Real Estate Broker/Agency News

Mortgage rates stuck in a rut at 2.87%

The average 30-year fixed-rate mortgage was flat at 2.87% for the week ending in Sept. 2, according to mortgage rates data released Thursday by Freddie Mac‘s PMMS. The week prior, mortgage rates also held steady at 2.87%. This week’s near constant mortgage rates tracked with the 10-year Treasury yield, which

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Fannie Mae’s Lyle Radke to speak at HW Annual

Appraisal modernization efforts could mean big changes for property valuations, which is why HousingWire invited Lyle Radke, director of collateral policy at Fannie Mae, to speak at HW Annual Sept. 27-28. Radke will speak on The Future of Valuations panel, discussing hybrid appraisals, appraisal waivers and the FHFA’s request for

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CU Direct’s Origence hit with layoffs

CU Direct’s Origence, which provides mortgage loan tech to lenders, has laid off nearly three dozen workers. A company spokesperson said Origence laid off 34 employees on Aug. 17, in multiple departments, as it continues to “build efficiency in its technology operations.” In a written statement, Bob Child, COO of

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Unlicensed mortgage broker defrauded wholesale lenders

A 50-year-old former unlicensed mortgage broker from Long Island, New York, pleaded guilty Wednesday to defrauding clients and wholesale lenders out of $4.7 million in mortgage refinancing proceeds that were supposed to pay off existing client mortgages. Brent Kaufman, of Commack, New York, faces up to 30 years in prison,

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Biden’s not-so-radical plan to boost affordable housing

President Joe Biden and Sandra Thompson The Biden administration, in announcements from a suite of federal agencies, signaled Wednesday that it is making a significant effort to address the lack of supply of affordable housing in America. The announcements spanned three different federal agencies in addition to the government sponsored

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Introducing the 2021 HW Insiders

Adam Josephson VP, Customer Success and Service Top of Mind Adil Gulamhusein VP, Operations Sourcepoint Agnes Standowicz VP, Underwriting Leader United Wholesale Mortgage Amaly Quiroz VP, Transaction Processing eXp Realty Amanda Cherry Associate Product Manager Finance of America Reverse Amanda Overton VP, Compliance First Guaranty Mortgage Corporation Ameez Nanjee VP,

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Tim Mayopoulos to speak at HW Annual Sept. 27- 28

As the mortgage industry moves further into the digital era, lenders are continuing to see the value and ease of cloud-based lending to simplify outdated processes. That’s why HousingWire has invited Tim Mayopoulos, president of Blend, to sit down for a Q&A at HW Annual on June 27 in Dallas to

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Reverse mortgage pro fact-checks product claims by Dave Ramsey

The reverse mortgage industry is perhaps overly familiar with having a need to fact-check certain claims about the product category made by financial commentators, some of which are very well-known by the general public while others are simply ubiquitous enough to warrant the need for competing educational materials. However, one

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HousingWire Magazine: September 2021

Brena NathHW+ Managing Editor Did you dream about getting into the mortgage industry? It’s a question — an often joked about question — that I think we’ve all heard before when chatting with others in the space. Personally, my own answer is no, but here I am nearly eight years

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