It’s official: Steve Horne out as Wingspan CEO

It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
W S

News

Toll Brothers CEO calls new mortgage rules dumb

“3% down doesn’t make any sense”
Brena Swanson
Not every builder is on board with federal regulators’ move his week to open the credit box and ease mortgage-qualification standards. While other builders like PulteGroup and Ryland Group welcome the new rules, Luxury homebuilder Toll Brothers finds the rule dumb.
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It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor
Ben Lane
Despite repeated denials to HousingWire, Wingspan has made the news of Steve Horne's exit as president and CEO official, and named Jason Spooner, Wingspan’s executive vice president of national operations, as the company’s new president. According to Wingspan, Horne has been moved to a senior advisor position.
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New home sales gains screech to a virtual halt in September

Sales rise just 0.2% led by massive drop in West
Trey Garrison
Gains in sales of new single-family houses in September 2014 came to a screeching virtual halt in September, printing at a seasonally adjusted annual rate of 467,000.
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Black Knight: Foreclosure inventory lowest since February 2008

Delinquencies decline by 117K but foreclosure starts rise 12%
Trey Garrison
At 1.76% of active mortgages, the nation’s inventory of loans in foreclosure is now at its lowest point since February 2008, according to the September report from the Data and Analytics division of Black Knight Financial Services.
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HUD fines Cincinnati landlord for failure to disclose lead paint

Meyer Management fined, ordered to conduct lead abatement
Ben Lane
According to the federal government, Meyer Management violated the Federal Residential Lead-Based Paint Hazard Reduction Act by failing to inform tenants that their homes may contain “potentially dangerous” levels of lead.
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Quicken Loans rolls out two new home price/value indices

New metrics show home value, consumer perception
Trey Garrison
Data junkies rejoice – Quicken Loans is rolling out two new indices that measure home value and home price perception.
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Meet the new guidelines for single-family rentals

National Rental Home Council releases operating guidelines
Ben Lane
The National Rental Home Council, the trade group for single-family rental homes created by the largest owner-operators in the space, has released operational guidelines for the entire single-family rental industry.
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Jennifer Lawrence buys Jessica Simpson’s former home

Purchases bachelorette pad for $8.225 million
Brena Swanson
This Hunger Games star just purchased a new bachelorette pad for $8.225 million, but she's not the first celebrity to walk the halls of this Beverly Hills mansion.
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Marriage ignites the desire to buy a home

...except people aren’t getting married
Brena Swanson
Marriage is no longer at the forefront of Americans' minds as more people choose to delay marriage, creating a ripple effect that pushes the prospect of homeownership further back.
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Fannie Mae: Positive on U.S. economy despite global growth decline

Housing faces upward grind in 2015
Trey Garrison
Real economic growth in the U.S. appears ready to exceed 3% for the second half of the year, providing a sound basis for growth in 2015, according to Fannie Mae’s Economic & Strategic Research Group.
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