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  • Frozen_money

    Consumers can now freeze their credit for free

    LendingReal EstateServicingHomeowners

    Credit reporting agencies can no longer charge for credit freezes

    It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
  • LendingReal EstateServicingHomeowners

    Credit reporting agencies can no longer charge for credit freezes

    It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
  • Washington
    Real EstateMultifamily

    Apartment List: Housing legislation can't make it through Congress

    Out of 10,222 bills introduced so far this term, only 115 had to do with housing

    Out of the 10,222 bills introduced so far in the 115th Congress, only 115 of those had to do with housing and of those 115, not a one made it to the Oval Office. According to a report from Apartment List, despite growing national concern regarding the housing affordability crisis, what few potential solutions are being put forth, can’t make through Congress because they are not a priority.
  • Wellsfargo_close-up
    InvestmentsLendingServicing

    Wells Fargo expects to cut as many as 26,500 jobs in the next 3 years

    Company reveals planned headcount reduction of between 5%-10%

    It’s been a rough few years for Wells Fargo and the next few years won’t be much better, for as many as 26,500 of the bank’s employees. That’s because the bank announced Thursday that it expects to see a reduction in headcount of as much as 10% of the company’s workforce in the next three years. The company currently has approximately 265,000 employees, meaning as many as 26,500 could be out of a job by 2021.
  • Meetingroom
    LendingReal Estate

    HousingJobs: Why the job market for loan officers is promising

    The numbers show a rewarding career as a LO

    Job hunting can be frustrating. At HousingWire, we want to make the process easier for job seekers in the industry. Our new service, HousingJobs, lists the latest gigs in the housing industry for loan officers, underwriters, processors, loan servicers, and tech and marketing pros. Check out this monthly blog for the latest job postings along with some industry insight.
  • Fanniemaeresized1
    InvestmentsLendingPeople MoversTechnology

    Cryptocurrency exchange Coinbase nabs top Fannie Mae exec Brian Brooks

    Fannie Mae general counsel leaving after 4 years

    Once rumored to be on the Trump administration’s shortlist to lead the CFPB, top Fannie Mae executive Brian Brooks is set to leave the federal government behind for the cryptocurrency industry. Brooks, who has served as Fannie Mae’s executive vice president, general counsel, and corporate secretary for almost four years, is stepping down from that position Friday to become the chief legal officer of Coinbase, one of the world’s largest digital currency exchanges.
  • Ask-the-underwriter
    LendingLendingLife

    Ask the Underwriter: Why is HUD privately discouraging lenders from making FHA loans to DACA borrowers?

    And why is HUD refusing to publicly address the policy?

    [Expert commentary] Is HUD the latest example of the Trump Administration quietly using government agencies, such as the FHA, to discourage immigrants from pursuing the American Dream of homeownership?
  • Money_house_equity
    Real EstateHomeownersReverseReview

    Average homeowner gained $16,000 in home equity in 1 year

    Report shows equity continued its climb in Q2

    As the economy strengthens, home values continue to appreciate, and that means homeowners are raking in the equity. A report released Thursday by CoreLogic showed that home equity rose 12.3% year over year in the second quarter of 2018, meaning that the average homeowner saw their equity increase by $16,153 in one year’s time.
  • Yellow-thought-bubble
    LendingTechnology

    [LISTEN] SimpleNexus in the Winner's Circle

    How the company is making loan officers' lives easier

    SimpleNexus recently secured a multimillion dollar investment and Miller discusses how that money is fueling the expansion efforts at the firm, and making life easier for loan officers. In this edition of In The Winner's Circle, Editor-in-Chief Jacob Gaffney sits down with Ben Miller, SimpleNexus president and COO and asks him why LOs should invest their time and money in his product.
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This month in
HousingWire magazine

Cover Story
September 2018

Back on track: How Tim Mayopoulos fixed Fannie Mae

When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.

Feature

HW Insiders 2018

HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.

Commentary

Better serving the Hispanic mortgage market

Steven Lujan
Steven Lujan
 LendingServicing
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.