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  • InvestmentsLendingReal EstateIn the Money

    Hardwick accused of taking $26 million from now-bankrupt law firm’s accounts

    Nathan (Nat) Hardwick, the former chief executive officer of LandCastle Title and former managing partner of Morris Hardwick Schneider, was found guilty late last week of embezzling more than $25 million from his former companies, bringing an end to a massive scandal that destroyed a prominent real estate firm and left hundreds of people without a job.
  • Fancy-board-room
    People MoversReal Estate

    Zillow's Amy Bohutinsky to step down from COO role, joins board of directors

    Shakeup sees Jennifer Rock change roles and Aimee Johnson join company from Starbucks

    Zillow announced that one of its longtime team members, Chief Operating Officer Amy Bohutinsky, will be stepping down from her role at the end of the year and has been selected to join the company’s board of directors.
  • Money
    InvestmentsLending

    Nomura paying $480 million in settlement over pre-crisis mortgage bonds

    Accused of misleading RMBS investors, including Fannie Mae and Freddie Mac

    Nomura Holding America and several of its affiliates will pay $480 million in a settlement with the Department of Justice over the companies’ mortgage bond activities in the run-up to the financial crisis. The DOJ claimed that Nomura misled investors, which included university endowments, retirement funds, federally insured financial institutions, Fannie Mae, and Freddie Mac, about the quality of the underlying loans between 2006 and 2007.
  • Hud-podcast-epubs-display
    LendingReal EstateMultifamily

    6 Questions with 6 HUD Executives, Ep. 5: Assistant Secretary Anna Maria Farias

    Farias talks about her motivations, taking down corruption and the real reason HUD went after Facebook

    Anna Maria Farias shares a special bond with Department of Housing and Urban Development Secretary Ben Carson. Farias also grew up in public housing. She, like Carson, fought hard to achieve a greatness unparalleled. Farias was the child of a single parent who struggled to make ends meet, and she witnessed first-hand the discrimination and harassment her mother faced daily.
  • Apartment-for-rent
    Real EstateTechnologyMultifamily

    RealPage to pay $3 million to settle FTC allegations of faulty tenant screenings

    FTC claims RealPage screenings could have returned incorrect criminal records

    RealPage will pay $3 million in a settlement with the Federal Trade Commission, which accused the real estate tech and data company of providing landlords and property managers with faulty tenant screening results over a five-year period. According to the FTC, RealPage’s screening reports could have shown incorrect criminal records for a prospective tenant because of the company’s limited filtering system on its screenings.
  • Davis_mba_display
    Lending

    Women are not represented well in media, Geena Davis tells MBA Annual audience

    "Women and girls are half the population. Imagine how our world would be if we didn't discriminate against women like this."

    Academy Award-winning actress Geena Davis delivered a hard truth for women during an address to the Mortgage Bankers Association's Annual convention on Tuesday: Women are not represented well in media.
  • House_key_digital
    LendingSponsored Content

    Genworth reaches first-time homebuyers with unique borrower programs

    Home Suite Home protects borrowers from unexpected, non-recurring homeownership costs

    Now that first-time homebuyers are ready to buy a home, how can you prove you’re the right lending partner for them? Genworth offers innovative products designed to let our lending partners help their borrowers with exclusive programs like our First-Time Homebuyer Suite, Homebuyer Privileges, Homebuyer Education, Homeowner Assistance Program, and Home Suite Home.
  • Digital_mortgage_ct
    LendingReal EstateHomeownersTechnology

    Wells Fargo, Bank of America reveal true impact of digital mortgages

    BofA expects 50% of applications to be digital by 2019

    Both Wells Fargo and Bank of America rolled out digital mortgage applications this year, and the megabanks revealed Tuesday just how much the programs are already being utilized by mortgage applicants. Hint: A lot. Click the headline to find out just how many.
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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.