MAYVILLE, NEW YORK — A New Jersey man was convicted Friday of attempted murder for stabbing author Salman Rushdie multiple times on a New York lecture stage in 2022. Jurors, who deliberated for less than two hours, also found Hadi Matar, 27, guilty of assault for wounding a man who was on stage with Rushdie at […]
The Mortgage Bankers Association (MBA) has revised its previous 2025 mortgage forecast, raising its projection for purchase originations while trimming projections for refinances from its January forecast. Its updated forecast, released Feb. 19, put this year’s total origination volume at a projected $2.055 trillion, up slightly from January’s $2.052 trillion forecast. The MBA still forecasts […]
MUMBAI, INDIA — Even for the world’s most-populous nation, the scale of a Hindu religious festival being held in India’s northern city of Prayagraj since mid-January is staggering. Surpassing previous numbers, the Maha Kumbh Mela that wraps up Wednesday has drawn more than half a billion devotees in the last six weeks, according to officials. The […]
The Attorney General of Massachusetts has filed suit against home equity contract provider Hometap, alleging that the company “pervasively and systematically violated the state’s consumer protection laws, including mortgage and foreclosure prevention laws, putting financially vulnerable homeowners at high risk of losing their homes.” The suit goes on to claim that Hometap’s primary product offerings […]
U.S. mortgage originations are projected to grow moderately in 2025, despite continued economic uncertainty and elevated interest rates, according to TransUnion’s newly released credit insights in the fourth quarter of 2024. After years of sluggish origination growth due to inflation, high borrowing costs, and a tight housing market, mortgage originations are expected to rise to […]
Mortgage applications for newly built homes decreased 6% year over year in January 2025, according to a report released Thursday by the Mortgage Bankers Association (MBA). But application volume increased by 19% from December 2024. MBA’s Builder Application Survey (BAS) explores mortgage application data on a monthly basis across mortgage subsidiaries of homebuilders. MBA pulls […]
Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments. The offer is in effect through March 7. The limited-time refinance rate discount applies to customers looking to refinance into a lower interest rate or reduce their monthly payment, as well as those […]
Digital homeownership company Better.com on Thursday announced a record 400% growth in its home equity line of credit (HELOC) and home equity loan businesses. In a press release, the company announced that its HELOC business channel increased its revenue from $15 million per month in January 2024 to $60 million per month by October 2024. […]
Mark Calabria is the latest addition to the leadership roster at the Consumer Financial Protection Bureau (CFPB), despite the bureau’s near shutdown. Calabria, director of the FHFA in President Trump’s first term, will be serving a key role at the CFPB until Jonathan McKernan is confirmed as the permanent director. That’s according to tweets from […]
Archaeologists in Egypt say they have unearthed the ancient tomb of King Thutmose II, the first discovery in 100 years of a tomb of an Egyptian royal. The discovery near Luxor is the first of a pharaonic royal tomb since the treasures of Tutankhamun’s tomb were found over a century ago in 1922, Egypt’s Ministry […]
Staffing cuts at Ginnie Mae could table or delay the rollout of a complementary reverse mortgage securities program announced last year, according to an interview with a former Ginnie Mae official who requested anonymity out of fear of retaliation and reports of staff cuts by multiple outlets. But a source familiar with HUD’s plans disputed […]
If a rumored large-scale layoff at the Federal Housing Administration (FHA) occurs, it could result in major damage to key programs that mortgage lenders and investors rely on, such as Section 8, Section 202 and even financial losses to the national mortgage insurance fund. This is according to a former high-level FHA official who spoke […]
Chris Franquemont Franquemont returns to Guaranteed Rate after a one-year stint as CrossCountry Mortgage’s senior vice president of mortgage lending, producing branch manager. The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate. He first joined […]
Mortgage applications decreased 6.6% from last week, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Feb. 14, 2025. On an unadjusted basis, applications decreased by 4% compared with the previous week. The refinance share of mortgage activity, which had been strong for the past few weeks, […]
Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. Occasionally, U.S.-based reverse professionals also get the opportunity to connect with practitioners in other parts […]
As the 2025 spring homebuying season approaches — and the tone is set for what the rest of the year could look like — the long-term costs of a home loan are inching lower even as fears of inflation, unemployment and tariffs loom large. HousingWire’s Mortgage Rates Center showed that 30-year fixed rates for conventional […]
The oldest baby boomers are poised to turn 80 years old this year, which could bring the market of dedicated senior housing from a place of oversupply to a shortage. This is according to a report published this week by the Wall Street Journal. The projected aging of the U.S. population shows that by 2030, […]
ISLAMABAD — Pakistan is ready to host the International Cricket Council Champions Trophy 2025 on Wednesday, with eight teams coming together for a major cricketing event in the country for the first time in three decades. Pakistan last hosted a men’s Cricket World Cup in 1996 under the International Cricket Council. The Champions Trophy will see […]
ICE Mortgage Technology has released Ask Regi, an AI-assisted search tool for its AllRegs platform that helps users quickly find regulatory guidance using conversational queries in addition to traditional keyword searches. The mortgage technology company said Ask Regi is designed to streamline response times “by delivering precise search result summaries of complex questions applied to AllRegs, […]
Rocket Mortgage on Tuesday unveiled RocketRentRewards, which the company says is the homeownership industry’s first offer to provide closing cost credits for renters. Under the program, homebuyers who use Rocket Mortgage as their lender can earn 10% back on the last 12 months of rental payments, receiving up to $5,000 in lender credits toward closing […]
Independence Home Loans (IHL) tapped Gil Arbitsman for the role of chief financial officer where he will oversee IHL’s financial and long-term growth strategy. His leadership will play a key role in optimizing financial performance and enhancing the company’s operational efficiencies Arbitsman, who has more than 20 years of experience in the financial services sector, […]
Boston-based fintech Stavvy announced a new integration using the latest Encompass Partner Connect Application Programming Interface (API) framework from Intercontinental Exchange (ICE) for mortgage technology. In an exclusive interview with HousingWire, Kosta Ligris, CEO and founder of Stavvy, explained that the news is the official transition from ICE’s legacy Software Development Kit (SDK), which ICE […]
“Saturday Night Live” has been a staple of American television comedy for 50 years, launching stars and shaping culture. On Sunday night, fans and famous alumni gathered in New York City to celebrate this milestone. Aron Ranen reports from the Big Apple. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
NEW YORK — Paul Simon and Sabrina Carpenter opened the 50th anniversary special celebrating “Saturday Night Live” with a duet of his song “Homeward Bound.” The 83-year-old Simon has been a constant on “SNL” since its earliest episodes in 1975 and performed on the first show after the 9/11 attack. He was joined by the 25-year-old […]
Lima, Peru — Colombian superstar Shakira canceled her Sunday concert in Lima after being hospitalized with an abdominal condition, the singer said. Shakira shared a statement on her Instagram and X accounts Sunday afternoon, saying she is currently hospitalized and that doctors informed her she was not in condition to perform. “I am very sad that […]
London — Stars including Cynthia Erivo, Hugh Grant, Ariana Grande, Lupita Nyong’o, Timothee Chalamet and Saoirse Ronan walked the red carpet at London’s Royal Festival Hall for the awards, known as BAFTAs. The prizes are closely watched for clues about who will triumph at Hollywood’s Academy Awards on March 3, in an unusually hard-to-call awards season. […]
“Captain America: Brave New World” infused some blockbuster cash into the North American box office, bringing in $88.5 million in ticket sales over the weekend, according to studio estimates Sunday. The Walt Disney Co. release is by far the biggest opener of 2025 and the company predicts it will hit $100 million domestically and $192.4 […]
TEHRAN, IRAN — In a century-old building in Tehran, Saeed Anvarinejad turned the dial of a vintage radio to tune into some of Iran’s earliest recorded sounds, some serving as reminders of the seismic changes that shaped the country’s history. Along with a team of fellow enthusiasts, he spent months tracking down the earliest recordings of […]
MONTREAL — Three fights in the first nine seconds and a chorus of deafening boos for the US national anthem marked a stormy ice hockey clash between the United States and Canada in Montreal on Saturday. An emotionally charged showdown between the star-studded lineups of the North American rivals — which comes against a backdrop of […]
NEW YORK — By the time Cher sang “If I Could Turn Back Time,” it seemed as if time had indeed been turned back and every single “Saturday Night Live” musical guest of 50 years had magically found their way to Radio City Music Hall. Of course, it was only a smattering. But “SNL50: The Homecoming […]
In the most recent episode of the Power House podcast, host and HousingWire President Diego Sanchez sits down with Chris Vinson, CEO of Windsor Mortgage, a division of Plains Commerce Bank. The conversation covers Windsor’s growth and success in recent years, including its focus on wholesale lending, technology and coaching. This interview has been edited […]
A bill in the state of Hawaii that seeks to establish a state-run equivalent of the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program appears to be dead in its current form, having failed to reach key deadlines following its submission to three different legislative committees. This is according to the office of […]
The White House and key leaders aimed at cost-cutting inside the federal government have reportedly trained their eyes on the U.S. Department of Housing and Urban Development (HUD), and that reporting suggests it is culminating in a series of cuts that could include as much as 50% of the department’s workforce of roughly 9,600 people. […]
Older residents of the state of California, meaning those aged 65 or older, made up roughly 14% of the state’s population in 2020. That figure is poised to rise to 22% by 2040, marking a 59% increase, while the number of residents between the ages of 20-64 is projected to remain largely unchanged during that […]
The tragic deaths of Evgenia Shishkova and Vadim Naumov in a plane crash late last month in Washington have shone a spotlight on the role of Russian- or Soviet-born coaches in the world of competitive figure skating. Their influence has shaped a generation of American skaters, raising the question: Why have these coaches been so […]
MISMO, the real estate finance industry’s standards organization, on Thursday announced its board of directors for 2025. “MISMO brings key problem solvers together to collaborate on critical issues in the mortgage industry,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA), which oversees MISMO. “I welcome this talented group of industry executives […]
On Friday, Fannie Mae reported $17 billion in net income in 2024, down slightly from its $17.4 billion profit in 2023. The government-sponsored enterprise (GSE) had net income of $4.1 billion in the fourth quarter of 2024, marking its 28th consecutive quarter of positive earnings. Fannie Mae president and CEO Priscilla Almodovar said during Friday’s […]
The nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau (CFPB) suggests that, despite the “delete” rhetoric around the bureau, the consumer watchdog isn’t going to be de-fanged and sent to the kill shelter just yet. McKernan, a well-respected, veteran financial regulator with prior stints at the Treasury Department, Federal Housing Finance Agency […]
If there are winds of change at the Consumer Financial Protection Bureau (CFPB), small and midsized nonbank mortgage lenders are hoping to slip the clutches of the consumer watchdog they say is, in many ways, duplicitous and unnecessary. In a letter sent Wednesday to CFPB acting director Russell Vought, the Community Home Lenders of America […]
The White House has reportedly solicited information from staff at the U.S. Department of Housing and Urban Development (HUD) to justify the existence of various contracts. According to reporting by NPR, a spreadsheet was sent to employees, asking them to assess the importance of contracts, whether or not they have diversity, equity and inclusion (DEI) […]
In a Wednesday afternoon LinkedIn post by chief technology officer Jason Bressler, United Wholesale Mortgage (UWM) announced that it’s partnering with Sphere LOS to provide its first direct integration with the broker community. Bressler’s post offered reasons for the partnership. He noted that Sphere has an “all in one” workflow of the most-used products in […]
San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). As the 21st transaction made under the company’s LHOME Mortgage Trust, Kiavi’s total volume of notes offered sits at $5.8 billion since 2019. Kiavi reported that the offered notes were […]
Jonathan McKernan’s nomination to be the next permanent director of the Consumer Financial Protection Bureau (CFPB) didn’t come out of left field, but it still surprised many housing finance insiders given all that’s happened at the consumer watchdog over the last two weeks. McKernan’s nomination came on the heels of Elon Musk‘s baby-faced DOGE lieutenants […]
Freddie Mac recorded a net income of $3.2 billion for Q4 2024 and $11.9 billion for the full year 2024, it reported this morning. The full-year net income figure marked an increase of 13% from 2023. Comprehensive income increased 11% from 2023 to $11.9 billion. In its earnings call, Freddie Mac’s Executive Vice President and […]
Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue‘s January 2025 Market Advantage mortgage data report released Thursday. Purchase lock volume climbed 16% from December, but year-over-year counts – which control for home-price appreciation – were down 6%. That marked the […]