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Are mortgage lenders maxed out? MBA survey shows refinances remain at 3-year high
News 2 months ago
Are mortgage lenders maxed out? MBA survey shows refinances remain at 3-year high
Source HousingWire

Do mortgage lenders have their hands full right now thanks to the recent surge in refinances? It looks like that may be the case, as new data from...

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Low mortgage rates spur gain in July's existing home sales
News 2 months ago
Low mortgage rates spur gain in July's existing home sales
Source HousingWire

Existing-home sales rose 2.5% in July from the prior month, according to the National Association of Realtors. Total existing-home sales -...

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America's growing home tenure is threatening potential home sales growth
News 2 months ago
America's growing home tenure is threatening potential home sales growth
Source HousingWire

Potential existing-home sales fell in July as inventory concerns continued to threaten the market's overall growth, according to First American's...

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Mortgage Tech Rundown: AIME, LoanScorecard, and Shape Software
News 2 months ago
Mortgage Tech Rundown: AIME, LoanScorecard, and Shape Software
Source HousingWire

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

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Airbnb takes over 20% of housing in Arizona housing
News 2 months ago
Airbnb takes over 20% of housing in Arizona housing
Source HousingWire

Airbnb vacation rentals took over one city in Arizona, frustrating its citizens and causing business leaders to speak out. Airbnb, a short-term...

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Southwest sees fastest single-family rent increase
News 2 months ago
Southwest sees fastest single-family rent increase
Source HousingWire

Last month, we reported that Phoenix led the nation in multifamily rent growth. Now, according to a recent report from CoreLogic, single-family...

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Airbnb takes over 20% of housing in one Arizona city
News 2 months ago
Airbnb takes over 20% of housing in one Arizona city
Source HousingWire

Airbnb vacation rentals took over one city in Arizona, frustrating its citizens and causing business leaders to speak out. Airbnb, a short-term...

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Airbnb takes over 20% of vacation housing in one Arizona city
News 2 months ago
Airbnb takes over 20% of vacation housing in one Arizona city
Source HousingWire

Airbnb vacation rentals took over one city in Arizona, frustrating its citizens and causing business leaders to speak out. Airbnb, a short-term...

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These are the nation's most affordable housing markets for middle-class families
News 2 months ago
These are the nation's most affordable housing markets for middle-class families
Source HousingWire

The era of unusually affordable housing has ended, meaning America's housing affordability has returned to average historical levels. While this...

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HUD awards $28 million to deal with lead paint in public housing
News 2 months ago
HUD awards $28 million to deal with lead paint in public housing
Source HousingWire

The Department of Housing and Urban Development announced Tuesday that is providing $27.8 million to 38 Public Housing Agencies across the country...

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Here's more proof that Millennials have officially entered the housing market
News 2 months ago
Here's more proof that Millennials have officially entered the housing market
Source HousingWire

Another day, another set of data that shows that Millennials are now officially in the housing market. Earlier this year, data from realtor.com...

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Digital mortgage company Better.com closes $160 million in funding
News 2 months ago
Digital mortgage company Better.com closes $160 million in funding
Source HousingWire

Better.com, one of the fastest-growing digital mortgage companies, said Monday it closed on $160 million of Series C funding, with backers...

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July’s home sales ends a nine-month climb of annual inventory growth
News 2 months ago
July’s home sales ends a nine-month climb of annual inventory growth
Source HousingWire

In July, home sales grew 2.4%, ending a nine month climb of year-over-year inventory growth, according to the RE/MAX National Housing Report. RE...

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HUD officially abandons new rules for down payment assistance on FHA mortgages
News 2 months ago
HUD officially abandons new rules for down payment assistance on FHA mortgages
Source HousingWire

The Department of Housing and Urban Development announced late last week that is officially bailing on a contentious set of changes to its rules...

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Citi enters non-Qualified Mortgage market
News 2 months ago
Citi enters non-Qualified Mortgage market
Source HousingWire

Citigroup Global Markets Realty is entering the non-Qualified Mortgage space by issuing its first non-QM mortgage backed security. The company...

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Average rental prices rise as nation faces multifamily housing shortage
News 2 months ago
Average rental prices rise as nation faces multifamily housing shortage
Source HousingWire

As rent prices continued to climb in July, RentCafé indicates that the nation's average rent rose $48 from the previous year. According to the...

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HUD proposes changes to fair housing rules
News 2 months ago
HUD proposes changes to fair housing rules
Source HousingWire

The Department of Housing and Urban Development on Friday proposed making changes to the nation's fair housing rules, a move that fair housing...

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Fiserv’s new SaaS offering speeds the process between mortgage brokers and wholesalers
News 2 months ago
Fiserv’s new SaaS offering speeds the process between mortgage brokers and wholesalers
Source HousingWire

The Department of Housing and Urban Development on Friday proposed making changes to the nation's fair housing rules, a move that fair housing...

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Fannie Mae lowers existing home forecast, says sales will decline this year
News 2 months ago
Fannie Mae lowers existing home forecast, says sales will decline this year
Source HousingWire

Fannie Mae lowered its housing forecast on Friday, saying existing home sales will decrease this year compared with 2018. It was the first time the...

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Investors to build affordable housing units in Phoenix Opportunity Zones
News 2 months ago
Investors to build affordable housing units in Phoenix Opportunity Zones
Source HousingWire

Three apartment complexes are headed to an Opportunity Zone in downtown Phoenix, addressing the need for affordable housing. These projects are...

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American Mortgage Service Co. and Eustis Mortgage plan to merge
News 2 months ago
American Mortgage Service Co. and Eustis Mortgage plan to merge
Source HousingWire

In the latest in a string of mergers and acquisitions in the mortgage lending space, American Mortgage Service Co. and Eustis Mortgage announced...

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Freddie Mac: Despite economic headwinds, mortgage rates hold steady at 3.6%
News 2 months ago
Freddie Mac: Despite economic headwinds, mortgage rates hold steady at 3.6%
Source HousingWire

This week, the 30-year, fixed-rate mortgage held steady from one week prior, averaging 3.6%. This rate sits significantly lower than its 2018...

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Former MBA President David Stevens joins George Mason Mortgage board as advisor
News 2 months ago
Former MBA President David Stevens joins George Mason Mortgage board as advisor
Source HousingWire

Since stepping down as president and CEO of the Mortgage Bankers Association in September 2018, David Stevens has continued to be involved in the...

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NAR: Cheap mortgage rates are improving home affordability
News 2 months ago
NAR: Cheap mortgage rates are improving home affordability
Source HousingWire

The cheapest financing in almost three years is making it easier for Americans to buy homes. The Housing Affordability Index from the National...

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Forget waiting on Millennials, Gen Z is starting to buy homes
News 2 months ago
Forget waiting on Millennials, Gen Z is starting to buy homes
Source HousingWire

Despite the general narrative surrounding the Millennial generation and home buying (that they would rather rent because they don't want to be tied...

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Freddie Mac: Mortgage rates remain near 3-year low
News 2 months ago
Freddie Mac: Mortgage rates remain near 3-year low
Source HousingWire

This week, the 30-year, fixed-rate mortgage held steady from one week prior, averaging 3.6%. This rate sits significantly lower than its 2018...

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Here are the top 10 major U.S. cities where it's getting more expensive to live by the day
News 2 months ago
Here are the top 10 major U.S. cities where it's getting more expensive to live by the day
Source HousingWire

A recent report from Rent.com shows that living in a big city while on a tight budget may unfortunately be a bad idea. Mortgage rates, rental costs...

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Manhattan apartment rents rise as New Yorkers delay home purchases
News 2 months ago
Manhattan apartment rents rise as New Yorkers delay home purchases
Source HousingWire

The median rent for a Manhattan apartment rose to $3,595 in July, a 5.7% gain from a year earlier, and reached a new high of $3,000 in Brooklyn, up...

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MBA: Refinances skyrocket as mortgage rates plummet
News 2 months ago
MBA: Refinances skyrocket as mortgage rates plummet
Source HousingWire

Mortgage applications rose a whopping 21.7% from last week, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications...

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Self-employed buyers don’t have to miss out on homeownership
News 2 months ago
Self-employed buyers don’t have to miss out on homeownership
Source HousingWire

The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it is bringing back...

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