housing wire

Cannae Holdings and Senator Investment Group announced they are dropping their takeover bid after CoreLogic confirmed last week it is exploring multiple offers to sell at or above $80 per share. However, the increased offers did not deter the investors

The COVID-19 pandemic redefined “home” for many Americans and underscored the bedrock necessity of affordable housing for seniors, families and essential workers. As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to

Mattamy Homes, one of North America’s largest homebuilders, has reached an agreement to acquire the homebuilding operations of Dallas-based New Synergy Homes. The acquisition is expected to close on Monday. No financial terms have been disclosed. With this transaction, Mattamy

New rate lock data suggests 2020 will end with over $4 trillion in mortgage origination volume, easily a record. The data, from Black Knight’s “Mortgage Monitor” report, shows that rate lock activity in the first half of October was up

With Halloween in the rearview mirror, we still have one more spook to survive in 2020 – and no, I’m not talking about the upcoming election.  I’m talking about housing market crash headlines. The housing data has been wild this

Fannie Mae and Freddie Mac released their Q3 earnings last week, reflecting a combined $6.7 billion in net income, up significantly from the previous quarter. This strong performance was not unexpected, but makes the upcoming 50 basis point adverse market

In this week’s round-up of hiring announcements, PropertySync, a cloud-based SaaS title plant platform, announced its first CEO, naming David Floyd to the position. Floyd, who will assume the position in November 2020, brings more than 20 years of experience

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Redfin redlines communities of color in this digital age by

Many families were caught financially unprepared with the sudden onset of the pandemic.  What seemed foreign and far away became domestic and close to home. The World Health Organization declared a global pandemic on March 11, and President Donald Trump

The Federal Housing Finance Agency (FHFA) released its strategic plan for fiscal years 2021 – 2024 on Tuesday, which aimed to establish new goals for its sanctioned duties, including a responsible ending to the conservatorship of Fannie Mae and Freddie

Realogy Holdings Corp. released its third-quarter earnings report on Thursday, revealing revenue of $1.9 billion, an increase of 20% year over year, or $307 million. In Q2 the company reported a revenue of $1.2 billion for the three months ended

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services? Brian

Freddie Mac net income rose to $2.5 billion in the third quarter of 2020, up from $1.5 billion in the second quarter. Freddie Mac’s bigger sister GSE Fannie Mae earned $4.2 billion in the third quarter. “The company delivered strong

Zillow Offers, the iBuying arm of Zillow Group, has cut approximately 80 jobs in a realignment, the company confirmed to HousingWire. The affected employees were informed earlier this month. The cuts included mostly field positions and a few back-end control

Today the National Association of Realtors reported pending home sales are up 20.5% year over year — and that is the only headline that you should care about. This is one more data point showing that housing data has gone

On the day that the Dow Jones Industrial Average dropped 943 points, Caliber Home Loans made the decision to delay its initial public offering (IPO). And AmeriHome has reportedly done the same. “Caliber will continue to evaluate the timing for

The average U.S. mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. After

Fannie Mae reported a net income of $4.2 billion in the third quarter of 2020, up from its net income of $2.5 billion in the second quarter of this year. In the second quarter, Fannie Mae’s earnings fell 26% as

Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19.

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties

Millennials have not had the best luck when it comes to the economy. As the generation that graduated with record amounts of student loan debt and a poor job market, it’s no surprise that they have also been hit the

Tomo Networks, a Connecticut-based digital mortgage startup, just picked up $40 million in a seed round as it mobilizes to build a compelling product in an increasingly crowded market.  Founded by ex-Zillow executives Carey Armstrong and Greg Schwartz, Tomo says

After two weeks of slight declines, mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. The refinance index led the rebound after it gained 3% from the previous

Gen Zers are finally starting to break into the housing market. According to TransUnion, Gen Z mortgage originations jumped 84% at the end of last year, and if recent survey data from Freddie Mac rings true, those numbers should grow