News

Case-Shiller results barely miss housing-boom high

Home prices increasing annually, but flat from June
Home prices rose yet again in July, and while not quite as fast as June’s pace, it did come less than a percentage point away from July 2006’s all-time high. Home prices in three cities continue to increase faster than any other city.
Read More

Freddie Mac launches "Deep MI" credit risk-sharing pilot program

Plans to share even more risk with mortgage insurers
Freddie Mac announced Monday that it is prepared to take the next step in the government’s continuing efforts to shed some of the credit risk facing the government-sponsored enterprises through a pilot program featuring deep mortgage insurance. So, what does this mean? More mortgage risk will now be transferred to private mortgage insurance companies.
Read More

EXCLUSIVE: STRATMOR explains increase in mergers and acquisitions

Sellers leave mortgage industry due to personal exit strategies
Recently, the Mortgage Bankers Association talked about how mergers and acquisitions are heating up, however STRATMOR, which has an active M&A practice with a focus on midsize Independent mortgage banks, is quick to add that they wouldn't characterise the markets as getting hot. Well, not just yet, anyway.
Read More

Fannie Mae sells $20.3m NPLs to familiar non-profit

Frequent buyer snaps up deeply delinquent mortgages
Fannie Mae broke with tradition recently when it announced plans to sell a pool of non-performing loans through its “Community Impact Pool” program to a private equity firm, rather than the non-profits, small investors and minority- and women-owned businesses it is designed to target. But in its fifth Community Impact Pool sale, Fannie Mae is turning back to a non-profit, and a familiar one at that.
Read More

Got tough questions about the CFPB's 900-page mortgage-servicing rule?

HousingWire gets you the answers
For those wondering if the Consumer Financial Protection Bureau’s mortgage-servicing rule is published in the Federal Register yet, the answer is no. This gives the industry a little bit of extra time to digest all the details that are in the final rule. Luckily, HousingWire is hosting a Q&A expert webinar to make sure you have all the information you need to fully comply with the rule and properly conduct business.
Read More

Conference dispatch: The overall non-agency mortgage market struggles, successes

A take on two conferences
Last week, owing to an apparent breakdown in internal communications, one of the industry’s leading conference producers held two competing securitization conferences on the East and West coasts. A few determined conference goers, including Mark Hughes, executive vice president with Clayton Holdings, racked up frequent flyers miles to attend both, giving HousingWire the scoop on what went on.
Read More

It's official: Fannie Mae moves to open credit box with trended credit data

Desktop Underwriter 10.0 arrives
After much anticipation, this weekend marked the official launch of Fannie Mae’s Desktop Underwriter Version 10.0, implementing the long-awaited use of trended credit. So what’s with the big hype around trended credit data? For starters, it's a game-changer for borrowers, helping them obtain greater access to mortgage credit.
Read More

Here’s proof Airbnb is destroying the New Orleans housing market

An inside look into HousingWire’s coverage
Airbnb is on the rise, but is it destroying any local housing markets in the U.S.? A story in the September edition of HousingWire’s magazine gives compelling evidence that it is — at least in the first metro we selected to review. This evidence is so compelling, in fact, that HousingWire is now making an unprecedented decision to bring the story to you.
Read More

Political battleground states see highest rise in property values

One state saw 78% increase in past 5 years
At this point in the election cycle, eight states are now considered swing states, as they could be the keys in this year’s election. A deeper look into those states shows that home prices increased more than in traditionally Republican or Democratic states. In one battleground state, home prices increased by 78% since 2011.
Read More