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.
One by one, they filed into the city council chambers. They took their seats and waited their turn, and once there weren’t any seats left, they moved to the seldom-used overflow seating. When the overflow seating filled, they moved to the civic center so they could watch the meeting on a closed-circuit feed..
It’s a new world, and in this new world, data is more crucial than ever. Getting the best data possible, and then being able to interpret that data to improve performance, will be a competitive edge that no company in the mortgage finance space can do without in the current environment of volume contraction. Read More
Only seven or eight years ago, mortgage fraud was one of the top stories in the industry. It was quite common to see stories estimating losses in the millions, with some experts suggesting that these numbers were only the tip of the iceberg. Lenders and their partners scrambled to strengthen their fraud-prevention strategies. Read More