The Connecticut Legislature has approved a bill requiring the agencies that employ home health aides and other professionals to provide more well-rounded training and incident responses to issues like harassment as the state aims to ease the process for aging in place among its older residents. The passage of the law, first reported by regional […]
Barcelona, Spain — French Iranian artist Marjane Satrapi, whose graphic novel “Persepolis” tells the story of a girl growing up in post-revolutionary Iran, was awarded Spain’s prestigious Princess of Asturias Prize for Communication and Humanity on Tuesday. The prize jury praised the 54-year-old as “one of the most prominent names in international comics, author of what […]
Despite the struggles of its independent mortgage bank counterparties, Fannie Mae delivered $4.3 billion in net income during the first quarter of the year, up from $3.9 billion in the prior quarter, the government-sponsored enterprise (GSE) reported Tuesday. The GSE’s net worth grew from $77.4 billion at the end of 2023 to $82 billion as […]
The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The rule “addresses barriers to sustainable housing opportunities for underserved communities by codifying existing […]
HousingWire: Congratulations on your new role at The Money Store. Can you share with us some of the key initiatives or strategies you’ve implemented in your first three months as CMO? Coleen Bogle: I’m thrilled to be part of The Money Store team. In my first three months as CMO, my primary focus has been […]
houston — Time marches on and all good things must come to an end. But don’t tell that to The Rolling Stones. What many believe to be the greatest rock ‘n’ roll band in the world showed no signs of slowing down anytime soon as they kicked off their latest tour Sunday night at NRG Stadium […]
Update about federal student loan servicing The U.S. Department of Education, including its office of Federal Student Aid (FSA), is constantly working to improve the student loan borrower experience. FSA has worked tirelessly to give borrowers the information and support they need to take advantage of all of the benefits of the student loan repayment […]
new york — The U.S. Soccer Federation and its Mexican counterpart dropped their joint bid to host the 2027 Women’s World Cup on Monday and said they instead will focus on trying to host the 2031 tournament. The decision left a proposal from Brazil and a joint Germany-Netherlands-Belgium plan competing to be picked for 2027 by […]
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Guild Mortgage CEO Terry Schmidt speaks last week at The Gathering by HousingWire in Scottsdale, Arizona. Photo credit: AJ Canaria Discussions about the reverse mortgage product category were not difficult to find this past week in Scottsdale, Arizona, during The Gathering by HousingWire, an event that combined both the real estate-focused RealTrends Gathering of Eagles […]
California-based mortgage tech firm Blend Labs, which has pursued non-GAAP profitability since it went public in 2021, announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements. The remainder is for general corporate purposes, the company said in a prepared statement. Despite […]
Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. Last week, big four members First American, Old Republic and Stewart all announced their earnings. Final big four title firm Fidelity […]
U.S. homeowners today are armed with a record amount of home equity ???? nearly $32 trillion, according to the latest data from the St. Louis Federal Reserve. Many of these homeowners are locked into historically low interest rates post-pandemic, which means they are unlikely to refinance. Indeed, amid the current high interest rates, they are […]
Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank, which state regulators seized on Friday to “protect depositors.” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. It also comes after last year’s failures of First Republic Bank, Silicon Valley Bank and Signature […]
Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He cited a difficult market and elevated rates as reasons […]
Tehran, Iran — Iranian authorities have banned an Egyptian TV series depicting a medieval Persian figure over historical “distortions” and “a biased approach,” state media reported Sunday. “The Assassins,” or “El-Hashashin” in Arabic, recounts the story of Hassan-i Sabbah, the controversial founder of an offshoot Shiite Muslim sect known for bloody political assassinations during the 11th […]
London — Prince Harry will return to Britain to celebrate the 10th anniversary of his Invictus Games in May, before joining his wife Meghan on a visit to Nigeria, his spokesperson said Sunday. Harry, the youngest son of King Charles, lives in the United States with Meghan and their two children after he gave up working […]
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VENICE, Italy — Venice has always been a place of contrasts, of breathtaking beauty and devastating fragility, where history, religion, art and nature have collided over the centuries to produce an otherworldly gem of a city. But even for a place that prides itself on its culture of unusual encounters, Pope Francis’ visit Sunday stood out. […]
KYIV, Ukraine — Even amid war, Ukraine finds time for the glittery, pop-filled Eurovision Song Contest. Perhaps now even more than ever. Ukraine’s entrants in the pan-continental music competition — the female duo of rapper alyona alyona and singer Jerry Heil — set off from Kyiv for the competition Thursday. In wartime, that means a long […]
Lausanne, Switzerland — The head of the International Olympic Committee, Thomas Bach, has backed the World Anti-Doping Agency in a row over its handling of positive drug tests by 23 Chinese swimmers. “We have full confidence in WADA and the regulations and that WADA have followed their regulations,” Bach told AFP in an exclusive interview Friday […]
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Washington — Iran’s handing of a death sentence this week for dissident rapper Toomaj Salehi has drawn outrage from the Islamic republic’s domestic and international critics, including a German lawmaker who says Tehran risks fueling the backlash if it moves toward executing the artist. In an interview for the Friday edition of VOA’s Flashpoint Global Crises […]
HousingWire sat down with Acra Lending CEO Keith Lind to discuss effective ways to not only survive, but profit in the non-QM space while so many others are closing their doors. Lind also shares insights into the future of non-QM lending and the importance of emergent technologies in improving the origination process. Zebulon Lowe: Keith, […]
Homebuyer affordability declined in March as mortgage rates and home prices remained elevated. The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. That’s according to the Mortgage Bankers Association‘s (MBA) purchase applications payment index, which measures how new monthly mortgage payments vary across time relative […]
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews […]
In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 percentage-point decrease from February 2023. The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and […]
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BY: Gabriel Bermea, Visiting Scholar at The Rutgers Center for Minority Serving Institutions (CMSI) From the belief that academic advisors only handle course scheduling, to the assumption that they make all decisions for students, there are a few persistent myths about academic advisors and their responsibilities. As an academic advising researcher and former post-secondary advisor, […]
Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire, held earlier this week in Scottsdale, Arizona. The reverse lending industry’s most prominent attendee — Kristen Sieffert […]
Taylor Stork, president of the Community Home Lenders of America, speaks at The Gathering by HousingWire on Wednesday, April 25, 2024. Photo credit: AJ Canaria It was initially billed as a discussion centered on the “biggest threats to a healthy mortgage landscape for homebuyers,” but some breaking news disrupted some of those plans. The Consumer […]
Victorian dress was forcibly imposed on Namibia’s indigenous ǂNūkhoe women by German colonizers in the late 1800s. Despite the origins, these styles persist today as a symbol of resilience. Lee Garises reports from Windhoek, Namibia. Camera: Jesaya Abraham details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
The way that someone refers to the concept of diverse communities in their interactions with consumers and housing professionals can be a key indicator about their mindset. Antiquated terminology should be checked and minimized for anyone who wants to keep up with the times. That was one of the messages shared by Mosi Gatling, senior […]
Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California-based multichannel lender and servicer announced Wednesday. The company’s pretax gain in the first quarter was $43.9 million. That was less than the $38.1 million figure it posted during the same period last year but a significant improvement from […]
Two former New Jersey-based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger. Christopher Gallo has been noted as a top-producing loan originator, at one point being […]
Florida-based wholesale lender A&D Mortgage appointed Satish Vishwakarma to the role of servicing manager, the company announced on Tuesday. In this new role, Vishwakarma will be responsible for overseeing the day-to-day operations of the mortgage servicing department. He will ensure the successful management of mortgage servicing teams while leading efforts to streamline operations, enhance quality and […]
Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. ”Your interest rates are going to be higher for longer,” he said. ”This year will look a lot like last year. Next year […]
Figure Technology Solutions, the parent company of Figure Lending LLC, named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Tannenbaum will also be a member of the board of directors. Meanwhile, Mike Cagney, the company’s co-founder and previous CEO, will continue to serve as executive chairman of the company. “With its proven ability to […]
The Consumer Financial Protection Bureau (CFPB) on Wednesday released a new edition of its Supervisory Highlights publication, which includes the agency’s actions to combat what it calls “junk fees charged by mortgage servicers, as well as other illegal practices.” Examinations conducted by the bureau found mortgage servicers levied charges it deems “illegal,” including prohibited property […]
HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. This year 80 honorees were selected. The Rising Stars award recognizes the emerging leaders in the industry who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones all before the age […]
Mortgage demand dipped last week as mortgage rates reached their highest levels since late 2023. Applications decreased by 2.7% on a seasonally adjusted basis during the week ending April 19, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. “Mortgage rates continued to move higher last week, reaching their highest levels since late […]
U.S. Secretary of Education Miguel Cardona today will announce at the U.S. Department of Education’s (Department) Attaining College Excellence and Equity Summit the release of a Request for Information (RFI) to develop a new Postsecondary Student Success Recognition Program that will uplift institutions of higher education that support all students to complete affordable credentials of […]
When a person dies, it often falls to their children, loved ones, lawyers or even friends to sort through the things they’ve left behind. Sometimes, those things are unfinished projects or hobbies, that’s where the group Loose Ends comes in. Nina Vishneva has the story, narrated by Anna Rice. details ⇒ BusinessMediaguide.Com portal received this […]
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024. Click here to nominate someone. The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and […]
On Tuesday at The Gathering by HousingWire in Scottsdale, Arizona, Guild Mortgage CEO Terry Schmidt sat down with HousingWire editor in chief Sarah Wheeler to talk about the principles guiding much of the lender’s actions in recruiting, mergers and acquisitions (M&A) and overall business outlook. Building a strong workplace culture was a predominant theme of […]