housing wire

The Community Home Lenders Association (CHLA) recently used the opportunity to submit a comment letter on proposed GSE capital levels to instead focus mostly on pending unresolved issues that are critically important to small mortgage lenders. CHLA did this not

Team member volunteer event collaborating with muralist Philip Simpson Quicken Loans and the Rock Family of Companies are built on 19 carefully thought out philosophies, or as they call them, ISMs, that compile all of their values into active ways they

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in

While we know people are migrating out of urban areas to seek more room in the suburbs, these two different kinds of housing markets are showing similar trends since COVID-19 shut down much of the country. The exceptions are the

Fannie Mae and Freddie Mac announced they will add a 50 basis points fee to all refinances starting Sept. 1. “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing

During this time when people are hunkering down with their families in cramped homes, an expansive vacation property seems more ideal than ever, especially in mountain towns like Aspen, Colorado and Jackson Hole, Wyoming. After seeing significant drops in April

Average U.S. mortgage rates for a 30-year fixed rose to 2.96% this week from an all-time low of 2.88%, Freddie Mac said in a report on Thursday. The average 15-year rate rose to 2.46% from 2.44% last week, according to

As Maya Angelou so aptly said, “When someone shows you who they are, believe them the first time.” Since the onset of the coronavirus that has plagued this nation we have watched policy makers and their varied responses at both

Following the launch of the Small Business Administration’s Loan Forgiveness Portal on Monday, Wolters Kluwer announced it is now submitting completed borrower loan forgiveness application data directly to the SBA via its TSoftPlus Paycheck Protection Program Forgiveness Module. Wolters Kluwer

Federal Reserve Bank of Boston President Eric Rosengren slammed the U.S. response to the COVID-19 pandemic, saying “inconsistent efforts” among states have caused the chance of a quick economic recovery to “fade.” “As long as the virus poses significant threats

[UPDATE] This article was updated on 8/13 to include a statement from the FHFA. Refinance mortgage loans sold to Fannie Mae and Freddie Mac after Sept. 1 will include a new adverse-market refinance fee of 0.5%, the two government sponsored

United Wholesale Mortgage announced Tuesday it is offering conventional mortgage rates as low as 1.99%, but brokers warn this rate isn’t for every borrower, or even the majority. “You won’t find a no-cost loan in the low 2s or high

Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound impact on an age-old conflict of appraisal reports

Till, a startup that aims to help renters set up customized payment schedules, has raised $8 million in a seed funding round. Route 66 Ventures, MetaProp and NextGen Venture Partners participated in the financing, the first external round of funding

The Mortgage Bankers Association sent a letter on Monday to the Consumer Financial Protection Bureau asking for a six-month extension to the so-called “GSE patch” that allows Fannie Mae and Freddie Mac home loans to borrowers with high debt levels

Note: The original story ran on June 26, 2020. It was updated on August 11, 2020, to reflect Sen. Kamala Harris’ recent appointment as presidential candidate Joe Biden’s running mate. Sen. Kamala Harris (D-CA), chosen by former Vice President Joe

There is a 30-point difference between white and Black homeownership rates in the U.S. today. Shockingly, the gap is wider than it was in 1968, when the federal government first outlawed racially based housing discrimination. Sadly, the pandemic, which is

Offerpad announced on Tuesday the expansion of its Real Estate Solutions Center into Port St. Lucie, Florida, as the first iBuyer in the region. The company resumed making cash offers in different parts of the country on May 8. Through

The amount of rent payments collected in the U.S. has ticked down slightly to 79.3% of apartment households making a full or partial rent payment by August 6, according to the National Multifamily Housing Council’s Rent Payment Tracker. While this

As the holidays ramped up in early December 2019, Woman of Influence Charlotte Catalfo had her eye not on decorating and gift-wrapping, but on a small but worrisome health crisis escalating halfway across the globe.  From the suburban Virginia headquarters

HousingWire President and CEO Clayton Collins recently sat down with Eric Christensen, product management executive at CoreLogic, to discuss recent updates to the company’s DigitalTax Platform. CoreLogic has invested more than $35 million into its DigitalTax Platform over the last

Ellie Mae announced Thursday it entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion. The move comes 15 months after Thoma Bravo, a private equity investment firm, announced it would acquire Ellie Mae in an

We sat down with Nancy Alley, vice president of strategic planning at Simplifile and one of HousingWire’s 2020 Women of Influence, to talk about the rapid changes in the closing process as a result of the pandemic. Will this end

The Oakland County Health Division in Michigan sent an emergency order to Mat Ishbia, CEO of United Wholesale Mortgage and United Shore Financial Services, saying employees weren’t wearing masks at work, contributing to the spread of the coronavirus. The emergency