NEW YORK — David Johansen, the last surviving member of the glam and protopunk band the New York Dolls who later performed as his campy, pompadoured alter ego, Buster Poindexter, has died. He was 75. Johansen died Friday at his home in New York City, according to Rolling Stone, citing a family spokesperson. It was revealed […]
CAIRO — Observant Muslims the world over will soon be united in a ritual of daily fasting from dawn to sunset as the Islamic holy month of Ramadan starts. For Muslims, it’s a time of increased worship, religious reflection, charity and good deeds. Socially, it often brings families and friends together in festive gatherings around meals […]
Academy Award-winning actor Gene Hackman likely died on Feb. 17, the last day there was any activity on his pacemaker, Santa Fe County Sheriff Adan Mendoza said Friday. “According to the pathologist,” Mendoza said, “that is a very good assumption that was his last day of life,” nine days before investigators found his body. The […]
Florida-based non-QM lender A&D Mortgage on Friday announced an offering of $458.9 million in residential mortgage-backed securities (RMBS), calling it “another milestone in the company’s commitment to expanding financing solutions for borrowers with diverse income streams.” The RMBS deal, done in partnership with Imperial Fund Asset Management and Clearwater Analytics, is expected to close on […]
During Rocket Companies‘ third-quarter 2024 earnings call, the Detroit-based parent company of Rocket Mortgage said that it expected adjusted revenue of $1.05 billion to $1.2 billion in the fourth quarter. But on Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue of $1.8 billion and adjusted revenue of $1.2 billion, […]
Authorities are continuing their investigation into the circumstances surrounding the death of Academy Award-winning actor Gene Hackman, 95, and his wife, Betsy Arakawa, 64, a classical pianist. The couple were found dead, along with one of their dogs, Wednesday in their home in the southwestern U.S. state of New Mexico. Investigators have retrieved an assortment […]
This week on Power House, Diego Sanchez chats with Jay Plum, EVP of Consumer Lending at Fifth Third Bank. During the conversation, Plum explores Basel III’s impact on warehouse lending, the importance of affordability programs, and how Fifth Third plans to grow market share with mortgage servicing portfolios (MSRs). This conversation has been edited for […]
MOSCOW — Soviet chess grandmaster Boris Spassky, who was famously defeated at the height of the Cold War, has died at 88, the Russian Chess Federation announced Thursday. “The tenth world champion Boris Spassky has died at 88,” the Russian Chess Federation said in a statement on its website, calling this a “great loss for the […]
In its ongoing lawsuit against Ginnie Mae over $28 million in collateral from loans tied to a bankrupt reverse mortgage lender, Texas Capital Bank (TCB) recently submitted what it called an “expert report” from a former reverse mortgage industry executive, who offered his thoughts on Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS). TCB said the […]
In a Senate Banking Committee hearing on Thursday to assess the nominations of four people poised to take on leadership roles in the Trump administration, most of the questions that senators raised were focused on one person. Jonathan McKernan, who is President Donald Trump’s nominee to succeed Rohit Chopra as director of the Consumer Financial […]
Tax reform. The Consumer Financial Protection Bureau (CFPB). Housing policy changes. Managing optics. These were just some of the topics explored Wednesday during a discussion at the Housing Economic Summit hosted by HousingWire at the George W. Bush Presidential Center in Dallas. Bill Killmer, senior vice president for legislative and political affairs at the Mortgage […]
Bill Pulte, President Donald Trump’s choice to lead the Federal Housing Finance Agency (FHFA), sat Thursday for a confirmation hearing with the Senate Committee on Banking, Housing and Urban Affairs alongside nominees for three other administration positions. The lion’s share of questioning from senators first went to Consumer Financial Protection Bureau (CFPB) director-designate Jonathan McKernan […]
The Consumer Financial Protection Bureau (CFPB) on Thursday dropped a legal action against Capital One. Last month, the agency accused Capital One of cheating consumers out of more than $2 billion in interest payments on their savings accounts. The legal action, which was initiated under former CFPB Director Rohit Chopra, alleged that “from 2013 to […]
The Jason Mitchell Group certainly has reason to celebrate. On Thursday, the Consumer Financial Protection Bureau (CFPB) notified the U.S. District Court in Detroit that it was voluntarily dismissing its “kickback” lawsuit against the Jason Mitchell Group, Rocket Homes and others, with prejudice, meaning that the CFPB cannot file another complaint against the same defendants […]
The first of two seasons of Gabriel Garcia Marquez’s masterpiece One Hundred Years of Solitude has hit the screen. Netflix is currently working on the second season of this attempt to bring the author’s sprawling masterpiece to the screen. Veronica Villafane has the story. details ⇒ BusinessMediaguide.Com portal received this content from this noted web […]
How can today’s mortgage lending market be summed up in one word? For homeowners who purchased their property during COVID when mortgage rates were near 3%, the word “comfortable” may come to mind. Mortgage brokers enjoyed equal success then, as lower rates allowed them to qualify more borrowers and bring more revenue. For them, the […]
Oscar-winning American actor Gene Hackman and his wife were found dead Wednesday at their home in the southwestern U.S. state of New Mexico. Authorities said they were investigating what caused their deaths but that foul play was not suspected as a factor. Authorities said they went to the home to do a welfare check and […]
WASHINGTON — The number of Americans who identify as Christian has declined steadily for years, but that drop shows signs of slowing, according to a new survey Wednesday from the Pew Research Center. The Religious Landscape Study finds 62% of U.S. adults call themselves Christians. While a significant dip from 2007, when 78% of Americans identified […]
Barry Habib’s highly anticipated 2025 housing market forecast premiered during HousingWire‘s Housing Economic Summit on Wednesday in Dallas. Habib, the CEO of MBS Highway, kicked off his by presentation by referencing his 2024 forecast, telling the crowd of 250-plus that he hit the mark for home price appreciation and predicted lower numbers than expected for […]
When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world. What they found was a […]
Mat Ishbia, the president and CEO of United Wholesale Mortgage (UWM), is a big fan of President Donald Trump and his agenda. On UWM’s Wednesday morning earnings call, the wholesale mortgage leader said that Trump has done exactly what he set out to do, adding that the president’s picks to lead and regulate the mortgage […]
United Wholesale Mortgage (UWM), the largest originator in America, originated $139.4 billion in mortgages in 2024 on its way to a net profit of $329.4 million. All told, the wholesale lender turned around a financial loss of $69.8 million in 2023 and improved gain-on-sale margins to 110 basis points, up from 92 bps in the […]
Mortgage applications decreased by 1.2% from last week on a seasonally adjusted basis, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgageapplications survey for the week ending Feb. 21, 2025. On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index continued its declining streak and decreased 4% […]
Bill Pulte, the Trump administration’s nominee to run the Federal Housing Finance Agency (FHFA), has a wide array of investments with a value north of $190 million, including holdings in rental properties, HVAC firms, entertainment companies and Elon Musk’s X. That’s according to financial disclosure forms released on Tuesday. His confirmation hearing in front of […]
Fannie Mae on Tuesday announced the results of its 2024 Servicer Total Achievement and Rewards (STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.” “Our servicers continue to show their commitment to operational excellence while reducing credit loss — a crucial component to the overall safety and soundness of Fannie Mae’s business and the […]
With a median age of 45.1 years, Maine is the oldest state, putting it in a unique position to provide insights to the rest of the nation about how it manages the needs of its older residents. According to data from the U.S. Census Bureau, about 23% of Maine’s population is at least 65 years […]
Mortgage rates have been moving lower in recent weeks, even after the Federal Reserve’s decision to pause its rate-cutting cycle. But mortgage executives and housing economists don’t believe this trend will continue long enough to meaningful impact mortgage demand or home sales. According to data at HousingWire’s Mortgage Rates Center, the average 30-year conforming rate […]
The ongoing legal dispute between Texas Capital Bank (TCB) and Ginnie Mae added a new chapter this week. The bank is opposing a government request for a summary judgment that would hand a victory to Ginnie Mae, according to court filings reviewed by HousingWire’s Reverse Mortgage Daily (RMD). Government attorneys filed a motion for summary […]
After devastating wildfires tore through Los Angeles, the 97th Academy Awards are going forward. Like the Grammys and other awards shows this year, the ceremony will be transformed by the fires and the Academy of Motion Picture Arts and Sciences has pledged to help its members and the broader film community recover. Here’s everything you […]
Effects from deadly flooding in Eastern Kentucky were made worse this past weekend as a storm system brought heavy snow and wind into already devastated communities. It will have a large impact on real estate for years to come, Kentucky real estate agents told HousingWire. As of Monday, the statewide death toll associated with the […]
Mr. Cooper won’t be onboarding as many Flagstar Bank employees as initially projected in its $1.4 billion deal to acquire the depository bank’s residential mortgage servicing operations. Multiple sources told HousingWire that Flagstar began layoffs on Friday. The employees said that additional terminations will be staggered over the coming months, with official severance documents to […]
NEW YORK — Roberta Flack, the Grammy-winning singer and pianist whose intimate vocal and musical style on Killing Me Softly with His Song, The First Time Ever I Saw Your Face and other hits made her one of the top recording artists of the 1970s and an influential performer long after, died Monday. She was 88. […]
Deep cuts at the Department of Housing and Urban Development (HUD) are likely to increase the cost of homes, upend housing markets and complicate mortgage transactions, current and former agency staffers told the Washington Post. HUD’s workforce is expected to be cut in half — from about 8,300 employees to just over 4,000 — with […]
The 31st Screen Actors Guild Awards kicked off Sunday night with host Kristen Bell paying tribute to Los Angeles firefighters and another supporting actor win for “A Real Pain” co-star Kieran Culkin. Bell introduced the ceremony, streaming live on Netflix from the Shrine Auditorium in Los Angeles, as an ode to both the aspirational spirit […]
Los Angeles — Former Vice President Kamala Harris stepped on the NAACP Image Awards stage Saturday night with a sobering message, calling the civil rights organization a pillar of the Black community and urging people to stay resilient and hold onto their faith during the tenure of President Donald Trump. “While we have no illusions about […]
Linda Facci has a unique and charming job. Using just a few tools and a lot of felt, she makes hyper realistic sculptures that, if they weren’t so small, it would be hard to tell them apart from the real thing. Anna Nelson met up with Facci to talk about her art. Anna Rice narrates […]
New York — “Captain America: Brave New World” soared on opening weekend but crashed down in its second go-around with audiences. “Brave New World,” the latest sign that the Marvel machine isn’t quite what it used to be, remained No. 1 at the box office in its second frame with $28.2 million in ticket sales, according […]
ROME — Pope Francis, in critical condition with a complicated lung infection, rested well during a peaceful night following a respiratory crisis and blood transfusions, the Vatican said Sunday. Vatican spokesperson Matteo Bruni’s one-line statement didn’t mention if Francis was up or eating breakfast. “The night passed quietly, the pope rested.” The brief update came after […]
TOKYO — Yoshiko Abe is about to turn 89, but that hasn’t stopped her from going to the gym every day and trying the free-of-charge makeup course at her housing complex. “It was really helpful,” she said, all smiles and glowing after putting on foundation and pink lipstick, something she hadn’t done in years. […]
LOS ANGELES — Sean Baker, whose low-budget movie “Anora” is the front-runner for next weekend’s Oscars, delivered an impassioned plea to “keep indie film alive” as he won top prize at the Spirit Awards on Saturday. The annual Film Independent Spirit Awards ceremony, held in a giant tent at Los Angeles’ Santa Monica beach, only celebrates […]
The recently announced RocketRentRewards program from Rocket Mortgage — which the company says is the homeownership industry’s first offer to provide closing cost credits for renters — allows homebuyers who use Rocket as their lender to earn 10% back on their last 12 months of rental payments. Renters, who are the targets of the new […]
Following the news of Jorge Bergoglio’s health, churches across the country are joining in prayer. In this video we visit the most emblematic places in his hometown. Argentine faithful share prayers and reflect on the importance of having an Argentine Pope. Click here for the full story in Spanish. details ⇒ BusinessMediaguide.Com portal received this […]
InGenius, a data provider for the mortgage and real estate industries, has appointed industry veteran Sue Woodard as its chief customer officer. Woodard, a senior adviser at STRATMOR Group, brings more than 30 years of experience in financial services and mortgage lending. She will continue her advisory role at STRATMOR while taking on her new […]
Rumors of large-scale staffing cuts at Ginnie Mae are spooking Wall Street and the housing industry, who fear potential repercussions to the mortgage-backed securities market. Mortgage lenders and developers are reportedly working their contact lists in Washington, D.C. to try and protect the company from the cuts already imposed by the U.S. DOGE Service, the […]
new york — Jerry Butler, a premier soul singer of the 1960s and ’70s whose rich, intimate baritone graced such hits as “For Your Precious Love,” “Only the Strong Survive” and “Make It Easy on Yourself,” has died at age 85. Butler’s niece, Yolanda Goff, told the Chicago Sun-Times that Butler — whose show business nickname, “The […]