housing wire

The waning pandemic in the U.S. is opening substantial opportunities across many housing sub-markets. All of these markets benefit from an accurate understanding of valuation and property characteristics, but the data sources that power them leave out a crucial component:

This article first appeared in the June 18th newsletter Lending Life. Sign up here to receive each weekday. On Thursday, President Joe Biden signed a bill into law, declaring June 19th, or Juneteenth, a federal holiday. Biden’s order commemorates the

Only 2.7% of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. Per a report from ATTOM, a national property database, 32,526 single-family homes and condominiums in the

Through a stroke of lucky timing, the New York Department of Financial Services (NYDFS) had gained traction with a reorganized and strengthened consumer advocacy mission just before the COVID-19 pandemic erupted in early 2020. Homeowners, renters, borrowers, lenders and mortgage

For Jason Vanslette, a lawyer who specializes in foreclosure litigation, everything came to a screeching halt on March 27, 2020. President Donald Trump had just signed the CARES Act into law, and with it, a moratorium on foreclosures and evictions

“These are the best of times,” declared Stuart Miller, chairman of the board for Lennar Thursday. And the homebuilder’s quarterly financial performance backs up what Miller is talking about. Lennar, best known for producing homes for the middle class, reported

Stewart Title continues to tinker with its national footprint. The title giant recently combined its two Northern Nevada divisions – Legacy Division and Western Division. Legacy was previously Capital Title, and Western was formerly Western Title Company — the latter Nevada’s

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ― the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. Compared to May

Phoenix, Austin, Sacramento, Las Vegas and Miami reported the biggest increase in home prices in May, according to a recent report from Redfin. Home prices in Austin were up 42.4% year over year in May to $470,000, the biggest increase

Courtney Graham, Princeton Mortgage CMO, will speak at HousingWire’s annual engage.marketing on June 17. Graham will join Bill Dallas, president of Finance of America Mortgage, on a panel entitled Winning in a Red-Hot Purchase Market. Graham, a 2020 HousingWire Woman of Influence, led

Mortgages in forbearance fell for the 15th consecutive week last week to 4.04% of servicers portfolio volume ― a 12 basis point decline, according to a survey from the Mortgage Bankers Association. As of June 6, the MBA now estimates

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc. is providing the eVault

Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market.  As Chief Operating Officer at Waterstone Mortgage, Rich Tucker is no stranger to the

This is Part I of a deep dive into the home appraisal industry, which has faced a growing number of claims of racial bias. Today we explore the origins of the appraisal industry and its current lack of diversity. In

The recent action in the 10-year bond yield has puzzled many people, but it looks wonderful to me as it shows that the U.S. economy and housing market are leading the world out of the recession. When I wrote the

Ohio-based Lanco Title Agency has joined forces with the Northwest Title group, bringing the two Buckeye State firms together. “The new affiliation will help provide Lanco Title with a greater depth of resources and support available to their customers,” the

Mortgage brokers are facing a vastly different landscape than this time last year. In 2020, the refinance boom caused lenders and brokers to go on hiring sprees, and loan originators were putting in substantial hours. Now, as refinance volume slows

What’s the difference between a home inspection and an appraisal? Have you budgeted for closing costs? The home-buying journey can seem daunting when questions like these are around each turn. Before you get overwhelmed, take comfort that critical milestones of

Lenders’ profit margin outlook declined in the second quarter of 2021, the third consecutive quarter of pessimism on the profit front, according to Fannie Mae‘s quarterly Mortgage Lender Sentiment Survey. According to the second-quarter survey, 69% of lenders believe profit

A broad swath of the housing industry is calling for the Biden administration to let the Centers for Disease Control (CDC) eviction ban lapse at the end of this month. In a letter, 12 industry groups including the National Association

The mortgage landscape continues to become increasingly more competitive each day. Thanks to the convenience of online rate-shopping tools, a boost in consumer knowledge of the homebuying process, and a growing number of independent mortgage banks, it is now more

Most of the highest producing real estate agents in the country belong to an established, national brokerage. Unless, that is, you are at the very top of the profession. RealTrends, which is owned by HW Media, on Friday released its

No surprise, big growth is the theme of 2020, with RealTrends + Tom Ferry The Thousand and America’s Best Real Estate Professionals showing huge boosts in transactions sides and volume, yet productivity has not increased year to year (2019-2020). Today,

There are a number of challenges affecting the non-QM market, but there are also opportunities. By partnering with a mortgage company that understands how to streamline non-Qm loans, brokers can close loans quickly and effectively. HousingWire recently sat down with John