Ben Lane

Ben Lane

Ben Lane is the Managing Editor of HousingWire. In this role, he leads the editorial team, helps set the pace for news coverage spanning the issues driving the U.S. housing economy and helps guide HousingWire's overall direction. Previously, he worked for TownSquareBuzz, a hyper-local news service. He is a graduate of University of North Texas.

ARTICLES

  • Calabria pours more cold water on eminent Fannie Mae, Freddie Mac reform

    Tells Reuters that he hopes to have GSEs out of conservatorship by 2024
    Recent reporting by Bloomberg suggested that the Trump administration may be wavering on pursuing widespread reforms of Fannie Mae and Freddie Mac in advance of the 2020 election due to the potential economic impact of those reforms on voters. Now, Federal Housing Finance Agency Director Mark Calabria now says it’s possible that the GSEs may remain in conservatorship until 2024, at least.
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  • State Farm, Quicken Loans announce massive mortgage partnership

    State Farm agents who are licensed LOs will be able to originate Quicken mortgages
    For years, State Farm agents could offer mortgages to their customers through State Farm Bank, the company’s banking arm that offers home loans, auto loans, checking accounts, savings accounts, credit cards and other traditional banking services to State Farm customers. But that won’t be the case for much longer. Soon, State Farm will begin using Quicken Loans to originate mortgages for its customers thanks to a significant new partnership between the two companies.
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  • Nomura to pay $25 million for mortgage bond traders' lies to customers

    SEC claims Nomura traders misled bond buyers and sellers
    Nomura Securities International will pay a fine of $25 million after the Securities and Exchange Commission accused several of the company’s former mortgage bond traders of lying to customers about the nature of the trades. According to the SEC, several Nomura RMBS and CMBS traders made “false and misleading statements” to customers while negotiating the sales of those bonds.
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  • Opendoor and Redfin join forces to begin buying houses in Phoenix and Atlanta

    Opendoor will being buying houses via Redfin’s platform
    In what may seem like a surprising partnership between two would-be competitors in the burgeoning iBuyer market, Opendoor and Redfin are joining forces to buy homes in Phoenix and Atlanta. The companies announced this week that homeowners in those two cities will now be able to request a direct offer for their home from Opendoor through Redfin’s website and mobile apps.
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  • Trump administration reportedly souring on sweeping Fannie, Freddie reform prior to 2020 election

    Bloomberg: Trump admin is concerned about political fallout of GSE reform
    Despite momentum towards actually ending the conservatorship of Fannie Mae and Freddie Mac seemingly growing by the day, the Trump administration is reportedly concerned about the impact of widespread housing finance reform in advance of the 2020 election. And because of that concern, the administration may be considering holding off on significant reforms to the GSEs for at least another 18 months.
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  • CrossCountry Mortgage expands by acquiring bemortgage and PERL Mortgage

    Lending companies will operate under CrossCountry umbrella
    CrossCountry Mortgage, a mortgage lender based in Ohio, is expanding its operations, announcing this week that it has acquired both bemortgage and PERL Mortgage. bemortgage launched in 2017 as a division of Bridgeview Bank Group, but the company moved last year to become a division of CrossCountry Mortgage. CrossCountry acquired PERL Mortgage more recently, closing on the deal in March 2019.
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  • Goldman Sachs all but guarantees the Federal Reserve is about to cut interest rates

    Analysts say there's a 90% chance of a rate cut
    Analysts from Goldman Sachs told clients this week that it’s basically a done deal that the Federal Reserve will cut its benchmark interest rate later this month. In the report, the Goldman Sachs analysts say that there’s a 90% chance of a rate cut coming out of the next meeting of the Federal Open Market Committee, which is set for July 30-31.
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  • HomeLight acquires digital mortgage startup Eave, expands into mortgage lending

    HomeLight will begin lending in 6 states
    HomeLight, an online real estate platform that uses data and technology to connect home sellers with buyers and real estate agents, is getting into the mortgage business, following in the path blazed by companies like Zillow, Redfin, and Opendoor. The company announced Wednesday that it has acquired Eave, a digital mortgage lending startup that launched last year.
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