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Ditech selling forward, reverse mortgage businesses
News 1 month ago
Ditech selling forward, reverse mortgage businesses
Source HousingWire

Ending months of speculation about how the company will survive amidst multiple bankruptcies, Ditech Holding is selling its forward and reverse...

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HSBC launches digital mortgage platform with help from Roostify
News 1 month ago
HSBC launches digital mortgage platform with help from Roostify
Source HousingWire

One of the world's largest banks is about to join the digital mortgage revolution, as HSBC Bank USA, the U. S. arm of HSBC Group, announced that it...

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WSJ: More buyers are using down payment assistance programs
News 1 month ago
WSJ: More buyers are using down payment assistance programs
Source HousingWire

The bogeyman of the financial crisis is back. The use of down payment assistance programs, known as DAPs in the lending industry, doubled between...

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Cook & James expands with new attorney hire, Georgia office
News 1 month ago
Cook & James expands with new attorney hire, Georgia office
Source HousingWire

Atlanta-based real estate law firm Cook & James is expanding, announcing the opening of a new office in Woodstock, Georgia, and welcoming a new...

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USA Today blasts reverse mortgages, industry fights back
News 1 month ago
USA Today blasts reverse mortgages, industry fights back
Source HousingWire

Last week, USA Today released a scathing investigative story that took aim at reverse mortgages, blasting lenders for targeting impoverished,...

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HomeStreet Bank sells off more of its mortgage business to Homebridge
News 1 month ago
HomeStreet Bank sells off more of its mortgage business to Homebridge
Source HousingWire

HomeStreet Bank's move away from mortgages is nearing its completion, as the bank announced Monday that it has completed the second part of the...

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Movement Mortgage, Better.com CEOs: The
News 1 month ago
Movement Mortgage, Better.com CEOs: The "one-click" mortgage is not the endgame for the housing business
Source HousingWire

Quicken Loans is now finally able to move past its beef with the DOJ over the nonbank's FHA lending practices, as a mediator for the two parties...

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New York lawmakers stun the real estate industry with rent control redux
News 1 month ago
New York lawmakers stun the real estate industry with rent control redux
Source HousingWire

New York State Senate and Assembly leaders have passed expansive changes to rent control laws that stunned the real estate industry. The state's...

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Waterstone Mortgage names new general counsel
News 1 month ago
Waterstone Mortgage names new general counsel
Source HousingWire

Waterstone Mortgage has promoted Stephanie Ziebell to senior vice president, general counsel. As such, Ziebell participate in the development and...

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Mortgage rates stabilize at two-year low after the U.S. avoids a trade war with Mexico
News 1 month ago
Mortgage rates stabilize at two-year low after the U.S. avoids a trade war with Mexico
Source HousingWire

This week, mortgage rates held at a two-year low after the U. S. government avoided a trade war with its neighbors to the south, according to the...

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HUD declares FHA is no longer backing DACA mortgages
News 1 month ago
HUD declares FHA is no longer backing DACA mortgages
Source HousingWire

After months and months of uncertainty about whether the Federal Housing Administration is backing mortgages for Deferred Action for Childhood...

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A data-driven approach to neighborhood stabilization
News 1 month ago
A data-driven approach to neighborhood stabilization
Source HousingWire

After months and months of uncertainty about whether the FHA is backing mortgages for Deferred Action for Childhood Arrivals recipients or not, HUD...

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MBA: Declining mortgage rates push refinances to a 3-year high
News 1 month ago
MBA: Declining mortgage rates push refinances to a 3-year high
Source HousingWire

Despite growing economic tension, mortgage applications continued to climb, according to the Mortgage Bankers Association. On an unadjusted basis,...

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MERS, NYSE owner Intercontinental Exchange increases mortgage presence by buying Simplifile
News 1 month ago
MERS, NYSE owner Intercontinental Exchange increases mortgage presence by buying Simplifile
Source HousingWire

Intercontinental Exchange, the parent company of the New York Stock Exchange, moved into mortgages in a big way last year when the company bought...

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[Pulse] Washington needs to rescue community lenders it created
News 1 month ago
[Pulse] Washington needs to rescue community lenders it created
Source HousingWire

Twenty-five years after U. S. lawmakers came to the sobering realization that too many U.S. communities were being denied access to credit, the...

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NAR invests in blockchain startup Propy
News 1 month ago
NAR invests in blockchain startup Propy
Source HousingWire

The National Association of Realtors is backing Propy, a Silicon Valley startup that's real estate software aims to automate real estate...

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HousingWire News Podcast: Mortgage marketing in a low interest rate environment
News 1 month ago
HousingWire News Podcast: Mortgage marketing in a low interest rate environment
Source HousingWire

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

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[Pulse] Were prime borrowers actually the ones responsible for the housing crisis?
News 1 month ago
[Pulse] Were prime borrowers actually the ones responsible for the housing crisis?
Source HousingWire

In terms of its longevity and profundity, the Great Recession of the last decade was second to none since the times of the Great Depression of the...

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HUD: Reverse mortgages continue drain on FHA insurance fund
News 1 month ago
HUD: Reverse mortgages continue drain on FHA insurance fund
Source HousingWire

Reverse mortgage volume has been rather abysmal as of late, and second quarter data from the Department of Housing and Development doesn't provide...

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Tumbling mortgage rates have made 6.8 million people
News 1 month ago
Tumbling mortgage rates have made 6.8 million people "refi eligible"
Source HousingWire

When the average U. S. rate for a 30-year fixed mortgage dropped to a 21-month low this week, it pulled almost 1 million more mortgage holders into...

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Freddie Mac: Mortgage rates nearly hit a 2-year low
News 1 month ago
Freddie Mac: Mortgage rates nearly hit a 2-year low
Source HousingWire

Mortgage rates continued to slide this week, signaling to homeowners that now might be a good time to refinance, according to the latest Freddie...

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Homebridge expands mortgage business by acquiring retail loan centers from HomeStreet Bank
News 1 month ago
Homebridge expands mortgage business by acquiring retail loan centers from HomeStreet Bank
Source HousingWire

Two companies that share similar names are heading in different directions in the mortgage business - HomeStreet Bank is moving away from mortgage...

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U.S. home values reach a record high of $26.1 trillion in Q1, Fed says
News 1 month ago
U.S. home values reach a record high of $26.1 trillion in Q1, Fed says
Source HousingWire

The value of all U. S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to a Federal Reserve report...

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The mortgage broker comeback
News 1 month ago
The mortgage broker comeback
Source HousingWire

Have you noticed? Independent mortgage brokers are back in a big way. In the first quarter of 2019, independent mortgage brokers have secured 14.1...

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Mortgage Tech Rundown: Blue Sage, California Regional MLS and Localize.city
News 1 month ago
Mortgage Tech Rundown: Blue Sage, California Regional MLS and Localize.city
Source HousingWire

Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. Mortgage...

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Most consumers overestimate what it takes to get a mortgage
News 1 month ago
Most consumers overestimate what it takes to get a mortgage
Source HousingWire

When it comes to obtaining a mortgage, the majority of consumers think it requires a higher credit score and larger down payment than is actually...

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Multifamily lenders unprepared for end of LIBOR
News 1 month ago
Multifamily lenders unprepared for end of LIBOR
Source HousingWire

Many multifamily lenders are preparing for the end of LIBOR, but are waiting on regulators to make decisions before they take action. In a recent...

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Inventory growth is now outpacing sales in buyer-friendly housing markets
News 1 month ago
Inventory growth is now outpacing sales in buyer-friendly housing markets
Source HousingWire

Spring home-buying season is officially here, and an abundance of inventory has entered the housing market. As more and more homeowners list their...

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Home prices will increase 4.7% in the next year, says new CoreLogic estimate
News 1 month ago
Home prices will increase 4.7% in the next year, says new CoreLogic estimate
Source HousingWire

Home prices will increase by 4.7% from April 2019 to April 2020, according to a new CoreLogic estimate. That will be a faster pace than the 3.6%...

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Colorado mortgage startup will buy a house for its borrowers, then lend them the money to buy it back
News 1 month ago
Colorado mortgage startup will buy a house for its borrowers, then lend them the money to buy it back
Source HousingWire

Mortgage startup BoardRE announced its launch in Colorado Tuesday, pledging to level the playing field for homebuyers by upgrading their offers to...

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