A federal judge has ruled in favor of a coalition of community housing groups against the Consumer Financial Protection Bureau (CFPB), vacating part of a Trump-era rule that impacted the reporting obligations of certain mortgage lenders. The D.C. District Court found that the CFPB, under Trump appointee Kathy Kraninger, acted
In the mortgage industry, the time between when a hopeful borrower submits their loan application and the loan actually closing is 50 days on average, according to the Origination Insight Report by ICE Mortgage Technology. During this period, a borrower’s credit profile may change drastically. From taking on additional debt
The Department of Justice reached a $12 million settlement with Lakeland Bank over claims the lender engaged in redlining in the Newark, New Jersey metropolitan area. The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to
The road to HousingWire Annual has been filled with a lot of excitement and strategic planning. After months of preparing and anticipation, the week is nearly here. Everyone on the HW team is so excited to see our friends and colleagues from across the industry in Scottsdale, Arizona. This year’s
The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the
This week’s HW+ member spotlight features Sharon Park, co-founder and CEO at Home Starter Inc. Below, Park answers questions about the housing industry: HW Media: What is your current favorite HW+ article and why? Sharon Park: My favorite article is “Opinion: Taming inflation requires making housing affordability a national priority.” I believe that closing the
“It went from absolute insanity and came down to reality,” said one Milwaukee-area Realtor. Sales and listings have fallen since last year.
Nearly six months after CEO Hugh Frater announced his resignation, Fannie Mae has found a permanent replacement. Priscilla Almodovar, the president and CEO of national housing nonprofit Enterprise Community Partners, will take the helm of the mortgage finance behemoth on Dec. 5. David Benson will continue to serve as interim
Taking the main stage on Oct. 5 at HW Annual, Federal Housing Finance Agency Director Sandra Thompson will sit down for a fireside chat with HousingWire’s Sarah Wheeler. The highly anticipated conversation will share updates on the agency’s latest initiatives, some of the latest collaboration and oversight moves from the
Social media app TikTok is expected to reach 1.8 billion users by the end of 2022 – will you be one of them? Many mortgage professionals are turning to the platform as a way to connect with prospective borrowers and educate them on mortgage, as well as market themselves. We
Non-QM real estate investment trust Angel Oak Mortgage Inc. on Wednesday announced the departure of CEO Robert Williams. The company appointed Sreeni Prabhu, a managing partner at affiliate Angel Oak Capital Advisors, as the new president and CEO. The leadership shakeup comes after two consecutive quarters of financial losses. Angel
The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Commercial Flooring Veteran Launches Florida Home & Business Services Serving Greater Orlando
Ohio Investment Real Estate Broker Launches New Property Search Website
RE/MAX Executives Nampa Office Relocates To New Building Adjacent To Ford Idaho Center
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