US homebuilders’ confidence slipped again this month, bogged down by persistent worries over affordability and high construction costs. Processing Content An index of market conditions from the National Association of Home Builders and Wells Fargo edged down in February to 36, the lowest level since September. That fell short of all but one estimate in […]
Homebuilder sentiment dips to 5-month low on affordability Read More »
After strong showings on Friday, treasuries opened today with small bullish gaps carrying at least the 10 and 30-year yields through what figured to be strong resistance. Processing Content There has been no appreciable change in expectations for future rate cuts. I did see on Friday that there were doubts on Wall Street that the
Treasury gains face critical 5-year inflection Read More »
Fairway Home Mortgage on Tuesday announced a partnership with the National Association of Insurance and Financial Advisors (NAIFA) to unveil a new educational credential for NAIFA members. The Certified Home Equity Advisor (CHEA) credential aims to help financial and insurance professionals “responsibly integrate home equity into comprehensive retirement planning,” Fairway explained in a press release.
Many more people know how to do their job, than know why a given approach works. This can cause severe and unknown risk, because if circumstances change, the previous “right” solution may no longer work, or opportunities may be missed. A couple of examples: Risk Example In the mid- to late 1990s, as Sacramento was
Scott Cox: If you don’t know the why, you may miss the signal Read More »
Mortgage lending has a Day 28 problem. Borrowers engage with lenders on Day Zero. Expectations get set. Loan options get discussed. Confidence gets built. Then income finally receives scrutiny on Day 28—deep in underwriting, after time, money, and operational effort have already been spent. The result? Income surprises kill deals. Borrowers wait, frustrated. Lenders scramble
How upfront income accuracy transforms lending Read More »
America’s quilt work of states whose governors and lawmakers are bucking for housing policy change to break through supply constraints at the root of the nation’s affordability crisis now counts Massachusetts among them. With a focus on prohibitively constrictive building codes and zoning ordinances, Gov. Maura Healey has adopted an approach officials in other states
Massachusetts studies adding supply with single-stair apartments Read More »
Mike Fawaz said Monday that he’s departing Rocket Pro after roughly 15 years with the company and plans to announce his next steps in March. “After nearly 15 years, I have made the thoughtful decision to step away from Rocket,” Fawaz said in a statement given to HousingWire. “After significant reflection, I believe this is
Exclusive: Mike Fawaz announces departure from Rocket Pro Read More »
More than one-third of working-age Americans lack access to an employer-sponsored retirement plan, and those who do have median balances of just $40,000, according to a new study from the National Institute on Retirement Security (NIRS). The analysis of U.S. Census Bureau data from December 2022 paints a stark picture of retirement preparedness for the
Home equity props up retirees as savings fall short Read More »
Michelle Bowman, the Federal Reserve‘s vice chair for supervision, used a major industry forum to argue that Basel capital rules have helped to drive mortgage lending and servicing away from banks — and that it’s time to reconsider that approach. Addressing the American Bankers Association (ABA)’s 2026 Conference for Community Bankers on Monday, Bowman described
Basel capital rules may be revised to boost bank mortgage lending Read More »
PropLogix has launched a reporting service through the Financial Crimes Enforcement Network (FinCEN), offering help for title agents to comply with new federal rules. The Department of the Treasury’s Residential Real Estate Reporting Rule mandates reporting on certain residential property purchases made on or after March 1, 2026, when entities or trusts buy them without
PropLogix launches FinCEN reporting service for title agents Read More »