Ransomware imperils title, mortgage industry

Housing Wire

Ransomware attackers hit major title industry cloud services provider Cloudstar , stopping an untold number of loans from closing on Monday. The ramifications for the title and mortgage industry may extend beyond the immediately impacted loan applications.

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The housing industry’s disparate impact hopes

Housing Wire

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. But the mortgage industry and HUD don’t see eye-to-eye on how that decision should be taken into account.

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Rocket Mortgage breaks into the solar industry

Housing Wire

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. The post Rocket Mortgage breaks into the solar industry appeared first on HousingWire.

Industry groups react to SCOTUS eviction ruling

Housing Wire

The post Industry groups react to SCOTUS eviction ruling appeared first on HousingWire.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

Reverse mortgage industry courts financial planners

Housing Wire

Our industry has never, ever recovered from not being able to sit shoulder-to-shoulder at bank branches and share clients. This is why this group maintains an important potential place in allowing the industry to reach its goal of expanding the base of borrowers it serves, she says.

Biden affordability efforts make no waves in housing industry

Housing Wire

The mortgage industry and housing advocates were generally supportive of the modest measures. Many items the housing industry and affordable housing advocates are hoping for are still up in the air as Congress negotiates the infrastructure packages.

The appraisal industry’s hidden hand

Housing Wire

Ultimately, DeZarn concluded, “We don’t know where this industry is going.”. But they did not become key players in the home valuation industry until the recent housing bubble.”. It doesn’t exist in the AMC industry.”.

How a noncompete ban would impact the mortgage industry

Housing Wire

If such a rule is implemented, industry veterans and labor attorneys say it could change how the mortgage industry recruits and retains talent over the next decade and beyond. The post How a noncompete ban would impact the mortgage industry appeared first on HousingWire.

Housing industry reacts to Yellen’s confirmation

Housing Wire

Industry officials were quick to signal their support for yesterday’s historic U.S. ” For the housing industry , Yellen as Treasury Secretary represents a steady hand at the wheel in a deeply uncertain period.

7 things that have changed forever in the mortgage industry

Housing Wire

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning. The mortgage industry has been forced to respond to the massive and sudden work-from-home mandates.

Industry to Congress: G-fees aren’t your “piggybank”

Housing Wire

Two dozen industry groups have joined forces to oppose any plan to raise Freddie Mac and Fannie Mae guarantee fees (g-fees) to pay for an infrastructure package. The spectre of raising g-fees horrified industry stakeholders.

Mortgage industry welcomes incoming Biden administration

Housing Wire

The housing industry took the opportunity to welcome the new administration and remind it of its promises. “On We look forward to working with this administration and the new Congress on issues that affect mortgage finance and the broader real estate industry.

Why female leadership is crucial to the mortgage industry

Housing Wire

HousingWire recently spoke with Keri Stichler, Divisional Vice President at Rocket Pro TPO, about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity. HousingWire: How common is female leadership across the industry?

Drone mapping in the real estate industry

Housing Wire

In most cases, the advancements cause disruption— and opportunity—in every industry. Drone mapping is replacing manned aerial flyovers such as Google Earth , a technology the industry has relied on for decades. Seth Thompson, premier land professional.

How COVID-19 is driving AI in the mortgage industry

Housing Wire

The shift to AI-powered technology is rapidly taking over the mortgage industry with leaders turning to machine learning to increase efficiency amid COVID-19. If we could get some of these other industries started again, that could ameliorate some of the negative effects.

May jobs report a mixed bag for housing industry

Housing Wire

So what does that mean for the housing industry, and the likelihood the Fed will change course on monetary policy? According to the government’s statistics, job gains were again concentrated in the service industry, which showed an increase of 489,000 jobs in May.

Industry groups urge Biden to let CDC eviction ban sunset

Housing Wire

A broad swath of the housing industry is calling for the Biden administration to let the Centers for Disease Control (CDC) eviction ban lapse at the end of this month. The industry coalition also writes that economic conditions have improved substantially in recent months.

Why isn’t mortgage industry alarmed by FHFA actions?

Housing Wire

The most surprising truth here is that the mortgage industry, awash with profits from the past year or so, has turned an almost blind eye toward these steps. The mortgage industry can tend to be short-sighted at times. The post Why isn’t mortgage industry alarmed by FHFA actions?

Housing industry takes pride in stepping up

Housing Wire

Fortunately, in the midst of uncertainty, many in the housing industry are stepping up and continuing to push forward to help their communities despite the hurdles they may face at home and in the home office. The post Housing industry takes pride in stepping up appeared first on HousingWire.

3 mortgage industry trends that will define the rest of 2021

Housing Wire

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. When COVID forced the real estate industry to get digital, gasoline was thrown on the same trend within mortgage lending.

How can the mortgage industry recruit people earlier in their careers?

Housing Wire

This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. The post How can the mortgage industry recruit people earlier in their careers?

The mortgage industry is ripe for blockchain in 2021

Housing Wire

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry.

The purchase market is an opportunity for the title industry

Housing Wire

My recommendation for lenders is applicable to the title industry, too. Just as I’ve advised the origination industry, that opportunity also exists for the settlement space. The post The purchase market is an opportunity for the title industry appeared first on HousingWire.

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The cyclical nature of the mortgage industry

Housing Wire

It’s true for the mortgage industry and especially the long-term strategies we’ve developed to react to the current low-rate environment brought on by a global pandemic. The post The cyclical nature of the mortgage industry appeared first on HousingWire.

Industry mourns death of PennyMac’s Stanford Kurland

Housing Wire

The company and industry leaders alike mourned his passing, calling him an “esteemed industry leader, visionary and friend.”. “I Stan leaves an indelible mark not only on PennyMac, but on the mortgage industry he helped to build and shape. The industry lost a singular talent.”.

The drive to digital in the title industry

Housing Wire

The title industry has used artificial intelligence and automation in various parts of the process for many years. The post The drive to digital in the title industry appeared first on HousingWire.

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The looming danger facing the affordable housing industry

Housing Wire

The post The looming danger facing the affordable housing industry appeared first on HousingWire.

M&A in the title industry? Don’t make these mistakes

Housing Wire

As the refinance wave gives way to a purchase market, consolidation is already upon us – even in the title industry. Jumping into the title industry’s version of the M&A world is one of the most exciting elements of the business. The post M&A in the title industry?

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Mortgage industry encouraged by Fed’s dovish approach

Housing Wire

But the Federal Reserve is staying the course, maintaining the low-rate environment that gave rise to the best year for the mortgage industry in history. Some forecasters believe the Fed won’t hike rates until as late as 2024, which is welcome news for mortgage industry leaders and the millions of homeowners who could save hundreds a month on a refinancing. The post Mortgage industry encouraged by Fed’s dovish approach appeared first on HousingWire.

Housing industry turns against Fannie, Freddie’s added refinance fee

Housing Wire

After Fannie Mae and Freddie Mac announced an added 50 basis point fee to all refinances, the housing industry was quick to react. The Mortgage Bankers Association also joined together with various members of the housing industry to oppose the move.

How 2020 raised the stakes for the mortgage industry

Housing Wire

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. As mortgage industry insiders watched Quicken climb the list to the No. Meanwhile, the industry scrambled.

Speed up the closing process with industry-leading solutions

Housing Wire

The mortgage industry is no stranger to disruption since the onset of the COVID-19 pandemic. Black Knight’s industry-leading PPE engine provides lenders with the most advanced capabilities available in the market. Two industry leaders, one united focus.

FHFA’s final “living wills” rule ignores industry concerns

Housing Wire

What is really amazing is that you might think that industry would have learned their lesson after the release of the PSPA Amendment in January that snuck in several provisions adverse to the housing sector. The industry should trust a person by what they say. The post FHFA’s final “living wills” rule ignores industry concerns appeared first on HousingWire.

Here’s the key to true, sustainable efficiency in the mortgage industry

Housing Wire

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.