Housing stocks were mostly up on what has been a solid year of recovery in housing, but traders were still not happy about Impac's decision to cut staff and physical locations to focus more on its online services.
Riding on the coattails of two very impressive third-quarter earnings reports from homebuilders, Lennar and KB Home, real estate-related stocks closed the day with positive movement on the HW 30 index.
Monday was a solid day for the HW 30 index — HousingWire’s exclusive index of stocks impacting the housing economy — which rose a modest 0.89% by market close. In comparison, the Nasdaq closed down 0.12%, while the S&P 500 was up 0.57% by the end of trading.
Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program..
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry. Read More
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB. Read More