The housing supply gap expanded in the United States last year, driven by continued underbuilding, new industry data shows. Processing Content The gap hit an estimated 4.03 million homes, an increase from 3.8 million in 2024, according to the 2026 Housing Supply Gap Report from Realtor.com. This marked the third-largest annual deficit since 2012, behind […]
Underbuilding expands housing supply gap to 4 million Read More »
Early-year data shows a noticeable slowdown in government-backed reverse mortgage endorsement volume, and the rise of proprietary products may be playing a role. Processing Content Endorsements of Federal Housing Administration-backed Home Equity Conversion Mortgages dropped 20.7% between January and February to 1,821 transactions, according to the latest data from Reverse Market Insight. January’s total had
HECM lenders see subdued numbers to start the year Read More »
Elliott Investment Management, SMBC and Macquarie Group Ltd. are exposed to Market Financial Solutions Ltd., adding to the list of Wall Street firms caught up in its collapse. Processing Content Elliott holds about £200 million ($268 million) of mortgage-backed facilities tied to the failed lender while Sumitomo Mitsui Banking Corp. has about £100 million of
Elliott, SMBC and Macquarie exposed to collapsed lender MFS Read More »
Key insight: The White House has indicated its support for the compromise legislative language now moving forward in the Senate. The House passed its own housing bill last month, which included a number of community bank-related riders. What’s at stake: Legislative language related to brokered and custodial deposits, as well as other policy reforms aimed
Housing bill moves forward with institutional housing ban Read More »
One of the odd things about Monday’s bond action and oil prices is that I didn’t believe the markets were taking the Iran situation seriously yet, given other data lines. Oil prices rose on Monday, but not to levels that I would consider escalation fears, nor did the 10-year yield, which closed at 4.05%. This
Markets are starting to price in escalation with Iran, but not fully yet Read More »
RenoFi, an end-to-end financing platform built exclusively for home renovations, announced Tuesday that it closed a $22 million Series B funding round led by Fifth Wall and participation from Progressive Insurance and other new investors. In addition to their financial backing, Fifth Wall and Progressive Insurance join RenoFi as strategic partners, a move the company
RenoFi to expand AI-powered renovation financing after $22M Series B funding Read More »
Blend Labs Inc. on Tuesday announced the launch of Blend Autopilot, an AI-powered agent designed to accelerate the mortgage application process. With traditional mortgage origination taking up to 30 to 60 days and costing $11,000 or more per loan, Blend Autopilot automates document review, compliance checks, follow-ups and application updates in real time as it
Blend launches Autopilot AI agent Read More »
HMDA reporting season has just wrapped as financial institutions were required to submit detailed data from the previous calendar year’s mortgage applications and loans to their regulators by March 2nd. But for compliance professionals at community banks, the work doesn’t stop there. HMDA reporting has become less about “checking the box” and more about defending
How to ensure locked-down compliance during HMDA reporting season, and year-round Read More »
Nature abhors a vacuum and does something about it. Homebuilders, their business and channel partners, their investors and lenders and their customers abhor uncertainty. But what can and will they do about it? Other than brace for more bumps. More air pockets. More “buying” of sales rather than selling of American households on houses that
What war risk could mean for builders, rates and spring demand in 2026 Read More »
Experian is imposing another price increase on credit reports sold to mortgage lenders — an unusual move at this time of year, according to resellers who spoke with HousingWire. “I have never seen a price increase after a price increase in January,” said one reseller executive, who requested anonymity to avoid potential retaliation. “It comes
Experian imposes another price increase on mortgage lenders Read More »