Opinion: SFR companies not to blame for lack of inventory

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. Contrary to their portrayal as indiscriminate buyers of properties far … Continue readingOpinion: SFR companies not to blame for lack of inventory

Latest S&P Global PMI results signal lingering inflation 

The latest S&P Global U.S. purchasing managers index (PMI) numbers are out, and the results are mixed at best — indicating that inflation is abating some but is far from tamed. The composite output PMI index came in at 49.3 for September, up from 44.6 in August, … Continue readingLatest S&P Global PMI results signal lingering inflation 

HW+ Member Spotlight: Katherine Mechling

This week’s HW+ member spotlight features Katherine Mechling, director of communication at Side. HW Media: What is your current favorite HW+ article and why? Katherine Mechling: I’d point to Derek Brummer’s piece in the June issue: “The American dream and the affordability crisis.” We can sometimes get tunnel vision in this … Continue readingHW+ Member Spotlight: Katherine Mechling

Freddie Mac rolls out agency’s 10th STACR note offering

Freddie Mac is launching its 10th credit-risk transfer transaction of the year via its Structured Agency Credit Risk (STACR) program, bringing the total note offerings through its two flagship STACR series programs to $12.8 billion so far in 2022. The new credit risk transfer (CRT) offering, … Continue readingFreddie Mac rolls out agency’s 10th STACR note offering

Fannie Mae unveils $700M CIRT deal

Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at … Continue readingFannie Mae unveils $700M CIRT deal

Lenders target growing Hispanic homeownership market

Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. over the next 20 years. Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which … Continue readingLenders target growing Hispanic homeownership market

Former HUD official convicted of falsifying records

A former assistant inspector general for the Department of Housing and Urban Development (HUD) has been convicted by a federal jury of concealing efforts to direct tens of millions of dollars in government business to a friend and government contractor to whom he owed money. Eghbal “Eddie” … Continue readingFormer HUD official convicted of falsifying records

Nominations for the 2022 HousingWire Tech Trendsetters award close tomorrow!

In its fourth year, HousingWire’s Tech Trendsetters is honoring the people behind our prestigious TECH100 award. These are the tech leaders who are driving innovation and modernization for their mortgage and real estate clients. Take a look through some of our past honorees to see … Continue readingNominations for the 2022 HousingWire Tech Trendsetters award close tomorrow!