Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday.Fitch said its neutral outlook is underpinned by Fitch’s view that mortgage rates are near peak levels. Alth

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months.Builder confidence dropped six points to 34 in November, the fourth consecutive monthly drop, according to the National Association of Home Builde

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool.The 30-year, fixed mortgage averaged at 7.4

Despite multiple class-action antitrust commission lawsuits, increased uncertainty over mortgage rates and low housing inventory, Compass CEO and founder Robert Reffkin says “there has never been a better time to be in real estate than right now.”Reffkin’s remarks were made on Wednesday on an outdoo

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Bressler, CTO at United Wholesale Mortgage (UWM) to talk about how the lender is developing a smart, innovative IT team by giving them a safety net to fail. This interview has been edited for length and clarity.Sarah Wheeler: UWM develops

Nonbank originator Change Lending and the U.S. Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).The parties announced on Thursday that Cha

In a series of recent studies, we analyzed and identified the richest cities in a couple of Rocky Mountain states. Find out the richest cities in Wyoming.

Structures built in the early days of parks such as Yosemite and Yellowstone were defined by a rustic, hand-crafted look intended to fit into the country’s dramatic la...

Blended backsplashes, handmade features, and fluted cabinets are just some of the design predictions for 2024. Explore the trends, and check out the fabulous photos.

Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs.On average, homebuyers put down 14.7% of the home’s purchase price for a primary home in Q3, up from 13.6% one year ago, according to a Realtor.com report. The median

Plunk, an AI-powered home analytics platform, announced a proptech partnership with BHR, a housing data aggregator. Through this collaboration, BHR’s RealReports platform will integrate Plunk’s proprietary AI technology, making property data even more accessible to real estate professionals. Propert

Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect, formerly a subsidiary of mortgage technology company Mortgage Connect LP.Class Valuation acquired the company to bolster its position in the appraisal mar

Stavvy, a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services.Terms of the deal were not announced.Stavvy will acquire assets, including eClosing tools, eNot

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. The wholesale lender will cover up to $600 of the appraisal cost on all conventional and government-backed home loans unti

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR).Yun took the stage on Tuesday at NAR NXT, the trade gro

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. Marc King will continue to serve as President of Keller Williams.“I am grateful to be back,” Willis told HousingWire in an interview. “With a deep knowledge of our company and o

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) managed another solid year of financial performance for the Mutual Mortgage Insurance (MMI) Fund, covering FHA’s Title II Single Family Mortgage Insurance programs.The FHA’s MMI Fund achieved a ca

Detroit-headquartered lender Rocket Mortgage faces a class-action lawsuit for making repeated, unsolicited telephone calls, violating the Telephone Consumer Protection Act (TCPA).According to the suit filed in the U.S. District Court for the District of Arizona on Tuesday, Kellie Deits – a resident

Providence, Rhode Island-based Citizens Bank, the 28th largest U.S. mortgage lender, has decided to close its wholesale channel, which produced over $1 billion in volume in the first half of this year. “After careful consideration, Citizens has made the difficult decision today to discontinue origin