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Bank regulators release plan to increase capital requirements for mortgage lending
The changes would boost capital requirements for large banks’ residential mortgage portfolios compared to international standards. Mortgage trade groups are unhappy with the proposal.
Mr. Cooper boosts Q2 profits to $142M as servicing business grows
Mr. Cooper delivered $142 million in net income from April to June, compared to $37 million in the first quarter, the company reported Wednesday.
Insurance carrier exodus rattles California and Florida housing markets
Insurance carriers are abandoning Florida and California as costs and premiums skyrocket. Real estate agents are on the front lines – here’s how they navigate the growing insurability issue with clients.
eXp’s Glenn Sanford on AI’s transformative impact in real estate
eXp Holdings Founder Glenn Sanford isn’t shying away from using artificial intelligence (AI) in his brokerage.
Mutual of Omaha acquisition places Keller Mortgage alongside reverse mortgage division
The acquisition deal announced this week sees Keller Mortgage sitting in the same corporate home as Mutual of Omaha Reverse Mortgage.
Bank regulators release plan to increase capital requirements for mortgage lending
The changes would boost capital requirements for large banks’ residential mortgage portfolios compared to international standards. Mortgage trade groups are unhappy with the proposal.
Mr. Cooper boosts Q2 profits to $142M as servicing business grows
Mr. Cooper delivered $142 million in net income from April to June, compared to $37 million in the first quarter, the company reported Wednesday.
Mutual of Omaha acquisition places Keller Mortgage alongside reverse mortgage division
The acquisition deal announced this week sees Keller Mortgage sitting in the same corporate home as Mutual of Omaha Reverse Mortgage.
The fate of HUD
In recent months, HUD investigators have made redlining cases a departmental priority, according to interviews with attorneys. Here’s what those interviews have revealed when it comes to the department’s priorities.
UWM sues broker shop for sending loans to Rocket, Fairway
Shawn John Nevin, CEO of America’s MoneyLine, says UWM’s $2.8M lawsuit is “anticompetitive, anti-American” and won’t survive legal scrutiny.
Insurance carrier exodus rattles California and Florida housing markets
Insurance carriers are abandoning Florida and California as costs and premiums skyrocket. Real estate agents are on the front lines – here’s how they navigate the growing insurability issue with clients.
eXp’s Glenn Sanford on AI’s transformative impact in real estate
eXp Holdings Founder Glenn Sanford isn’t shying away from using artificial intelligence (AI) in his brokerage.
Homebuyers say this is the worst time ever to buy a house
Homebuyers are feeling pretty pessimistic about the housing market. In January, Fannie Mae’s Home Purchase Sentiment Index (HPSI) hit its lowest level since May 2020 when much of the country was still in lockdown
Zillow’s outlook for 2022: Will housing affordability slow demand?
“An unstoppable force will meet an immovable object in the U.S. housing market this year, and we’ll find out which one wins,” says Jeff Tucker, senior economist at Zillow.
HW+ Member Spotlight: Gary Scott
This week’s HW+ member spotlight features Gary Scott, president at Allen Tate Realtors, as he shares the big themes for the housing market in 2022.
The “Big Four” take on the upstarts in title insurance
Dozens of tech-forward startups are competing for a slice of the 10.5% share of the market controlled by small, independent title insurance companies.
In the race to modernize title, firms double down on software
Developing software to overcome regulatory issues and underlying business practices is the key to the future of the title insurance industry, some CEOs believe.
The title insurance industry has a talent problem
With an aging workforce, the title insurance industry is betting on internships and TikTok to attract the next generation of talent. HW+ Premium Content
What’s driving First American’s big bets on proptech
First American Title in Q3 recorded $278 million in gains related to its tech/venture investments. We caught up with Paul Hurst for a closer look at the company’s tech strategy. HW+ Premium Content
A Crystal Ball for eClosings
After a big leap ahead in 2020, are eClosings stalling? Here’s what you need to know about the future of digital closings. HW+ Premium Content.
The appraisal industry’s governance problem
A report, commissioned by the Appraisal Subcommittee and led by the National Fair Housing Alliance, found that the appraisal industry, in sharp contrast to other sectors in housing finance, has been allowed to police itself.
“I don’t want to say we’re archaic”: Appraisal Institute president vows reform
Appraisal Institute president Jody Bishop spoke to HousingWire about what he would like to change about the profession, while still advocating for its members.
Here are 7 trends to watch in the 2022 appraisal market
The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it.
Appraisers slam FHFA appraisal blog post
Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings.
FHFA takes a swing at racial bias in appraisals
In a report on racial bias in appraisal, the FHFA said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws.”
