Sunday, 25 August, 2019

Subscribe

Category: HousingWire

Category Added in a WPeMatico Campaign


This week, the 30-year, fixed-rate mortgage held steady from one week prior, averaging 3.6%. This rate sits significantly lower than its 2018 average of 4.53%, according to the Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the sound and fury of the financial markets continue to warn of an impending recession, however, the silver lining is that Read more…


Although homebuilder confidence rose one point to 66 in August, market affordability continues to threaten future growth, according to the National Association of Home Builders/Wells Fargo Housing Market Index. “Even as builders report a firm demand for single-family homes, they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots,” NAHB Read more…


The median rent for a Manhattan apartment rose to $3,595 in July, a 5.7% gain from a year earlier, and reached a new high of $3,000 in Brooklyn, up 1.7%, as potential homebuyers waited to see what effect the state’s “mansion tax” would have on New York’s real estate. The number of new leases in Manhattan increased 5.1% to 6,460 Read more…


For the second time in two weeks, one of loanDepot’s top executives is set to leave the company. First, it was Chris Heller, the CEO of mellohome, loanDepot’s attempt to serve as a true one-stop-shop for “buying, financing, and improving homes,” who left loanDepot to join OJO Labs, a real estate technology startup whose flagship product is an AI-based conversational Read more…


The nation’s median rent prices for a one-bedroom and two-bedroom unit rose 1.1% and 0.5% in August. Although San Francisco secured the largest monthly growth rate, Zumper’s National Rent Report indicates it was really New York that experienced the most substantial increase.


The churning of loans backed by the Department of Veterans Affairs has long been a thorn in Ginnie Mae’s side, as the agency has worked for three years to curb abuses by VA lenders. Now, Ginnie taking yet another step to squash abuses, announcing Thursday that it is moving forward with a proposal to remove VA-backed cash-out refinances with high Read more…


Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend.This week, Kal Elsayed, the President and CEO of Guidance Residential, a faith-based home financing company, explains the importance of working with underserved communities. Additionally, Elsayed discusses the Federal Reserve’s proposed rate cut and the nation’s Millennial homeownership trends.


Mortgage software solutions provider Calyx announced Tuesday the launch of its Wholesaler MarketPlace, a portal that connects wholesale lenders to mortgage brokers. Seven wholesale lenders are now accepting loan submissions through this wholesale network, which allows brokers to connect with participating lenders directly through their LOS file.


Compass announced it raised $370 million in its latest funding round, the Wall Street Journal reports. The company also shared that it increased its total capital raised to more than $1.5 billion since launching in 2012.


Whether or not you’re a Rocket Mortgage fan, you can’t deny that Quicken Loans is on a bit of a winning streak. Earlier this month, the lender revealed that it posted the best quarter in its 34-year history. Now, the lender has announced that its wholesale channel, Quicken Loans Mortgage Services, logged its best week ever.


HousingWire sat down with AIME Chairman Anthony Casa to discuss the rise in independent mortgage brokers and the changes in today’s mortgage market.


Quantarium, an artificial intelligence company founded by a team of leading scientists, has a unique origin story that truly sets the company apart from other fintech providers.


Waterstone Mortgage Corporation has promoted Chris Fleming to senior vice president of national sales. Fleming has 20 years of experience in the mortgage industry, and 10 years with Waterstone Mortgage.


Fannie Mae issued a new forecast that predicts the average U.S. rate for a 30-year fixed mortgage will be 3.7% in the second half of 2019, down from the 3.9% the mortgage financier called for a month ago. Unemployment probably will average 3.7% this year and 4% in 2020.


Nomura Securities International will pay a fine of $25 million after the Securities and Exchange Commission accused several of the company’s former mortgage bond traders of lying to customers about the nature of the trades. According to the SEC, several Nomura RMBS and CMBS traders made “false and misleading statements” to customers while negotiating the sales of those bonds.

Please subscribe:

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Coester.com will use the information you provide on this form to be in touch with you and to provide updates and marketing.