News

As the Fed pulls out all the stops to stimulate economic activity, mortgage rates have reached record lows. In light of rampant uncertainty and economic hardship, homeowners are leaping at the opportunity to save thousands in annual payments, and the

Urban District Realty, a Washington, D.C.-based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that

A year ago, Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mark Calabria released the Trump administration’s so-called blueprint to re-privatize mortgage giants Fannie Mae and Freddie Mac with the biggest stock offering in history. Calabria has stuck

The recent new home sales data is at levels last seen in 2006, with monthly supply back down to the low levels seen the last time new home sales data was really strong. For the first time in more than

With the official passage of the California Consumer Protection law on Friday, California’s Department of Business Oversight will be renamed the California Department of Financial Protection and Innovation and given expanded powers. The state legislature says the move will increase

Cannae Holdings and Senator Investment Group sent a letter to CoreLogic shareholders on Friday urging them to vote for nine new board members to support their unsolicited buyout bid. “One need look no further than the 40+% rise in the

A year ago, long before anyone talked about a coronavirus, Rocket Companies‘ stock performance, or the curious acronym S-P-A-C, Mat Ishbia had set his plan in motion. Ishbia’s company, United Wholesale Mortgage, had by that point climbed the ranks to

Fidelity National Financial, a provider of title insurance and settlement services to the real estate and mortgage industries, is working to prevent wire fraud in today’s growing digital environment. Mortgage demand remains at a record high, and much of the country’s

Fintech company Sagent announced it hired veteran technology leader Uday Devalla as its new chief technology officer. Devalla brings a wealth of industry experience to his new position, leading engineering, digital transformation, information security, and regtech strategy in housing for

OJO Labs has launched the OJO Select Network, an agent referral program that matches top performing agents with ready homebuyers or sellers based on an understanding of the agent’s skill set and the consumer’s needs. Select Network gives agents access

Federal Reserve Governor Lael Brainard, who started her public career in the 1990s as an economic advisor to President Bill Clinton, is the leading candidate for Treasury secretary if former Vice President Joe Biden usurps President Donald Trump in the

Just days after announcing that United Wholesale Mortgage would be going public in the fourth quarter at a $16.1 billion valuation, CEO Mat Ishbia today unveiled a new tech tool that he claims will bring “game-changing flexibility” to brokers. The

Home Point Financial announced on Friday the launch of its charitable community foundation with an initial pledge of $1 million dedicated to funding 50 new minority and female-owned brokerages. In the midst of the Association of Independent Mortgage Experts National

The federal Ability to Repay Rule has always been a study in contradiction. Back in 2014, the Consumer Financial Protection Bureau issued the rule to instill strict underwriting standards for mortgage loans, but also hoped not to hamper the availability

Real estate tech company Porch announced Wednesday that it has brought on five new members to its board of directors ahead of becoming publicly traded. The company added: Javier Saade, founder and managing partner of Impact Master Holdings as well

The Mortgage Collaborative, an independent cooperative network, has supported its members through this year’s uncertain environment with its 2020 virtual educational and networking platform TMConnect. Through TMConnect, TMC offers virtual educational and networking sessions for employees from throughout its member

On Wednesday, real estate tech company Zigzy launched beta testing of Townify, a solution that enables real estate agents to host virtual open houses, which has become a necessity in a time when we are told to remain socially distant,

The 2020 list of HousingWire Vanguard potential candidates was more competitive than ever before. On any other given year, many would have easily won – but this was not any other year. The competition was fierce.  But even more impressive

For the second year in a row, HousingWire’s Tech Trendsetters award will recognize 50 individuals in the technology industry. The award highlights the most impactful and innovative technology leaders serving the housing economy. Nominations opened at the beginning of September, and will close September 25,