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  • Real EstateTechnology

    How new system will affect agents’ bottom line

    Zillow previously disclosed that it would soon bring several significant changes to its Premier Agent program “over the next several months.” Now, reports have reached HousingWire that this rollout has begun.
  • Americanflag_flying
    Real Estate

    [Infograph] Military members most likely to utilize zero-down mortgages

    NAR gives look into military homebuyer profiles

    It’s Memorial Day weekend! In memory of those who serve our country, the National Association of Realtors released an infographic which shows how the home buying preferences of service members and veterans differ from the rest of the population.
  • Fdic
    LendingPeople Movers

    Fifth Third exec Jelena McWilliams to become FDIC chair

    Former Senate staffer confirmed to replace Martin Gruenberg

    President Donald Trump’s remaking of the country’s financial regulatory system is about to take another step forward, as another of Trump’s handpicked choices is about to take over at one of the nation’s top financial regulators. On Thursday, the Senate voted to approve Jelena McWilliams to take over as the next chair of the Federal Deposit Insurance Corp.
  • Questionmark
    Lending

    Fed changes tune on raising interest rates this year

    Minutes reveal more dovish approach

    The Federal Reserve has been forecasting an average two to four interest rate hikes in 2018, however the minutes from its latest meeting reveal a more dovish approach. As the Fed raises concerns over recent trade tariffs, the chances of there being four rate hikes in 2018 falls.
  • Trump_signs_s2155_5-24-18
    Lending

    President Trump signs Dodd-Frank rollback into law

    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.
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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.