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.
Bank of America’s latest Homebuyer Insights Report reveals that Millennials are now prioritizing homeownership above other life milestones, including marriage and having children. But that doesn't mean the bank's CEO is in a rush to give them a mortgage.
In 2018 the Ellie Mae Community Pro-Am brought together sponsors from across the mortgage banking industry, including Teraverde Financial, PrimeLending and Pulte Mortgage. The event raised $40,000 for its beneficiary, The MBA Opens Doors Foundation.
Many large lenders usually have friendlier deals for their more affluent and loyal customers. Lenders will often shave some points off the interest rates when lending to millionaires, for example. So what do regulators say Citi got so wrong?
The Marcus unit has grown quickly – lending more than $4 billion in under two years – prompting questions from analysts and investors on how the portfolio will perform in a downturn when more consumers have trouble paying off debt.
When a CEO becomes known for spreading the message of love to his coworkers and clients, it can be hard then to turn around and announce a round of layoffs. But that’s just what Casey Crawford did to his staff this morning, in a very impassioned way. And we have it all on video, first only on HousingWire.
Undisclosed debt or new debt obtained by an applicant could negatively impact debt-to-income ratios and could affect an applicant’s loan qualification. But should a lender step in to prevent additional debt? MQMR provides an answer.
The first thing you notice about New American Funding's Rick and Patty Arvielo is how much they like each other. That might seem like a foregone conclusion when you meet a married couple, but when that couple also runs an incredibly successful business together, I imagine it could get complicated. Read on to find out more about how this successful couple manages their life, and business, together.
For the first time since 1981, our industry is experiencing a rising interest rate environment. Some people may assume that the current market shift means their business will take a downward turn from which they will never recover. I don’t buy it. The way I see it, challenging times force us to refine our processes and practices.