Brena Swanson

Brena Swanson

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. Follow Brena on twitter at @BrenaSwanson.

ARTICLES

Here's how NAMB, UWM plan to revive the independent mortgage broker channel

Announce $500,000 KickStart program
Mortgage brokers took a major hit after the financial crisis, vacating their individual businesses and fleeing to the security of working for a bigger company. However, a new initiative announced by the National Association of Mortgage Brokers and United Wholesale Mortgage is designed to regrow the mortgage broker channel. The KickStart program offers grants to loan originators aspiring to open their own mortgage shops. Looking to start your own company? Check the details inside.
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California Realtors getting nervous about housing market future

CAR's 2016 housing predictions came true, now what?
Now more than half a year into 2016, and the California Association of Realtors’ predictions that a shortage of available inventory and continued high costs would limit improvements in 2016 are coming true. And looking at the latest CAR report, it appears to be getting to Realtors.
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Mortgage fraud rising most in low-downpayment loans

CoreLogic: Today's fraud takes "a lot of time" to uncover
The new low down payment programs launched as a way to loosen up the credit box for first time homeowners since the credit box tightened significantly after the financial crisis.But as the credit box loosens, the risk of mortgage fraud heightens, as seen in the report. There needs to be a balance.
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Chase officially satisfies $4 billion RMBS settlement consumer-relief requirement

Completes more than one year ahead of schedule
In his ninth and final report, Joseph Smith, monitor of the JPMorgan Chase Residential Mortgage-Backed Securities Settlement, credited Chase with more than its required $4 billion of consumer relief obligation. The settlement dates all the way back to claims that Chase, Bear Stearns and Washington Mutual packaged and sold bad residential mortgage-backed securities to investors before the financial crisis.
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CFPB to credit unions: New mortgage regulations level the lending playing field

TRID is good news
After the financial crisis, the government unleashed a wave of new regulation; a move that left credit unions constantly fighting to make sure they don’t drown in the aftermath. The latest speech from CFPB Director Richard Cordray comes off as persuasive, trying to get credit unions to see all the good the rules do for them, but that's not the vibe credit unions received. Is TRID a win for credit unions?
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MBA: Mortgage applications erase previous week's gains

Fall 7.3%
Mortgage applications erased all of the previous week’s gains, falling from one week earlier. The report before this included an adjustment for the Labor Day holiday, while this week's report accounts for one of the biggest increases in a string of lackluster results.
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Labor shortages dent Lennar earnings

Hampers forecasts for rest of homebuilders
As one of the first to posts its third-quarter results, homebuilder Lennar’s tough quarter shed light on what will likely unfold for its rivals as well. The big item weighing on the builder’s earnings: Labor shortages.
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