housing wire

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve’s (Fed) meeting to announce the new target for the federal funds rate.  According to the latest survey from the Mortgage

Things were looking good for the Securing and Enabling Commerce Using Remote and Electronic Notarization (SECURE) Act as of late July after it passed in the House of Representatives as part of a package of bills. However, the bill’s momentum

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that

HW Media Update Starting in 2018, HW Media started focusing on events for marketers with Engage Marketing. In 2022 this tradition was continued with the Marketing Leader Success Summit at HousingWire Annual in Scottsdale. In this update Clayton Collins and

Annual home-price growth slowed further in August, with year-over-year price gain shrinking for the fifth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide home prices posted a year gain of 13.0% in August, bringing

Recession is coming, according to the Mortgage Bankers Association.  The MBA forecasts a recession in the first half of 2023, with the unemployment rate at 5.5% and inflation at the 2% target by the end of next year. The economic

As the risk of wire and title fraud increases, the discussion around the problem in the industry grows louder. Earlier this year at MBA Tech 2022, the Mortgage Bankers Association held a panel that included title industry executives, lender risk

Single-family rental behemoth Invitation Homes is seeking a joint venture partner to take advantage of the latest drop in home prices, according to a report by Bloomberg. The company is working with commercial brokerage Eastdil Secured to find a partner

America is in a “full damage control mode” while the Federal Reserve attempts to control inflation, inflicting pain on the mortgage industry – and that’s when “bad policies have a habit of rearing their ugly head,” according to Mortgage Bankers

On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. Rocco, the CEO of Grandbridge Real Estate, a commercial real estate investment bank subsidiary

Real estate brokerage and services company Anywhere Real Estate announced last week that it is appointing Tony Kueh as its first chief product officer. In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments.

With rising rates and low housing inventory, lenders are competing for every borrower they can get. In light of that, HW Media Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Ty Tucker, CoreLogic executive, Loan Solutions Group, at

Three Washington, D.C.-based real estate firms — DARO Management Services, DARO Realty and Infinity Real Estate — and company executive Carissa Barry, have been handed a hefty $10 million civil penalty as part of a settlement for illegally discriminating against low-income

Within the span of a week, San Francisco-based digital real estate unicorn Roofstock completed its first property sale through non-fungible token (NFT) and laid off about 20% of its workforce. A Roofstock spokesperson told SFGATE that owing to the “economic

Amid one of the most challenging mortgage markets since the great financial crisis, Finance of America Mortgage LLC (FAM) will shut down by the end of the year following its decision to exit the wholesale channel and the collapse of

Drop in refis, soaring interest rates and rise in homeowner costs to utilize equity drove prepayment to the lowest level since November 2000. Prepayment activity dropped 14.9% to a single-month mortality (SMM) rate of 0.57% in September – below the

On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy

As mortgage rates continue to rise, originations are not the only side of the industry affected. So how is the servicing sector reacting? “The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Phoenix, Arizona Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand

Earlier this year, congressional Democrats considered making major investments to promote housing affordability as part of their Build Back Better bill. But the way this legislation was considered — through the inherently partisan “reconciliation” process — ensured it would garner

Ginnie Mae on Friday announced that it has extended the mandatory implementation date of its controversial risk-based capital requirement (RBC) for nonbanks to Dec. 31, 2024. The rule — which reduced the minimum risk-based capital ratio from 10% to 6%, but

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Based on

The parent company of mortgage servicing rights clearinghouse Marlin Mortgage has struck a deal to acquire 100% of the outstanding equity of direct-to-consumer mortgage lender LoanFront. Terms of the deal were not disclosed and it requires regulatory approval. In acquiring

2022 and 2023 will not mirror the conditions of 2008 and beyond. But they won’t resemble 2020 either. Below are a few lessons title agents can take from previous down cycles that could help them adapt to current market conditions.