Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was mainly driven by the refi index falling 6.4% from the previous week on a seasonally adjusted basis.
The Office of the Comptroller of the Currency issued a final rule Tuesday to rescind the June 2020 proposed Community Reinvestment Act (CRA) rule, setting the stage for more reform. In a statement, the agency said the final rule would “facilitate the ongoing interagency work to modernize the CRA regulatory
The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. Over the next several years, however, assuming interest rates continue to tick upward absent great volatility, the non-QM (or non-qualified mortgage)
Layoffs swept through Freedom Mortgage’s Fort Mill, South Carolina office last Friday, sources familiar with the situation confirmed to HousingWire this week. The exact numbers have not been publicly disclosed, but laid off employees said it’s in the hundreds. A manager at Freedom, who requested anonymity, told HousingWire that the
Layoffs swept through Freedom Mortgage’s Fort Mill, South Carolina office last Friday, sources familiar with the situation confirmed to HousingWire this week. The exact numbers have not been publicly disclosed, but laid off employees said it’s in the hundreds. A manager at Freedom, who requested anonymity, told HousingWire that the
The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. In a blog post, Fannie Mae and Freddie Mac’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending
Sandra Thompson, the acting head of the FHFA President Joe Biden has nominated the Federal Housing Finance Agency’s acting director, Sandra Thompson, to become its permanent director. Thompson has been doing the job on a temporary basis since June, after Biden removed the former Trump-appointed FHFA director, Mark Calabria. While
Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management’s latest critical defect report. The critical defect rate climbed to 2.27% in the second quarter of 2021, ending the trend of improvement in the previous
The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through Friday, December 17, 2021. Click here to submit your company. The title insurance industry generated $6.8 billion in title insurance premiums in Q3, marking
First thing’s first. There’s a problem with the U.S. single-family housing market. “U.S. housing supply is dwindling once again as homes continue to fly off the market at record prices,” said Jeremy Sicklick, CEO of real estate data analytics firm HouseCanary. “For homebuyers, across the country we expect the shortage
Consumers have flipped the script on lenders and real estate agents when it comes to the home-buying process. Ninety percent of consumers start their home search online and many get prequalified for financing before they even reach out to a real estate agent. In this changing landscape, it has become
Fractional real estate investment firm reAlpha announced late last week that it is partnering with Title First Agency to provide title and closing services on all of the firm’s property acquisitions. The company hopes that this partnership will allow reAlpha to simplify and streamline its purchase procedures. Unlike other fractional
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