HousingWire recently opened up the nomination period for a new program at HousingWire called the HW TECH25™. Firms making the cut will have earned the right to be called the most innovative software companies in today's housing economy. Read on to get details on the application process and key deadlines.
Over the past six months, private real estate funds looking to acquire assets, raised up to $39 billion, an increase of 56% from $25 billion in the same six-month period last year, according to analysis from Preqin.
Home values and housing activity picked up across Southern communities, benefiting community banks in the region. But these trends are in large part due to the area's vibrant oil and gas industry and other economic indicators, the Office of the Comptroller of the Currency claimed in a new report.
Mortgage origination technology provider Ellie Mae [stock ELLI][/stock] exited the quiet period surrounding its recent initial public offering. And the chief strategy officer has a lot to say.
At first, Ellie Mae lowered pricing expectations. Then, on its first day of trading, the price soared. The stock hasn't moved much since, to be fair.
Some data released Wednesday by First American CoreLogic has raised hopes among some in the industry that the recent freefall in national housing prices may possibly be nearing some sort of end. The company, which tracks home prices across 7,544 ZIP codes, 958 core-based statistical areas and 677 counties located in all 50 states and the District of Columbia, said Wednesday that the annualized rate of home price declines in the U.S.
Plano-based Optimal Blue, a product and pricing engine tech provider for mortgage originators, said Thursday that it had created a joint venture with Denver-based Secondary Interactive, a pipeline risk management provider. The two companies say that their venture marks the "first time a vendor has coupled best efforts and mandatory functionality."
Any loan officer can tell you that originating loans in today's market can be a whipsaw -- depending on the hour of day, rates can be different, and one minute a program's available, while the next minute it's being pulled off the market.
While market volatility looks to be part of the industry for much of the forseeable future, NYLX's latest update to to its LoanDecisions PPE (product and pricing engine) platform attempts to tackle the problem by providing users with real-time updates covering changes in investor guidelines, pricing shifts and lock status reporting.
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More