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Bank of America claims Ditech's sale of RMS
News 2 days ago
Bank of America claims Ditech's sale of RMS "threatens to abandon" elderly reverse mortgage borrowers
Source HousingWire

Ditech Holdings announced in June that it had entered into an agreement to sell its reverse mortgage business, but now one of its big-named clients...

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Liberty Home Equity unveils proprietary reverse mortgage
News 2 days ago
Liberty Home Equity unveils proprietary reverse mortgage
Source HousingWire

Five months ago, word circulated that Liberty Home Equity was on the brink of releasing a proprietary reverse mortgage product, looking to take...

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Oregon close to becoming first U.S. state to ban single-family-only zoning
News 2 days ago
Oregon close to becoming first U.S. state to ban single-family-only zoning
Source HousingWire

Earlier this month, Oregon's legislature passed House Bill 2001, a measure that will require cities of more than 10,000 people to permit duplexes...

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Stagnant wages, vacant homes are undercutting housing markets, U.S. mayors say
News 2 days ago
Stagnant wages, vacant homes are undercutting housing markets, U.S. mayors say
Source HousingWire

The two biggest villains undercutting housing markets in American cities are stagnant wages and vacant properties, according to a report this week...

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Freddie Mac: An uptick in consumer spending spurs growth in this week’s mortgage rates
News 3 days ago
Freddie Mac: An uptick in consumer spending spurs growth in this week’s mortgage rates
Source HousingWire

This week, the 30-year, fixed-rate mortgage averaged 3.81%, moderately rising from last week's 3.75%, according to the Freddie Mac Primary Mortgage...

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Expert: Tech firms are slow to develop appraisal technology
News 3 days ago
Expert: Tech firms are slow to develop appraisal technology
Source HousingWire

Technology providers are slow to enter and develop new tech for the home valuations space, leaving appraisers lacking when it comes to new...

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State Farm, Quicken Loans announce massive mortgage partnership
News 3 days ago
State Farm, Quicken Loans announce massive mortgage partnership
Source HousingWire

For years, State Farm agents could offer mortgages to their customers through State Farm Bank, the company's banking arm that offers home loans,...

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Foreign buyers flee the U.S. housing market, led by Chinese and British
News 3 days ago
Foreign buyers flee the U.S. housing market, led by Chinese and British
Source HousingWire

China's currency controls, as well as international tensions between the U. S. and a slew of countries traditionally thought of as our allies, are...

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Here's why FHA's recent move to cut insurance premiums won't boost its market share
News 3 days ago
Here's why FHA's recent move to cut insurance premiums won't boost its market share
Source HousingWire

Earlier this month, the U. S. House of Representatives passed a bill that slashed the cost of upfront mortgage insurance for first-time homebuyers...

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Here's why a cut in FHA's insurance premiums won't boost its market share
News 3 days ago
Here's why a cut in FHA's insurance premiums won't boost its market share
Source HousingWire

Earlier this month, the U. S. House of Representatives passed a bill that slashed the cost of upfront mortgage insurance for first-time homebuyers...

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Trying to help buyers with student loan debt get their dream home?
News 4 days ago
Trying to help buyers with student loan debt get their dream home?
Source HousingWire

Young adults coming of age in America since the financial crisis have had to battle increasingly higher college tuition and fees at the same time...

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Housing starts slid further in June as rising construction costs weakened the market
News 4 days ago
Housing starts slid further in June as rising construction costs weakened the market
Source HousingWire

Rising construction costs and a growing shortage of skilled labor contributed to housing starts falling further in June, according to the latest...

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TurboTenant raises $6.5 million to support multifamily housing
News 4 days ago
TurboTenant raises $6.5 million to support multifamily housing
Source HousingWire

In funding led by Real Estate Technology Ventures, TurboTenant has raised $6.5 million in an effort to expand its marketing and development teams,...

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MoxiWorks hires two new directors of business development
News 5 days ago
MoxiWorks hires two new directors of business development
Source HousingWire

Real estate technology company MoxiWorks has taken on two new recruits with extensive backgrounds in the mortgage and housing industry. The company...

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Fannie Mae lowers mortgage rate forecast and says home-price growth will accelerate
News 5 days ago
Fannie Mae lowers mortgage rate forecast and says home-price growth will accelerate
Source HousingWire

Fannie Mae issued a new forecast that predicts the average U. S. rate for a 30-year fixed mortgage will be 3.7% in the second half of 2019, down...

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Did the mortgage business have a good second quarter? Big bank originations may tell the tale
News 5 days ago
Did the mortgage business have a good second quarter? Big bank originations may tell the tale
Source HousingWire

Thanks in large part to interest rates that have fallen throughout much of the year, it appears that the mortgage business had quite a solid second...

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Nomura to pay $25 million for mortgage bond traders' lies to customers
News 5 days ago
Nomura to pay $25 million for mortgage bond traders' lies to customers
Source HousingWire

Nomura Securities International will pay a fine of $25 million after the Securities and Exchange Commission accused several of the company's former...

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Kanye West investing in Star Wars-themed low-income housing
News 6 days ago
Kanye West investing in Star Wars-themed low-income housing
Source HousingWire

Now that he's got the sneaker market thoroughly cornered, Kanye West is apparently moving on to his next project: affordable housing. A recent...

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Rental prices hit a median of $1,465 in June
News 6 days ago
Rental prices hit a median of $1,465 in June
Source HousingWire

As rent prices continued to climb in June, RentCafé indicates that the nation's mid-year average rent spiked $37 from the previous year. According...

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Freddie Mac: Mortgage rates stabilize as U.S. markets respond to improving economic conditions
News 1 week ago
Freddie Mac: Mortgage rates stabilize as U.S. markets respond to improving economic conditions
Source HousingWire

This week, the 30-year, fixed-rate mortgage averaged 3.75%, holding steady from the previous week, according to the Freddie Mac Primary Mortgage...

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MBA: Mortgage applications continue to fall as borrowers become less sensitive to lower rates
News 1 week ago
MBA: Mortgage applications continue to fall as borrowers become less sensitive to lower rates
Source HousingWire

Mortgage applications declined 2.4% from last week, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey...

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New bill slashes FHA mortgage insurance for first-time homebuyers
News 1 week ago
New bill slashes FHA mortgage insurance for first-time homebuyers
Source HousingWire

The House of Representatives passed a bill Tuesday that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages...

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Housing News Podcast: Princeton Mortgage’s Rich Weidel on why taking the right risks is key to surviving in the mortgage industry
News 1 week ago
Housing News Podcast: Princeton Mortgage’s Rich Weidel on why taking the right risks is key to surviving in the mortgage industry
Source HousingWire

The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Click below to listen. Each week, HousingWire...

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Housing supply and buyer demand mismatch is pushing buyers out of the market
News 1 week ago
Housing supply and buyer demand mismatch is pushing buyers out of the market
Source HousingWire

In June, the average American home listing price hit a high of $316,000, according to Realtor.com's Housing Trend Report. According to the company,...

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Fannie Mae: Home buying sentiment falls as more Americans say now is not a good time buy
News 1 week ago
Fannie Mae: Home buying sentiment falls as more Americans say now is not a good time buy
Source HousingWire

In June, housing confidence fell slightly as more Americans reported now is not a good time to buy, according to Fannie Mae's latest Home Purchase...

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VA loan churning is driving up mortgage costs for all government borrowers
News 1 week ago
VA loan churning is driving up mortgage costs for all government borrowers
Source HousingWire

The churning of loans backed by the Department of Veterans Affairs has long been a thorn in Ginnie Mae's side, as the agency has worked for three...

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Harvard: Americans have more equity, less mortgage debt
News 1 week ago
Harvard: Americans have more equity, less mortgage debt
Source HousingWire

Americans now have nearly as much home equity as they did when levels peaked before the housing crisis, according to a recent study on the state of...

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These are the states where homeowners have the most mortgage debt
News 1 week ago
These are the states where homeowners have the most mortgage debt
Source HousingWire

It's no surprise that the wealthiest states are home to some of the largest houses, but a recent study by USA Today revealed that homeowners there...

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Expert: AVMs will soon represent 70% of valuations
News 1 week ago
Expert: AVMs will soon represent 70% of valuations
Source HousingWire

Automated valuation models often come under special scrutiny as mortgage experts seek to increase technology in the industry while warding off the...

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Here's how to solve the mortgage customer retention crisis
News 1 week ago
Here's how to solve the mortgage customer retention crisis
Source HousingWire

Here's a terrifying problem in the mortgage business: Retaining customers is at an 18-year low for loan servicers, and only 18% of customers in...

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