News

Home prices are responding to buyer demand in many parts of the country, but that doesn’t mean homebuyers can’t still find a bargain, especially for more expensive homes. According to the latest COVID-19 report from Weiss Analytics, thousands of home

The U.S. Court of Appeals for the Ninth Circuit in San Francisco issued a ruling last week making it harder for lenders to contact borrowers in arrears. It also made life a bit easier for people who have new cell

Almost 4.3 million mortgages were in forbearance during May’s final week, representing 8.53% of outstanding home loans, the Mortgage Bankers Association said on Monday. The numbers increased from 4.2 million mortgages in the prior week, which accounted for an 8.46%

On Tuesday, iBuyer Zillow Offers resumed buying homes in six more markets, bringing the total number of re-opened markets to 15. The company paused its iBuying in 24 markets on March 23 due to the COVID-19 pandemic. Beginning Tuesday, iBuying

The Silver Tsunami home price crash thesis was introduced in 2008 when the first baby boomers started turning 62 years old. Now, more than a decade later, those first baby boomers are turning 74, and this thesis is reemerging as

For many parents, working remote has included wrangling kids who converted to distance learning in the midst of the COVID-19 pandemic. Now, as students transition to summer, parents are relieved of the duty to oversee schoolwork, but since many traditional

Homeowners isolated because of the coronavirus pandemic are seeking more space away from the city, and renters are feeling the same way. And despite stimulus checks, the paycheck protection program and other government resources, nearly 61% of households in the

The HousingWire Insiders program is now accepting nominations, and we want to see your operational superstars! The HW Insiders Award program recognizes your organization’s operational all-stars — those insiders that are your company’s best-kept secret, yet vital to success. They

The Mortgage Bankers Association has announced its appointment of Michael Briggs as senior vice president and general counsel. Prior to his appointment at the MBA, Briggs was the assistant general counsel for the consumer law section at the Federal Deposit

The HW+ community is supposed to be a place of support and collaboration, so I am going to start with some honesty here. This article started out with this…  And I am really hoping I am not alone! Surprisingly, the

Purchase applications were up 18% compared to the same time last year and up 6% from a week ago. This gives us two back-to-back weeks of positive year-over-year prints for purchase applications in the final weeks of the typical housing market

Independent California brokerage, Ashby & Graff Real Estate, pressed pause on its five-figure Facebook ad budget in January 2019. Recently, Ashby & Graff got rid of its Facebook business page entirely. The brokerage released a statement on Monday in response

The number of mortgages in forbearance declined this week for the first time since the start of the COVID-19 pandemic, Black Knight said in a report on Friday. The number dropped to 4.73 million from 4.76 million in the prior

Realtor.com has promoted its Senior Vice President of Product, Rachel Morley, to chief product officer. With over two decades of experience in the industry, Morley held multiple positions at REA Group, which operates property websites domestically and throughout Asia, including

Many of you have read about the power of the president to invoke the Defense Production Act to acquire products or direct the activities of suppliers based on a finding that it is necessary for the federal government to intrude

A $706 million jury verdict against Amrock in 2018 was tossed out on Wednesday by a Texas appeals court after it ruled the jury considered invalid legal theories. The Fourth Court of Appeals in San Antonio ordered a new trial

The Consumer Financial Protection Bureau and Conference of State Bank Supervisors have issued a joint statement regarding forbearance as it relates to the CARES Act. The three-page statement defines protections for borrowers with federally backed mortgages. Under the terms of

The Federal Housing Administration introduced a temporary policy designed to offer guidance for lenders on how to obtain FHA insurance endorsements on mortgages where the borrower either obtained or requested a COVID-19 forbearance. Current FHA policy prevents mortgages that are

From the frontlines to front porches, the mortgage industry has quickly found ways to support those impacted by the COVID-19 pandemic.  The devastating consequences of the virus reached many parts of the housing industry, and most notably, the ability to

Another 1.9 million people filed jobless claims last week, the lowest level since the COVID-19 pandemic began closing U.S. businesses in mid-March. Last week’s job losses bring the total number of Americans seeking unemployment benefits in the last three months