Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Mortgage

Private mortgage insurance helping the return of jumbo loans

Insurers rush in to meet the demand

Jumbo originations are at their highest level since 2007, and private mortgage insurance is on the rise.

With home values still rising, lenders are starting to loosen mortgage requirements and open themselves up to more private jumbo loans. Insurers are following along.  

Jumbo loans are those greater than $417,000 in less expensive markets and greater than $625,500 in high-cost markets. Consequently, insurers are lowering costs and increasing the size of mortgages they will cover.

Genworth Mortgage Insurance raised the maximum mortgage amount it will cover to $850,000 in October, up from $625,500. In December, Mortgage Guaranty Insurance Corp. (its parent is MGIC Investment CorpMTG), followed suit and raised its own cap to $850,000, from $750,000.

Both companies said they will look at even bigger mortgages on an individual basis.

United Guaranty, a subsidiary of AIG, which already insures mortgages up to $850,000, offered a limited program for loans of up to $1 million. Radian Group (RDN) is considering breaching the $850,000 watermark.

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Are we back to a normal housing market?

Favorable demographics should keep the housing market ticking. But watch for home prices escalating out of control and rates moving up sharply, writes columnist Logan Mohtashami. HW+ Premium Content

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3d rendering of a row of luxury townhouses along a street

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