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.

PIMCO says stress test smokescreen can’t hide Europe’s hard future

Have the European stress tests been a game-changer? Before the assessment, the view at PIMCO was that there was a set of criteria to use in judging the stress test. These included the question of whether the scenarios and loan loss assumptions used to stress bank balance sheets would be severe enough to make the exercise worthwhile, whether there would be plans to deal with failing banks and whether there would be sufficient information disclosure to allow the private sector to do its own tests. Looking at each of these factors in turn, the stress tests were not very credible in terms of the scenarios and assumptions. Rather, the tests look to have been designed to ensure that as few banks as possible fail (as it was, 7 out of 91). As a result, the results were not accompanied by a plan for recapitalization or consolidation, beyond what some countries had already announced. And there was no mention of potential cross-border support for banks, if needed, or how that might be achieved. For an in-depth look at the state of the European market, subscribe to receive the upcoming edition of HousingWire magazine.

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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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