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How many borrowers are taking out jumbo reverse mortgages? No one really knows
News 3 weeks ago
How many borrowers are taking out jumbo reverse mortgages? No one really knows
Source HousingWire

For the last several months, data on reverse mortgage volume has illustrated a steady descent as the industry has struggled to regain its footing...

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U.S. Homeowner Vacancy Rate: It’s back to the 90s
News 3 weeks ago
U.S. Homeowner Vacancy Rate: It’s back to the 90s
Source HousingWire

Remember when O. J. Simpson fled police in his white Ford Bronco? Or, when figure skater Nancy Kerrigan was clubbed in the knee in the "whack heard...

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Where do renters want to live?
News 4 weeks ago
Where do renters want to live?
Source HousingWire

Earlier this year, a report from CBRE showed that there were more apartments built last year than in almost any other year since the 1980s. The...

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Fannie Mae: Most Americans can't afford to live in thriving neighborhoods
News 4 weeks ago
Fannie Mae: Most Americans can't afford to live in thriving neighborhoods
Source HousingWire

Housing affordability has been a tremendous concern for Americans across the country, especially as affordability conditions now sit at a 10-year...

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HUD sued over new down payment assistance rules for FHA mortgages
News 4 weeks ago
HUD sued over new down payment assistance rules for FHA mortgages
Source HousingWire

Last week, the Department of Housing and Urban Development announced it was issuing new rules for down payment assistance on mortgages backed by...

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GE's subprime lender WMC Mortgage files for Chapter 11 bankruptcy
News 4 weeks ago
GE's subprime lender WMC Mortgage files for Chapter 11 bankruptcy
Source HousingWire

General Electric is moving closer to putting its failed attempt to capitalize on the subprime lending boom into its rearview mirror. Earlier this...

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LendingTree: First-time homebuyers struggle to navigate home lending
News 4 weeks ago
LendingTree: First-time homebuyers struggle to navigate home lending
Source HousingWire

Choosing the right mortgage lender can be difficult, especially for those navigating the housing market for the very first time. In order to gauge...

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MBA: Geopolitical headwinds dampen mortgage application growth
News 4 weeks ago
MBA: Geopolitical headwinds dampen mortgage application growth
Source HousingWire

As geopolitical turmoil mounts, mortgage applications retreated further for the week ending April 24, 2019, according to the newest data from the...

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Most homeowners think a reverse mortgage is a last-resort option. Here's why they're wrong
News 4 weeks ago
Most homeowners think a reverse mortgage is a last-resort option. Here's why they're wrong
Source HousingWire

Reverse mortgages are traditionally thought of as a last-resort option for seniors who want to stay in their homes but have little resources and...

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Falling mortgage rates propel 4.5% growth in new home sales
News 4 weeks ago
Falling mortgage rates propel 4.5% growth in new home sales
Source HousingWire

As mortgage rates continued to slide throughout March, new data from the Census Bureau and the Department of Housing and Urban Development shows...

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Black Knight: Interest rate drop led to flood of mortgage prepayments in March
News 4 weeks ago
Black Knight: Interest rate drop led to flood of mortgage prepayments in March
Source HousingWire

Mortgage interest rates dropped throughout the month of March, culminating in interest rates closing out the month with the largest single-week...

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Existing home sales slide 4.9% in March, retreating after February’s surge
News 1 month ago
Existing home sales slide 4.9% in March, retreating after February’s surge
Source HousingWire

Existing home sales slide 4.9% in March after jumping the most in almost four years in February, according to the National Association of Realtors....

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Lone Wolf Technologies boosts real estate tech offerings by acquiring zipLogix
News 1 month ago
Lone Wolf Technologies boosts real estate tech offerings by acquiring zipLogix
Source HousingWire

Just over 18 months ago, Lone Wolf Technologies, a provider of residential real estate software, expanded its offerings when it acquired Instanet...

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Urban Institute: It hasn’t been this easy to get a government-backed mortgage for 10 years
News 1 month ago
Urban Institute: It hasn’t been this easy to get a government-backed mortgage for 10 years
Source HousingWire

The government has made mortgage credit more readily available in the last few months than it has been at any point over the last 10 years, a new...

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Expert: Workforce housing segment could soften in 2019
News 1 month ago
Expert: Workforce housing segment could soften in 2019
Source HousingWire

Lenders saw a negative profit margin twice in 2018, even hitting an all-time low in the fourth quarter, and the hurdles are far from over going...

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Housing starts fall to slowest pace since 2017 led by flood-ravaged Midwest
News 1 month ago
Housing starts fall to slowest pace since 2017 led by flood-ravaged Midwest
Source HousingWire

Housing starts in March fell to the slowest pace in almost two years, according to a report from the Department of Housing and Urban Development...

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Home sales will be stymied in 2019 by high prices and “underbuilding”
News 1 month ago
Home sales will be stymied in 2019 by high prices and “underbuilding”
Source HousingWire

A shortage of entry-level homes will stymie the housing market this year, nullifying much of the impact of lower mortgage rates, according to a...

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HUD announces new rules for down payment assistance on FHA mortgages
News 1 month ago
HUD announces new rules for down payment assistance on FHA mortgages
Source HousingWire

The Department of Housing and Urban Development announced this week that it is issuing new rules for down payment assistance on mortgages insured...

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It's one of the richest towns in America. Now some say you can't give away a house there.
News 1 month ago
It's one of the richest towns in America. Now some say you can't give away a house there.
Source HousingWire

It's one of the richest towns in America, a regular stomping ground for Wall Street elite. But now, few people are shopping for homes in this tony...

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Freddie Mac: Mortgage rates continue to rise, but remain below 2018 levels
News 1 month ago
Freddie Mac: Mortgage rates continue to rise, but remain below 2018 levels
Source HousingWire

Mortgage rates rose for the third consecutive week without regaining the level they were at before a late March plunge, but rates are still well...

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CRE, multifamily lenders close record $574 billion in loans during 2018
News 1 month ago
CRE, multifamily lenders close record $574 billion in loans during 2018
Source HousingWire

The multifamily and commercial real estate lending business is booming. Lenders in the commercial and multifamily space closed a record $573.9...

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NAR slapped with second class-action lawsuit to end buyer broker compensation
News 1 month ago
NAR slapped with second class-action lawsuit to end buyer broker compensation
Source HousingWire

A second class-action lawsuit has been filed in protest of the buyer broker compensation rules set forth by the National Association of Realtors....

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Freddie Mac invests $50 million in affordable housing in rural, underserved areas
News 1 month ago
Freddie Mac invests $50 million in affordable housing in rural, underserved areas
Source HousingWire

Freddie Mac announced Wednesday it closed a Low-Income Housing Tax Credit fund with CAHEC and initiated several investments within the fund,...

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Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage
News 1 month ago
Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage
Source HousingWire

A little over a year ago, Airbnb partnered with some of the nation's largest mortgage players, including Fannie Mae and Quicken Loans, to allow...

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Real estate startup Reali acquires online lender Lenda, expands into mortgages
News 1 month ago
Real estate startup Reali acquires online lender Lenda, expands into mortgages
Source HousingWire

Reali, a flat-fee real estate startup that operates in California, is following the path laid out by other tech-focused real estate companies like...

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Republican tax bill likely curtailed 2018 home sales, Fed economists say
News 1 month ago
Republican tax bill likely curtailed 2018 home sales, Fed economists say
Source HousingWire

Republican tax reform that capped mortgage and property deductions has curtailed the housing market, according to a report from economists at the...

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Computer vision research led to Softworks AI's mortgage automation software
News 1 month ago
Computer vision research led to Softworks AI's mortgage automation software
Source HousingWire

Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the...

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Reverse mortgage data details disruption from government shutdown
News 1 month ago
Reverse mortgage data details disruption from government shutdown
Source HousingWire

In February, the last of the backlog of HECM loans was endorsed by the Department of Housing and Urban Development, causing volume to skyrocket 142...

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Colony Bank buying PFB Mortgage
News 1 month ago
Colony Bank buying PFB Mortgage
Source HousingWire

Colony Bank, which operates 27 branches throughout Georgia, is set to grow its mortgage business, as the bank announced this week that it plans to...

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WTF is a reverse mortgage?
News 1 month ago
WTF is a reverse mortgage?
Source HousingWire

Reverse mortgages may be the most misunderstood - and the most maligned - financial product out there. But for those who are certain they are...

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