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.

ARTICLES

Home shoppers! Here are 6 tips to help save for your new home

In recognition of American Housing Month
Approximately 52% of Americans plan to buy a home in the next five years, leaving 1,825 days to save anywhere from a 3% to 20% down payment. So you better start saving now! In recognition of American Housing Month, the American Bankers Association Foundation highlighted six tips to help consumers cut costs and start saving.
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Appraisal volume remains stubborn despite low interest rates

Brexit impact not yet felt on housing market
Appraisal volume doesn’t appear to be budging for anything. Volume continued to trudge along at a very low volume for the majority of spring and now into summer. According to Kevin Golden, director of analytics with a la mode, it's not the potential low rates from Brexit that will impact housing.
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Guaranteed Rate offers 1% down mortgage program through homebuyer grant with Chicago

No first-time homebuyer requirement
Low down payment mortgage programs have made quite the entrance in to the market as of late. Quicken Loans revealed the details of what went factors made up its 1% down, and now Guaranteed Rate revealed a new 1% down program. This program, however, is significantly different, as Kasey Marty, executive vice president of secondary marketing with Guaranteed Rate, explains.
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Consumer sentiment down even before Brexit news

Drops in June
Just hours after the news that British voters decided to leave the European Union, the U.S. released its monthly consumer sentiment report for June, revealing that consumers already had a slightly dimmer view of the economy before the Brexit news.
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[Factsheet] How much $$$ do mortgage banks make?

An overview of the past two years
Mortgage brokers eagerly welcomed a bigger paycheck at the start of this year after the end of 2015 significantly shorted the income of many in the business. To show exactly how mortgage banker profit has changed, this week's factsheet shows mortgage banker profit over the course of the past two years, using data from the Mortgage Bankers Association’s Quarterly Performance Report.
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Are 3% down mortgages the new normal?

Young borrowers embrace opportunity to put less down
In a recent interview with HousingWire, Mat Ishbia, CEO of United Wholesale Mortgage, explained why low down payment mortgages are growing in popularity, especially among Millennial buyers. Are 3% down mortgages going to be the new normal?
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United Wholesale Mortgage CEO on the return of the mortgage broker

What happened to lending after the financial crisis?
After the financial crisis, mortgage brokers took a major hit, vacating their individual businesses and fleeing to the security of working for a bigger company. Eight years since the crisis. Eight years filled with new regulations and even new regulators, revitalizing the appeal of becoming a broker. Mat Ishbia, CEO of United Wholesale Mortgage, explains in an interview with HousingWire, how brokers are once again gaining ground.
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