Taylor Hawkins, for 25 years the drummer for Foo Fighters and best friend of frontman Dave Grohl, has died during a South American tour with the rock band. He was 50. There were few immediate details on how Hawkins died, although the band said in a statement Friday that his death was a “tragic and […]
Taylor Hawkins, for 25 years the drummer for Foo Fighters and best friend of frontman Dave Grohl, has died during a South American tour with the rock band. He was 50. There were no immediate details on how Hawkins died, although the band said in a statement Friday that his death was “tragic and untimely […]
Home Mortgage Disclosure Act (HMDA) data, released Thursday by the Consumer Financial Protection Bureau, showed a reshuffle in the top 10 lenders by volume for 2021. Those top 10 are: Rocket Mortgage United Wholesale Mortgage Wells Fargo LoanDepot JPMorgan Chase New Residential Investment Corp. Freedom Mortgage Bank of America Homepoint Guaranteed Rate The two top […]
A rule making its way through the New York Senate could significantly shorten the time allotted for a lender to initiate a foreclosure action. This may have ramifications on all lenders operating in the state of New York. A bill, dubbed the Foreclosure Abuse Prevention Act, sponsored by James Sanders Jr. (D) from the 10th […]
This week’s HW+ member spotlight features Arjun Dhingra, who serves as sales and business development at All Western Mortgage. Dhingra has over 20 years of experience helping homebuyers and real estate agents and is an expert when it comes to harnessing the power of social media to help educate and inform people on the home-buying process. Creating […]
((EDS: This can be used before or after Sunday’s Oscar Awards show. This intro can be adjusted if one of both films win on Sunday.)) Two films, CODA and Audible, have received multiple Oscar nominations. Whether they will nab the coveted statuettes remains to be seen, but their real victory is that both have made […]
The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. The potential loss on these loans could amount to $1.5 billion, an audit released this week by the Department of Housing and Urban Development Office of Inspector General found. According to the watchdog, at least 31,500 FHA-insured loans insured […]
The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers’ ability to buy homes in February. The trend is also likely to worsen in the coming months. The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday […]
The rollercoaster is still climbing. Mortgage rates are approaching 4.5%, a level economists forecasted would not be reached until the tail end of 2022. And there’s good reason to believe mortgage rates will be in the 5% range before too long. According to data from Freddie Mac‘s PMMS survey, mortgage rates on the traditional 30-year fixed-rate mortgage […]
The Academy Awards have always loved a comeback story. This year, the Oscars are attempting to star in one, too. On Sunday, the Academy Awards will try to bounce back from a 2021 ceremony that was plagued by pandemic restrictions, a botched ending and record-low ratings. The 94th Academy Awards will return to their usual […]
We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. Recently, I downgraded the housing market from an unhealthy housing market to a […]
Russian and Belarusian swimmers, divers, water polo players and artistic swimmers will no longer be able to compete in the upcoming world championships over the war in Ukraine, swimming’s governing body announced Wednesday. Soon after the invasion, swimming’s governing body, FINA, said it would allow the swimmers to compete, but as neutral athletes who didn’t […]
Minneapolis-based CarVal Investors, a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products. The new REMIC, Mill City Loan Holdings LLC, will serve as a […]
Ginnie Mae recently filled two executive roles, naming Sam Valverde as its first Hispanic executive vice president and Felecia Rotellini as senior advisor and chief of staff to the president. Alanna McCargo, president of Ginnie Mae, announced the appointments during the National Association of Hispanic Real Estate Professionals conference that took place in Washington D.C. last […]
United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, announced on Wednesday a new product that will qualify borrowers for investment properties based on the monthly rental income, rather than the their current income. This is the second new non-QM product the Pontiac-based lender has launched this month – the wholesale lender also unveiled a bank statement loan […]
Interest in residential mortgage loans fell 8.1% for the week ending March 18 as mortgage rates rose to 4.5%, the highest level in years, according to the Mortgage Bankers Association‘s latest survey. “The jump in rates comes as markets moved to price in a much faster pace of rate hikes, as well as expectations of fewer MBS purchases […]
The U.S. Department of Education (Department) today announced updated steps to ensure that companies that own institutions are held responsible for funds owed to the federal government, including liabilities arising from closed school loan discharges and borrower defense to repayment claims. This will ensure that even if a school closes, the Department can recover funds […]
“West Side Story” star Rachel Zegler may get her Oscars moment after all. The 20-year-old actor has been invited to be a presenter at the ceremony, according to a report in The Hollywood Reporter. The gesture came two days after Zegler, who plays Maria, posted on social media that she had not been invited to […]
An Oscar-nominated Danish documentary chronicling a gay Afghan refugee’s perilous journey to Europe tries to show that being a refugee is what happens to you, not who you are, its director told AFP. “Flee,” an animated film which is up for three Academy Awards, is in the spotlight ahead of Sunday’s Oscars ceremony as the […]
#2022 ” data-image-caption=” Mortgage rates, rates ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?w=1024″ width=”1200″ height=”700″ src=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?w=1024″ alt=”2022 Mortgage rates” class=”wp-image-335142″ srcset=”https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png 1200w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?resize=150,88 150w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?resize=300,175 300w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?resize=768,448 768w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?resize=1024,597 1024w, https://www.housingwire.com/wp-content/uploads/2022/01/newsroom-template_rates.png?resize=600,350 600w” sizes=”(max-width: 1200px) 100vw, 1200px”>Mortgage rates, rates New York-based Mortgage Industry Advisory Corp. (MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are […]
On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8 billion of mortgage credit risk to private insurers and reinsurers. “We appreciate our continued partnership with […]
Nonbanks and mortgage subsidiaries of chartered banks reported grim profitability figures in the fourth quarter of 2021, when costs reached a new high and margins fell to the lowest level since early 2019. And most industry observers think it will only get worse in the next few quarters. Net gains in Q4 declined to $1,099 […]
Digital mortgage platform Maxwell has brought on Amy Brandt to its board of directors to gain perspective on the challenges that lenders face and the gaps in the mortgage digitalization process. A veteran with two decades of experience in digital mortgage solutions, Brandt most recently served as president and CEO at First American Docutech. She […]
As the war unfolds in Ukraine, the owner of Amazing Piñatas in Los Angeles, has found a creative way to help Ukrainian refugees. Originally from Nicaragua, Lorena Robletto tells VOA’s Verónica Villafañe why she wants to help. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
One million tickets for the 2024 Paris Olympics will be sold for $26.50 (24 euros) each with availability for all 32 sports, organizers said Monday. The Paris proposal to the International Olympic Committee sets the basic price lower than that of the 2012 London Olympics, where the tickets cost more than $31. “This is something […]
Final preparations are underway for the 94th Academy Awards and a long awaited return to Hollywood’s glamorous normalcy after a muted ceremony and ratings low last year. Here’s everything you need to know about the 2022 Oscars, including where to watch the live show, who’s expected to win and what the big controversies are this […]
Servicers’ forbearance portfolio volume dropped in February for the 21st-consecutive month, with more borrowers current on their mortgage payments due to improvements in the economy and viable loss mitigation options. The total number of loans in forbearance decreased by 12 basis points, from 1.30% in January to 1.18% in February, according to the Mortgage Bankers […]
Fannie Mae is off to steady start on its path toward issuing $15 billion in notes this year through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC. The agency is about to unveil its third deal this year through its CAS credit-risk transfer vehicle. The March offering, CAS Series 2022-R03, involves […]
During the Great Recession, “zombie foreclosures” were a thorn in the side of servicers. With no money to pay their mortgages, some underwater borrowers simply abandoned their homes. When the Covid-19 pandemic began in March 2020, zombie foreclosures were one of the housing industry’s greatest fears. In August 2021, the Consumer Financial Protection Bureau (CFPB) […]
The Biden-Harris administration is partnering with the Aspen Institute to jointly host forums in several cities across the country. Titled White House Initiative Latino Economic Summits, the regional forums will highlight the Biden-Harris Administration’s commitment to advancing equity and economic empowerment and connect local Latino community members directly with federal leaders and resources. The forums will […]
UWM’s headquarters in Pontiac, Michigan. ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?w=1024″ width=”1200″ height=”737″ src=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?w=1024″ alt=”HW-UWM” class=”wp-image-324074″ srcset=”https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png 1200w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=150,92 150w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=300,184 300w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=768,472 768w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=1024,629 1024w, https://www.housingwire.com/wp-content/uploads/2021/10/HW-UWM.png?resize=600,369 600w” sizes=”(max-width: 1200px) 100vw, 1200px”>UWM’s headquarters in Pontiac, Michigan. United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house […]
The last musher has arrived in Nome, ending the 50th running of the Iditarod Trail Sled Dog race across Alaska. Musher Apayauq Reitan of Kaktovik, Alaska, crossed the finish late Saturday night, winning the Red Lantern award and $1,000 for being the final sled dog team to reach the Bering Sea coastal community on Alaska’s […]
With many small businesses failing during the economic downturn of coronavirus lockdowns, three sisters in the U.S. state of Colorado chose the pandemic to open Denver’s first Vietnamese coffee shop. VOA’s Scott Stearns went to their café to hear their story. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
World-famous ballet dancers from Russia and Ukraine, Argentina, Cuba, France and Japan come together Saturday for a gala to raise funds for Ukraine and send a message of peace. “We as artists have talent and we need to use this talent to say what we believe in,” Ukraine’s Ivan Putrov, co-organizer of the event to […]
Today, U.S. Secretary of Education Miguel Cardona participated in a roundtable discussion with faith leaders in New York City to highlight the contributions of faith-based organizations during the pandemic and in ongoing recovery efforts that support young people and their communities. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of […]
U.S. Secretary of Education Miguel Cardona issued the following statement today on President Biden’s intent to nominate Dr. Nasser Paydar as Assistant Secretary for Postsecondary Education: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. Dallas, a seasoned entrepreneur, joined FoA Mortgage four years ago after selling one of his companies to Finance of America Companies, the Blackstone Group-controlled parent company. Dallas […]
The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Marketing Leaders award are now open through Friday, March 25, 2022. Click here to nominate someone you know — it can even be you! As the housing market continues to move from last year’s refinance […]
Finland has been named the world’s happiest country for the fifth year running, in an annual U.N.-sponsored index that again ranked Afghanistan as the unhappiest, followed closely by Lebanon. Serbia, Bulgaria and Romania recorded the biggest boosts in wellbeing. The largest falls in the World Happiness table, released on Friday, came in Lebanon, Venezuela and […]
Today, the U.S. Department of Education’s Rehabilitation Services Administration (RSA) released the notice inviting applications for the Subminimum Wage to Competitive Integrated Employment (SWTCIE) demonstration project, aimed at increasing access for people with disabilities to jobs that pay good wages. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. […]
Film icon Arnold Schwarzenegger told Russians in a video posted on social media Thursday they’re being lied to about the war in Ukraine and accused President Vladimir Putin of sacrificing Russian soldiers’ lives for his own ambitions. Schwarzenegger is hugely popular in Russia, and apparently also with Putin. The President of Russia Twitter account follows […]
Today, U.S. Secretary of Education Miguel Cardona, alongside Admiral Rachel L. Levine, M.D., assistant secretary for health at the U.S. Department of Health and Human Services, held a virtual roundtable with LGBTQI+ students and families from Florida, hosted by the White House Office of Public Engagement. details ⇒ BusinessMediaguide.Com portal received this content from this […]
The rate volatility created by fast-rising inflation, now approaching 8% annualized, and the opposing flight to quality sparked by the war in Ukraine, is complicating an already challenging execution environment in the private-label securities market. Into March of this year, according to multiple market experts, the nonagency secondary market has been digesting a large backlog […]
Online home mortgage lender AmeriSave Mortgage Corporation announced on Thursday that Sudhir Nair, the former head of information and technology at loanDepot, has been tapped as its first-ever chief digital officer. Nair, who has worked in technology leadership roles at Bank of America, Xome/Mr. Cooper, CountryWide, Amazon and others, will help the lender become more […]
Figure, a blockchain-focused financial service company and Apollo, a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger. The companies say the secure process was a “first of its kind” in the mortgage […]