Private mortgage insurance industry boomed in 2020

Housing Wire

The private mortgage insurance industry also supported $600 billion in mortgage originations. The mortgage insurance industry also updated its guides and processes to align with the Federal Housing Finance Agency (FHFA) and the GSEs’ policies to implement nationwide forbearance programs.

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.

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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.

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 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.

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.

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.

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.

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.

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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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.

The looming danger facing the affordable housing industry

Housing Wire

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

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.

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.”.

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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2021 Rising Star Matt Jones: Reshaping the mortgage industry

Housing Wire

The post 2021 Rising Star Matt Jones: Reshaping the mortgage industry appeared first on HousingWire. 2021 HousingWire Rising Star Matt Jones, pictured above, is portrayed on the cover of the June HousingWire Magazine issue.

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.

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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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.

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.

The mortgage industry should build ATR rule governance

Housing Wire

An industry collaborative that involves all sides of a securitization transaction is a perfect forum for today’s market. The post The mortgage industry should build ATR rule governance appeared first on HousingWire.

Here’s how WFG is solving the major pain points facing the mortgage industry

Housing Wire

Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. In 2020, WFG launched an effort to identify and develop solutions for the biggest challenges facing the industry.

Women lead industry through the haze of pandemic

Housing Wire

From pandemic to protests to politics, 2020 has been an obstacle course for housing industry companies. If this year continues its current trajectory, the housing industry might permanently change as a result. “It’s

Industry gives mixed reviews of FHFA’s Final Capital Rule

Housing Wire

The mortgage industry is responding with mixed reviews to the Federal Housing Finance Agency ‘s Final Capital Rule for mortgage giants Fannie Mae and Freddie Mac, which it released on Wednesday. On Thursday, Mortgage Bankers Association President and CEO Bob Broeksmit said the MBA appreciates the time and effort given to reviewing comments from industry stakeholders and regulatory agencies prior to its finalization, but is disappointed in several aspects of the rule.

Real estate industry expresses support for Biden’s $15,000 tax credit

Housing Wire

The post Real estate industry expresses support for Biden’s $15,000 tax credit appeared first on HousingWire.

Fannie Mae and Freddie Mac CEOs address industry on refinance fee grievances

Housing Wire

In a combined letter on Thursday, Fannie Mae CEO Hugh Frater and Freddie Mac CEO David Brickman addressed industry criticisms following the GSEs’ announcement last week of an additional 50 basis point fee on refinances starting Sept.

Younger generations want to become homeowners – Here’s how the housing industry can help

Housing Wire

As an industry, if we are willing to step into that advisory role, we can be more successful in helping prospective homebuyers become homeowners. The post Younger generations want to become homeowners – Here’s how the housing industry can help appeared first on HousingWire.

Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy.

The rapid adoption of digital closings during COVID-19 shows what’s possible in the mortgage industry

Housing Wire

Will this end up being a watershed moment for the industry? HousingWire: You’ve been focused on helping the mortgage industry get to an end-to-end digital process for many years. Nancy Alley: We are at a turning point in the mortgage industry’s move to digital.

Mortgage industry provides commentary on CFPB’s proposed changes to QM loan definition

Housing Wire

Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021.

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Current Trends in the Real Estate Industry

Realty Biz

The real estate industry has been in disarray since the pandemic began wreaking havoc on the economy and pretty much everything else in its path. Home prices are rising, interest rates are declining, and the industry as a whole looks a whole lot different than it did before COVID-19.

How COVID-19 changed the leasing industry

REM Online

The original post can be found at the following URL: How COVID-19 changed the leasing industry. The original post can be found at the following URL: How COVID-19 changed the leasing industry. The following content may have been republished here without the author's permission.

Industry Responds to Inauguration Address

RIS Media

Here’s how the industry responded to his inauguration and address. The industry simply cannot continue operation under these policies without disastrous harm to housing affordability. ” The post Industry Responds to Inauguration Address appeared first on RISMedia.

FormFree’s Brent Chandler on transforming the way the housing industry does business

Housing Wire

BC : We are developing key partnerships that help our clients succeed and our industry evolve. The post FormFree’s Brent Chandler on transforming the way the housing industry does business appeared first on HousingWire.

Cover Story: Industry Focused

RIS Media

“As a leadership team, we listened to our employees, the industry and consumers. “We wanted to do more in the industry to create a dialog around racial discrimination and fair housing,” he explains. ” An Industry-First Approach.

Why industrial interiors are making waves with buyers

Inman

It’s little wonder that interest in industrial spaces has peaked: Luxury homebuyers seek properties that inspire them as they work from home, while still being practical and functional.

4 Benefits of Attending Virtual Industry Events

App Folio

Events have always played a large role in the real estate industry. From annual conferences and trade shows to peer

Kenneth Jenny, respected real estate industry vet, dies at 66

Inman

A 35 plus-year vet of the real estate industry, Ken Jenny was a trusted adviser to many and unafraid to speak his mind about industry issues.