Sam Hall/Bloomberg Homebuying power is at its highest level in nearly four years, as lower mortgage rates and slowed demand has improved affordability, a new industry report found. Processing Content A median-income household in the United States could comfortably afford a $331,483 home with a 20% down payment in January, $30,000 more than a year […]
Homebuying power hits highest level in nearly 4 years Read More »
The wide-ranging nonagency mortgage market is giving traditional lenders more reasons to consider branching out into it, according to servicers supporting these strategies. Processing Content “Certain types of nonowner-occupied GSE loans that are agency deliverable now trade better in the nonagency space,” said Michael Yanniello, chief operating officer, head of portfolio oversight and operations, Onity
Servicers offer support as nonagency gets more competitive Read More »
International law firm Morgan Lewis has hired Joseph Gatti as a partner in its structured transactions practice, the company announced. Processing Content Gatti will be based in the firm’s Washington, D.C. office, where he focuses on structuring and executing asset-backed securities deals and other structured finance transactions, the company announced. He joins from Amherst Residential,
Joseph Gatti joins Morgan Lewis as structured finance partner Read More »
Al Drago/Bloomberg Processing Content Key Insight: The high-stakes case revolves around the actions of Russell Vought and President Trump’s publicly stated goal to eliminate the CFPB, challenging Congress’ authority to establish the agency. What’s at stake: The National Treasury Employees Union is fighting to maintain an injunction that has blocked the CFPB’s leadership from laying
CFPB shutdown battle reaches crucial D.C. Circuit hearing Read More »
Key Insight: Fed Gov. Christopher Waller highlighted his skepticism on whether the labor market is showing signs of recovery, or whether the January jobs report was a one-off. Expert Quote: “If the good labor market news of January is revised away or evaporates in February, it would support my position at the FOMC’s last meeting,
Waller questions January jobs surge, backs possible March cut Read More »
For a lot of parents or grandparents, watching a family member struggle to buy their first home right now is hard. That’s because you saw firsthand how homeownership gave your life more stability and helped grow your net worth – and you want your loved ones to have those same opportunities. But with all the
How Your Equity Could Help Younger Generations Buy a Home Read More »
Midwest apartment demand has quietly become one of the strongest stories in U.S. housing, even as the national rental market cooled. RentCafe, using data from its sister apartment rental analytics provider, Yardi Matrix, listed Cincinnati as the top apartment market to watch this rental season. Minneapolis, Cleveland and Kansas City, Missouri, ranked in the top
Midwest apartment demand outpaces Sun Belt as rents remain firm Read More »
Editor’s note: Welcome to the first installment of the Monday Morning Q&A from HousingWire’s Reverse Mortgage Daily (RMD). Each Monday morning, the RMD newsletter will feature an in-depth interview with a reverse mortgage industry figure on a wide range of topics including loan origination and servicing, product development and technology. Dan Hultquist has no shortage
Dan Hultquist on reverse mortgage policy reform and more Read More »
The next housing transition will not be defined by who builds the most units.It will be defined by who controls the rental workflow. For years, the rental conversation has centered on demand. More renters. Longer tenures. Fewer paths to homeownership. That story is familiar and by now well understood by most real estate professionals. What’s
The rental market has entered its infrastructure era Read More »
Weekly pending home sales, which had shown year-over-year growth up until the late-January snowstorm, got back on track with year-over-year growth again last week. One thing to remember about our weekly pending sales data: it takes about 30-60 days to be reflected in the existing home sales data, so not only did the snowstorm delay
Weekly pending home sales back to year-over-year growth as we head into spring Read More »