Exclusive: Senate Democrats call on FHFA to undo changes to new Uniform Residential Loan Application

Oct 17, 2019By

A group of nearly 20 top Senate Democrats, including five who are currently running for president, want the FHFA to undo a set of recently proposed changes to the new Uniform Residential Loan Application, claiming the changes could reduce access to credit for mortgage borrowers who are already underserved.

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September’s home sales nearly hit 3-year high

In September, America’s home sales climbed 8.1%, representing the largest year-over-year increase since 2016, according to the RE/MAX National Housing Report. Once again, buyer demand outpaced home sales, resulting in the largest inventory decline in over a year.

2 hours ago

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Freddie Mac: Mortgage rates reverse course from last week’s low

This week, the average U.S. fixed rate for a 30-year mortgage jumped to 3.69%. That’s still more than a percentage point lower than the 4.85% of the year-earlier week.

1 day ago

Mortgage

Cheap rates will push 2019 mortgage volume past $2 trillion, Fannie Mae says

Oct 17, 2019By

Fannie Mae boosted its mortgage origination forecast past $2 trillion. The new estimate is just a few billion dollars shy of the $2.05 trillion lent in 2016, and if next month’s forecast sees an increase of just 0.7%, it would make it the best year since 2007.

Real Estate

September’s home sales nearly hit 3-year high

Oct 18, 2019By

In September, America’s home sales climbed 8.1%, representing the largest year-over-year increase since 2016, according to the RE/MAX National Housing Report. Once again, buyer demand outpaced home sales, resulting in the largest inventory decline in over a year.

Fintech

Airbnb doubles its loss in Q1

Oct 18, 2019By

Short-term rental site Airbnb doubled down on its loss from the first quarter of 2018 in the first quarter of 2019, but it the company appears more ready for growth than ever. Why? Because the loss is due to an increase in marketing spending.

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Radian’s diversified business model covers the entire mortgage and real estate spectrum

Oct 16, 2019By

HousingWire sat down with Derek Brummer, Senior Executive Vice President of Mortgage Insurance and Risk Services at Radian, to learn how Radian’s business models and diversification strategies provide the company with a competitive edge. What differentiates Radian from the MI competition?  At Radian, we’re in the business of ensuring the American dream responsibly and sustainably, […]

Pulse

October Kudos: Celebrating milestones, launches and awards in the mortgage industry Oct 01, 2019By

GIVING BACK National Association of Realtors partners with Food Recovery Network In an effort to help combat hunger, the National Association of Realtors will begin donating surplus food from its events and meetings to those in need. Working in partnership with the Food Recovery Network, a college student-led hunger nonprofit organization. NAR recently asked all […]

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