Housing Wire
Will home prices continue to grow in 2024?
A few months ago I published a video where we asked, “How much will home prices gain by the end of the year?” Using a headline like that should come with a trigger warning. We […]
Year: 2023
Housing Wire
Fintech Upright launches DSCR rental loan
Cleveland, Ohio-based fintech Upright has launched a debt service coverage ratio (DSCR) rental loan to investors, the company announced on Monday. DSCR rental loans are non-qualifying mortgages (non-QMs) used by real estate investors to qualify for a […]
Weely Real Estate News
The Newest Housing Reality Show ‘Cabin Wars: Flip It To Win It’
The Covington, Louisiana-based real estate development firm Servio Capital is producing a five-season reality TV show series called, “Cabin Wars: Flip It To Win It.” The show will focus on renovations of cabins at a […]
Housing Wire
6% mortgage rates are back (for select borrowers)
After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. Some borrowers are even getting quoted in the 6% range. A top-tier borrower with a […]
Housing Wire
Redfin expands new pay plan to two new California markets
After a successful launch of its new agent pay structure in Los Angeles and San Francisco in late October, Redfin announced Monday that it was expanding the new pay structure to its San Diego and […]
Weely Real Estate News
A Phil Hall Op-Ed: HUD’s Self-Congratulatory Accolades
A Phil Hall Op-Ed: It’s a shame that Time Magazine tapped Taylor Swift as its Person of the Year last week, because the U.S. Department of Housing and Urban Development (HUD) has its own candidate for […]
Housing Wire
Wells Fargo, other mortgage lenders under scrutiny for pricing exceptions: CNBC
Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. The bank received Matter Requiring Attention (MRA) […]
Housing Wire
Builders rediscover a tool from the 1980s that keeps new home prices from falling
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns, a tool more widely […]
Weely Real Estate News
Darlene Goins Named President of the Wells Fargo Foundation
Wells Fargo & Co. (NYSE:WFC) has hired Darlene Goins as president of the Wells Fargo Foundation and head of the San Francisco-based bank’s philanthropy and community impact endeavors. In her new roles, Goins will be […]
Weely Real Estate News
Monique Davis Appointed CEO of WORKS, a Nonprofit Affordable Housing Group
Women Organizing Resources Knowledge and Services (WORKS), a nonprofit specializing in affordable housing development in Los Angeles County, has named Monique Davis as its new CEO. Davis succeeds Channa Grace, who led WORKS for nearly […]