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Existing home sales plummet in December
News 1 month ago
Existing home sales plummet in December
Source HousingWire

After seeing gains in previous months, existing home sales dropped suddenly in December, seeing double-digit losses from the year before. Both...

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First American: Stock market volatility aids potential homebuyers
News 1 month ago
First American: Stock market volatility aids potential homebuyers
Source HousingWire

In December, potential existing-home sales moderately increased from the previous month and inched forward from 2018 levels, according to First...

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Fannie Mae: Housing market will stabilize in 2019
News 1 month ago
Fannie Mae: Housing market will stabilize in 2019
Source HousingWire

After multiple rate hikes brought volatility into the housing market, 2019 should see things stabilize as the pace of rate increases slows,...

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Flagstar annual income triples, even though mortgage business was
News 1 month ago
Flagstar annual income triples, even though mortgage business was "softer than we expected”
Source HousingWire

Flagstar Bancorp recently posted both its fourth quarter and full year earnings and it’s quite the read. First, the good news: Full year 2018 net...

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Tech-focused real estate company REX, which operates outside MLS, raises $45 million
News 1 month ago
Tech-focused real estate company REX, which operates outside MLS, raises $45 million
Source HousingWire

Last January, REX, a tech-focused real estate brokerage that does not use the MLS, raised $15 million in its Series B funding round to fund a...

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Redwood Trust buying real estate investment loan originator 5 Arches
News 1 month ago
Redwood Trust buying real estate investment loan originator 5 Arches
Source HousingWire

Last year, Redwood Trust, a real estate investment trust that specializes in buying and securitizing jumbo mortgages, grew its real estate investor...

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Former Fannie Mae CEO Tim Mayopoulos named president of Blend
News 1 month ago
Former Fannie Mae CEO Tim Mayopoulos named president of Blend
Source HousingWire

Millions of sensitive mortgage documents were left exposed on the internet for two weeks in a massive data breach that could affect an unknown...

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These 3 U.S. cities make list of world's 10 least affordable housing markets
News 1 month ago
These 3 U.S. cities make list of world's 10 least affordable housing markets
Source HousingWire

Three cities in the U. S. made the list of the world’s least affordable housing markets. No surprise, they are all in California. Among the top 10,...

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Real estate software provider HomeSpotter acquires Spacio
News 1 month ago
Real estate software provider HomeSpotter acquires Spacio
Source HousingWire

When Tim Mayopoulos stepped down as CEO of Fannie Mae, he said that he wanted to stay in housing and hoped to focus on technology in the next step...

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Direct buyer Offerpad planning significant expansion, beginning in Texas
News 1 month ago
Direct buyer Offerpad planning significant expansion, beginning in Texas
Source HousingWire

Millions of sensitive mortgage documents were left exposed on the internet for two weeks in a massive data breach that could affect an unknown...

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Goldman Sachs invests $15 million for supportive housing in New Jersey
News 2 months ago
Goldman Sachs invests $15 million for supportive housing in New Jersey
Source HousingWire

Aiming to provide housing options for the state’s “most vulnerable populations,” Goldman Sachs is partnering with New Jersey Community Capital to...

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Freddie Mac just had its biggest year ever in multifamily
News 2 months ago
Freddie Mac just had its biggest year ever in multifamily
Source HousingWire

We already knew that Freddie Mac set an all-time record for multifamily security issuance in 2018, so it probably shouldn’t come as a surprise that...

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[WATCH] UWM CEO: Becoming a mortgage broker is “a lot easier than you think”
News 2 months ago
[WATCH] UWM CEO: Becoming a mortgage broker is “a lot easier than you think”
Source HousingWire

Furthermore, he recorded the whole conversation on video, for the benefit of the LendingLife audience. In the short, 13-minute video, Gaffney and...

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Here are the multifamily lenders that dominated 2018
News 2 months ago
Here are the multifamily lenders that dominated 2018
Source HousingWire

Multifamily lending continues to reach all-new highs, and some lenders rose above the rest, dominating the market in 2018. The most recent data...

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MBA: Mortgage applications push forward
News 2 months ago
MBA: Mortgage applications push forward
Source HousingWire

Despite U. S. economic volatility, mortgage applications pushed forward for the week ending Jan. 11, 2019, according to the newest data from the...

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Real estate, mortgage experts launch network for housing professionals
News 2 months ago
Real estate, mortgage experts launch network for housing professionals
Source HousingWire

Business for those working in real estate and mortgage lending is changing, and those who want to learn how to thrive in this new climate need a...

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Mortgage Tech Rundown: Black Knight, Appraisal Logistics and more
News 2 months ago
Mortgage Tech Rundown: Black Knight, Appraisal Logistics and more
Source HousingWire

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

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European co-living company Quarters raises $300 million for substantial U.S. expansion
News 2 months ago
European co-living company Quarters raises $300 million for substantial U.S. expansion
Source HousingWire

Whether it’s because they’re attracted to communal, dormitory-style living or because that’s all they can afford these days, Millennials and other...

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Single-family housing authorizations fall, increasing recession probability
News 2 months ago
Single-family housing authorizations fall, increasing recession probability
Source HousingWire

Single-family housing authorizations decreased 0.95% in December, falling for the second consecutive month and down 3.76% year over year, according...

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Radian acquires real estate software and data analytics provider Five Bridges Advisors
News 2 months ago
Radian acquires real estate software and data analytics provider Five Bridges Advisors
Source HousingWire

Radian Group is continuing with its stated strategy to diversify its business offerings and boosting its real estate software and data analytics...

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Housing activity declines, recession probability increases
News 2 months ago
Housing activity declines, recession probability increases
Source HousingWire

Single-family housing authorizations decreased 0.95% in December, falling for the second consecutive month and down 3.76% year over year, according...

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Wells Fargo settlements don’t affect its bottom line – earnings increased in 2018
News 2 months ago
Wells Fargo settlements don’t affect its bottom line – earnings increased in 2018
Source HousingWire

Last year lenders struggled under increasing competition and some were even forced to sell or merge with other companies – but Wells Fargo saw an...

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Blackstone set to launch largest real estate fund ever
News 2 months ago
Blackstone set to launch largest real estate fund ever
Source HousingWire

Blackstone Group is set to finish raising capital for the largest-ever real estate fund. According to an article in The Wall Street Journal, the ...

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New York claims real estate brokers made $21 million through illegal Airbnb rentals
News 2 months ago
New York claims real estate brokers made $21 million through illegal Airbnb rentals
Source HousingWire

A group of New York City real estate brokers made $21 million through a series of illegal Airbnb short-term rentals in flagrant violation of the...

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Mr. Cooper laying off 109 mortgage employees in California
News 2 months ago
Mr. Cooper laying off 109 mortgage employees in California
Source HousingWire

Over the last several months, layoffs have hit companies across the housing industry as the industry works to find solid footing in a shifting...

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Here’s how the shutdown is impacting mortgage lending right now
News 2 months ago
Here’s how the shutdown is impacting mortgage lending right now
Source HousingWire

Fiserv, once a tech monolith in the mortgage industry, appears to be finding even greater success elsewhere. Ten years ago, the company partnered...

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JPMorgan Chase earnings take hit, fall again in mortgage sector
News 2 months ago
JPMorgan Chase earnings take hit, fall again in mortgage sector
Source HousingWire

Fiserv, once a tech monolith in the mortgage industry, appears to be finding even greater success elsewhere. Ten years ago, the company partnered...

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Knock raises $400 million, plans massive expansion of home trade-in program
News 2 months ago
Knock raises $400 million, plans massive expansion of home trade-in program
Source HousingWire

Fiserv, once a tech monolith in the mortgage industry, appears to be finding even greater success elsewhere. Ten years ago, the company partnered...

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Expert: A look under the hood of the mortgage industry
News 2 months ago
Expert: A look under the hood of the mortgage industry
Source HousingWire

While the front end of mortgage lending might look good, a look into the back end of operations shows a much different story. Mortgage lending is...

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NAR: American dream of homeownership is still alive
News 2 months ago
NAR: American dream of homeownership is still alive
Source HousingWire

Although tightening affordability continues to be a deterrence to homeownership, data suggests Americans still strongly consider it to be a part of...

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