With the COVID-19 pandemic forcing people to work remotely, downsize, or employ alternative money-saving techniques, the flexibility of a tiny home has never been more attractive to consumers. A survey of 2,000 consumers by finance company IPX 1031, released in
Real Estate Tech Demo Day: OJO Labs
OJO Select Network The OJO Select Network, OJO Labs’ newly-launched exclusive referral network for top-producing agents, helps grow your business by providing introductions to homebuyers and sellers who are ready to speak with an agent. All referrals are screened to
Housing industry welcomes Fudge as next HUD secretary
This week, President-elect Joe Biden chose Rep. Marcia Fudge, D-Ohio, to be the next secretary of the U.S. Department of Housing and Urban Development. Now, the housing industry is welcoming HUD’s next potential leader. “On behalf of MBA, I congratulate
Airbnb more than doubles in market debut
Airbnb shares more than doubled in its public debut on Thursday, per the Wall Street Journal, after opening trading at $146 on the Nasdaq Stock Market – higher than its initial-public-offering price of $68 a share. The opening trade valued
JetClosing expands to Austin housing market
Digital title company JetClosing is opening its fifth office in Austin. With the announced move to Austin, JetClosing now has offices in Denver, Las Vegas, Phoenix, Seattle and is active in Arizona, Colorado, Florida, Nevada, Pennsylvania, Texas and Washington. The
Yun: fewer people will work from home after pandemic
Since the pandemic caused many employers to shift employees to working from home – some indefinitely – homeowners have left cramped spaces in large cities and retreated to more urban and rural areas with bigger homes at a lower cost.
Behavioral shopping data signals purchase intent 100 days prior to credit trigger
As interest rates continue to stay well below 3% with no end in sight, lenders are faced with consumer demand from all corners of the housing market. From refis to first-time-homebuyers in the beginning stages of their search, consumer interest
Credit risk transfers are key to GSEs’ exit strategy
We all know the story. Amidst a widespread and imprudent weakening of credit standards and a complete failure by the credit rating agencies to properly assess risk, the housing finance market imploded in 2008. Probably the biggest wipeout was in
Wolters Kluwer GRC acquires eOriginal
Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement to acquire eOriginal for approximately €231 million ($280 million) in cash, officials said. eOriginal is a leading provider of cloud-based digital lending software. “Borrower preferences, competition among lenders, and
First-time homebuyers fueling hot Des Moines housing market
The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. In October, home sales in Des Moines soared 34%
How to gain more listing visibility in a shifting housing market
The pandemic has caused a shifting renter trend that is greatly impacting the real estate market. With COVID-19 forcing many to work remotely, renters now have more flexibility with where they choose to settle down. And while population density plays
The secondary market comes to the rescue…again
The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. Think of it as the underdog quickly becoming the hero of the story. It was always there working hard in the background,
Why 28% of mortgage applicants never close the loan
Lonnie Glessner isn’t normally one to turn down business. But with origination volume expected to exceed $3.4 trillion this year, stretching the capacity limits of lenders and everyone else in the housing ecosystem, some mortgage applicants simply haven’t been worth
CFPB issues consent order against Washington Federal for HMDA reporting violations
The Consumer Financial Protection Bureau issued a consent order against Washington Federal Bank in October for Regulation C and Home Mortgage Disclosure Act violations. The bank will pay a $200,000 fine for reporting inaccurate HMDA data in 2016 and 2017
2021 housing market forecast: What will fuel home sales?
Even as the pandemic nears its end, its impact on the way we work and live will in many ways be permanent, and Americans will migrate to homes that fit their new lifestyles. We already saw much of this movement
Real Estate Tech Demo Day: Zigzy
Townify Townify provides Real Estate Agents the perfect tools to manage and market their prospects and listings, all in one centralized solution. It offers open house sign-ins that automatically convert into a prospect, easily shareable listings for social media, virtual open house capability, personalized marketing materials and so much more! #1 User Focused – We’ve
Real Estate Tech Demo Day: Keller Williams
Command Command is a smart CRM-plus suite of apps hosted on the Keller Cloud. Command was developed in partnership with real estate agents within KW Labs, the innovation hub of Keller Williams, the world’s largest real estate technology franchise by
Real estate tech roundup: House X, CoHome and BoomTown
Residential real estate online marketplace House X has announced the launch of its smart home marketplace and pilot program called The New American Dream Showcase of New Homes. The program is available in California, Florida, Georgia and Texas with additional
How one lender is putting the focus back on people and relationships
HousingWire recently chatted with Homepoint Chief Experience Officer Ginger Wilcox about the company’s rebrand and hiring surge in the middle of a global pandemic. Wilcox explains how Homepoint is redefining the home buying and homeownership experience moving forward. HousingWire: Ginger,
HW Media acquires REAL Trends to combine two of real estate’s most powerful media outlets
HW Media, publisher of HousingWire, FinLedger, and producer of Engage Events, today announced it has closed on the strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms.
Mortgage applications drop for second straight week
The Mortgage Bankers Association reported that applications decreased 1.2% during the week ending Dec. 4 in its latest weekly survey — the second straight week of application decreases. The refinance index and the unadjusted purchase index did increase, however, jumping
Knock launches new sale-leaseback solution, Knock Nest
Real estate technology company Knock has announced the launch of Knock Nest, a standalone sale-leaseback solution that allows homeowners to access the cash they’ve built up in their home while continuing to live in it. Via Knock Nest, homeowners can
After 2020’s IPOs, 2021 might be the year of MSR
With record origination volume stretching capacity and a fresh infusion of capital from the public markets en route, a slew of big nonbank lenders are shifting strategies and declining to sell their mortgage servicing rights, which they’d previously relied on
Non-QM lending is poised for growth in 2021
HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HousingWire: What sets you apart from other non-QM lenders and
