One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found.
The post There’s no sign of the typical fall slowdown in home buying appeared first on HousingWire.
Are you ready for the new CFPB director?
Over the last month, two of the biggest housing regulators either changed or were rumored to change leadership. Senior Mortgage Reporter Georgia Kromrei helps shed some light on these changes in this Q&A. HW+ Premium Content
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Roostify launches first of many AI-powered APIs on home lending platform
Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. The latest tech, coined Roostify Document Intelligence (RDI) Service, will use AI to classify, validate and extract data from mortgage-related documents. Roostify CEO and Co-founder, Rajesh Bhat, […]
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HW+ Member Spotlight: Tim Anderson
This week’s HW+ member spotlight features Tim Anderson, as he discusses the trends that he is closely following.
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Federal Reserve’s ‘tapering’ plan will open up space in the secondary market
Economists believe the Federal Reserve will soon begin to reduce its MBS purchases. That means Fannie Mae and Freddie Mac will need to find new buyers. HW+ Premium Content
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Fannie Mae: Mortgage rates and home prices will rise in ’22
Economists at Fannie Mae expect higher mortgage rates and home prices next year due to higher inflation, a tightening of monetary policy, and low home inventory
The post Fannie Mae: Mortgage rates and home prices will rise in ’22 appeared first on HousingWire.
Mortgage credit-score hopeful VantageScore has a new CEO
VantageScore Solutions announced this week its long-time CEO Barrett Burns would step down and Silvio Tavares, a financial services and fintech veteran, will fill the role.
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Wells Fargo reports lower origination volume in Q2
Wells Fargo’s retail business in Q3 came in at $32.5 billion in originations, while the correspondent channel produced $16.7 billion worth of mortgages. HW+ Premium Content.
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