True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

Politics & Money

New-home sales show housing ready for rescue role

Low interest rates are the driving factor, says NAHB’s chief economist

Sales of new houses in August rose to 1.001 million at a seasonally adjusted and annualized pace, the Commerce Department said on Thursday – the first time the number has broken 1 million in 14 years.

The number shows that while other sectors of the economy are soft, housing is ready to play its traditional countercyclical role of leading the way out of a recession, said Robert Dietz, chief economist of the National Association of Home Builders.

It didn’t happen last time, when the proliferation of risky subprime mortgages that were packaged into bonds ended up tanking the economy, causing home prices to fall. But it did happen in every other recession since World War II.

“Housing is the bright spot in the economy right now,” Dietz said in an interview. “It’s a total flip of where we were during the Great Recession when the economic crisis was focused on housing.”

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