real estate market are expected to rise at a steady pace in 2021 & 2022. There is a high
Appraisal Subcommittee hosts tense discussion on bias
An Appraisal Subcommittee roundtable discussion about bias in appraisals struck a nerve with attendees of the virtual summit, many of them appraisal professionals. Department of Housing and Urban Development Sec. Marcia Fudge, who headlined the event, gave a short presentation
Fall Chores We SHOULD Do
Responsible Adulting. Our list of chores are never done. But now that people are putting up their Halloween decorations, picking apples, and making holiday plans, it’s also time to face some fall chores. Wait, don’t go! I know no one likes doing this stuff, but some of it’s really important, and you can reward yourself with […]
Lenders mandated to use FHA Catalyst for appraisals
Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week. The FHA Catalyst: Electronic
Detroit Michigan Housing Market: Trends & Forecast 2021-2022
Investing in the Detroit housing market has been a source of contention for investors for a long time. The effects of the pandemic are visibly diminishing in 2021, and other indicators show that the city is beginning to recover its
Jeffrey Naimon to speak at HW Annual Sept. 27-28
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
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
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
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