housing wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid

Demand for housing was strong in early 2020, before the COVID-19 crisis hit. Mandated shut-down measures and the fear of what COVID would do to our economy temporarily immobilized the housing market, evinced by nine weeks of declines in the weekly

U.S pending home sales fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace,

This article originally appeared in FinLedger, HousingWire’s sister-publication focused on Fintech. Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due

Venture-backed residential brokerage Compass has hired bookrunners ahead of an independent public offering in 2021, according to a new report. Compass, most recently valued at $6.4 billion, is working with Goldman Sachs and Morgan Stanley to underwrite the IPO, according

The pandemic has shifted the pecking order of the real estate industry’s location-location-location axiom for many homebuyers — high-cost and high-density urban is out, while suburban is back in vogue and rural is experiencing a bit of a revival. Many

Sometimes keeping things simple makes the message more clear. I have been consistent in my stance that during the years 2008 to 2019, we had the weakest housing recovery ever. I said that housing starts would never start a year

As early as 2005, a prescient Janet Yellen foretold that systemic risk in the housing market could send the U.S. economy plunging into a historic recession. Fifteen years later, as Treasury Secretary, Yellen looks likely to get the chance to

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% below September’s 1,002,000 revised rate but still a massive 41.5% higher than the same time last year, according to the Census Bureau and the Department of Housing and

The average U.S. mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history. The

The battle for CoreLogic’s board continued on Tuesday after Senator Investment Group and Cannae Holdings, who attempted an unsolicited takeover bid of the company this summer, initiated a written consent process to remove and replace additional directors. CoreLogic shareholders voted

After two weeks of decreasing numbers, mortgage applications increased 3.9% last week, according to a report from the Mortgage Bankers Association. Refinance applications climbed even higher. The refinance index jumped up 5% from the previous week and is now up 79%

Over the weekend, CoStar Group announced that it has agreed to acquire real estate tech company Homesnap. The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions

As we prepare to enter 2021, our country has lost more than 250,000 people and over 22 million jobs during the 2020 pandemic. Millions of others have suffered from COVID-19 complications, both health and economic related. At the same time,

The U.S. forbearance rate measuring the share of mortgages with suspended payments increased for the first time in nearly five months from 5.47% to 5.48%, according to the Mortgage Bankers Association. The U.S forbearance rate has either fallen or remained flat since forbearances

President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to be the next Treasury Secretary, according to a new report. The Wall Street Journal on Monday afternoon reported that Biden tapped Yellen, an economist who was the

As mortgage rates stay below 3% for the 17th consecutive week, a Black Knight report released Friday found that the number of “high quality” refinance candidates continues to climb. According to the report, a whopping 19.4 million homeowners are now

Department of Housing and Urban Development Secretary Ben Carson said he’s “out of the woods” after experiencing severe symptoms related to a positive COVID-19 diagnosis earlier this month, according to a MarketWatch report. Carson, 69, credited a botanical treatment derived

Taken from the October/November issue of HousingWire Magazine, Sundae aims to aggregate demand from “fix and flippers,” who use the marketplace to bid against each other for distressed properties. Earlier this year, the company raised $16.55 million in Series A funding. QED Investors led the

On Thursday, Treasury Secretary Steven Mnuchin rolled grenades down Wall Street and Main Street: he said he would not extend several emergency lending programs beyond Dec. 31, and also asked the Federal Reserve to return a portion of $195 billion

Recent tech innovations have targeted point of sale or specific underwriting tasks to improve operational efficiencies, leaving the manual review of appraisals as an underexplored area ripe for digitization and automation. Collateral underwriting turn times in particular have been slowing

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. The latest tech, coined QVM-Insights, leverages Quantariums AI power

Ellie Mae’s Origination Insight report for October demonstrates some of the side effects of the historically low mortgage rates we’ve seen in 2020: incredibly high volume and an increase in time-to-close. Across the board, 30-year mortgage rates decreased on average

The National Association of Realtors has rolled out a new, free interactive training platform designed to help combat discrimination in the real estate industry called Fairhaven. Fairhaven is a fair housing simulation exercise that will be offered directly to NAR