All Eyes on Purchase at Engage Marketing event June 17

HousingWire’s fourth-annual Engage Marketing event will feature experts focused on the specifics of mortgage and real estate in a purchase market. While appetite for refinance loans will plunge in the second half of the year, a huge demographic wave of first-time homebuyers is looking to … Continue readingAll Eyes on Purchase at Engage Marketing event June 17

Builder confidence jumps, despite crazy lumber prices

Builder confidence rose one point to 83 for newly built single-family homes in April, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. Builder confidence has not risen above 84 so far in 2021, after reaching … Continue readingBuilder confidence jumps, despite crazy lumber prices

Mortgage rates move down to 3.04%

The average U.S. mortgage rate fell for the second consecutive week, down nine basis points to 3.04%, according to Freddie Mac’s Primary Mortgage Market Survey. Despite rates mirroring mid-march levels, Sam Khater, Freddie Mac’s chief economist, doesn’t expect them to hold. “The economy is improving on the … Continue readingMortgage rates move down to 3.04%

Warren Buffett’s boring, dominant resi brokerage

Gino Blefari, Berkshire Hathaway HomeServices of America CEO and chairman Gino Blefari is a pretty colorful character. The Berkshire Hathaway HomeServices of America CEO and chairman of Berkshire’s franchise network, HSF Affiliates, calls money “dough,” and is fond of tangents – like describing the initial … Continue readingWarren Buffett’s boring, dominant resi brokerage

This underwriting solution improved lending satisfaction from the inside out

When COVID-19 first rocked the U.S. economy in March 2020, mortgage lenders had to be nimble in a variety of areas. Mortgage interest rates hit record lows and origination volume surged. At the same time, a number of individuals were facing job losses. This meant … Continue readingThis underwriting solution improved lending satisfaction from the inside out

RoundPoint revs up retail operations with new leadership

RoundPoint Mortgage has added three new senior executives to its management team, as it prepares to ramp up its retail operations. The mortgage subservicer’s board of directors appointed Patrick McEnerney as chief executive officer. McEnerney was a managing director at Deutsche Bank for 14 years … Continue readingRoundPoint revs up retail operations with new leadership

RON isn’t the miracle answer to all our questions

The push to further digitize the mortgage process gained added traction amid the COVID-19 pandemic, with lockdowns forcing the mortgage industry to adopt new technologies it has otherwise been slow to embrace. Remote Online Notarizations form part of that digital transformation, naturally. However, the role … Continue readingRON isn’t the miracle answer to all our questions

Weather, disaster protection costing homeowners

Homeowners are spending money to battle the effects of weather and climate change on their properties, a new Redfin survey showed, with some allocating more than $5,000 to protect against events like extreme temperatures and flooding. Approximately 60% of 1,200 surveyed homeowners said they have … Continue readingWeather, disaster protection costing homeowners