housing wire

Taken from HousingWire Magazine’s May issue, the startup profile on Brace looks at a company that is about to start creating disruptions in the housing space. With its sights set on the servicing industry, Brace recently closed a Series A

As the majority of the housing industry transitioned to working from home due to COVID-19 health concerns, many appraisers remained on the front lines.  The Appraisal Institute and several other organizations rallied to deem appraisers essential workers so they would

Despite the efforts of the government over the last few months, there are still a great number of people confused about their financial relief options in the wake of the pandemic. Things have likely gotten at least a little better

As COVID-19 starts to loosen its grip on some of the nation’s coastal cities and begins a relentless march across the parts of the nation it hasn’t walloped yet, the rest of America is set to find out what happens

Spring has historically been dubbed “home-buying season,” but as the last few months have been shut down due to the COVID-19 pandemic, is summer the next best thing? The beginning of 2020 saw the strongest time for mortgage purchase applications,

In this year’s ultra-competitive and sometimes chaotic mortgage market, product and rates are just one part of winning business and expanding your customer base. It’s a motivated sales team, with defined goals, that ultimately grows market share. That’s the crux

Phil Felice Real estate company Orchard has hired Phil Felice as its chief revenue officer and Elijah Meerson as its chief technology officer. Felice has nearly 20 years of experience in the industry, most recently as the U.S. CEO for

Federal Reserve Chairman Jerome Powell gave a bleak assessment of the U.S. economy as he testified remotely to the Senate Banking Committee on Tuesday. The only bright spot he mentioned was the mortgage market. Powell reiterated the central bank’s plan

As COVID-19 cases continued to climb in April, the housing market felt the strain of the pandemic. Prior to the outbreak, Buildfax, a property condition data service provider, reported demand for new homes was so high that a major housing

A lot of interesting ideas are being floated about how the coronavirus crisis will affect our future habits and social patterns.  Some that I have come across lately that relate to the housing market and real estate include the idea

Until about three months ago, it was basically unthinkable that interest rates would ever fall below their record low of 3.31%, which was set in November 2012. But then the coronavirus happened. And as the virus was wreaking havoc on

HousingWire spoke to Matt Casey, CEO and president of CRS Data, about the ways real estate professionals can best leverage technology like the MLS Tax Suite to personalize the virtual sales experience. HousingWire: How does the mix of tax and

Amid the coronavirus pandemic and shifts in lending standards, marketing a mortgage company this year requires nimbleness and working across internal teams. That’s why we invited David Arnett, vice president of marketing and communications for Cherry Creek Mortgage, to speak

In April, the supply of homes for sale was down 24% year over year, while new listings fell 42%, a new report from Redfin said. Compared to a year ago, the biggest declines in active housing supply in April were

At a time when unemployment levels are rising to heights not seen since the Great Depression, the mortgage industry is among the relatively few sectors outside of the frontline workforce that is actively seeking out new employees. “We’re hiring and

In the midst of the sharpest economic drop since the Great Depression, prompted by the COVID-19 pandemic, Fannie Mae and Freddie Mac said they are looking for financial advisors to underwrite what is likely to be the largest public share

The lending world is undoubtedly one of the most complex and ever-changing environments within the financial hub. As loan originators, we are required to not only stay abreast of market changes but to also understand them enough to convey this

The most recent data shows that there are approximately 4.1 million borrowers in forbearance on their mortgage, but a lack of clarity in the wording of the CARES Act was leaving many of those borrowers unable to take advantage of

Housing starts plummeted to a five-year low in April as builders paused activity amid the COVID-19 pandemic. Starts on both multifamily and single-family units dropped 30%, the biggest monthly decline in six decades of records, to a seasonally adjusted annual

Rental application fraud has risen 9% month over month since COVID-19 hit, according to a report from real estate tech company Snappt. Snappt surveyed 100 residential property managers who manage more than 1,000 units and found that 66% had been

If you’re in the mortgage business, fasten your seatbelts. Refinance volume is set to spike to a 17-year high this year as mortgage rates fall to the lowest levels ever recorded, Fannie Mae said. Even as other parts of the

It’s been nearly two months since the number of borrowers who need forbearance on their mortgage began spiking due to coronavirus shutdowns, but it looks like the forbearance curve may be flattening. New data from the Mortgage Bankers Association shows

Wire fraud is a source of significant harm to financial institutions, with an estimated $1.77 billion stolen in 2019, according to the FBI. For mortgage companies, the vulnerabilities surrounding the closing table constitute an especially big risk. Excited and anxious

Monster Loans, a California mortgage company that uses the tagline “So easy…it’s scary,” was allegedly the front for a complex scheme that illegally pedaled student debt relief services to millions of people whose information was unlawfully obtained from Experian, the