The Carrington Companies tapped Andrew Taffet as its new CEO. Taffet, who is currently serving as Carrington’s chief investment officer, will continue in that role while succeeding company founder Bruce Rose. Rose will assume the role of executive committee chairman for the Carrington Companies. Taf

New data illustrates a discrepancy between the perception of baby boomers who lose money to financial scams and the actual rate of seniors to fall prey to such bad actors.This is according to the results of a survey conducted by market research firm Ipsos and HomeEquity Bank — Canada’s leading rever

Struggling New York Community Bancorp (NYCB), which triggered fears of new bank collapses, could benefit from selling mortgage servicing rights (MSR) to improve its capital ratio, according to analysts at Keefe, Bruyette and Woods (KBW). NYCB became a large mortgage servicer after the acquisition of

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center. At the same time one ye

The legendary billionaire CEO of Berkshire Hathaway, Warren Buffett, has found himself at the center of one of the nation’s largest real estate commission lawsuits.In an amended complaint filed on Monday, the plaintiffs in the Gibson commission lawsuit, which was filed in early November in Missouri

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new data shows that the decline was not the same between the retail and wholesale channels of the business. The pullback in retail was not as

Add mortgage tech firm Guideline Buddy to the list of companies with an artificial intelligence-powered chat tool.Guideline Buddy’s chatbot leverages generative AI technology to simplify the loan qualification process by providing swift and accurate information, freeing professionals from the time-c

Three Bayview Asset Management-owned mortgage servicers are seeking to halt a plaintiff’s filing in a data breach lawsuit, citing an overabundance of confidential information shared about the incident, National Mortgage News first reported. The objection, filed on Feb. 28 in federal court, represent

In our dedication to providing the full picture to housing professionals across the U.S. housing market, HousingWire has partnered with Illinois Realtors, bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s real estate market. Illinois Rea

In many respects, 2023 was the year of the homebuilder. The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual

We millennials (at over 40, I’m an elder millennial or Xennial) are a vocal bunch for sure, having been the designers and original influencers of social media (Think: Mark Zuckerberg and Kim Kardashian!)!Assuredly, social media is like our personal journals, for better or worse.As a result, unlike p

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. Mayor Daniella Levine Cava will propose a new property tax-backed debt package later this year that would raise $2.5 bill

Rithm Capital, a New York-based asset manager with a focus on real estate — and the parent of multichannel lender Newrez — is the latest company in the mortgage space to issue debt. Rithm is joining a list that includes competitors Mr. Cooper Group, Freedom Mortgage, PennyMac Mortgage Investment Tru

Smart home technology — often in the form of a voice-activated virtual assistant that can automate devices in the home — can be a tool to facilitate aging in place. Experts on the topic of aging, and specific programs that provide this technology to seniors, have illustrated the potential, but the m

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time h

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. Of course, I have a different view. My podcast partner, Editor in Chief Sar

The U.S. Department of Agriculture (USDA) announced on Friday that it has lowered the interest rates for its single-family housing (SFH) direct home loan programs as of March 1, according to an email update sent out earlier this week.Section 502 SFH Direct rates are now 4.5%, SFH non-program rates a

Kiavi, one of the nation’s largest private lenders for residential real estate investors, closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-a

By and large, homeowners who are 60 and older love where they live and have a preference to age in place. They may also see the equity in their homes as a “financial reserve” and are generally confident in their retirement plans, but they are far less interested in employing their home equity in ret