Kelsey Ramírez is a Reporter at HousingWire. Ramírez is a recent journalism graduate of University of Texas at Arlington. Ramírez previously covered hard issues such as homelessness and domestic violence and began at HousingWire as an Editorial Assistant.
Home values increased in 2016, along with the number of homes sold throughout the year, leading to an increase of more than 18% in the total value of homes sold. The increase in sales, however, is not being replaced with new inventory as the housing shortage continues to grow.
After 30 years in the advertising and communications market, Beth McDonnell became U.S. Bank’s chief marketing officer. The bank explains why it promoted McDonnell, and why she will be a "remarkable" leader.
The United States swore in Donald Trump as its next president, and the nation looks on to see what that will mean for policy changes in the coming months. Fannie Mae updated its economic growth projection for 2017, but remains conservative in its predictions.
BB&T reported record earnings for 2016, and fourth quarter earnings significantly higher than the previous year. However, these increases were not driven by residential mortgage loans which actually decreased in the fourth quarter of 2016.
Months of investigation, and police still haven’t made an arrest in the case of Tom Niblo, a real estate agent from Abilene, Texas who was shot and killed. However, newly released information continually points to one person – someone who just made bail.
The Mortgage Bankers Association named New American Funding’s CEO as its new chairman for its political action committee. The MBA talks about why it chose him, and Rick Arvielo explains his plans for the next election cycle.
Treasury Secretary nominee sat through his confirmation hearing today as members of the Senate Finance Committee questioned him on his ability for the role. While the questions covered a wide variety of topics, senators focused the majority of their time on one subject – Mnuchin’s time at OneWest Bank.
Mortgage rates decreased for the third straight week after the sudden nine-week increase that followed the president-elect’s win in November. However, the 10-year Treasury saw an increase this week. Freddie Mac’s chief economist explains why.
December made up for some of its lost ground in November with an increase in housing starts. In fact, 2016 finished off the year as the best year for housing starts since 2007. However, the market remains in desperate need of new housing stock.
While other state and federal regulatory bodies overlap in their regulation of the mortgage industry, the very particular consumer focus of the CFPB is not duplicated by any other body. Will deregulation mean a return to the Wild West lending atmosphere that led to the financial crisis? What happens next? We asked John Socknat, partner at Ballard Spahr, to weigh in on what mortgage lenders and servicers can expect from a Trump administration.
Amid the potential new direction from the White House, Congress and regulators, leadership in our industry is more important than ever. Which is why HousingWire is proud to present the 40 winners of our 2016 Vanguard award. These leaders from all segments of the mortgage ecosphere demonstrate that our industry is more than capable of meeting the challenges that lie ahead.
The marketplace is full of hard and private money lenders — it will come down to who can best assist investors in completing their goals, whether that be by providing quicker close times, or with more accurate valuations. With how many options there are for borrowers, lenders will need to start competing for marketshare as borrowers shop their situations to multiple lenders, leveraging the offers against each other. This process will force lenders to update their guidelines, or be forced out of the market.