When the Dolensky family made the decision to sell their home of 20 years in the Atlanta suburb of Kennesaw, a home they had raised four children in, there was a sense of melancholy surrounding the experience. But changes brought on by the progression of life and work made it
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This week’s HW+ member spotlight features Josh Mettle, division president at NEO Home Loans. With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. He
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As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? Here’s a high-level forecast for what to
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In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. In the secondary market, these non-QM loans are in demand this year and are expected to continue propelling the growth of private-label securitizations in
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Former Better.com CEO Vishal Garg One week after glibly laying off 900 employees via Zoom and courting a mountain of bad press, Better.com’s founder and CEO Vishal Garg is taking leave “effectively immediately,” according to an internal memo sent to employees of the digital mortgage lender on Friday. In the
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Mortgage credit availability dropped in November, despite improvements in the labor market, according to a report released Friday by the Mortgage Bankers Association (MBA). While there was an increase in loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic, that was
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Homeownership is one of the best ways for consumers to build wealth. Having equity increases net worth, allowing people to build long-term wealth that can be passed down through generations. Unfortunately, the path to homeownership isn’t always readily accessible to everyone. For those in marginalized communities, it can be much
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The new Consumer Financial Protection Bureau (CFPB) debt collection rule allows mortgage servicers to communicate with borrowers on social media, but the compliance risk may outweigh the potential reward. The CFPB’s rule went into effect Nov. 30. The watchdog agency said it would be looking very carefully at how debt
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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 next Friday, December 17, 2021. Click here to submit your company. With the remaining COVID-19 forbearances expected to expire by the end of the
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The American Land Title Association saw a 32.5% year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis, published on Thursday. During Q3 2021, the title insurance industry generated $6.8 billion in title insurance premium, marking the industry’s best quarter on
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Investment bank Goldman Sachs, through its affiliate Goldman Sachs Mortgage Co., has sponsored 18 private-label transactions so far in 2021 backed by more than 20,000 loans valued collectively at $9.9 billion, an analysis of bond-rating reports shows. Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated
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Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published
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