U.S. Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president. Appleton will assume the new role in January 2023. “With a deep
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The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s TECH100 award are open now through Friday, December 23, 2022. Click here to nominate your organization. Tech innovation in housing has come a long way over the last
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Let’s face it, mortgage sales is not for the weak. It takes tenacity, thick skin and a hustle-hard mentality. As an introvert, when I first started in the operations side of the mortgage world I dreaded the weekly pipeline calls with the sales manager I supported. They were abrasive, fast-talking
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Pamela Hughes Patenaude, former Deputy Secretary of Housing and Urban Development, joined the National Housing Conference board of governors. She is also the co-chair of NHC’s National Advisory Council. “Pam’s broad range of leadership experience in housing policy, real estate, and disaster recovery will make a significant contribution to our
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On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say
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The National Association of Realtors predicts there will be 4.78 million existing home sales in 2023, down 6.8% from the 5.13 million existing home sales expected to close in 2022. Lawrence Yun, the trade organization’s chief economist, announced this prediction on Tuesday during NAR’s fourth annual year-end Real Estate Forecast
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The mortgage industry has undergone massive downsizing after experiencing banner years during the pandemic. Shant Banosian, EVP at Guaranteed Rate and a top producing loan officer who eclipsed $1 billion in mortgage production in each of the last two years, said he also cut his team size by half while
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As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. HousingWire sat down with Mike Fawaz, senior vice
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Inflation slowed more rapidly than expected in November, increasing the likelihood of the Federal Reserve slowing down the pace of interest rate hikes. It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. The Consumer Price
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In today’s high-rate environment, lenders are looking for innovative ways to optimize and automate processes for maximum cost savings and efficiency without compromising on the consumer experience. HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid, about the need to redefine “instant title” to focus on
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Figure Acquisition Corp. I, a blank check company affiliated with fintech Figure Technologies, plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the
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Mortgage rates were on a declining trend in November despite the Federal Reserve‘s efforts to tame inflation — but lower rates haven’t been enough to convince home buyers to lock in their mortgages rates in this volatile market. Rate lock dollar volume was down 21.5% month over month in November,
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