HousingWireHousingWire In the August rate update, I explained why over 99% of Home Equity Conversion Mortgages (HECMs) are variable interest rate loans and the advantages of this over the fixed-rate counterpart. Some of those advantages improve over time, like the organic line-of-credit growth. So, would it make sense to apply…
Continue reading →HousingWireHousingWire In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. But if prior suppositions about this trend being overblown failed to convince people, new data might…
Continue reading →HousingWireHousingWire Rocket Companies, the parent of Rocket Mortgage, has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. Rocket aims to double its current market share in purchase mortgages from 4% to 8% and expand its refinance…
Continue reading →HousingWireHousingWire Michael Barr, the Federal Reserve‘s vice chair for supervision, on Tuesday spoke at the Brookings Institution in Washington, D.C., about the 2023 Basel III Endgame proposal, which would modify risk-based capital requirements for large banks. Following an extensive review process that included stakeholder comments in the intervening time —…
Continue reading →HousingWireHousingWire HousingWire asked past Tech Trendsetter honorees about the biggest tech transformations they’ve witnessed and where companies in mortgage and real estate should focus their energy in 2024. Their unanimous answer: artificial intelligence (AI) is revolutionizing how the industry works, from boosting productivity to streamlining operations. Dive into their insights…
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