Alcynna Lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North Texas. She previously interned with a broadcast position at CBS and has a background in freelance journalism.
News Corp, parent company of Move and operator for Realtor.com, recently announced that Tracey Fellows has been appointed as the president of global digital real estate. Beginning in January 2019, Fellows will be based at News Corp’s New York headquarters, dividing her time among the company’s digital real estate assets.
In October, home-sale prices climbed 4.5%, however the percentage of listings that experienced a price drop of more than 1% reached an 8-year high, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said home sellers are realizing buyer demand isn’t what it used to be and are lowering their prices.
LoanScorecard announced it launched a new solution designed to provide loan-level analyses for current expected credit loss provisioning reserves. The company explained SimpleCECL will replace the current “incurred loss” model and goes into effect in 2020 for SEC-filing institutions and 2021 for all other financial institutions.
Cloudvirga announced that Jesse Decker has joined the company as its chief customer success officer. Decker comes to the company with more than two decades of experience overseeing enterprise technology transformations and customer success programs.
Natural disasters have been extremely tumultuous for many homeowners across the country, navigating a year full of hurricanes, fires and tornadoes. In response to these threats, Fannie Mae has now teamed up with Clearpoint Credit Counseling Solutions to expand its current relief options for homeowners.
Mortgage rates held steady this week, moderately increasing, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite recent market volatility, mortgage rates remained steady this week.
Figure Technologies, led by former SoFi Founder and CEO Mike Cagney, just launched a sale lease-back product to give homeowners another way to access their home equity. The company said the Figure Home Advantage, which it calls an alternative to reverse mortgages, is ideal for those looking to bolster finances in retirement.
Amid inventory and affordability concerns, homeowners are increasingly turning to home renovations to meet their housing needs. While several lenders offer renovation mortgages, the U.S. Department of Housing and Urban Development has revealed that Homebridge Financial Services leads the pack for the second consecutive year.
Hippo Insurance recently announced it raised $70 million in growth funding, bringing the company's total amount of capital raised to $109 million. The California-based company has managed to grow sales 30% month over month, grabbing the attention of some serious heavy hitters.
Mortgage applications fell 3.2% for the week ending November 9, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Director of Economic and Industry Forecasts Joel Kan said recent volatility in the financial markets and increasing rates continue to adversely impact mortgage application activity.
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.