housing wire

Redwood Trust CEO Christopher Abate laid out a bold vision of growth for the real estate investment trust at an investor conference in New York City last month. Part of that vision included finding ways to tap into the nation’s

As the refi boom declines – taking the intense production volume of 2020 and early 2021 with it – and we move to a more purchase-heavy market, lenders are seeing a decline in profit margins and an increase in origination

Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). Exits are expected to pick up the pace in the weeks ahead due to economic improvement. The total

The largest depository bank in Indiana, Old National Bank, is being sued for alleged redlining practices that spanned more than a decade. A lawsuit filed by the Fair Housing Center of Central Indiana in district court claims that Old National

For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell

Changing environmental conditions will put 13.6 million residential properties at risk of flooding in 2051, an increase of 1.2 million over the next 30 years, according to a report published Monday by the nonprofit group First Street Foundation. The survey

Rohit Chopra Affordable housing and consumer advocates hailed Rohit Chopra’s confirmation as Consumer Financial Protection Bureau director, but industry stakeholders hope the watchdog agency will not catch them off guard. The mortgage industry widely expects the CFPB to increase enforcement

Servicers’ forbearance portfolio volume declined at a faster pace last week, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). And exits are expected to pick up the pace even more over the next few weeks.

There is still ample opportunity in the market for lenders to rope in refi business, according to a quarterly report published Monday by Sales Boomerang. And the reason for this is two-fold. The report – which is compiled using data sourced

Over half of Realtors said that social media was their top lead-generating technology tool, according to a new survey report from the National Association of Realtors. The most popular social media app among the random sample of Realtors surveyed was

The secondary market for mortgage servicing rights, or MSRs, has been heating up recently as interest rates tick up, increasing the value of MSR assets, and as other revenue streams for lenders begin to slow — such as loan refinancing.

In several previous articles I have opined that an increase in mortgage rates may be our only hope for slowing the escalation of home prices that we’ve been experiencing for the past year. With mortgage rates hitting above 3% last

Zillow on Thursday completed its $500 million acquisition of ShowingTime, which real estate agents use to schedule home viewings, as federal regulators did not extend their window to review the deal. The Seattle-based home listings platform had announced buying the

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure,

If you were tasked with defining the word “leadership,” how would you explain what it means? The word encapsulates so much, and yet according to Merriam-Webster, it can be summed up as “the power or ability to lead other people.”

PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels. According to PennyMac, for a one-unit property a borrower could receive $625,000, an increase of almost $75,000 from the maximum loan

Pending home sales rose in August, following two consecutive months of decline, according to the National Association of Realtor’s pending home sales index report released on Wednesday. And homebuyers with flexibility are keen on more moderately priced regions within the

With the purchase market becoming a primary emphasis for lenders in 2021, HousingWire sat down with CreditXpert VP of Marketing Mike Darne to talk about credit trends in a purchase market and how that impact lenders’ pipelines. HousingWire: We know

Real estate brokerages can survive, but only if they seriously invest in mortgage. So said members of a panel Tuesday on the evolution of the real estate brokerage during HousingWire Annual in Frisco, Texas. Today the value of a single

Mortgage application volume declined by 1.1% for the week ending Sept. 24, after a rebound in the previous week, according to the Mortgage Bankers Association (MBA). Pushing the decline was the purchase index, which dipped by 1.2% from the previous

LoanDepot CEO Anthony Hsieh After an origination team departed loanDepot in April of this year, loanDepot slammed the seven ex-employees and their new employer, CrossCountry Mortgage, with a lawsuit alleging they “hatched and implemented a scheme to loot loanDepot’s business.”

Mortgage companies must focus on bolstering cybersecurity infrastructure, and should report any and all incursions from bad actors who seek access to sensitive information or who plan to encrypt systems to hold for ransom. This was a core part of

Loan origination-related consumer complaints rose significantly over the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau’s (CFPB) report published last week. The bureau’s research brief, which analyzed the relationship between U.S. Census characteristics and

Largely driven by record-low mortgage rates, lending volume surpassed everyone’s expectations in the past year. But as lenders scrambled to keep up with demand, closing errors naturally crept in.  In the wake of this unparalleled volume, companies across the housing