During its weekly sales meeting Wednesday, United Wholesale Mortgage President and CEO Mat Ishbia announced the end of its 1% down mortgage program. Ishbia said that while he is proud of the work the program accomplished, it needed to come to an end. Click the headline to read more.
Home » REO Expo Video Update: Rebuilding Together Silent Auction
REO Expo Video Update: Rebuilding Together Silent Auction
A common theme emerged during HousingWire's 2011 REO Expo: the need to sustain the value of homeownership by breathing new life into at-risk neighborhoods.
Rebuilding Together, a nonprofit that provides free rehabilitation and repair services for low-income families, continues to pursue the goal of helping families maintain their properties in times of financial stress.
Rebuilding Together partnered with REO Expo to raise funds for homeowner-assistance initiatives through a silent auction at the event in Fort Worth this week. The auction drew large crowds Tuesday afternoon as the bidding activity reached a frenzied pace.
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.
The appraisal industry is in the midst of huge disruption as automated valuation models and hybrid appraisal products gain favor with regulators and investors. What does the future hold for appraisers and appraisal companies as they adjust to the new realities of automation?
As Millennials grapple with paying off student loans, their opportunity to buy a home gets pushed further and further into the future. That delay has consequences far beyond individual students — the growing student debt crisis impacts every part of the economy.
There has been a conscious and rapid shift to broaden the use of alternative valuation products for origination. Not every decision needs a $500, full-blown 1004 interior appraisal. And in some markets where appraisers are short in number, the turn times can stretch from days to weeks. What these new alternative — some would say disruptive — valuation products do is enable lenders and servicers to better match the product to the risk by harnessing big data and technology.