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Updated: 19 min 28 sec ago
Housing in America is getting healthier, according to a new report from Black Knight Financial Services. Black Knight released its “first look” at the housing data from April, and the report shows that many indicators are trending in a positive direction for housing.
The post office is now one big step closer to becoming a financial institution. A new white paper from the United State Postal Service's Office of the Inspector General lays out a series paths for the post office to enter the banking and financial services sector.
As interest rates slowly tick up, purchase originations are now again outpacing refinance originations, according to a new report from Ellie Mae. Here's a look at Ellie Mae's data.
The Director of Investigations for the State of Connecticut’s Department of Social Services was arrested on a federal criminal complaint charging him with wire fraud in connection with his submission of a fraudulent application for a personal mortgage modification. This is exactly the story you were looking for.
Charles Hughes Smith at oftwominds.com warns that the industry may be just two years from an implosion of the bubble we’re in. Also, if you didn’t know, he argues we’re already in an echo bubble from the last bubble. Read on.
The Senate Committee on Banking, Housing and Urban Affairs passed “The Financial Regulatory Improvement Act of 2015” on Thursday, which will, if it makes it through the bill-making grinder and gets passed into law, bring big changes to the red tape the mortgage finance industry is tied up in.
Housing and the general economy got off to a slow start in 2015, but MBA is confident that the drag won't last. They predict that 2015 and 2016 will be dominated by purchase applications rather than refinancings. Here's what they're thinking.
Rents for residential housing in the United States grew at their fastest pace in two years in April, surpassing home values. There’s good news and bad news in this, and a growing gap to come. Want to know more?
The economy may not grow at the previously expected rate, but that shouldn’t stop housing from improving in 2015, according to Fannie Mae’s May 2015 Economic Outlook. “Housing is one sector that appears to be building momentum, with leading indicators suggesting the market will experience a strong spring season,” Fannie said.
In this role, Smith will join the Home Loans leadership team and will be responsible for building a mortgage sales team throughout the company’s branch footprint, Capital One said in a release.
A lot of changes could be on the horizon for housing, mortgage finance, Fannie, Freddie and the whole housing shebang. Here's the latest from Washington and beyond.
After a surge in March, existing home sales have petered out like a wet firecracker. Existing home sales dropped 3.3% in April. What went wrong?
Average fixed mortgage rates moved just slightly lower following three consecutive weeks of increases, according to Freddie Mac.
Foreclosure filings were up 3% in April and up 9% from a year ago, pushing to an 18-month high. Here’s where it went off track.
For the second week in a row, a high-level executive at Nationstar Mortgage Holdings is resigning. Nationstar announced Wednesday that David Hisey, who served as executive vice president, chief strategy and external affairs officer, informed the company that he is resigning, effective at the close of business on June 19.
In her new role, Rausch will oversee the entire product development and training departments at PRMG. Rausch is tasked with imparting her product knowledge to the company’s training staff, PRMG said.
The GSEs announced Wednesday that they are issuing new operational and financial requirements for all current and potential sellers and servicers that do business with the government sponsored enterprises, making official the proposed rules issued in January.
Realtor.com has launched the next step in its all-out marketing strategy the website kicked off last week, this time a multi-media ad campaign designed to underscore the importance of “real estate in real time” amid the hustle and bustle that is New York City.
Before the FOMC will change the federal funds rate, it needs to see improvement in the labor market. And looking at the latest meeting minutes, this isn’t happening anytime soon.
The gap between stagnant incomes and rising rents in many parts of the country is growing out of control. Right now, there is no state in the country where someone earning either the state or federal minimum wage can afford a market-rate one-bedroom apartment.