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American Financial Resources COO Bill Packer to chair MBA's tech forum
News 2 months ago
American Financial Resources COO Bill Packer to chair MBA's tech forum
Source HousingWire

The Mortgage Bankers Association has named Bill Packer chairman of its Residential Technology Forum. Packer is executive vice president and COO...

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New Penn Financial is now officially NewRez
News 2 months ago
New Penn Financial is now officially NewRez
Source HousingWire

New Penn Financial has rebranded and will be known as NewRez moving forward, the company announced on Monday. Last month, the mortgage lender...

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This is how much unpaid federal workers owe in housing payments
News 2 months ago
This is how much unpaid federal workers owe in housing payments
Source HousingWire

Amid disagreements regarding funding for President Donald Trump’s border wall, the United States government has remained partially shutdown for the...

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Watt out: OCC’s Otting officially takes over as FHFA director
News 2 months ago
Watt out: OCC’s Otting officially takes over as FHFA director
Source HousingWire

Movement Mortgage has been through a couple rounds of layoffs this year, but when the nonbank lender laid off 180 employees back in October, CEO...

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Fannie Mae: Americans say it's a bad time to buy a home
News 2 months ago
Fannie Mae: Americans say it's a bad time to buy a home
Source HousingWire

Movement Mortgage has been through a couple rounds of layoffs this year, but when the nonbank lender laid off 180 employees back in October, CEO...

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Government shutdown halts reverse mortgage endorsements
News 2 months ago
Government shutdown halts reverse mortgage endorsements
Source HousingWire

With the government shutdown approaching the two-week mark, reverse mortgage endorsements have ground to a halt. The FHA released a notice stating...

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U.S. economy adds 312,000 jobs in December
News 2 months ago
U.S. economy adds 312,000 jobs in December
Source HousingWire

With the government shutdown approaching the two-week mark, reverse mortgage endorsements have ground to a halt. The FHA released a notice stating...

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Freddie Mac: All is relatively quiet on the apartment investment front
News 2 months ago
Freddie Mac: All is relatively quiet on the apartment investment front
Source HousingWire

After seeing declines earlier in the year thanks to the high mortgage rates in the first half of 2018, the environment for apartment investment...

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Reverse mortgage volume plunges 31.4%
News 2 months ago
Reverse mortgage volume plunges 31.4%
Source HousingWire

The reverse mortgage program can’t seem to find its footing in the wake of program changes issued in October 2017. Since the endorsement totals...

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U.S. housing market value climbs to $33.3 trillion in 2018
News 2 months ago
U.S. housing market value climbs to $33.3 trillion in 2018
Source HousingWire

In 2018, the total value of the U. S. housing market increased $1.9 trillion, propelling its value to a whopping $33.3 trillion, according to new...

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Former MBA president David Stevens lands new gig at Dynex Capital
News 2 months ago
Former MBA president David Stevens lands new gig at Dynex Capital
Source HousingWire

David Stevens – the former commissioner of the Federal Housing Administration and president of the Mortgage Bankers Association – has joined the...

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New Fed Mortgage acquiring Commonwealth Mortgage
News 2 months ago
New Fed Mortgage acquiring Commonwealth Mortgage
Source HousingWire

New Fed Mortgage, a growing mortgage lender based in Massachusetts, is set to expand its business even more through the acquisition of Commonwealth...

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Freddie Mac set all-time record for multifamily security issuance in 2018
News 2 months ago
Freddie Mac set all-time record for multifamily security issuance in 2018
Source HousingWire

Freddie Mac continued its record-setting ways in the multifamily business in 2018, establishing a new record for multifamily security issuance for...

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LoanLogics hires David Parker as SVP of product management
News 2 months ago
LoanLogics hires David Parker as SVP of product management
Source HousingWire

The strategic decision revolves primarily around TMS publicly stating that mortgage servicing is in dire need of improved customer service. In...

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MBA: Mortgage applications fall nearly 10%
News 2 months ago
MBA: Mortgage applications fall nearly 10%
Source HousingWire

Mortgage applications retreated 9.8% for the week ending Dec. 28, 2018, according to new data from the Mortgage Bankers Association's weekly...

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Freddie Mac: Mortgage rates dip at start of 2019
News 2 months ago
Freddie Mac: Mortgage rates dip at start of 2019
Source HousingWire

Prospective buyers should have a bit more pep in their step as 2019 begins with comparably low mortgage rates, according to the latest Freddie Mac...

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Judge sides with Airbnb, HomeAway; blocks NYC law requiring sites to disclose user data
News 2 months ago
Judge sides with Airbnb, HomeAway; blocks NYC law requiring sites to disclose user data
Source HousingWire

A federal judge on Thursday sided with Airbnb and HomeAway and blocked a New York City law that requires the short-term rental platforms to...

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Happy New Year! Mortgage lenders face disappointing outlook for 2019
News 2 months ago
Happy New Year! Mortgage lenders face disappointing outlook for 2019
Source HousingWire

Did everyone have a great New Year’s Eve celebration? Yes, no, kinda? Well, this article won’t help cure your mortgage lending hangover. Early on...

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Democrats officially take over House of Representatives
News 2 months ago
Democrats officially take over House of Representatives
Source HousingWire

The Democrats regained control of the House of Representatives from Republicans after November's mid-term elections, and now the new Congress is in...

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Wells Fargo gives up California insurance license over renters insurance violations
News 2 months ago
Wells Fargo gives up California insurance license over renters insurance violations
Source HousingWire

Wells Fargo is prohibited from selling or brokering personal insurance in the state of California for at least three years as part of a settlement...

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Mr. Cooper Group buys IBM's Seterus mortgage servicing platform
News 2 months ago
Mr. Cooper Group buys IBM's Seterus mortgage servicing platform
Source HousingWire

Mr. Cooper Group (the company formerly known as Nationstar) purchased IBM’s Seterus mortgage servicing platform in a deal announced Thursday, which...

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NAR: DIY projects now competing with renovation professionals
News 2 months ago
NAR: DIY projects now competing with renovation professionals
Source HousingWire

As affordability continues to deter consumers from entering the housing market, more and more Americans are putting on their hard hats, rolling up...

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Here’s what rents did in all 50 states in 2018
News 2 months ago
Here’s what rents did in all 50 states in 2018
Source HousingWire

As we’ve now officially crossed over to 2019, we can take a full look back at what happened in the multifamily industry in the year that just...

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Reverse mortgage servicer Celink settles lawsuit for $4.25 million
News 2 months ago
Reverse mortgage servicer Celink settles lawsuit for $4.25 million
Source HousingWire

Celink settled a federal lawsuit regarding allegations that it violated the False Claims Act in relation to its servicing of reverse mortgage loans...

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LIHTC syndicator Alliant Capital names new vice president of originations
News 2 months ago
LIHTC syndicator Alliant Capital names new vice president of originations
Source HousingWire

Alliant Capital, a low income housing tax credit syndicator based in Woodland Hills, California, announced Wednesday that it is naming Hammad...

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Expert: Competitive environment to force lender visibility
News 2 months ago
Expert: Competitive environment to force lender visibility
Source HousingWire

As interest rates rise, one expert explained it is now more important than ever for lenders to become more transparent with their data – as the...

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LendingTree: Share of borrowers with rates under 5% is shrinking
News 2 months ago
LendingTree: Share of borrowers with rates under 5% is shrinking
Source HousingWire

As interest rates increase, the share of borrowers with rates under 5% is getting smaller. According to LendingTree's Mortgage Rate Competition...

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Should reverse mortgages be pulled from FHA's MMI Fund?
News 2 months ago
Should reverse mortgages be pulled from FHA's MMI Fund?
Source HousingWire

In November, the Federal Housing Administration issued its annual report to Congress on the health of its flagship insurance fund, and the results...

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Aaron Noe joins RedfinNow as head of renovations
News 2 months ago
Aaron Noe joins RedfinNow as head of renovations
Source HousingWire

The strategic decision revolves primarily around TMS publicly stating that mortgage servicing is in dire need of improved customer service. In...

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Florida goes after 14 moving companies for allegedly holding people’s furniture hostage
News 2 months ago
Florida goes after 14 moving companies for allegedly holding people’s furniture hostage
Source HousingWire

In the state of Florida, there are a apparently a rash of moving companies that are holding people’s furniture and belongings hostage during the...

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