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.


The cyclical nature of the mortgage industry

Here’s what 2020 taught us


The ability to look past the now and develop strategies that poise an organization for future success is key to any leadership position in almost any business. It’s true for the mortgage industry and especially the long-term strategies we’ve developed to react to the current low-rate environment brought on by a global pandemic.

One of the most fascinating factors that drove rates lower was the decoupling of duration and swap spreads for mortgage- backed securities, which, ironically, analysts expected to be short-lived in 2020. This rally caused rates to drop which lured millions of homeowners to refinance their current home loans throughout 2020, leading to unprecedented loan volume for the entire mortgage industry.

While much of the mortgage industry fixated on low mortgage rates the past year, it’s important to understand the anatomy of what drives rates. In the U.S., the federal funds rate refers to the rate that banks can charge other banks for lending excess cash from their reserve balances on an overnight basis. This rate can influence short-term rates on mortgages and credit cards in addition to impacting the stock market. This rate is also set by the Federal Open Market Committee.

While they can’t mandate a particular rate across the board, the Federal Reserve can adjust the money supply so that interest rates will move toward the target rate — when they increase the amount of money in the system, rates fall, when they decrease the amount of money, rates rise. This rate is set eight times a year based on economic conditions.

Over the last year, Fed Chair Jerome Powell consistently pledged that the Fed would continue to buy mortgage-backed securities to stabilize the American economy, which increased the amount of money in the Federal Reserve System and drove rates lower.

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