housing wire

It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis, the average homeowner spends over $15,000 in “hidden costs” to

Whether moving to be near family or relocating for a job, moving is common. Take the pandemic, for instance. The housing market saw a huge spike in the number of moves as people relocated from big cities to avoid COVID-19. According

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital

Fannie Mae now has a clear successor to take the reins of its single-family business following the departure of Andrew Bon Salle in December. The government sponsored entity has named Malloy Evans, the company’s current chief credit officer for single

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The study, ICE’s Origination Insight Report, also found April to be the second

Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex-Wells Fargo mortgage executive Michael DeVito to assume the role of CEO. DeVito, who spent more than two decades at Wells Fargo before retiring last year,

Phoenix, Las Vegas, Sacramento, Austin and Atlanta were the most popular destinations for Redfin.com users looking to move to a different area last month, with many of the potential homebuyers coming from Los Angeles, San Francisco, and New York. The analysis, which

If you have any mortgage servicing rights you’re looking to offload, you may want to give Ocwen Financial a call. A few weeks after striking a deal to buy $14 billion of mortgage servicing rights from Texas Capital Bank, a subsidiary of

After two straight weeks of increases, mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association‘s weekly mortgage applications survey. “Demand is robust throughout the country, but homebuyers continue to be held back

Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ― roughly 5.9% lower than the revised March rate, according to a joint analysis from

Today the Census Bureau reported 863,000 new home sales in April 2021. This was a miss from estimates and revisions for the previous months were all negative. From Census: “Sales of new single‐family houses in April 2021 were at a

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms.

Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT, an affiliate of Investors Title and National Investors Title Insurance Company, which provides search solutions in Florida, Georgia, South Carolina,

During the early stages of the pandemic, people flocked to Zillow as a way to pass the time in isolation. Makes sense, right? The housing market surged when COVID-19 began, so it’s reasonable to think Zillow-users were looking for their

As the mortgage market swings back to purchase, lenders are looking at ways to welcome new customers, clients and colleagues as they expand their reach. That’s why we’ve invited Movement Mortgage‘s vice president of marketing Jake Fehling to speak about marketing to

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. I have been saying we should expect

A recent report from ATTOM Data Solutions found that median home prices increased in 75% of the country’s “Opportunity Zones” — economically distressed communities that may qualify for tax deferment — year over year in the first quarter of 2021.

April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% from March to 5.85 million, the National Association of Realtors reported on

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales

Federal Reserve Chairman Jerome Powell recently announced his support to extend the Community Reinvestment Act (CRA) to nonbanks.  The Community Home Lenders Association can’t speak for other nonbank sectors — but applying CRA to independent mortgage bankers seems like a

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth.

April’s 7.08% decline in mortgage delinquencies wasn’t even half of the drop March posted, but it did manage to push the national delinquency rate to below 5% for the first time since the beginning of the pandemic, Black Knight revealed

The founder of Oklahoma City-based lender and servicer First Mortgage Company, who was also the president of the Mortgage Bankers Association in the late 1990s, pleaded guilty to five counts of bank fraud, money laundering and false statements to a

Keeping up with the rapidly evolving algorithms and best practices of social channels is no easy feat for marketers. That’s why we’ve invited Chelsea Peitz, national director of social sales for Fidelity National Financial, to explain how she is leveraging