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
The silver lining in the existing home sales report
On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy
How are higher mortgage rates affecting servicing?
As mortgage rates continue to rise, originations are not the only side of the industry affected. So how is the servicing sector reacting? “The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because
Local markets: Phoenix, Huntsville and Boston
Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Phoenix, Arizona Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand
Opinion: American Housing Act charts bipartisan path for housing affordability
Earlier this year, congressional Democrats considered making major investments to promote housing affordability as part of their Build Back Better bill. But the way this legislation was considered — through the inherently partisan “reconciliation” process — ensured it would garner
Trade groups cheer new deadline for Ginnie nonbank capital rule
Ginnie Mae on Friday announced that it has extended the mandatory implementation date of its controversial risk-based capital requirement (RBC) for nonbanks to Dec. 31, 2024. The rule — which reduced the minimum risk-based capital ratio from 10% to 6%, but
Despite a drop in mortgage shoppers, opportunities are out there: report
In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Based on