Live News

HousingWire

• CoreVest finalizes $313M securitization June 29, 2022
  Redwood Trust’s CoreVest division has closed a $313 million private-label offering backed by 82 loans that are in turn collateralized by some 1,800 properties located in 24 states and the District of Columbia. The post CoreVest finalizes $313M securitization appeared first on HousingWire.
• How “generation rent” is approaching home buying in 2022 June 29, 2022
  As mortgage rates rise, inventory remains low and digital trends accelerate, navigating the changing borrower landscape requires tailored strategies. Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders. The post How “generation rent” is approaching home buying in 2022 appeared first on HousingWire.
• Angel Oak Home Loans hires vice president of correspondent sales June 29, 2022
  Angel Oak Home Loans named Steven Valladares as vice president of correspondent sales as the firm focuses on its correspondent channel. The post Angel Oak Home Loans hires vice president of correspondent sales appeared first on HousingWire.
• US housing market is at a crossroads June 29, 2022
  With a sharp rise in mortgage rates and weak existing-home sales, Moody's concluded that the incredible rise in home prices is over. Other housing market observers are using the "R" word. The post US housing market is at a crossroads appeared first on HousingWire.
• Freddie Mac to include on-time rent in underwriting June 29, 2022
  Freddie Mac announced Wednesday that on-time rental payments would be included in its underwriting system starting July 10. The post Freddie Mac to include on-time rent in underwriting appeared first on HousingWire.
• Knox Financial to expand loan products with $50 million in funding June 29, 2022
  Knox Financial will expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The post Knox Financial to expand loan products with $50 million in funding appeared first on HousingWire.
• Mortgage startup Tomo offering 120-day rate locks June 29, 2022
  Tomo says it can provide lock-in periods up to 120 days because it's not depending on investors to buy the loans. The post Mortgage startup Tomo offering 120-day rate locks appeared first on HousingWire.
• Mortgage apps flat even as refis tick up June 29, 2022
  Mortgage apps increased 0.7% on a seasonally adjusted basis, with lower mortgage rates boosting refi activity. The post Mortgage apps flat even as refis tick up appeared first on HousingWire.
• The obstacles to a digital mortgage are changing – Here’s what lenders need to know June 28, 2022
  HousingWire recently spoke with Armando Falcon, CEO of Falcon Capital Advisors, about the continued growth of digital mortgage solutions such as eClosings and what lenders can do to implement eMortgages into their business models.  The post The obstacles to a digital mortgage are changing – Here’s what lenders need to know appeared first on HousingWire.
• As FGMC shuts down, lender partners question fate of loans in pipeline June 28, 2022
  Lending partners of FGMC are frustrated. They say the company agreed to buy millions of dollars in mortgages, but has gone silent since laying off about 80% of its staff on Friday. The post As FGMC shuts down, lender partners question fate of loans in pipeline appeared first on HousingWire.