Recession is coming, according to the Mortgage Bankers Association. The MBA forecasts a recession in the first half of 2023, with the unemployment rate at 5.5% and inflation at the 2% target by the end of next year. The economic
Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing
As the risk of wire and title fraud increases, the discussion around the problem in the industry grows louder. Earlier this year at MBA Tech 2022, the Mortgage Bankers Association held a panel that included title industry executives, lender risk
Invitation Homes seeking $1B JV as home prices fall: report
Single-family rental behemoth Invitation Homes is seeking a joint venture partner to take advantage of the latest drop in home prices, according to a report by Bloomberg. The company is working with commercial brokerage Eastdil Secured to find a partner
MBA’s Broeksmit takes aim at CFPB
America is in a “full damage control mode” while the Federal Reserve attempts to control inflation, inflicting pain on the mortgage industry – and that’s when “bad policies have a habit of rearing their ugly head,” according to Mortgage Bankers
Matt Rocco, new MBA chair, emphasizes affordable rental housing focus
On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. Rocco, the CEO of Grandbridge Real Estate, a commercial real estate investment bank subsidiary
Anywhere Real Estate appoints its first ever chief product officer
Real estate brokerage and services company Anywhere Real Estate announced last week that it is appointing Tony Kueh as its first chief product officer. In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments.
How to get to homebuyers first in today’s ultra-competitive market
With rising rates and low housing inventory, lenders are competing for every borrower they can get. In light of that, HW Media Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Ty Tucker, CoreLogic executive, Loan Solutions Group, at
D.C. real estate firms fined $10M for discrimination
Three Washington, D.C.-based real estate firms — DARO Management Services, DARO Realty and Infinity Real Estate — and company executive Carissa Barry, have been handed a hefty $10 million civil penalty as part of a settlement for illegally discriminating against low-income
Real estate unicorn Roofstock cuts its workforce by 20%
Within the span of a week, San Francisco-based digital real estate unicorn Roofstock completed its first property sale through non-fungible token (NFT) and laid off about 20% of its workforce. A Roofstock spokesperson told SFGATE that owing to the “economic
Will Home Prices Drop in 2023: Housing Market Predictions 2023
Housing Market Predictions 2023 Will house prices go down in 2023? Depending on who you ask, the forecast for 2023 is mixed. Most experts in the housing industry predict less buyer demand, lower prices, and higher borrowing rates. Rate increases,
Southern California Housing Market Forecast 2022 & 2023
Home prices & sales are moderating across the Southern California housing market. In Southern California, the median home price is not rising by double-digits anymore. That trend is over. After a two-year housing boom, the housing market in Southern California
5 Passive Real Estate Investing Tips to Help You Make Money
What is Passive Real Estate Investing? Passive real estate investing is a way to invest in real estate to augment income considerably well without having to necessarily stress out one’s self. You are not actively involved in generating profits or
NYC Housing Market: Prices, Trends & Forecast 2022-2023
Here are the latest trends in the NYC real estate market as well as the statewide market. A prolonged scarcity of properties on the market across the Empire State, along with high prices and growing mortgage rates, continues to impede
Will The Housing Market Crash: Real Estate Crash Coming?
When Will the Housing Market Crash? As more signs show that the housing market is already slowing down in 2022, many people are wondering: Will the housing market crash or collapse in the near future? More and more housing analysts
Housing Market Trends 2022: Prices Are Beginning to Drop
Housing Market Trends 2022 The housing market is predicted to slow down further in the last quarter of 2022. For sellers, this could be terrible news, but for buyers, it’s great. Yet, there is still the problem of sky-high mortgage
Economic Forecast 2022-2023: Forecast for Next 5 Years
Economists are increasingly confident that the economy will grind to a standstill and begin declining shortly. The Financial Times and the Initiative on Global Markets, a University of Chicago economic policy and market research center, surveyed 49 U.S. macroeconomics specialists
Cottage Style Homes: When Cozy, Quaint, and Charming Collide
Picture a cozy home with arched doorways, a chimney, a charming front porch, and a stone or brick façade. Whether this house has beachfront views or is nestled in the countryside, you’ve just envisioned a quaint cottage-style home. One of
Shovel Snow Like a Pro: A Guide to Keeping Your Driveway and Walkway Clear This Winter
Whether you’re buying your first home in Buffalo, NY, or prepping for your first winter in an apartment in Denver, CO, snow season is on its way. When it comes to shoveling snow, there are a few professional tips to
Interest Rate Predictions 2023: Will Rates Increase in 2023?
Interest Rates Are Predicted to Increase in 2023 As long as core inflation remains significantly above the Federal Reserve’s target, the Fed Funds rate is predicted to continue to rise in 2023. The Fed’s primary instrument for controlling inflation is
10 Must-Read Tips for Staging a House On a Budget
When it comes to selling your house, one of the most important things you can do is upgrade the look of your home. Like a job interview, a strong first impression can make all the difference, so you want to
How to Handle a Ceiling Leak in Your Apartment
A drip coming from your ceiling will catch anyone’s attention right away. You may be going about your day when that unmistakable sound of water droplets hitting your floor rings out. You look up to notice your kitchen vent or
Go All-In with These 9 Fun Outdoor Activities in Las Vegas
Las Vegas is known as the Entertainment Capital of the World, so it’s no surprise that there are plenty of fun activities in the city. But aside from the numerous casinos and shows, there are plenty of ways to enjoy
Finance of America Mortgage announces shutdown
Amid one of the most challenging mortgage markets since the great financial crisis, Finance of America Mortgage LLC (FAM) will shut down by the end of the year following its decision to exit the wholesale channel and the collapse of
Prepayment activity reaches 22-year low on spiking interest rates
Drop in refis, soaring interest rates and rise in homeowner costs to utilize equity drove prepayment to the lowest level since November 2000. Prepayment activity dropped 14.9% to a single-month mortality (SMM) rate of 0.57% in September – below the