Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

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

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

OneWest buys $1.4 billion CMBS portfolio from Citibank

OneWest Bank purchased a $1.4 billion multifamily and commercial real estate loan portfolio from Citibank Thursday, as it expands its CRE lending business. “This portfolio purchase represents our ongoing commitment to commercial real estate lending,” said Joseph Otting, president and chief executive of  OneWest. “We are excited to add quality earning assets to our balance sheet and look forward to providing all of the banking services that OneWest has to offer to our new customers.” The portfolio includes about 600 loans. The terms of the deal weren’t disclosed. OneWest is privately held retail banking firm based in Pasadena, Calif. Citibank is a unit of Citigroup (C), which earned $2.15 billion, or 7 cents a share, for the third quarter. Write to Christine Ricciardi. Disclosure: The author holds no relevant investments.

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The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

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

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