Rochester, New York On Saturday, high temperatures in Rochester, New York, will plummet to a frigid eight degrees Fahrenheit and the city has already seen over 18 inches of snow since the start of the year. That’s standard for Rochester,
Non-QM lenders hunt for LOs as consumer-direct model falters
While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage, Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. According
Here are 7 trends to watch in the 2022 appraisal market
The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt
What are the drivers of housing demand in 2022?
This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide
Most Competitive Seattle Neighborhoods to Buy a House
Known for its thriving coffee culture, natural beauty, and booming tech hub, Seattle, WA is attracting people from all over the country looking for a taste of the Pacific Northwest lifestyle. Throw in ample career opportunities and an eco-conscious culture,
Freedom Mortgage dominates the MSR market
Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. The latest deal is being marketed by New York-based Mortgage Industry Advisory
Condo and Apartment Security: 9 Tips to Keep in Mind
Living in a condominium or apartment complex can give residents a great sense of security, and typically for good reason – many community complexes feature a secure access control that carefully manages authorized entry. Typically, you don’t see this level
Understanding Realogy’s stance on commissions
When Missouri federal judge Stephen Bough unsealed a sworn declaration last week from Coldwell Banker CEO Ryan Gorman in a sprawling antitrust lawsuit about real estate commissions, it prompted disquiet among real estate agents, including those who work at Gorman’s
What is MLS? Multiple Listing Service Explained
While first-time homebuyers and even seasoned homeowners might have heard of MLS, they may not be familiar with the role it plays throughout the home buying and selling process. Understanding how the MLS factors into the process can help you
San Antonio Housing Market: Prices | Trends | Forecasts 2022
Let’s take a look at the latest San Antonio real estate market trends. The pandemic has failed to slow down the San Antonio housing market. San Antonio area’s housing market is hot as demand outpaces supply that prices keep hitting
Declutter – It’s a Process!
Cleaning our homes from clutter is not on the top of our list of fun things to do.
Black mortgage applicants are denied 84% more often than whites
The gap of mortgage denial rates between Black and white applicants has widened over the past two years, limiting access to homeownership and opportunities to build wealth Go to Source Author:
Fannie plans $15B in CRT deals in 2022
Fannie Mae opened 2022 with its 45th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first
Appraisers slam FHFA appraisal blog post
Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I was sickened when I read it,” said St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I was extremely upset
RE/MAX Holdings CEO Adam Contos stepping down
RE/MAX Holdings CEO Adam Contos is stepping down effective March 31, 2022. While the company plans to form a CEO search committee, Board Member Stephen Joyce will be appointed Interim CEO. Contos and Joyce will serve as co-CEOs beginning March
Stewart Title makes second acquisition in under a week
Less than a week after acquiring Nashville-based Homeland Title, Stewart Title is at it again. On Tuesday, the smallest of the “Big Four” title insurers announced that it had acquired a majority interest in Houston-based Great American Title Company (GATCO).
Erie Title Agency merges with Barristers of Ohio
The Hanna Family of Companies, the parent company of Howard Hanna Real Estate Services, announced the merger of Erie Title Agency, Inc and Barristers of Ohio to form Erie Title Barristers Group on Wednesday. The Cleveland-based Erie Title has been
Mortgage delinquency rate reaches prepandemic levels
Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8%
FinLedger doubles down on proptech, partners with Tech Nest podcast
Since its launch in August 2020, FinLedger has kept its pulse on the explosive and expansive sector of financial technology for thousands of readers. And now we’re ready for the next stage of FinLedger’s growth. As part of HW Media’s
Nominations for HousingWire’s Finance Leaders award are now open!
For the second year, HousingWire is honoring senior executives in housing who are enabling, supporting and navigating growth and innovation within their organizations. Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic
PennyMac launches new tech platform in broker channel rebrand
PennyMac Financial Services announced today that it’s launching a new technology platform for its broker channel, and it has rebranded its broker division from PennyMac Broker Direct to Pennymac TPO. The California-based wholesale lender claimed the new tech offering, called
How to avoid home closing delays in 2022
HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance Agency, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers
Denver Real Estate Market: Prices | Trends | Forecasts 2022
Will Denver’s housing market remain scorching hot in 2022? As the Denver Metro Housing Market continues to evolve, this blog will keep you up-to-date. Denver metro area remains a seller’s market with December 2021 yet another record-breaking month. Interest rates
Raleigh Housing Market: Prices | Trends | Forecasts 2022
If you are looking to invest in Raleigh real estate, you must read till the end. Raleigh, North Carolina is a southeastern city often overshadowed by the larger Charlotte market. Raleigh is the capital of North Carolina. It is the