Brena Swanson is the Digital Reporter for HousingWire.com, providing expert coverage on Millennials, lending and housing. Brena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content Specialist. Brena graduated from Evangel University in Springfield, Missouri.
Despite some disagreement in the industry, the recently announced redesigned Uniform Residential Loan Application, the standardized form used by borrowers to apply for a mortgage, should be a strong benefit to the industry. Although the industry is divided on the positive impact of the redesigned form, this new reports explains why it is, in fact, a good thing.
CNBC’s “Mad Money” with Jim Cramer put Ellie Mae in the spotlight in a recent episode to help show viewers what exactly they would be investing in. While the mortgage software provider company is performing well in the stock market, not everyone knows what the company does. CEO Jonathan Corr set out to fix this.
Now that the kids are heading back to school, and parents are turning their focus away from house hunting, the real estate market is showing signs of slowing down. The latest report from a la mode shows appraisal volume dropping after three straight weeks of increases.
The hottest housing market in America right now might still be Vallejo-Fairfield, California [San Fran area] but this doesn’t mean the rest of the list stood still. Interestingly, one new market not only joined the list, but also jumped up to the eighth spot. And to the city that was sitting comfortably as the eighth hottest market, well, it fell completely out of the top ten, barely even making the top twenty.
Longview, Texas is ready to welcome 600 new jobs to its community thanks to a new Nationstar customer call center opening up in the area. The total payroll, benefits and capital investment contributed by Nationstar Mortgage to the area will reach $248 million over the next ten years.
Nearly 8,000 homeowners just breathed a sigh of relief because a court ruled Wells Fargo must credit and refund them $3.45 million, after the bank admitted to a processing error that delayed the mailing of letters to homeowners in bankruptcy.
It's not over. Homeowners are yet again getting another chance from the Federal Housing Finance Agency to take advantage of the Home Affordable Refinance Program. The new deadline is now Sept. 30, 2017. But this time around, things are different.
After a planning and transportation commissioner for Palo Alto bashed the city’s housing efforts in her resignation letter on Medium, the Mayor of Palo Alto decided to go on record with Curbed San Francisco to give the city’s side of the story. His reasoning for the major housing problem: Too many jobs.
In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.
Mortgage applications recorded another quiet week despite record low-interest rates and it being one of the busiest housing seasons of the year. And this is only the latest report in a series of up and application reports from the MBA.
Some of our 2016 award winners have worked their way up in traditional mortgage companies, while others started their own businesses. They have made their mark in marketing, technology, economics, compliance, asset management, operations and business development.
According to Harvard University’s Joint Center for Housing Studies, the supply gap in 2015 was 400,000 units. Of course, that leads to price inflation on rental rates for existing units as well as driving developers to build. But today’s construction isn’t necessarily providing for all of tomorrow’s renters.
The solutions that offer so much promise also open up the possibility of 24/7 availability. The mission of many in our industry is satisfying consumer demand, and understandably so. But we should be careful. Sometimes consumers are ridiculous and unreasonable. Sometimes meeting their demands comes at too high a price.