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Airbnb hosts use their passive income stream for more real estate investment
News 2 months ago
Airbnb hosts use their passive income stream for more real estate investment
Source HousingWire

Craig Curelop, a financial analyst at BiggerPockets, Inc., started hosting guests through Airbnb two years ago when he bought a duplex close to his...

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BB&T and SunTrust invest $10 million in Washington, D.C.'s affordable housing
News 2 months ago
BB&T and SunTrust invest $10 million in Washington, D.C.'s affordable housing
Source HousingWire

BB&T and SunTrust, which will be merging by the end of 2019, recently announced it is funding a $10 million social impact investment aimed at...

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Zumper: Here are the amenities that renters want the most
News 2 months ago
Zumper: Here are the amenities that renters want the most
Source HousingWire

Over the past few years, U. S. rental prices have reached historical highs, pricing out millions of renters across the country. After all, with a...

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Freddie Mac unveils new security to provide affordable housing liquidity for small lenders
News 2 months ago
Freddie Mac unveils new security to provide affordable housing liquidity for small lenders
Source HousingWire

Freddie Mac is launching a new security to help smaller lenders access additional liquidity for affordable housing financing. The government...

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Bank 34 abandoning mortgage lending
News 2 months ago
Bank 34 abandoning mortgage lending
Source HousingWire

It's getting harder and harder for smaller lenders to make money in the mortgage business, as independent mortgage banks and mortgage subsidiaries...

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Should the housing market change its approach for Millennial housing affordability?
News 2 months ago
Should the housing market change its approach for Millennial housing affordability?
Source HousingWire

With a population of nearly 84 million, it's safe to say Millennials are destined to make waves in the housing market. However, a recent analysis...

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Live Well Financial laying off 103 employees; blames closure on market, regulatory issues
News 2 months ago
Live Well Financial laying off 103 employees; blames closure on market, regulatory issues
Source HousingWire

Virginia-based Live Well Financial announced Friday that it was ceasing originations "due to unexpected circumstances." The forward and reverse...

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Americans still favor owning over renting, but for how long?
News 2 months ago
Americans still favor owning over renting, but for how long?
Source HousingWire

With a homeownership rate of 64.2%, it's safe to say the American dream of homeownership is alive and well. However, lackluster growth in the...

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Housing market continues cooldown
News 2 months ago
Housing market continues cooldown
Source HousingWire

After accelerating at a steady clip for several years, home-price growth has slowed this spring as the housing market continues to cool down. Home...

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Borrowers in these cities save the most by shopping around for mortgages
News 2 months ago
Borrowers in these cities save the most by shopping around for mortgages
Source HousingWire

As the era of unusually affordable housing comes to an end, it's safe to say housing affordability is a top concern among the nation's homebuyers....

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Warren Buffett is sitting on $112 billion cash and wants to expand his housing market footprint
News 2 months ago
Warren Buffett is sitting on $112 billion cash and wants to expand his housing market footprint
Source HousingWire

It's a question that comes up during the first weekend of every May: will Warren Buffett, the third-richest man in the world and the CEO of a...

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Zillow: Housing slowdown likely to pass as second wave of Millennials enter housing market
News 2 months ago
Zillow: Housing slowdown likely to pass as second wave of Millennials enter housing market
Source HousingWire

Although the housing market cool down has seen home price growth slow and inventory dwindle, recent data from Zillow suggests an oncoming wave of...

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The 55+ housing market is booming
News 2 months ago
The 55+ housing market is booming
Source HousingWire

The 55+ housing market is thriving right now as more Baby Boomers look to invest in a new nest to live out their retirement dreams. With scores of...

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D.C. housing agency launches program to help delinquent reverse mortgage borrowers
News 2 months ago
D.C. housing agency launches program to help delinquent reverse mortgage borrowers
Source HousingWire

A D. C.-based housing agency recently launched a program to help reverse mortgage borrowers facing foreclosure because of their failure to pay...

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Parts of Boston's short-term rental ordinance blocked by judge
News 2 months ago
Parts of Boston's short-term rental ordinance blocked by judge
Source HousingWire

Last year, short-term rental giant Airbnb sued the city of Boston in federal court over the city's short-term rental ordinance, claiming that it...

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WSJ: Mark Zuckerberg’s “secret deal” for $59 million Lake Tahoe compound
News 2 months ago
WSJ: Mark Zuckerberg’s “secret deal” for $59 million Lake Tahoe compound
Source HousingWire

Facebook CEO Mark Zuckerberg secretly purchased two neighboring estates to assemble a compound on the West Shore of Lake Tahoe in Northern...

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Ginnie Mae considering changes to VA loan rules as refinances continue to soar
News 2 months ago
Ginnie Mae considering changes to VA loan rules as refinances continue to soar
Source HousingWire

For more than 18 months, the Department of Housing and Urban Development, Ginnie Mae, and the Department of Veterans Affairs have been...

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Here’s how a dodgy network of commercial mortgage brokers may cost Morgan Management their multifamily empire
News 2 months ago
Here’s how a dodgy network of commercial mortgage brokers may cost Morgan Management their multifamily empire
Source HousingWire

The Morgan family is established as one of the largest apartment empires in America. But probably not for long. Recently, prosecutors in New York...

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Movement Mortgage acquiring retail operations of Platinum Mortgage
News 2 months ago
Movement Mortgage acquiring retail operations of Platinum Mortgage
Source HousingWire

Last month, when Home Point announced it acquired the wholesale lending division of Platinum Mortgage, everyone wondered what would happen to the...

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Freddie Mac: After four consecutive weeks of rising, mortgage rates finally fall
News 2 months ago
Freddie Mac: After four consecutive weeks of rising, mortgage rates finally fall
Source HousingWire

After four weeks of consecutive gains, mortgage interest rates finally reversed course, according to the latest Freddie Mac Primary Mortgage Market...

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CFPB proposes new HMDA rules
News 2 months ago
CFPB proposes new HMDA rules
Source HousingWire

Last year, the Consumer Financial Protection Bureau relaxed some of the requirements for the data collection and reporting stipulated by the Home...

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America’s teachers can’t afford housing and this is why
News 2 months ago
America’s teachers can’t afford housing and this is why
Source HousingWire

The latest Employment Situation Summary report revealed the average American income has grown 3.2% over the year, rising four cents to $27.70 in...

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Four perks of partnering with a mortgage broker
News 2 months ago
Four perks of partnering with a mortgage broker
Source HousingWire

For many homebuyers, a real estate agent is the first person they connect with in the home buying process. While they look to their agent for help...

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Non-QM: The buzzword of 2019
News 2 months ago
Non-QM: The buzzword of 2019
Source HousingWire

ICE is the parent company of the New York Stock Exchange and is also a provider of data and listings services, and the company bought MERS last...

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MERS owner, Intercontinental Exchange, is buying Simplifile for $335 million
News 2 months ago
MERS owner, Intercontinental Exchange, is buying Simplifile for $335 million
Source HousingWire

The clearinghouse and global exchange, Intercontinental Exchange, announced an agreement Wednesday to acquire Simplifile for $335 million. ICE is...

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LendingTree: This is how many people received mortgage rates under 5% last week
News 2 months ago
LendingTree: This is how many people received mortgage rates under 5% last week
Source HousingWire

According to LendingTree's Mortgage Rate Competition Index, borrowers with rates under 5% reached 15% for the week ending April 28, 2019. The...

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Zillow going all-in on mortgage lending
News 2 months ago
Zillow going all-in on mortgage lending
Source HousingWire

When Zillow acquired Mortgage Lenders of America last summer, it led to a lot of industry speculation as to what its future aspirations were...

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A boutique approach to mortgage due diligence
News 2 months ago
A boutique approach to mortgage due diligence
Source HousingWire

Mortgage originators feeling the pressure from low loan volumes and low margins are showing a renewed interest in non-QM loan products for...

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Optimal Blue automates the entire secondary marketing process
News 2 months ago
Optimal Blue automates the entire secondary marketing process
Source HousingWire

The last 18 months have seen a significant shift in both the primary and secondary mortgage markets. Facing shrinking loan volume and compressed...

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Sale-leaseback company Sparrow launches in Phoenix
News 2 months ago
Sale-leaseback company Sparrow launches in Phoenix
Source HousingWire

The sale-leaseback category has picked up steam as of late, with several new players emerging with a promise to help homeowners access their equity...

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