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  • Lending

    Quicken CEO: "We will expose their shady schemes"

    In a recent exchange of emails with HousingWire, Quicken Loans defended its business practices, saying more than 25 C2 Financial LOs were left upset and confused by the latest development, while also accusing AIME members of trying to undermine its operations, namely United Wholesale Mortgage. Read through and judge for yourself.
  • House-money-chalkboard
    InvestmentsLendingServicing

    Fannie Mae rolling out new process to streamline mortgage insurance claims

    Unveils “MI Factor”

    The process of filing a mortgage insurance claim is about to get a lot easier thanks to with Fannie Mae, as the government-sponsored enterprise announced Wednesday that it is rolling out a new “streamlined” MI claims procedure with help from several of the largest MI providers.
  • Regtech-report-1010x600
    LendingTechnology

    [LISTEN] Regtech Report, Episode 1: How do you define regtech?

    Regtech defined with Craig Focardi, senior banking analyst at Celent

    While regtech is a relatively new concept in the mortgage industry, it has already gained a great deal of traction in other parts of banking and financial services. Craig Focardi, a senior banking analyst at Celent, talks with HousingWire about what makes regtech different from mortgage tech and how you shouldn't be afraid to make the leap into adopting new technologies.
  • House_construction_sunlight
    Real Estate

    Home remodeling surges 30% in 5 years

    Housing construction leveling off?

    Home remodeling continues to increase in frequency as more Baby Boomers are electing to age in place and even Gen Xers opt to improve their current homes rather than trading up to newer ones. In fact, home remodeling has surged by about 30% in the past five years, according to the latest report from BuildFax.
  • Apartments
    InvestmentsHomeownersMultifamily

    Follow the money: Inside an emerging trend that could bring relief to home prices

    Shift to commercial investment could be solution to tension in single-family housing

    Home prices have been appreciating rapidly as the housing shortage and other economic factors keep upward pressure on the median price point in the U.S. The trend looks nigh invincible as a strong economy and rising interest rates cement it into place. But, what if there was a developing trend that could ease that pressure?
  • Money
    InvestmentsLending

    RBS to pay $4.9 billion in DOJ settlement over mortgage bond misconduct

    Settlement covers bank’s mortgage bond activities from 2005 to 2008

    The Royal Bank of Scotland will pay nearly $5 billion in a settlement with the Department of Justice over claims that RBS misled investors in the underwriting and issuing of residential mortgage-backed securities from 2005 through 2008.
  • House_key_home
    Lending

    First-time homebuyers dominate mortgage market

    Continue to outnumber repeat buyers

    First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market. This is nothing new, as first-time homebuyers have dominated the mortgage market for the past 10 years, but the latest data from the Urban Institute shows that gap actually continues to grow.
  • Technology-computers-data-internet
    LendingReal Estate

    Cory Treffiletti, CMO of Voicera, to speak at engage.marketing

    Marketing expert will talk about the Next Big Thing: voice, virtual reality and augmented reality

    I love shiny new technology — we all do! But beyond the cool factor, evaluating which new technology your company needs to embrace for marketing can feel like reading tea leaves. That’s why I’m so excited about the panel on The Next Big Thing at our engage.marketing event. We’ve invited Cory Treffiletti, the chief marketing officer of Voicera, to give us the inside scoop on virtual reality, augmented reality and voice, among other promising new technologies.
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This month in
HousingWire magazine

Cover Story
August 2018

Women of Influence 2018

Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.

Feature

The Path to Equality

Jacob Gaffney
Jacob Gaffney
The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?

Commentary

Outside the classroom

Marshall Gayden
Marshall Gayden
 Lending
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.