Given massive year-over-year gains in home prices, the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. That loan limit figure is determined
How 2020 raised the stakes for the mortgage industry
Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. If you wanted to do business with millennials, the emerging core of
Why are sellers sitting on the housing market sidelines?
For-sale inventory is at record lows. According to the latest Census data, there’s just a 3.6-month supply of homes nationally — the third-lowest figure on record. Construction is starting to pick up, so that should help alleviate things in the
The housing market outlook for 2021
There is no place like home. The nature of the crisis this year has emphasized that fact. Even though we love our family members, we all need our space. We expect housing demand and the housing market to remain quite strong
Holiday week sees drop in mortgage applications
The Mortgage Bankers Association reported that applications dropped 0.6% during the week ending Nov. 27 in its latest weekly survey. The refinance index decreased as well, down 5% from the previous week but up 102% over last year’s totals from
COVID-19 remains “wildcard” in 2021 housing market
As 2020 comes to an end, realtor.com’s economists believe that the housing inventory shortage won’t be as dire in 2021. However, it all depends on the course the COVID-19 pandemic takes. Additional lockdowns and quarantines due to COVID-19 could put
Share of mortgage loans in forbearance ticks up for second week
The U.S. forbearance rate measuring the share of mortgages with suspended payments increased for the second consecutive week in nearly five months from 5.48% to 5.54%, according to the Mortgage Bankers Association. The MBA now estimates the number of homeowners in some form
Online notarizations usher in era of trusted transactions
A simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, is getting modernized. Another ancient practice — resistance to change — is raising some misplaced worries about the
2020 HW Tech Trendsetter: Brian Donnellan
Brian Donnellan, President and CEO, Bright MLS Brian Donnellan is the leader of Bright MLS, a novel concept in the multiple listing service space as it represents a truly regional multiple listing service with an expansive footprint. As president and
Flagstar Bank to back trio of mortgage-tech startups
Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal, Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. This marks the second round of startups to participate in the program
Suburbs see greatest gain in single-family construction in Q3
The National Association of Home Builders‘ Home Building Geography Index found that during the third quarter, the exodus from big cities to the suburbs and less expensive areas increased as people continue to work remotely. According to the HBGI, suburbs
What’s next for Rocket Pro TPO?
HousingWire recently spoke with Austin Niemiec, executive vice president of Rocket Pro TPO, about how the company plans to build off its recent rebrand and how its “We’ll figure it out” approach helped it continue to support broker partners throughout
2020 HW Tech Trendsetter: Sean Faries
Sean Faries, CEO, Land Gorilla Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending. Sean’s commitment to listening to all project stakeholders
HousingWire’s Tech100 nominations open for 2021
Is your company revolutionizing the housing industry through new and innovative technologies? Then the Tech100 awards are for you. HousingWire Tech100 Awards recognize the most innovative and impactful companies in the mortgage and real estate markets. For the second year
2020 HW Tech Trendsetter: Brent Chandler
Brent Chandler, Founder and CEO, FormFree As Brent Chandler leads six-time HousingWire Tech100 honoree FormFree, he continues to drive industry innovation by leveraging blockchain infrastructure to give consumers and lenders better access to real-time ability to pay information. Chandler started
2020 HW Tech Trendsetter: Katherine Campbell
Katherine Campbell, Chief Digital Officer, Assurance Financial Katherine Campbell spent 20 years in the financial services industry in San Francisco, helping to evolve numerous companies and products into a digital revolution. For the last two years, Campbell has worked to
2020 HW Tech Trendsetter: Paul Akinmade
Paul Akinmade, Chief Strategy Officer, CMG Financial Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative. Within four years, Akinmade and his team have built a robust,
2020 HW Tech Trendsetter: Jeff Allen
Jeff Allen, Executive Vice President, Innovation Labs, Clear Capital Jeff Allen brings more than 15 years of real estate valuation, data and analytics experience to the Clear Capital executive leadership team. Now leading Clear Capital’s mortgage collateral modernization programs, Allen
2020 HW Tech Trendsetter: Lindsay Bhandari
Lindsay Bhandari, Vice President, Capital Markets and Treasury Technology ManagementFannie Mae Lindsay Bhandari is a strategic problem solver with a proven history of delivering high-value, complex technology solutions that align business and technology goals. Bhandari knows how to connect people
2020 HW Tech Trendsetter: Samir Agarwal
Samir Agarwal, Vice President and Segment Leader, GRC Community Banking, Wolters Kluwer Samir Agarwal has more than 20 years of experience at an executive level. He is a strategic financial services leader who delivers exceptional results. At Wolters Kluwer, Agarwal
2020 HW Tech Trendsetter: Mary Ann Azevedo
Mary Ann Azevedo, Managing Editor, FinLedger Since being named Managing Editor of FinLedger in August 2020, Mary Ann Azevedo has jumped right in to directing a powerful news and content strategy in addition to building a team of fintech journalists
2020 HW Tech Trendsetter: Paul Anastos
Paul Anastos, CEO, Chief Innovation Officer Gateless, Guaranteed Rate Paul Anastos has been on the forefront of innovation within the housing industry for over a decade, specializing in developing technology solutions and transforming businesses into industry powerhouses. Anastos has worked
2020 HW Tech Trendsetter: Mark Birschbach
Mark Birschbach, Senior Vice President, Strategic Business, Innovation and TechnologyNational Association of Realtors Mark Birschback and his team seek to drive innovation in the residential and commercial real estate markets and benefits to the National Association of Realtors’ members through
2020 HW Tech Trendsetter: Lori Brewer
Lori Brewer, Founder and CEO, LBA Ware LBA Ware founder and CEO Lori Brewer is an accomplished entrepreneur and technology leader, having dedicated her career to developing innovative business process optimization tools for mortgage lenders. She conceptualized and built CompenSafe,
