Hey housing professionals, your jargon isn't helping consumers

“Guess what, consumers! Conforming loan limits were just raised! Awesome, right!? Call me!”  “Woo hoo! FHA just increased loan limits! Give me a call today!” “Fannie and Freddie just did…” “FHFA just announced…” Rates! Bond charts! Comps! CMAs! 15-year fixed! Jumbo! Blah blah blah. How … Continue readingHey housing professionals, your jargon isn't helping consumers

Former Ditech, Cenlar CEO Anthony Renzi named CEO of Common Securitization Solutions

Fannie Mae and Freddie Mac announced Thursday the appointment of Anthony Renzi as the new CEO of Common Securitization Solutions, the joint venture between the two companies that developed and implemented the single security. In this new role, Renzi will assume responsibility for the platform … Continue readingFormer Ditech, Cenlar CEO Anthony Renzi named CEO of Common Securitization Solutions

The median age of homebuyers is now 47. How did that happen?

https://content.jwplatform.com/libraries/2RuqXW7O.js if(typeof(jQuery)==”function”){(function($){$.fn.fitVids=function(){}})(jQuery)}; jwplayer(‘jwplayer_j4JTHkOK_2RuqXW7O_div’).setup( {“playlist”:”https://content.jwplatform.com/feeds/j4JTHkOK.json”,”ph”:2} ); Despite recent data that younger generations are beginning to buy houses, on the whole, those same generations are waiting far longer than their parents did to buy their first house. There are various reasons for that delay, including a dramatic … Continue readingThe median age of homebuyers is now 47. How did that happen?

Blockchain lending startup Figure is now a billion-dollar company

If there’s one thing that Mike Cagney specializes in, it’s quickly building billion-dollar companies. He did at SoFi, before leaving the company in 2017 after reports emerged about the alleged toxic culture at the online lender. And now he’s done it again with Figure Technologies, the blockchain lending startup … Continue readingBlockchain lending startup Figure is now a billion-dollar company

U.S. unemployment rate falls to 50-year low

The U.S. unemployment rate fell to another 50-year low, coming in at 3.5% in November as the economy added 266,000 jobs after October’s upwardly revised 156,000 jobs, according to the Bureau of Labor Statistics.  The number of unemployed persons changed little, with 5.8 million out of work, … Continue readingU.S. unemployment rate falls to 50-year low

Expert: Here are 5 tech trends to watch in housing in 2020

As we move toward the new year, many experts and economists are forecasting the housing market will continue to see growth. Now, one expert looks at the technology advancements we will see in 2020. HousingWire sat down with Steve Butler, AI Foundry president and founder, … Continue readingExpert: Here are 5 tech trends to watch in housing in 2020

Mortgage Tech Rundown: Openly, roOmy, and Wolters Kluwer

Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. Tech-enabled home insurance provider Openly launched on Tuesday, equipped with $7.6 million from its seed round of funding. The company said in a press release it aims to simplify … Continue readingMortgage Tech Rundown: Openly, roOmy, and Wolters Kluwer

CoreLogic expects home prices to do this in the next 12 months

Nationally, home prices increased 3.5% year over year in October, according to CoreLogic‘s latest Home Price Index Report. To be more specific, prices rose on lower-priced homes. A big trend seen in the 2019 housing market saw was tight inventory of both single-family and multifamily, … Continue readingCoreLogic expects home prices to do this in the next 12 months