Zillow launching RealEstate.com, new site focused on Millennials

Zillow Group is set to launch a new real estate website that is designed especially for Millennials. The online real estate company will launch the website later this spring from a URL it acquired with the acquisition of Trulia.
Source: HousingWire Magazine

HUD Secretary Ben Carson comes to Dallas/Ft. Worth in next stop on listening tour

When Ben Carson officially became the Secretary of the Department of Housing and Urban Development, he said that one of his first actions would be embarking on a “listening tour” of communities and HUD offices across the country. The next stop on Carson’s tour will be the Dallas/Ft. Worth metroplex. Here's a look at his plans for his time in DFW.

Source: HousingWire Magazine

Freddie Mac: Affordability to hold back home sales in 2017

The squeeze in housing inventory is sending home prices even higher, creating declines in affordability and putting a pinch on prospective homebuyers. Freddie Mac also predicted a drop in mortgage originations of 25%, however the report showed this will come almost entirely from plummeting refinances.
Source: HousingWire Magazine

Consumer confidence surges to 16-year high

Consumer confidence surged in March to its highest level since 2000, following the optimism seen in other parts of the housing market. Consumers are more optimistic about every area of the economy including the labor market, current and future economic conditions.
Source: HousingWire Magazine

Guild Mortgage launches digital mortgage with help from Roostify

Guild Mortgage is going digital, as the lender announced this week that it is launching its own digital mortgage, becoming the latest in a string of lenders choosing to go digital. In the last year or so, lenders like Quicken Loans, Caliber Home Loans, United Wholesale Mortgage, and JPMorgan Chase went digital. Now, Guild Mortgage has its own option, called MyMortgage.
Source: HousingWire Magazine

Freddie Mac plans launch of automated underwriting in 2017

The Federal Housing Finance Agency on Wednesday released a comprehensive report on how Fannie Mae and Freddie Mac performed in 2016, measured against the goals laid out for the government-sponsored enterprises in 2014. One of the highlights? Freddie Mac plans to begin using automated underwriting in 2017.
Source: HousingWire Magazine

Fannie Mae sells off $26 million in NPLs to nonprofit

A nonprofit financial institution won the bid for Fannie Mae’s sixth Community Impact Pool of non-performing loans. This deal on nearly $26 million in NPLs is expected to close near the end of May. Here are the details on the sale.
Source: HousingWire Magazine

Dear lenders, we critically need more young talent in mortgage finance

Lenders and vendors of the tech world filled the expo hall at the Hyatt Regency in downtown Chicago for the Mortgage Bankers Association’s National Technology in Mortgage Banking Conference and Expo. But there was one element that was clearly lacking after scanning the room of attendees. There were few young professionals. How does the industry fix this?
Source: HousingWire Magazine

Pending home sales rebound to highest level in a year

Pending home sales rebounded from January’s decrease, hitting the highest level in almost a year and the second-highest level in a decade. NAR’s chief economist commented that buyers came back in force last month as a modest, seasonal uptick in listings was enough to fuel an increase in contract signings throughout the country.
Source: HousingWire Magazine

MBA: Refinance applications fall to eight-year low

The share of mortgage applications for refinances just fell to a level not seen since October 2008, new data from the Mortgage Bankers Association showed. According to the MBA’s latest Weekly Mortgage Applications Survey, the refinance share of mortgage activity declined to 44% percent of total applications, the lowest that figure has been in more than eight years.
Source: HousingWire Magazine