Atlanta-based non-QM wholesale lender Angel Oak Mortgage Solutions has updated its rate lock policy to a 30-day lock period due to the fast-rising interest rates landscape. “Angel Oak, along with the rest of the non-QM industry, has been forced to make rapid adjustments to ensure liquidity during this highly volatile market,” a company spokesperson told […]
The Consumer Financial Protection Bureau chimed in on an appeal to the McCoy vs. Wells Fargo Bank case, arguing that a borrower should be able to get information about their loan from their loan servicer. The CFPB filed its amicus brief on Monday, in a class action lawsuit before the Ninth Circuit Court of Appeals, […]
Tiger Woods says, for now anyway, he’s planning to play this week in the Masters, a little more than a year after nearly losing a leg in a car crash. The five-time champion at Augusta National made the announcement Tuesday morning. He will play nine more practice holes on Wednesday before making a final decision, […]
Fannie Mae has priced its fourth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, a $1.14 billion note offering backed by a reference pool of some 118,000 single-family mortgages valued at $36 billion. The offering is slated to close April 8, according to a presale review by the Kroll Bond Rating Agency (KBRA) and involves transferring […]
The Federal Housing Administration (FHA) took a definitive, if procedural, step toward a Senate-confirmed commissioner this morning. In a morning session, the Senate narrowly voted to advance Julia Gordon’s nomination to be federal housing commissioner. Vice President Kamala Harris’ vote broke a tie, placing Gordon’s nomination on the Senate calendar. Senate leadership can now call […]
Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. It also represents yet another sweetener designed to convince brokers to choose them over rival United Wholesale Mortgage. Dubbed the “Fast 15 […]
The All England Lawn Tennis Club (AELTC) is holding talks with the British government on the participation of players from Russia and Belarus at this year’s Wimbledon, saying on Tuesday that it hopes to announce a decision in mid-May. Russian and Belarusian players have been allowed to compete on the regular ATP and WTA Tours […]
Redfin completed its acquisition of Bay Equity Home Loans, paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Seattle-based Redfin previously announced its intention to acquire the lender, but […]
The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation “waterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input. The proposed rule, published by the Department of Housing and Urban Development late last week, would change repayment provisions for FHA borrowers, allowing lenders to recast […]
#2022 ” data-image-caption=”” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?w=1024″ width=”1200″ height=”700″ src=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?w=1024″ alt=”2022 Layoff” class=”wp-image-335200″ srcset=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png 1200w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?resize=150,88 150w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?resize=300,175 300w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?resize=768,448 768w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?resize=1024,597 1024w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_layoffs.png?resize=600,350 600w” sizes=”(max-width: 1200px) 100vw, 1200px”> South Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a more challenging origination […]
Text sign showing hand written words FHA Home loan The spectacular and historic spike in interest rates will hurt most homebuyers, but one group is especially vulnerable: FHA borrowers. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also […]
LAS VEGAS — Multi-genre artist Jon Batiste won album of the year and R&B duo Silk Sonic took two of the top honors on Sunday at a Grammy awards ceremony that featured a surprise appeal for support from President Volodymyr Zelenskyy of Ukraine. Batiste, who leads the band on “The Late Show with Stephen Colbert,” […]
The friendship of Ukrainian musician Valeriya Sholokhova and Russian musician Nikita Morozov transcends the fighting between their countries. For VOA News, Iacopo Luzi has the story. Camera: Iacopo Luzi details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
The Muslim holy month of Ramadan — a time when Muslims abstain from food, drink, smoking and other activities from dusk to dawn daily, begins at sundown Saturday in most parts of the world At sunset, Muslims break the daily fast with the iftar, a meal shared with family and friends. Ramadan is the ninth […]
Will Smith resigned Friday from the motion picture academy following his Oscars night slap of Chris Rock and said he would accept any further punishment the organization imposed. Smith in a statement released Friday afternoon said he would “fully accept any and all consequences for my conduct. My actions at the 94th Academy Awards presentation […]
This week’s HW+ member spotlight features Daniella Casseres, a partner at Mitchell Sandler. Casseres sits on the firm’s management committee, which helps deepen the firm’s commitment to becoming a leading majority-women-owned and -managed financial services law firm. She also heads the firm’s mortgage regulatory practice group, and has a vast background in advising mortgage companies on federal and state […]
The Cambodian artist Morn Chear is having something of a moment in the art world, with exhibits in his country’s capital, Phnom Penh, and the U.S. cities of Seattle and Denver. On canvass and with block prints, he is challenging prejudices against people with disabilities. VOA’s Scott Stearns has our story from Colorado, with VOA […]
Finance of America CEO Patti Cook In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. HousingWire sat down with this Woman of Influence winner to find out some of the important lessons she learned along the way. HousingWire: One of your first jobs […]
A Russian opera said Thursday it had canceled a concert by Russian superstar soprano Anna Netrebko over her comments on Moscow’s military operation in neighboring Ukraine. The 50-year-old singer who lives in the Austrian capital of Vienna on Wednesday “condemned” the operation, after she and other Russian artists in Europe and the United States came […]
Today, U.S. Secretary of Education Miguel Cardona and Florida Congressman Darren Soto met with Floridian LGBTQI+ students and families on Transgender Day of Visibility and participated in a closed press, roundtable discussion to hear about the impact that recent anti-LGBTQI+ legislation has on them, and their communities and school experiences. details ⇒ BusinessMediaguide.Com portal received […]
The rate volatility that has gripped the economy since the start of the year and caused the mortgage-origination market to stumble is taking a toll on the private-label securitization market as well. Fast rising rates — the 30-year fixed rate is up nearly a point-and-half since the start of the year — have blunted mortgage […]
Bruce Willis is stepping away from acting after a diagnosis of aphasia, a condition that causes loss of the ability to understand or express speech, his family said Wednesday. In a statement posted on Willis’ Instagram page, the 67-year-old actor’s family announced that Willis was recently diagnosed with aphasia and that it is impacting his […]
Mortgage rates keep climbing amid rising inflation, war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. The latest weekly Freddie Mac PMMS mortgage survey, released Thursday, showed that the average purchase mortgage rate touched 4.67%, up 25 basis points from the week prior. That was the […]
The Academy of Motion Pictures Arts and Sciences on Wednesday said that Will Smith was asked to leave Sunday’s Oscar ceremony after hitting Chris Rock but refused to do so. The academy’s board of governors met Wednesday to initiate disciplinary proceedings against Smith for violations against the group’s standards of conduct. The academy said disciplinary […]
Washington celebrates 110 years of cherry blossoms in a festival not only marking the beginning of spring but also commemorating the birth of an international tourist destination and marking the ties between the United States and Japan. Each year, the National Cherry Blossom Festival draws more than 1.5 million admirers of the fluffy pink trees. […]
Interest in residential mortgage loans fell 6.8% for the week ending March 25 as rates jump even closer to the 5% mark, according to the Mortgage Bankers Association‘s latest survey. Few borrowers these days have an incentive to refinance their mortgage. According to the MBA, refi applications fell 15% from the prior week and 60% from a […]
The phenomenal box-office success of a new film set in 1990s Kashmir has sharpened political divisions in India and prompted a re-examination of a violent campaign against Hindus in the Muslim-majority region three decades ago. “The Kashmir Files,” directed by Vivek Ranjan Agnihotri, depicts the flight of Kashmiri Hindus, known as “Pandits,” from the region […]
Figure Technologies co-founder and CEO Mike Cagney ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?w=1024″ width=”1207″ height=”700″ src=”https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?w=1024″ alt=”Mike Cagney – HW+” class=”wp-image-318432″ srcset=”https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg 1207w, https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?resize=150,87 150w, https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?resize=300,174 300w, https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?resize=768,445 768w, https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?resize=1024,594 1024w, https://www.housingwire.com/wp-content/uploads/2021/08/Mike-Cagney-HW.jpg?resize=600,348 600w” sizes=”(max-width: 1207px) 100vw, 1207px”>Figure Technologies co-founder and CEO Mike Cagney Mike Cagney didn’t expect to be releasing a cryptocurrency-backed 30-year fixed-rate mortgage product so soon. […]
Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. This marks a notable dip in originations from 2020, a record-breaking year in which VA lenders pumped out approximately $427 billion in VA loans. The top 10 VA […]
This week, the Community Home Lenders Association (CHLA) repeated their call for FHA to lower premiums and to eliminate the life of loan premium on FHA loans. While I might have a different view on the life of loan premium, I applaud their call and cannot understand why HUD has not yet lowered FHA premiums. […]
Teff, an ancient grain from the Horn of Africa, has found new enthusiasts in the United States. It’s being cultivated in the American West and Midwest, where growers note its appeal as a gluten-free “super food.” VOA’s Tewelde Tesfagabir reports from Nevada, narration by Vincent Makori. Videographer: Trésor M. Matondo details ⇒ BusinessMediaguide.Com portal received […]
Actor Will Smith apologized to comedian Chris Rock one day after slapping him across the face during Sunday’s Academy Awards ceremony following a joke Rock made about the actor’s wife, Jada Pinkett Smith. Smith’s apology Monday came after the Academy of Motion Picture Arts and Sciences issued a formal statement condemning his behavior for slapping […]
Origination volume for FHA-insured loans increased by 3% in 2021, growing from $324 billion in 2020 to $332.24 billion, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. Of the origination volume, retail lenders originated $276.4 billion worth of FHA loans, while wholesale lenders originated $57.64 billion. The top […]
The Academy of Motion Picture Arts and Sciences issued a formal statement Monday condemning Will Smith’s behavior for slapping comedian Chris Rock and announced it was initiating an investigation. Smith slapped Rock across the face during a live broadcast of the 94th Academy Awards ceremony Sunday after the comedian made a joke about the actor’s wife, Jada Pinkett Smith, poking fun […]
Rising costs are impacting day to day living for many Americans. In the Thai community in Los Angeles, many are having to make some hard choices. Nopparat Chaichalearmmongkol has a story reported by Supakit Pattarateranon. Camera: Supakit Pattarateranon details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
U.S. Secretary of Education Miguel Cardona today issued the following statement in response to the Florida Legislature’s Parental Rights in Education bill being signed into law: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. Some three dozen non-QM securitizations sponsored by about two dozen different entities have made their way to bond-rating firms so far in 2022. This year’s non-QM volume numbers are […]
The Biden-Harris Administration today submitted to Congress the President’s Budget for fiscal year 2023. The President’s Budget details his vision to expand on the historic progress our country has made over the last year and deliver the agenda he laid out in his State of the Union address—to build a better America, reduce the deficit, […]
In a case that could help clarify when and how artists can make use of the work of others, the U.S. Supreme Court on Monday agreed to decide a copyright dispute between a photographer and Andy Warhol’s estate over Warhol’s 1984 paintings of rock star Prince. The justices took up the Andy Warhol Foundation’s appeal […]
The 94th Academy Awards ceremony ended in a climactic way, giving the Oscar for Best Picture to “CODA,” a seeming underdog that celebrated deaf representation. Other highlights included an unexpected scuffle and women sweeping the Oscars for Best Director, Best Adapted Screenplay and Best Song. VOA’s Penelope Poulou has more. details ⇒ BusinessMediaguide.Com portal received […]
Today, U.S. Secretary of Education Miguel Cardona will issue a nationwide call to action for states, higher education leaders, and schools to tap federal resources and work together to address the teacher shortage and aid student recovery. Today’s announcement builds on President Biden’s call in the State of the Union encouraging leaders to use American […]
Transport yourself back to 2019. It’s 9 a.m. You are suited, showered and seated behind a desk in a bustling office. Industry newsletters are reporting that mortgage lenders are tightening their belts as the cost to manufacture a loan peaks at a decade high of $9,299. Then boom! In March 2020 all of that changed. […]
After a movie year often light on crowds, the Academy Awards named an unabashed crowd-pleaser, the deaf family drama “CODA,” best picture Sunday, handing Hollywood’s top award to a streaming service for the first time. The feel-good moment came after one of the most shocking moments in Oscars history: Will Smith slapped Chris Rock onstage […]
Troy Kotsur made history on Sunday as the first deaf man to win an Oscar for his role in “CODA,” and Ariana DeBose took the supporting actress trophy for “West Side Story” as Hollywood returned to all-out glitz at this year’s Academy Awards. In “CODA,” an acronym for “child of deaf adults,” Kotsur played Frank […]
For the first time in two years, the Academy Awards are rolling out the red carpet at Los Angeles’ Dolby Theatre for what the film academy hopes will be a back-to-normal Oscars. Except for all the stuff that’s changed. The telecast for the 94th Academy Awards will begin, as usual, at 8 p.m. EDT on […]