Nonbanks profitability to decline in the coming quarters: Moody’s
Nonbank mortgage companies increased their profitability as a group in the third quarter of 2023, compared to the previous quarter, due to the...
FHFA conforming loan limits increase to $766,550 in 2024
The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% compared to...
Rapidio releases new income assessment tool for underwriters
Rapidio, a mortgage underwriting technology provider, on Monday released the income assessment component of its underwriting product, FlexStack Component System.
The new tool is...
Here’s how real estate brokers can aggressively attack operating costs
Broker/owners have been on quite a ride over the last few years.
With the residential real estate pendulum swinging from blissful exuberance in the...
Here’s why home sales will climb in 2024
https://www.youtube.com/watch?v=EWWcNbpAN8A
If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up...
Modular homebuilding startup Veev on the verge of bankruptcy
Veev, a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting...
Why aren’t there more new homes for sale?
From Census:
New Home Sales: Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according...
Has your banking partner come of age?
HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank, Member FDIC, about warehouse lending and...
New Georgia copycat commission lawsuit names Atlanta-area firms
The copycat commission lawsuits have spread to the Southeast. On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing...
Mortgage rate dip a welcome reprieve, but more industry consolidation is ahead: Piper Sandler
Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far...
