Live Oak Bancshares and its subsidiary Live Oak Bank have appointed Casey Crawford, the co-founder and chief executive officer of Movement Mortgage, to its board of directors. North Carolina-based Live Oak Bank’s goal is to be “America’s small business bank,” its chairman and CEO, James S. “Chip” Mahan, said in
Non-QM lender First Guaranty Mortgage Corp. (FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Sprout Mortgage imploded in early July, leaving its employees out in the cold. The lender so suddenly shuttered its
HousingWire’s Vanguard award program honors executives in housing who have become leaders in their respective fields and are moving markets forward, each and every day. And today marks the last day of the 2022 nomination period for this prestigious award. We encourage a wide range of leaders to apply for
The U.S. House of Representatives voted this week to give the Department of Housing and Urban Development an 18% increase in funding for information technology. The Transportation, Housing and Urban Development appropriations bill, which was lumped in with five other bills, would set aside $73 billion in gross appropriations for
If the last few housing cycles have proved anything in the industry, it’s that it is essential for marketing leaders to be agile. But what does that agility look like in action? And taking that question a step further, how do marketing leaders make sure they’re creating solutions that are
Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. (FGMC) show the lender left its warehouse lenders holding the bag for a mound of debt. FGMC and its affiliate, Maverick II Holdings LLC, on June 30 filed to reorganize under Chapter 11 bankruptcy protection. Pleadings filed in the case — now pending in
Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in
Title insurance provider Doma has appointed Mike Smith as its chief financial officer, according to a Thursday announcement. Before he was named CFO on Tuesday, Smith had served as Doma’s chief accounting officer and acting CFO. “The promotion of Mike to chief financial officer is a testament to his financial
Purchase mortgage rates increased for the second consecutive week but at a slower pace as the market chewed on the latest U.S. inflation data, the expectation of a tightening Federal Reserve’s monetary policy, and its economic impacts. After jumping 20 basis points last week to 5.50%, purchase mortgage rates increased this week
Home listings grew, credit scores improved and tappable home equity increased in the second quarter of 2022 from the first quarter. Those the three areas represent an opportunity for lenders grappling with a deeply challenging mortgage market, Sales Boomerang said in its second quarter mortgage opportunities report. Sales Boomerang reviewed data from more
Mortgage interest rates are up, housing inventory is down and demographics still show there’s a ton of demand. Given the current economy, how are housing professionals supposed to stay competitive the rest of the year and beyond? To help address this question and more, we’re excited to feature HousingWire Lead
Accessory dwelling units are increasingly legal. But are they affordable? That’s the problem revealed by a report this month published by the University of Southern California Lusk Center for Real Estate and the Terner Center for Housing Innovation at University of California Berkeley. Specifically, there is a high cost in
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial