housing wire

To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing. Through Touchless Lending, the company aims to deliver

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of

Wholesale lending is great for helping serve underserved borrowers. For example, borrowers who are prime and creditworthy but who may not qualify for traditional mortgages, such as the self-employed or those with non-traditional income sources, may benefit from non-QM programs.

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage, spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. At Wyndham, Kirby led the expansion

The Independent Community Bankers of America (ICBA) and 42 affiliated state banking associations are calling on the Consumer Financial Protection Bureau (CFPB) to approve language that allows community banks to test out different consumer construction and construction-to-permanent loan disclosures, which

New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc.  A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? Many people predicted that the U.S. housing market would crash during the pandemic. One of the main reasons

Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. But while rates have dropped, the housing market has continued to be challenged by low inventory levels.  Freddie Mac’s Primary Mortgage Market Survey showed

HousingWire Annual kicks off on October 10, 2023. It will be here before you know it! As the conference quickly approaches, so does the deadline to lock in the exclusive room rate for Hyatt Lost Pines in Austin, Texas. Take

The Federal Housing Finance Agency (FHFA)’s Office of the Inspector General (OIG) has determined that the FHFA has followed guidance related to conservatorship of the government-sponsored enterprises (GSEs). However, staff turnover and pervasive record keeping issues have caused a loss

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Securitization channels for those home-equity products,

The old saying that “the devil’s in the details” can be applied to many different circumstances. And it’s undeniable that the title and settlement services industry is, at its very core, about close attention to the little things. After all,

Hope through Housing is a non-profit organization whose mission is to end generational poverty through affordable housing, educational programs and advocacy. In 2022, they were the recipients of an MLK grant which will be used to fund their youth development

The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the

The U.S. Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American

The Federal Reserve‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy

The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced it has awarded $54 million to 182 fair housing organizations across 42 states under its Fair Housing Initiatives Program (FHIP). The goal is to provide support to organizations

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HousingWire:

The current bank crisis hit California-based Pacific Western Bank, a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans.  Following the collapses of Silvergate Bank, Silicon Valley Bank and Signature Bank over the

The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin. The report is based on data collected by Redfin from county record across 40 of the most populous

Homebot, a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance, a mobile app for first-time homebuyers. “Quo will massively accelerate Homebot’s mission to connect people to make informed homeownership decisions,”

Existing home sales had a huge beat of estimates on Tuesday. This wasn’t shocking for people who follow how I track housing data. To understand why we had such a beat in sales, you only need to go back to

Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates, following the turbulence in the financial markets caused by regional bank failures.  But the same bank crisis is bringing volatility to the mortgage-backed securities

Title industry revenue dropped 19% year over year in 2022, according to data released Thursday by Fitch Ratings. This 19% decline is on a GAAP basis for the Fitch Ratings title universe which includes Fidelity National Financial, First American, Old