Introducing HousingWire’s 2020 Class of Rising Stars

This year’s 2020 Class of Rising Stars celebrates 50 young innovators moving the housing industry forward. Coming from all sectors of housing – mortgage, real estate, fintech, servicing and more, these up-and-coming leaders are blazing their own trail. The norm… Continue Reading →

Will smaller cities see a boom from the coronavirus?

After the Great Recession, the number of big-city residents boomed. Flush with jobs and thirsting for modern high-rises, young adults and families moved into dense metro areas with amenities at their doorsteps and strips of restaurants blocks away. But those… Continue Reading →

As travel slows down, when will Airbnb owners recover?

As travel has been significantly minimized and less people are renting out Airbnb‘s, it leaves vacation rental owners in a bind, with some paying multiple mortgages. While Airbnb has mended some of its policies to accommodate the extenuating circumstances, are… Continue Reading →

Startup profile: Brace

Taken from HousingWire Magazine’s May issue, the startup profile on Brace looks at a company that is about to start creating disruptions in the housing space. With its sights set on the servicing industry, Brace recently closed a Series A… Continue Reading →

Appraisal technology reduces risk for appraisers and homebuyers in the midst of COVID-19

As the majority of the housing industry transitioned to working from home due to COVID-19 health concerns, many appraisers remained on the front lines.  The Appraisal Institute and several other organizations rallied to deem appraisers essential workers so they would… Continue Reading →

CFPB data shows Americans were terrified about their finances as pandemic raged

Despite the efforts of the government over the last few months, there are still a great number of people confused about their financial relief options in the wake of the pandemic. Things have likely gotten at least a little better… Continue Reading →

What happens to real estate when COVID-19 busts state and local budgets?

As COVID-19 starts to loosen its grip on some of the nation’s coastal cities and begins a relentless march across the parts of the nation it hasn’t walloped yet, the rest of America is set to find out what happens… Continue Reading →

Summer is the new home-buying season

Spring has historically been dubbed “home-buying season,” but as the last few months have been shut down due to the COVID-19 pandemic, is summer the next best thing? The beginning of 2020 saw the strongest time for mortgage purchase applications,… Continue Reading →

Christine Beckwith to speak at June’s engage.marketing summit

In this year’s ultra-competitive and sometimes chaotic mortgage market, product and rates are just one part of winning business and expanding your customer base. It’s a motivated sales team, with defined goals, that ultimately grows market share. That’s the crux… Continue Reading →

People movers: Orchard and Black Knight

Phil Felice Real estate company Orchard has hired Phil Felice as its chief revenue officer and Elijah Meerson as its chief technology officer. Felice has nearly 20 years of experience in the industry, most recently as the U.S. CEO for… Continue Reading →

Powell cites Fed’s mortgage intervention as a success

Federal Reserve Chairman Jerome Powell gave a bleak assessment of the U.S. economy as he testified remotely to the Senate Banking Committee on Tuesday. The only bright spot he mentioned was the mortgage market. Powell reiterated the central bank’s plan… Continue Reading →

Home renovation declines in wake of COVID-19

As COVID-19 cases continued to climb in April, the housing market felt the strain of the pandemic. Prior to the outbreak, Buildfax, a property condition data service provider, reported demand for new homes was so high that a major housing… Continue Reading →

Could the coronavirus crisis lead to larger homes and office spaces?

A lot of interesting ideas are being floated about how the coronavirus crisis will affect our future habits and social patterns.  Some that I have come across lately that relate to the housing market and real estate include the idea… Continue Reading →

Are mortgage rates about to fall below 3%?

Until about three months ago, it was basically unthinkable that interest rates would ever fall below their record low of 3.31%, which was set in November 2012. But then the coronavirus happened. And as the virus was wreaking havoc on… Continue Reading →

Can’t show homes in person? Leverage tech to keep virtual sales personal

HousingWire spoke to Matt Casey, CEO and president of CRS Data, about the ways real estate professionals can best leverage technology like the MLS Tax Suite to personalize the virtual sales experience. HousingWire: How does the mix of tax and… Continue Reading →

Mortgage marketer David Arnett to speak at engage.marketing in June

Amid the coronavirus pandemic and shifts in lending standards, marketing a mortgage company this year requires nimbleness and working across internal teams. That’s why we invited David Arnett, vice president of marketing and communications for Cherry Creek Mortgage, to speak… Continue Reading →

Affordable housing markets see prices rising as the number of homes for sale continues to drop

In April, the supply of homes for sale was down 24% year over year, while new listings fell 42%, a new report from Redfin said. Compared to a year ago, the biggest declines in active housing supply in April were… Continue Reading →

Refi boom fuels hiring by mortgage firms during the downturn

At a time when unemployment levels are rising to heights not seen since the Great Depression, the mortgage industry is among the relatively few sectors outside of the frontline workforce that is actively seeking out new employees. “We’re hiring and… Continue Reading →

Fannie Mae and Freddie Mac head for the exit as COVID-19 rages

In the midst of the sharpest economic drop since the Great Depression, prompted by the COVID-19 pandemic, Fannie Mae and Freddie Mac said they are looking for financial advisors to underwrite what is likely to be the largest public share… Continue Reading →

[PULSE] Lending in a new world: How to navigate this changing landscape

The lending world is undoubtedly one of the most complex and ever-changing environments within the financial hub. As loan originators, we are required to not only stay abreast of market changes but to also understand them enough to convey this… Continue Reading →

Fannie Mae, Freddie Mac will allow borrowers who took forbearance to refinance their mortgage

The most recent data shows that there are approximately 4.1 million borrowers in forbearance on their mortgage, but a lack of clarity in the wording of the CARES Act was leaving many of those borrowers unable to take advantage of… Continue Reading →

Housing starts plummet to a five-year low

Housing starts plummeted to a five-year low in April as builders paused activity amid the COVID-19 pandemic. Starts on both multifamily and single-family units dropped 30%, the biggest monthly decline in six decades of records, to a seasonally adjusted annual… Continue Reading →

Has the mortgage forbearance curve flattened?

It’s been nearly two months since the number of borrowers who need forbearance on their mortgage began spiking due to coronavirus shutdowns, but it looks like the forbearance curve may be flattening. New data from the Mortgage Bankers Association shows… Continue Reading →

Who’s on the hook when money disappears due to wire fraud?

Wire fraud is a source of significant harm to financial institutions, with an estimated $1.77 billion stolen in 2019, according to the FBI. For mortgage companies, the vulnerabilities surrounding the closing table constitute an especially big risk. Excited and anxious… Continue Reading →

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