We’ve reached fresh new year-to-date lows in mortgage rates after Jerome Powell, speaking at the Jackson Hole Economic Summit on Friday, suggested that the labor market may be more important than inflation for the time being. If only someone had been saying that for a few years! All jokes aside, mortgage rates have been trending […]
Mortgage rates hit year-to-date lows after Powell comments Read More »
Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a year ago. Analysts point
Home purchase cancellations hit 8-year high Read More »
Housing affordability is taking center stage this fall for the Trump administration. From President Donald Trump’s early executive order ordering the heads of all executive departments and agencies “to deliver emergency price relief,” to Treasury Secretary Scott Bessent highlighting housing affordability as one of his “big projects,” the affordability crisis is clearly top of mind.
Rising insurance costs cut into buyer affordability Read More »
Artificial intelligence is dominating headlines, investor decks, and conference panels—but in mortgage lending, the real breakthroughs aren’t always the flashiest. As the industry moves past the AI hype cycle, the more important question is: What does meaningful adoption actually look like in mortgage? We’re at a pivotal moment. Lenders are facing a convergence of rising
The real work of AI in mortgage tech begins now Read More »
Industry veteran Bill Dallas, chairman of Dallas Capital and former president of Finance of America, says accessory dwelling units (ADUs) still face major hurdles before they can become a reliable solution to what he calls the nation’s “largest social challenge:” affordable housing. “One of the challenges… is that the laws are so difficult and varied
ADUs could remedy America’s housing crisis, but obstacles remain Read More »
For eXp Realty, artificial intelligence (AI) is not a side project — it’s a company-wide mandate. Following a session at HousingWire’s AI Summit where eXp chief technology officer Sumanth Kamath talked about how the company was utilizing digital twin technology, HousingWire sat down with eXp CEO Leo Pareja and International Director Felix Bravo to find
eXp Realty embraces digital twin tech to transform workflows Read More »
WFG National Title Insurance Co. has been added to Fannie Mae’s list of approved title insurers for multifamily transactions. The designation means lenders and borrowers using WFG for Fannie Mae–financed multifamily deals can avoid delays caused by policy exceptions or compliance issues. Fannie Mae requires approved insurers to meet financial strength, quality and coverage standards
WFG National Title added to Fannie Mae’s multifamily approval list Read More »
LUX Real Estate Company ERA Powered has expanded with the acquisition of Vail Real Estate Center, the firm announced this week. The Cherry Creek North, Colorado-based brokerage — founded and led by Emily Duke — will now have a presence in one of the state’s most competitive resort markets. Founded in 2013 by longtime Vail
ERA Real Estate expands in Colorado Read More »
The knowledge and use of artificial intelligence (AI) among older generations is often misunderstood and mischaracterized. But seniors are often following the path of the wider population when it comes to incorporating AI into their daily lives. Recent survey data published by the University of Michigan found that 55% of respondents in the 50-and-older age
As seniors gain comfort with AI, how should reverse mortgage lenders respond? Read More »
Attention Mortgage Professionals! You’ve been selected to participate in our exclusive survey on AI in mortgage operations. Your insights are crucial! Click Here As noted at the HousingWire AI Summit, exploring AI solutions is essential. We want to know your journey and strategies in this exciting field. Participate and you could win! You could be
Survey: Where are you in the AI revolution in mortgage operations? Read More »