Jacob Gaffney is the Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s). At HousingWire, he began focusing his journalism on all aspects of the housing and mortgage markets.
The National Association of Realtors attempted to begin a realistic discourse on the potential impact of climate change on the real estate industry in a recent magazine article. Unfortunately, as NAR now likely realizes, realism and Facebook don’t often go together.
The average agency FICO score for banks is high at 745, compared to 713 at nonbank lending institutions. Both show FICO requirements are on the way down, but it's more pronounced at the nonbanks. Here's why.
In recent LendingLife news, loanDepot and Chase both made some big promises to loan officers. Well, loan officers were quick to email back their response to the news media; and none of the opinions were positive. Here are the 4 best opinions.
So, TIAA closed its operations center in Jacksonville, Florida, as well as two branches, laying off nearly 200 staff in the process as the company shifts its focus to digital mortgages. Loan Officers report being caught off guard by the move. Here's TIAA's response.
The sky will fall, economically speaking, on that most economists agree. Where they do differ, is when exactly they expect America’s economy to suffer two straight quarters of negative economic activity and what factors may lead up to a future recession.
According to the RE/MAX CEO, this indicates the housing market is swinging to buyers. However, with mortgage applications running low and recession talks front and center, it's unclear how many potential homebuyers will be lured into getting a mortgage.
As the video shows, during a routine inspection, a group of real estate investors set off a booby trap designed to maim or even kill any unknowing trespasser. The viral video is yet another example of the dangers that real estate agents face on the job.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.