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Senate confirms HUD nominees for policy development, public housing
News 2 months ago
Senate confirms HUD nominees for policy development, public housing
Source HousingWire

The Senate confirmed two appointments to the Department of Housing and Urban Development Thursday, approving President Donald Trump's nominations...

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FICO scores for May mortgage borrowers remain at two-year highs
News 2 months ago
FICO scores for May mortgage borrowers remain at two-year highs
Source HousingWire

A strong labor market coupled with lower borrowing costs has put Americans in better shape to get a mortgage, based on average FICO scores and debt...

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First American: A lack of housing inventory slows growth in potential existing sales
News 2 months ago
First American: A lack of housing inventory slows growth in potential existing sales
Source HousingWire

In May, potential existing-home sales increased 0.4% from the previous month, according to First American's Potential Home Sales Model. According...

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Prominent Senate Democrats want reversal of HUD policy on FHA mortgages for Dreamers
News 2 months ago
Prominent Senate Democrats want reversal of HUD policy on FHA mortgages for Dreamers
Source HousingWire

A number of prominent Senate Democrats, including several who are running for president, want the Department of Housing and Urban Development to...

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Freddie Mac: Mortgage rates rise from two-year low
News 2 months ago
Freddie Mac: Mortgage rates rise from two-year low
Source HousingWire

The average U. S. rate for a 30-year fixed mortgage rose two basis points this week from a two-year low, according to the latest Freddie Mac...

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Mortgage delinquencies fall to a record low in May
News 2 months ago
Mortgage delinquencies fall to a record low in May
Source HousingWire

Mortgage delinquencies fell to a record low in May as a strong labor market helped Americans to pay their mortgages on time. Late payments fell to...

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Situs Group merges with American Mortgage Consultants
News 2 months ago
Situs Group merges with American Mortgage Consultants
Source HousingWire

Situs Group Holdings, a provider of business and tech solutions for the real estate industry, is merging with American Mortgage Consultants, a due...

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NAR: More Americans are ready to buy homes, but will this momentum last?
News 2 months ago
NAR: More Americans are ready to buy homes, but will this momentum last?
Source HousingWire

Homeowner optimism continues to trend upward, with new data from the National Association of Realtors indicating more Americans are ready to put...

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Even with high expectations for digital, homebuyers want a human touch
News 2 months ago
Even with high expectations for digital, homebuyers want a human touch
Source HousingWire

In the era of Amazon and one-click purchases, buyers are looking for easier digital experiences when they shop - including when they shop for homes...

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RentCafe: The national average rent climbs to $1,442 in May
News 2 months ago
RentCafe: The national average rent climbs to $1,442 in May
Source HousingWire

Despite rising rent prices in May, RentCafé indicates that about 70% of American cities are renting for less than the national average. According...

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Freddie Mac announces fixer-upper mortgage
News 2 months ago
Freddie Mac announces fixer-upper mortgage
Source HousingWire

Freddie Mac is launching a new mortgage product that allows borrowers to buy a fixer-upper and finance the renovation all with one loan. Existing...

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WSJ: Phoenix is
News 2 months ago
WSJ: Phoenix is "petri dish" for America’s iBuying experiment
Source HousingWire

High-tech flippers such as Zillow and Opendoor are using algorithms to reshape the housing market, and Phoenix is the "proving ground," according...

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MBA: Uptick in mortgage rates slows purchase application growth
News 2 months ago
MBA: Uptick in mortgage rates slows purchase application growth
Source HousingWire

A recent uptick in mortgage rates resulted in purchase applications declining slightly, according to the Mortgage Bankers Association. On an...

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Housing starts decline in May, signaling a slowdown in production
News 2 months ago
Housing starts decline in May, signaling a slowdown in production
Source HousingWire

Housing starts reversed course in May, signaling a slowdown in production, according to the latest report from the U. S. Dept. of Housing and Urban...

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Growing real estate player Pretium buying Deephaven Mortgage from Värde Partners
News 2 months ago
Growing real estate player Pretium buying Deephaven Mortgage from Värde Partners
Source HousingWire

Pretium, an investment management firm that focuses on residential real estate, mortgage finance, and corporate credit, already owns one of the...

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Ditech selling forward, reverse mortgage businesses
News 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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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