Stearns Lending appoints new leadership amid expansion

As the lender seeks to grow its presence across the U.S., Stearns Lending appointed three new vice presidents across various national regions. The company gives the background of each of its new leadership members, and a look inside their new responsibilities.
Source: HousingWire Magazine

TCF Bank buying Rubicon Mortgage Advisors

TCF National Bank, a Minnesota-based depository, announced this week that it will acquire Rubicon Mortgage Advisors, a mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado, and California. The companies say the deal is a win-win. Here’s why.
Source: HousingWire Magazine

Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger

On Monday, Lennar and CalAtlantic Group announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder. Both Fitch Ratings and Moody’s Investors Service are bullish on the deal. Here’s why.
Source: HousingWire Magazine

Mortgage lending grows riskier in Texas, Florida after hurricanes

Risk for mortgage originations in Texas and Florida jumped in September, reversing its downward trend due to the recent hurricanes, First American reported. However, nationally risk is down – a first for 2017.
Source: HousingWire Magazine

Here's what mortgage lenders should takeaway from rising home prices

With home prices seemingly on a never-ending trajectory higher, lenders are left to adjust how they do business to ensure they stay competitive and profitable. In an interview with HousingWire, Genworth Mortgage Insurance Chief Economist Tian Liu explains what rising home prices mean for lenders.
Source: HousingWire Magazine

Industry advice: Homebuyer education benefits lenders, homeowners, and the industry

[Expert commentary] When borrowers who seemed promising don’t qualify, what can lenders do? Many are using homebuyer education to give these borrowers a positive path forward. Homebuyer education can help borrowers improve their credit score and understand the long-term commitments of homeownership. It’s up to all of us professionals to spread the word about this.
Source: HousingWire Magazine

House Financial Services Committee Chairman Jeb Hensarling not running for re-election

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, will not run for re-election in 2018, the prominent Republican told his supporters on Tuesday. Hensarling may be on his way out of Congress, but he said Tuesday that he won’t stop working to further his agenda for the remainder of his term – including housing finance reform.
Source: HousingWire Magazine

Day 1 Certainty will expand to more lenders before going public

You asked, we answered. After coverage of Fannie Mae’s new upgrade to its Day 1 Certainty product brought out even more questions, HousingWire set to work to get answers. Here’s what we found. Spoiler alert – Fannie isn’t done adding lenders to its pilot program.
Source: HousingWire Magazine

Homeownership rate rises to highest level since 2014

The national homeownership rate continued its slow trek back above last year’s historic lows in the third quarter, rising to levels not seen since 2014. The homeownership rate is now a full percentage point above 2016’s second quarter, when it fell to it lowest level since 1965.
Source: HousingWire Magazine

Freddie Mac made billions in 3Q banner earnings, reaches "$1 trillion of mortgages"

Freddie Mac posted strong third-quarter earnings early Tuesday morning, nearly tripling its net income from the second quarter. Freddie Mac attributed the growth in the third quarter to a mortgage settlement, but even without it, the company would’ve posted strong results. Check out how in the article.
Source: HousingWire Magazine