30-year mortgage rates see largest one-week drop in a year, reviving mortgage demand

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. 9, the largest one-week decrease since last November.The 30-year, fixed mortgage averaged 7.5% as of Nov. 9, according to Freddie Mac‘s Primary Mortgage Market Survey. That’s down sign
Read MoreHow the commission lawsuits may prompt intervention from DOJ and regulators

For Regina Braga, the president of Res/Title, the verdict in the Sitzer/Burnett commission lawsuit did not come as a surprise.“We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights
Read MoreBetter launches white-labeled mortgage-as-a-service platform

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform.The integrated end-to-end digital mortgage white-labeled platform aims to cut origination costs and helps partners limit operat
Read MoreGSEs: Lenders must address quality issues for ‘fatal data points’ before delivering loans

Fannie Mae and Freddie Mac jointly announced this week that they have entered a new critical edit phase for their Uniform Closing Dataset (UCD) as of Nov. 6, informing lenders that they must address quality issues for “fatal data points” before delivering loans to either of the government-sponsored
Read MoreAs rates climb, how are non-QM lenders faring?

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business.But how are the non-QM lenders faring?According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%.“Our pipeline is up ab
Read MoreMr. Cooper partially resumes operations after cyberattack

Mr. Cooper Group announced on Thursday that certain systems it locked down in early November after a cyberattack have resumed operations. Still, the incident will bring additional costs to the company in the fourth quarter. On Oct. 31, Dallas-based Mr. Cooper disclosed that it had experienced a cybe
Read MoreNAF’s Rick Arvielo on AI, offshoring tech, and not screwing it all up

HousingWire Editor in Chief Sarah Wheeler sat down with Rick Arvielo, co-founder and CEO of New American Funding (NAF), to talk about AI, why he chose to start NAF Technology India and how to keep NAF innovative. This interview has been edited for length and clarity.Sarah Wheeler: New American Fundi
Read MoreLawmakers introduce affordable manufactured housing community bill in House, Senate

Democratic lawmakers in the U.S. Senate and U.S. House of Representatives are introducing a new bill to the legislature today designed to both “preserve” and “revitalize” manufactured home communities across the United States.Spearheaded by U.S. Senators Catherine Cortez Masto (D-Nev.), Jeanne Shahe
Read More$70 Million Buys Peak Views And Privacy Above Bustling Hong Kong

Nestled in greenery, the home looks out over the sea and faraway islands while the south side of Hong Kong fills the expanse below.
Read More2023 Poverty Rate By State, Per The Latest Census Data

Find out which states suffer from the highest levels of poverty and which do not.
Read MoreDome-Shaped Condo Is A Standout Among Vail Ski Homes

Vail, Colorado, has no shortage of notable landmarks.
Read MoreThe Struggle: Relief Needed For Landlords Of New York City Rent-Regulated Housing

Over the last four years, landlords of rent stabilized buildings in NYC have faced a number of challenges including new regulations, rent arrears and increased expenses.
Read MoreThere’s A Surprising Top City For 2024 Apartment Investment, Urban Land Institute Finds

New York City and the surrounding region have received a lot of negative attention about losing population.
Read MoreFrom WeWork To Flow: Unpacking Adam Neumann’s Second Act

WeWork was Neumann’s first unicorn. It is bankrupt. Neumann has moved to Flow, which is reliant on the flawed first-mover model against tough competitors. What's next?
Read MoreGen Z Shoppers Transforming Holiday Retail: The Rise Of In-Store Experience

As malls across the country prepare for the holiday season, Gen Z shoppers are emerging as a significant force in the shopping landscape.
Read MoreFrom Remote Work To Hotelization: Redefining Multifamily Living

To remain competitive, property managers need to be proactive about connecting with their residents, hearing their desires, and following through as a trusted partner.
Read MorePalatial 110,320-Square-Foot Estate In Las Vegas Seeks $25 Million

The sheer scale of the place—110,320 square feet of living space in multiple buildings—sounds more like a Vegas hotel than a residence.
Read MoreSimple Home Changes Can Offset Negative Time Change Effects

"The time change disrupts your circadian rhythm," she added, explaining that it’s an internal clock influenced by the sun’s path and light synchronizing your body’s ac...
Read MoreContemporary Style Meets Country Living On 20-Acre Spread In Santa Barbara County

The sprawling concrete, glass and steel structure was built to capitalize on sweeping views of the surrounding rolling hills and native oak trees.
Read MoreThe Richest Cities In Minnesota, Revealed By The Latest Census Data

Minnesota is a state filled with natural beauty, stunning lake country, and delightful towns. Find out what the 50 richest cities are in Minnesota.
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