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  • Amazon

    New York, Virginia taxpayers to cough up $3.4 billion for Amazon HQ2

    Real Estate

    But will economic boost be worth it?

    Earlier this week, Amazon announced its second headquarters, HQ2, will be split between New York City and Arlington, Virginia, a move that will cost local taxpayers about $3.4 billion. But will the boost it brings to the economies be worth it? Here’s what the experts are saying.
  • Real Estate

    But will economic boost be worth it?

    Earlier this week, Amazon announced its second headquarters, HQ2, will be split between New York City and Arlington, Virginia, a move that will cost local taxpayers about $3.4 billion. But will the boost it brings to the economies be worth it? Here’s what the experts are saying.
  • Online-mortgage
    InvestmentsLendingReal EstateTechnology

    Quicken Loans parent company Rock Holdings just bought Dictionary.com (really)

    Continues acquisition streak for Rock Holdings

    Rock Holdings, the parent company of Quicken Loans, is getting into the dictionary and thesaurus business. Literally. Rock Holdings announced this week that it acquired Dictionary.com and Thesaurus.com, websites that boast approximately 540 million pageviews per month. But why, one might ask? Read on.
  • Airbnb
    Real EstateHomeownersTechnologyMultifamilyRentWire

    Airbnb takes Boston to court over city’s “draconian” short-term rental rules

    Argues city’s laws violate Constitution, federal and state laws

    The city of Boston has new rules surrounding short-term rentals that are set to go into effect on Jan. 1, 2019. According to Airbnb, Boston’s short-term rental rules violate the Constitution, multiple federal laws, and Massachusetts state law. Airbnb also claims the city's rules threaten short-term rental sites with “draconian” punishments should they violate the city’s rules.
  • Wellsfargobankphoto
    LendingServicing

    Wells Fargo eliminating 900 mortgage jobs

    Cutting approximately 1,000 positions overall

    A few months ago, Wells Fargo revealed that it is planning to cut as many as 26,500 of its employees over the next few years as the bank works to reorganize itself amid the shifting landscape surrounding the financial services industry. And now, the first of those cuts are hitting home, right in the mortgage division.
  • Light-in-clouds
    LendingReverseReview

    FHA: No PLF changes for reverse mortgages

    Report reveals HECM’s drain, but FHA says it’s moving in the right direction

    The Federal Housing Administration released its 2018 Report to Congress on Thursday, revealing that the HECM program continues to be a drain on its flagship Mutual Mortgage Insurance Fund to the tune of $13.63 billion in the last fiscal year. But FHA Commissioner Brian Montgomery said the program is benefiting from policy changes made last year, and that the agency remains "optimistic that the quality of the book will continue to improve."
  • Us-capitol
    LendingReal EstateMultifamilyRentWire

    Prominent senators begin bipartisan push to expand Fair Housing Act

    Sens. Kaine and Hatch unveil bill to protect low-income families from housing discrimination

    This week, Sens. Tim Kaine, D-Virginia, and Orrin Hatch, R-Utah, introduced the "Fair Housing Improvement Act of 2018," which would prohibit housing discrimination based on source of income or veteran status.
  • Hud-building
    LendingValuationsReverseReview

    FHA will not cut mortgage insurance premiums

    Actuarial report reveals insurance fund is in good health, but Montgomery says premiums will stand

    The Federal Housing Administration released details on the health of its flagship Mutual Mortgage Insurance Fund on Thursday, revealing a positive economic net worth of $34.86 billion and an acceptable ratio of capital reserves at 2.76%. The numbers are markedly better than last year, but FHA Commissioner Brian Montgomery said that doesn’t mean the agency will be reducing mortgage insurance premiums any time soon.
  • Apartment-windows
    InvestmentsReal EstateTechnologyIn the MoneyMultifamilyRentWire

    Top multifamily operators band together, plan massive investment in real estate tech

    Launch venture capital fund with $108 million in the bank

    Five major multifamily real estate investment trusts, Aimco, Boardwalk, Essex Property Trust, MAA, and UDR, are partnering with private owners Starwood Capital Group, Cortland, and GID to invest more than $100 million in a venture capital fund, which will be used to invest in “disruptive real estate technology companies” in the multifamily industry.
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This month in
HousingWire magazine

Cover Story
October/November 2018

Dream Team: How the Arvielos are leading New American Funding to record growth

The first thing you notice about New American Funding's Rick and Patty Arvielo is how much they like each other. That might seem like a foregone conclusion when you meet a married couple, but when that couple also runs an incredibly successful business together, I imagine it could get complicated. Read on to find out more about how this successful couple manages their life, and business, together.

Commentary

How can we thrive during challenging times?

Casey Cunningham
Casey Cunningham
 Lending
For the first time since 1981, our industry is experiencing a rising interest rate environment. Some people may assume that the current market shift means their business will take a downward turn from which they will never recover. I don’t buy it. The way I see it, challenging times force us to refine our processes and practices.