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  • Trump_signs_s2155_5-24-18

    President Trump signs Dodd-Frank rollback into law

    Lending

    Republicans hope to extend regulatory relief to small bankers

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country.
  • Lending

    Republicans hope to extend regulatory relief to small bankers

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country.
  • Digital_mortgage_ct
    InvestmentsTechnology

    Quicken Loans sister company In-House Realty acquires ForSaleByOwner.com

    This is Rock Holdings fourth fintech acquisition in under 18 months

    In-House Realty, which like Quicken Loans is a subsidiary of Rock Holdings, announced this week that it purchased ForSaleByOwner.com, a real estate site where homeowners can market their home. In-House Realty is a digital platform for matching consumers with real estate agents, and the move to acquire ForSaleByOwner.com appears to be part of a larger move to develop a one-stop shop for homebuyers and sellers.
  • Millennial_buyer-laptop
    Investments

    MBA Secondary: The industry's appetite for non-QM is growing

    In a tough market, harder loans present new opportunities

    One thing that stood out at the MBA Secondary Marketing conference this year was the growing appetite for non-QM loans. It’s a tough market, and the easy loans where borrowers neatly line up with qualified mortgage standards are harder and harder to find. That’s one reason the non-QM market is predicted to grow by 400% over the next year.
  • Governmentbuilding
    Lending

    Brian Montgomery finally confirmed as FHA commissioner

    Vote was 74 to 23

    The long-standing nomination of Brian Montgomery, President Donald Trump's pick to lead the Federal Housing Administration, is finally over. Montgomery was confirmed Wednesday as FHA commissioner by the Senate in a vote of 74 to 23. Click the headline to read more.
  • Yellow-thought-bubble
    Lending

    Podcast: Freddie Mac reveals plans to help lenders in challenging lending environment

    A look into the secondary mortgage market challenges

    At the Mortgage Bankers Association Secondary conference in New York City, I sat down with Freddie Mac to discuss the latest trends in the secondary market. To put it simply – times are tough for lenders as they face increased seasonality changes and fierce competition.
  • Digital_mortgage_secondary_5-23-18
    LendingTechnology

    Digital mortgages slash turn times of mortgages to secondary market

    The two parts of the digital mortgage

    The final day of the Mortgage Bankers Association Secondary conference in New York City ended with a panel of experts who spoke on the importance of the digital mortgage to the secondary market. Panelists explained that consumers aren’t the only ones who benefit from the digital mortgage and eClosing process.
  • Helmets
    Investments

    MBA Secondary: Can Fannie and Freddie help fix the housing shortage?

    Manufactured housing, construction products are on the agenda

    Desmond Smith, senior vice president and head of customer delivery at Fannie Mae, and Kevin Palmer, senior vice president of single-family credit risk transfer at Freddie Mac, outlined their agencies’ efforts to make the entire mortgage process simpler and easier. And that’s a good thing since the agencies facilitate the lion’s share — maybe even the elephant’s share — of the secondary mortgage market.
  • Credit_access_secondary_5-22-18
    Lending

    First-time homebuyers key to opening access to credit

    And why setting a homeownership rate goal doesn’t make sense

    Access to credit remains tight not only compared to the housing boom years but also compared to historical levels. At the Mortgage Bankers Association Secondary conference in New York City, panelists at the Access to Credit session discussed how to safely open the credit box, and what some of the current hindrances are.
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This month in
HousingWire magazine

Cover Story
May 2018

Larger than life: Casey Crawford at Movement Mortgage

He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.

Feature

How can we revive the private label MBS market?

Brent Nyitray
Brent Nyitray
 InvestmentsLending
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.

Commentary

The mortgage industry's digital future

Mark Wai
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind?  Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.