William Chang is stepping down from his roles as chief capital markets officer at PennyMac Financial Services and chief investment officer for PennyMac Mortgage Investment Trust, the company announced Thursday. Industry veteran Mark Elbaum will succeed him. Chang, who joined the company in 2012, wil

The Mortgage Bankers Association (MBA) is prioritizing its legislative work on a bill that would ban the practice of trigger leads, in which consumer credit reporting agencies share with other lenders that a “hard credit report” was pulled for a mortgage application. This can lead to an onslaught of

On Thursday, the devastation of Hurricane Helene reached a grim milestone as the death toll has reached 200, according to reporting by the The Associated Press. In the western regions of North Carolina, “the storm washed out roads and knocked out electricity, water and cellular service,” the AP repo

The game plan is not to survive until 2025. The executives in this session are rising above and operating from a growth mindset. They have decades of experience with receipts to show their approach works, and they’re going to share their hard-earned wisdom with our audience.Watch the full session be

The reverse mortgage industry could begin seeing some benefits of lower interest rates, but endorsement volume and securities issuance largely continued its trend from the prior month.Home Equity Conversion Mortgage (HECM) endorsements fell by 2.1% from August to September, with 2,153 loans endorsed

Seniors often face a range of emotions when the discussion of downsizing to a different home arises. (Image generated by AI through MidjourneyWhile many older homeowners often entertain the idea of downsizing into a smaller home to better accommodate natural changes to mobility in later life, this d

The real estate industry illuminati believe that mortgage rates dropping below 6% will get housing markets moving again, but there’s growing evidence that the recent decline in rates is already doing so.Redfin’s Homebuyer Demand Index — which measures homebuyer requests for agent services like home

ICE Mortgage Technology is continuing to accelerate the adoption of its more modern tools by sunsetting older tech stacks. The mortgage tech behemoth on Wednesday told clients that it would be launching a pilot program that will ultimately sunset its Encompass CRM in favor of the more modern Surefir

When it comes to housing, real estate and mortgage industry professionals in the HousingWire Pulse Q4 2024 survey chose President Donald Trump’s housing policies over Vice President Kamala Harris’s. Broken down by real estate brokers, real estate agents and mortgage professionals, some 51% of broker

At any point this year, have you worried about how to articulate the value you bring when representing a homebuyer in a real estate transaction? You know what you do, but how do you explain it so a buyer understands your value? Do you detail the required agency forms, the potential pitfalls, and eve

Three Texas-based multiple listings services (MLSs) are teaming up. The Houston Association of Realtors (HAR), San Antonio Board of Realtors (SABOR) and Austin-based Unlock MLS are entering into a data sharing agreement that will give Realtors access to each other’s listings, with the deal set to be

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. The Denver-area MLS has named a new CEO in Dana Bennett, who returns to REcolorado after an 18-month stint away from the company. Bennett’s most recent role at the MLS was as vice president and chief busi

David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S.  Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. He emphasized the

Real estate investors continue to forecast mostly sunny skies for their businesses, according to quarterly survey data released Wednesday by RCN Capital and the CJ Patrick Co. The companies’ Fall 2024 Investor Sentiment Index showed that 68% of investors view the current housing market as “better” o

HomeEquity Bank, the leading reverse mortgage lender in Canada, recently conducted a survey and found that the country’s retirees ages 75 and older were generally happier with their lives than workers in their 50s who are approaching retirement.“According to the findings, 95% of Canadians 75 and old

The Federal Reserve’s 50 basis-point interest rate cut in September is already making an impact on housing markets across the country. But high mortgage rates and affordability challenges put a damper on home-price growth in August.That’s according to CoreLogic’s Home Price Index, which showed that

As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire.As

OptifiNow announced the implementation of its high-tech customer relationship management (CRM) platform with nonqualified mortgage (non-QM) lender Arc Home LLC on Tuesday. The platform offers a new broker scoring system designed for better account management and a tagging system to improve email mar

Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR).After being dismissed with prejudice in 2021 after a lower court ruled that TAN failed to state a claim with prejudice in its third amended complaint, the plaintiff appealed the ru

The candidates for vice president highlighted their housing policies in the VP debate on Tuesday night, one month out from election day. JD Vance, the Republican senator from Ohio, and Tim Walz, the Democratic governor of Minnesota, outlined how their parties would address the housing crisis. After