Apply Online
Schedule a Call

HWmember

Clariti AI Studio launches to help cities solve permitting delays

Artificial Intelligence, homebuilder, Homebuilders, Housing Policy, HWmember, Regulatory Compliance, Technology, The Builder's Daily /

As municipalities adopt AI tools to cut days or weeks from permitting and approval timelines, one company has introduced a free training initiative for local governments taking baby steps to explore deploying the technology internally.  Clariti recently announced the launch of Clariti AI Studio, which offers municipalities customized workshops that demonstrate how AI can reduce […]

Clariti AI Studio launches to help cities solve permitting delays Read More »

Rocket expands on VantageScore 4.0 pilot for agency, VA loans

Credit Score, FHFA, FICO, HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage, VantageScore /

Rocket Mortgage and Rocket Pro provided additional details this week on their rollout of VantageScore 4.0 in mortgage lending after officially announcing last week that they have started using VantageScore 4.0 alongside Classic FICO scores. Heather Lovier, chief operating officer of Rocket Companies, told HousingWire that VantageScore 4.0 can currently be used for Fannie Mae, Freddie Mac and

Rocket expands on VantageScore 4.0 pilot for agency, VA loans Read More »

Bank of America extends Community Homeownership Commitment program

Affordability, Bank of America, Homeownership, Housing Market, HWmember, Mortgage /

Bank of America said Thursday that it will continue its Community Homeownership Commitment program after surpassing its original goal of delivering $15 billion in affordable home loans and grants. The program, launched in 2019, has provided more than $15 billion in affordable home loans. This total includes more than $600 million in down payment and

Bank of America extends Community Homeownership Commitment program Read More »

Fair housing groups sue CFPB, Vought over ECOA fair lending rule

CFPB, Discrimination, disparate impact, Fair Lending, HWmember, Lawsuit, Legal, Mortgage, National Fair Housing Alliance, Politics, Trump administration /

A coalition of fair housing and economic advocacy groups sued the Consumer Financial Protection Bureau (CFPB) and acting director Russell Vought on Wednesday, seeking to block a Trump administration-backed rule they say would weaken longstanding protections against lending discrimination. The lawsuit, filed in federal court in Washington, D.C., challenges changes made last month by the

Fair housing groups sue CFPB, Vought over ECOA fair lending rule Read More »

Homebuyer affordability slips in April as median mortgage payment rises to $2,152

Affordability, Homebuyers, HWmember, Mortgage, Mortgage applications, Mortgage Bankers Association, Origination /

Homebuyer affordability declined in April as the national median payment applied for by purchase mortgage applicants rose to $2,152, up from $2,131 in March, according to the Mortgage Bankers Association (MBA)’s Purchase Applications Payment Index (PAPI) released Thursday. The national PAPI rose 0.3% to a reading of 156.0 in April, up from 155.5 in March,

Homebuyer affordability slips in April as median mortgage payment rises to $2,152 Read More »

Wells Fargo to offer 50-bps incentive for ICON 3D-printed homes

Construction, Homebuilders, Housing Market, HWmember, Mortgage, Technology, Wells Fargo /

Wells Fargo has reached an agreement with construction technology company ICON to serve as the preferred lender for its new 3D-printed residential properties. As part of the partnership, the bank will offer a 50 basis-point interest rate incentive to borrowers. “The housing market is looking for new ways to increase supply and improve affordability, and this technology is

Wells Fargo to offer 50-bps incentive for ICON 3D-printed homes Read More »

MasterBrand completes all-stock merger with American Woodmark

Construction, Homebuilders, HWmember, Products, The Builder's Daily /

MasterBrand Inc. has completed its all-stock merger with American Woodmark Corp., combining two of the largest residential cabinet manufacturers in North America at a time when builders are closely watching material costs and product availability. The transaction, first announced earlier this year, creates what MasterBrand calls the most comprehensive portfolio of cabinetry brands and products

MasterBrand completes all-stock merger with American Woodmark Read More »

The wait continues: Two Harbors stalls on CCM merger approval

CrossCountry Mortgage, HWmember, Mergers and Acquisitions, Mortgage, Servicing, Two Harbors Investment Corp., United Wholesale Mortgage /

Two Harbors Investment Corp. has once again adjourned its special meeting of stockholders, giving the MSR-focused real estate investment trust more time to solicit votes for its proposed all-cash sale to an affiliate of CrossCountry Mortgage (CCM). Two Harbors and CCM entered into a definitive merger agreement on March 27. Negotiations with CCM produced two

The wait continues: Two Harbors stalls on CCM merger approval Read More »

LadderUp expands rent-to-homeownership model

Housing Market, HWmember, Mortgage, Rental Properties, Single-Family Rentals /

LadderUp Housing announced on Thursday that it received an investment from the Richard King Mellon Foundation to expand its rent-to-homeownership model into Allegheny and Westmoreland counties in Pennsylvania. The company said the funding will support the acquisition and renovation of homes aimed at helping low- to moderate-income families transition from renting to owning through financial

LadderUp expands rent-to-homeownership model Read More »

Beeline seeks to buy remaining MagicBlocks stake

Artificial Intelligence, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Technology /

Beeline Holdings Inc. has signed a letter of intent to acquire the remaining stake in MagicBlocks, an AI-focused real estate technology firm that powers the lender’s chatbot and digital infrastructure. The deal is non-binding at this point, meaning either party can still walk away before signing a definitive agreement, the companies announced Thursday. Beeline currently

Beeline seeks to buy remaining MagicBlocks stake Read More »