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.
Pending home sales fell steadily from May to December last year, closely mirroring the trajectory of the same indicator months before the 2007 home price crash, analysts Chris Flanagan and Justin Borst with Bank of America-Merrill Lynch claim in a new report.
A coalition of bipartisan lawmakers gained ground in their attempt to roll back changes to the Biggert-Waters Flood Insurance Reform Act this week. But resistance to the idea continues among advocates who fear sugary-sweet insurance deals are keeping risk-based pricing out of the flood insurance market.
The Consumer Financial Protection Bureau says between July and October 2013, consumers who complained to the CFPB ended up receiving $2.6 million in payments from financial firms accused of engaging in poor servicing practices.
The Office of the Comptroller of the Currency points out in its 19th Annual Survey of Credit Underwriting that OCC bank examiners studying banks noted an easing of underwriting standards in recent months.
Every time you turn around, there is another analyst report suggesting the sun is either shining on or about to shine on multifamily properties. A new report from Freddie about its own multifamily business may just prove this point.
A New York state couple faces years in prison for operating a multimillion-dollar mortgage fraud scheme in which the defendants recruited straw buyers to purchase a string of properties using fraudulent loan documents.
When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.
HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.