housing wire

At a session during the Mortgage Bankers Association’s Annual event, Consumer Financial Protection Bureau Director Kathy Kraninger announced the extension of the Qualified Mortgage Patch until a new QM Patch is decided on. “To make it clear to the market

On Nov. 12, 2015, traders on the floor of the New York Stock Exchange witnessed the Dow suffer its worst one-day loss in six weeks, plunging 254 points. That afternoon, in Washington, D.C., members of the Federal Reserve’s Federal Open

From the beginning, co-founder and CEO John Paasonen has been clear about digital mortgage platform Maxwell’s mission: to make mortgages simpler and more accessible. Since channeling his frustrations with the mortgage borrowing process into co-founding Maxwell in 2015, Paasonen has

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis.  Freddie Mac’s David Brickman and

For the second week in a row, mortgage applications faltered slightly, falling 0.6% from the week prior, according to a report from the Mortgage Bankers Association. Purchase applications also took a hit last week, falling 2% from the week prior, however,

Single-family housing starts soared in September, a new report from the U.S. Census Bureau shows, despite an overall rate that was dragged down by a decline in multifamily starts. Privately owned housing starts in September rose to an annual rate

Jonathan Corr served as president and chief executive officer at Ellie Mae before announcing his retirement in September after the company was acquired by Intercontinental Exchange. Joe Tyrrell, Ellie Mae’s chief operating officer, succeeded Corr as president of ICE. HousingWire sat down

The National Association of Realtors has launched a new ad campaign, an extension of its “That’s Who We R” effort, working with creative advertising agency Havas Chicago to create an omnichannel campaign to drive awareness of fair housing issues. NAR

Knock Home Swap has expanded into Orlando, Florida and Tampa, Florida, its first markets in the Sunshine State. Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents. In these markets Home

Investment guidance and financial wellness resources are now available to all 1.4 million members of the National Association of Realtors (NAR), through a partnership with Morgan Stanley. According to NAR, this guidance will be uniquely designed to fit the needs

The Federal Housing Finance Agency announced at this year’s Mortgage Bankers Association Annual event that it is proposing a new rule for activities and products from the government-sponsored enterprises. The proposed rule replaces an interim rule from 2009 and would

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 5.92% last week, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.32% in the prior week, MBA said in a report

I’ve seen a number of articles lately predicting that mortgage rates will rise in 2021, a couple even from other HousingWire contributors. The rationale for these predictions have been erudite, multifactorial and complex. I am, on the other hand, a

The National Association of Home Builders and Wells Fargo Housing Market Index rose two points to 85 in October – the highest score the series has ever recorded since its inception 35 years ago and the second month in its history the score broke

Credit reporting agency TransUnion announced on Monday that it was making an equity investment in FinLocker’s $20 million Series A round, inking a partnership agreement designed to give consumers more control and access to their credit data while letting lenders

Our job as mortgage professionals is to help consumers when and how they need us. This is especially important in the current crisis as the behaviors of both consumers and those in the housing industry are changing. Join Jornaya’s Head

The Amherst Group, a real estate investment, development and operating firm, announced another executive-level appointment, hiring Gillian Sutton Cho as chief operating officer of investment management. In her new position, she is responsible for all investor-facing services and operations, and

Wildfires continue to rip through the west coast, but that doesn’t mean homebuyers won’t purchase in high-risk areas. More than 4.5 million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California,

The Appraisal Institute, American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, and the Massachusetts Board of Real Estate Appraisers announced a concerted effort to combat unconscious bias and discrimination in a release on Friday. The coalition

California has distinguished itself as the state that may never accept remote online notarization (RON). The state has no legislation permitting RON, and has even gone so far as to write to Congress opposing proposed bills that would make RON

Add lender-servicer Guild Mortgage to the ranks of the nonbank mortgage lenders going public.  According to an amended S-1 submitted to the Securities and Exchanges Commission on Thursday, Guild, through parent firm Guild Holdings, is expected to price its initial

The LGBTQ+ Real Estate Alliance organization announced that it is partnering with the National Fair Housing Alliance (NFHA) and has landed its first corporate sponsor, Engel & Vӧlkers. The LGBTQ+ Real Estate Alliance, which officially launched on Oct. 1, is

After plummeting 18% the week prior, the number of mortgages in active forbearance rose by 19,000 last week, according to a new report by Black Knight on Friday. Though the raw number increased, the number of all mortgages in active

Along with the rest of the economy, the housing market has been dealing with the fallout of a global pandemic, leading to an uncertain “new norm.” In a HousingWire panel on Tuesday, Rohit Gupta, CEO and president of Genworth Mortgage