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.
The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
HomeReady, Fannie Mae's affordable lending product, hit the market nearly one year ago. Since its launch, the program continues to evolve with enhancements that expand access to credit and promote homeownership. Here are the key changes from this announcement.
Mortgage applications tumbled in the latest report from the Mortgage Bankers Association, falling back down as if Brexit never happened. But this shouldn't be a shocker. Looking back at the past several application reports reveals a different story.
Jacksonville, Florida-based EverBank revealed in its second-quarter earnings that it's in advanced talks to be acquired. The company stopped short of offering too many details, but here is what we do know.
Even though the mortgage industry is finally stepping up and answering the call for more technology innovation in the space, a new survey from Fannie Mae on the pulse of the industry shows it's not even close to getting to where it should be. But the motivation is definitely there. Here's looking at you, TRID.
Appraisal volume, while small, still increased for the week of July 17, as the impact from Brexit continues to filter through the systems. However, according to Kevin Golden, director of analytics with a la mode, the impact won't last much longer.
As technology grows in the housing industry, so does the need for real estate agents, with the two working in conjunction rather than against each other, Chris Heller, CEO of Keller Williams, explained in an interview with HousingWire. Here's Keller Williams' view of today's real estate agent.
After much talk, and even controversy, surrounding HUD Secretary Julián Castro’s possible nomination to become Hillary Clinton’s vice president, there was a lot more going on behind the scenes, preventing him from locking in the bid. In an interview with The Washington Post’s Dan Balz, Castro explains what happened in the days leading up to Clinton's major vice president reveal.
United Wholesale Mortgage goes to great lengths to create a fun, but also driven, work environment at its headquarters. In what may be one of the best examples of UWM’s dedication to its employees, the company’s answer to getting through the day goes a little off track. But according to the CEO, it works.
“The industry is satisfied with the status quo but it isn’t working and we desperately need to find ways to enable Americans to become homeowners," Pam Patenaude said. "We are the only group that can bring bipartisan efforts together that represent every segment of the housing industry.”
Nontraditional income earners are becoming increasingly mainstream, particularly among Millennials, who, compared to their parents and grandparents, move from job to job a lot more, are more likely to be independent contractors and may lack a solid credit profile.
Managing internal communications and preventing employees from destroying privilege, which can happen simply by including individuals outside the company on communications that are privileged, is one of the most critical aspects of litigation management.