News

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. The Detroit-based company, the largest wholesale lender in the U.S., originated $54.2 billion in closed loans during the third quarter,

In June 2007, Apple shook the world to its cellular core when it released the first-generation iPhone. Over the course of the last decade-plus, the seminal smartphone would wipe out its competitors — but not without some resistance. Many of

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in

In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020.  In its earnings presentation on Tuesday, the nation’s largest bank by assets said it had actually pared back its $15 billion in loan-loss reserves by $569 million

On Monday Offerpad announced its partnership with global and domestic relocation solutions and mobility program management organization Aires, providing “multiple real estate solutions to consumers relocating for business.” “The Aires and Offerpad partnership has a committed focus to provide innovative

As the election creeps ever closer, there are plenty of forecasts about how it could impact housing. HousingWire has reported on both the fate of the GSEs and the nation’s economic outlook as a red vs blue battle stirs in

The COVID-19 pandemic helped accelerate the mortgage industry’s digital transformation by years, and proptech firms such as Snapdocs have capitalized on the opportunity. The company just raised $60 million in a Series C funding as the digital mortgage space bursts

Some sectors of the housing industry have begun adjusting to the new normal brought on by COVID-19; however, servicers continue to face a number of lingering challenges related to the CARES Act and increasing forbearance numbers. Under the CARES Act,

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East.  From my perspective, that ball in Times Square can’t

Redfin’s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVID-19. As of Friday October 9th, Sacramento, California homeowners can sell their homes and get a cash offer via RedfinNow. “Despite the pandemic,

Changes to capital markets have been fast and furious over the last year in housing. By some accounts, the growth timeline has been compressed five years. It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists

Alongside the discussions around how the pandemic is changing consumer behavior, how to solve the current inventory shortage and how the economic forecast for 2021 is shaping up, was a conversation much bigger than mortgage and these boom times. It

Home Point Financial named Kristin Supancich to the new role of chief people officer where she will be charged with growing and scaling the company.  Supancich brings more than 25 years of experience in the workforce and talent industry to

HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. Perhaps the least sexy technology to talk about are the

After a slight uptick the previous week, mortgages in active forbearance plummeted 18%, marking the first time since mid-April the total number of plans fell below 3 million, Black Knight said in a report on Friday. As of Oct. 6,