MAXEX launches equity investment, partnership to enhance liquidity
Digital Mortgage Exchange and Loan Aggregator maxx announced Monday that it has closed an equity investment round and partnership to expand liquidity amid recent market volatility. Terms of the transaction were not disclosed. The investment round was jointly led by the financial institution South Street Securities Holdings and investment firms Atlas Merchant Capitalpresided over barclays […]
GSE completed nearly 60,000 foreclosure prevention actions in the first quarter of 2023: FHFA
Additionally, forbearance plans initiated decreased to 34,479 in Q1 from 47,068 in Q4 2022. The total number of loans in forbearance at the end of Q1 was 65,757, representing 0.21% of total loans paid off and 15% of loans outstanding. Sixteen percent of home modifications in Q1 were modifications with original tolerances, the report said. […]
Fannie Mae lowers 2023 single-family origination forecast to $1.59 trillion
Current housing market dynamics continue to be fueled by a shortage of existing homes available for sale, a trend that did not improve during the spring home buying season, when more homes are typically placed on the market. it has led fannie mae To reduce its 2023 single-family income forecast from $1.65 trillion to $1.59 […]
Opinion: Biden should focus on the housing crisis
This week, Joint Center for Housing Studies This year’s “State of the Nation Housing” was released at Harvard University. The report is damning for those trying to expand home ownership opportunities and presents an incredible challenge to policymakers, stating, “As the cost of home ownership rises , the less likely it is to eliminate the […]
Legend Lending Chief Innovation Officer on digitization and the importance of the human element in lending
The HousingWire Awards Spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Award, Enrollment for HousingWire 2023 HW Insider Open through the end of today, June 23, 2023. Click here To nominate someone from your organization today. Today is the last day to submit nominations for the 2023 HW […]
Housing Market Tracker: Inventories Get Summer Lift
Summer is here, and the accommodation inventory is finally growing! Spring housing inventory was like a zombie rising from the grave, very slow, but summer is showing some hope and let’s hope it continues. Shopping apps had a slight week-over-week gain. Mortgage rates were again in a smaller range, hanging near 7%. Here’s a recap […]
Legend Lending COO on digitization and the importance of the human element in lending
The HousingWire Awards Spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Award, Enrollment for HousingWire 2023 HW Insider Open through the end of today, June 23, 2023. Click here To nominate someone from your organization today. Today is the last day to submit nominations for the 2023 HW […]
Affordable housing, homelessness bill introduced by Rep. Waters
Representative Maxine Waters (D-Calif.), Ranking Member US House of Representatives The Financial Services Committee this week reintroduced three pieces of proposed legislation to boost affordable housing investment, expand the Housing Choice Voucher program and provide billions of dollars in aid for first-generation, first-generation homebuyers. “Together, these bills represent the largest and most comprehensive investment in […]
Offers up to $4K down payment assistance to CrossCountry buyers
crosscountry mortgage (CCM), the nation’s third largest retail mortgage lender, this week unveiled its latest initiative aimed at helping first-time home buyers overcome the financial barriers to home buying in today’s competitive housing market. The CCM Smart Start program will provide up to $4,000 of down payment assistance to eligible individuals, giving them additional purchasing […]
Title premium volumes declined 43% year-on-year in Q1
Higher mortgage rates, economic uncertainty and lower housing inventory helped little by little in the amount of title premiums during the first quarter of 2023. In the first three months of the year, the title industry generated $3.37 billion in title insurance premiums, down 43% from the previous year. year, according to american land title […]
