Are zero-energy homes the new wave in housing?

Americans are making an effort to be more environmentally cautious, especially in the wake of natural disasters that have ravished local communities across the country. This is especially so for De Young Properties, which has set a precedent that could be responsible for bringing 100,000 zero-energy homes a year to California.
Source: HousingWire Magazine

Former Fannie Mae employee found guilty of making millions on shady foreclosure sales

A former Fannie Mae employee is now facing 40 years in prison after being found guilty of accepting millions of dollars in bribes and kickbacks in exchange for selling Fannie Mae-owned foreclosures for less than market value. Here are all the details.
Source: HousingWire Magazine

As housing markets around the nation weaken, Atlanta thrives

While metros across the country weaken in the wake of a housing market slowdown, the city of Atlanta is thriving, according to new data from Redfin. Redfin CEO Glenn Kelman said Atlanta is probably the nation’s hottest large housing market.
Source: HousingWire Magazine

Only half of houses for sale are affordable for the average buyer

Housing affordability continues to hover near a 10-year low, and the National Association of Home Builders is urging policymakers to do something about it. Of the homes sold in Q4, just 56.6% were affordable for those earning the country’s median income of $71,900. “Historically, housing has been the canary in the coal mine, and these ongoing affordability woes should serve as a wake-up call to policymakers to take immediate action,” said NAHB Chairman Randy Noel.
Source: HousingWire Magazine

Here's a compelling reason to take a reverse mortgage ahead of retirement

A reverse mortgage isn’t a good fit for everyone, but for older homeowners with sizable equity and no intention of moving, the loan can make sense. And here’s one compelling reason why: When a homeowner over the age of 62 refinances their traditional mortgage into a reverse mortgage, they can make their mortgage payments optional. For those who are on the brink of retirement and staring down the barrel of a limited, fixed income, this could make all the difference.
Source: HousingWire Magazine

Expert to mortgage lenders: Update your tech or the end is near

Mortgage lenders need to adopt new technology, or risk facing the end, said The Money Source President Ali Vafai, a HousingWire 2017 Rising Star. “If the rate of change on the outside is faster than the inside, the end is near.”
Source: HousingWire Magazine

Economists: There's now a 25% chance of a recession in the next year

A new poll from Reuters shows that there’s a 25% chance of a recession in the next 12 months. “There is a lot of uncertainty and there are some good reasons to forecast a slowdown in 2019 as compared to in 2018,” Jim O’Sullivan, chief U.S. economist at High Frequency Economics, told Reuters.
Source: HousingWire Magazine

Calabria to Senate: Don’t expect any changes to GSE multifamily business

While Mark Calabria could very well enact some significant changes at Fannie Mae and Freddie Mac if he’s approved to serve as the next director of the Federal Housing Finance Agency, Calabria told a Senate panel this week that there likely won’t be any changes to the way that Fannie and Freddie operate in the multifamily space.
Source: HousingWire Magazine

Mr. Cooper names new head of communications and human resources

Mr. Cooper Group has named Kelly Ann Doherty as executive vice president and chief people & communications officer. This newly created position unites the company’s human resources and corporate communication departments under one leader.
Source: HousingWire Magazine

HomeStreet Bank moves to sell off almost entire mortgage business

After struggling to keep up with the mortgage business’ new reality of lower refinance originations due to higher mortgage interest rates, HomeStreet Bank is plotting a mass exodus from the mortgage business. The bank announced Friday that it is planning to sell off its entire retail mortgage operation, which includes 72 home loan centers in five states.
Source: HousingWire Magazine