Competition heats up for lowest-priced homes

Inventory, sales and price cut trends show home buyer demand has decreased overall, but the lowest-priced homes in each market are facing stronger competition than mid- and high-priced homes...

Housing starts fall nearly 10% in July

Single-family housing starts, the largest share of homebuilding, dropped 10.1% to 916 thousand, the lowest level since June 2020. Starts for units in buildings with five units or more fell 10% to 514 thousand, according to the data…

More than half of renters saw rent increase this past year

Nearly 60% of renters say their rents increased in the past 12 months, with about 1 in 3 people seeing rent increases of 10% or higher. In contrast, only 38% of renters received wage increases. A third of those say their raise won’t cover…

Wells Fargo plans retreat from the mortgage business

Wells Fargo, once the largest mortgage provider in the country, is planning to shrink its mortgage activities, Bloomberg News reported. Reports citing unnamed sources said the retreat “will probably start with the bank’s ties to outside mortgage firms…

Builder confidence falls for eight straight month

Despite hopes that the market had “bottomed out,” the current sentiment shows that builders don’t believe this is the case yet. Confidence in the market for newly-built single-family homes fell in August. About 19%, or one in five, home builders…

Housing market shifts toward “buyer-friendly” direction

In July, the median nationwide home price was $449,000. And, for the week ending Aug. 6, listing prices rose by 15.5% over that same week last year. “The good news hiding within the bad is it’s also the second consecutive week of deceleration…

California housing affordability drops to 15-year low

The Traditional Housing Affordability Index found that only 16% of California households could afford to purchase the $883,370 median-priced home in the second quarter of 2022, down from 24% in the first quarter, and…

New York rents hit record highs

Manhattan and Brooklyn have seen the biggest rent increases, according to data from StreetEasy, the article said. In Manhattan, the median asking rent in June was 39% higher than a year earlier and Brooklyn’s was 28% higher…

Mortgage delinquency rate falls to lowest level on record

The mortgage delinquency rate for loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64% of all loans outstanding at the end of the second quarter. The rate dropped to its lowest level since…

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Competition heats up for lowest-priced homes

Inventory, sales and price cut trends show home buyer demand has decreased overall, but the lowest-priced homes in each market are facing stronger competition than mid- and high-priced homes...

Housing starts fall nearly 10% in July

Single-family housing starts, the largest share of homebuilding, dropped 10.1% to 916 thousand, the lowest level since June 2020. Starts for units in buildings with five units or more fell 10% to 514 thousand, according to the data…

More than half of renters saw rent increase this past year

Nearly 60% of renters say their rents increased in the past 12 months, with about 1 in 3 people seeing rent increases of 10% or higher. In contrast, only 38% of renters received wage increases. A third of those say their raise won’t cover…

Wells Fargo plans retreat from the mortgage business

Wells Fargo, once the largest mortgage provider in the country, is planning to shrink its mortgage activities, Bloomberg News reported. Reports citing unnamed sources said the retreat “will probably start with the bank’s ties to outside mortgage firms…

Builder confidence falls for eight straight month

Despite hopes that the market had “bottomed out,” the current sentiment shows that builders don’t believe this is the case yet. Confidence in the market for newly-built single-family homes fell in August. About 19%, or one in five, home builders…

Housing market shifts toward “buyer-friendly” direction

In July, the median nationwide home price was $449,000. And, for the week ending Aug. 6, listing prices rose by 15.5% over that same week last year. “The good news hiding within the bad is it’s also the second consecutive week of deceleration…

California housing affordability drops to 15-year low

The Traditional Housing Affordability Index found that only 16% of California households could afford to purchase the $883,370 median-priced home in the second quarter of 2022, down from 24% in the first quarter, and…

New York rents hit record highs

Manhattan and Brooklyn have seen the biggest rent increases, according to data from StreetEasy, the article said. In Manhattan, the median asking rent in June was 39% higher than a year earlier and Brooklyn’s was 28% higher…

Mortgage delinquency rate falls to lowest level on record

The mortgage delinquency rate for loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64% of all loans outstanding at the end of the second quarter. The rate dropped to its lowest level since…

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Voxtur Analytics acquires Blue Water

Voxtur Analytics Corp. announced that its wholly-owned U.S. subsidiary, Voxtur Analytics US Corp., executed a purchase agreement for the acquisition of Blue Water Financial Technologies Holding Company, LLC. Blue Water’s platform provides asset valuation, MSR...

Q2 Holdings and Rocket Mortgage announce partnership

Digital solution provider Q2 Holdings, Inc. and Rocket Mortgage announced a new partnership enabling Q2 banks and credit unions to offer Rocket Mortgage’s digital home loan application experience, with live mortgage assistance, inside of Q2’s online banking...

Together Credit Union integrates with Black Knight LOS

Together Credit Union announced it has integrated Black Knight, Inc.’s Empower loan origination system to support the credit union's growth and elevate its member experience. The credit union said it needed an LOS that would streamline the loan process for its loan...

Ocrolus, Lendflow announce partnership

Document and data platform Ocrolus announced its partnership with technology provider Lendflow to improve access to credit for small businesses, the company announced, in a move that will allow Lendflow to quickly and accurately determine the viability...

Rocket Mortgage, Santander Bank announce collaboration

Rocket Mortgage and Santander Bank, N.A. announced Rocket Mortgage as the exclusive preferred mortgage provider for Santander Bank customers. Through this relationship, Santander's clients will receive exclusive discounts and dedicated resources to help them achieve...

Radius launches mortgage brokerage in California

Mortgage broker Radius announced it has launched a mortgage brokerage in California. The mortgage launch comes on the heels of the company's $14 million Series A fundraiser and recent expansion to Texas, Florida and Washington. With the addition of a mortgage...

FormFree partners with HomeScout on lead-gen tool

FormFree® has partnered with HomeScout, a wholly owned subsidiary of FirstClose®, to launch HomeScout Qualified Borrower, a tool that helps lenders generate leads and concentrate borrower conversion efforts on mortgage-ready home buyers....

Knock announces new home equity features

Mortgage lender Knock announced two new features that give homeowners the ability to tap into the unprecedented equity gains they've amassed in their current house to make buying a new home more affordable. Homeowners who use Knock Home Swap, which includes a...

Zillow’s AI-powered home tour available nationwide

Zillow® surfing 2.0, an AI-powered home tour, is now available nationwide, the company announced.  Zillow's AI-generated floor plan — powered by Zillow tech but available to use for free on listings anywhere — gives shoppers digital insight and detail so...

Next Moves

Amy Brandt named to Board of Directors at Quisitive Technologies

Amy Brandt has joined the Board of Directors at Quisitive Technology Solutions, a Microsoft solutions provider and a provider of payment solutions. Brandt is a member of several boards. She is operating executive director at Serent Capital, a board member at the...

Leora Ruzin joins CMLA Board of Directors

Leora Ruzin has been named to the Board of Directors for the Colorado Mortgage Lenders Association (CMLA). Ruzin brings a strong background in mortgage lending. She is currently senior vice president of lending at Coloramo Credit Union, a position she has held since...

Carlie Smith joins Aloft

Carlie Smith has joined Aloft as a senior account executive. Smith brings decades of mortgage industry experience to her new role. Before joining the company, she was senior account executive at Amrock. Prior to that, she was vice president of appraisal production at...

Ginger Wilcox named chief revenue officer at RealSure

Ginger Wilcox has taken the role of chief revenue officer at RealSure. Wilcox brings a long, noteworthy career as a mortgage and housing industry executive to her role. Before joining RealSure, she was chief experience officer at Homepoint where she led the company's...

Suzy Djilas named director of sales at SimpleNexus

Suzy Djilas has taken a new role as director of sales at SimpleNexus. She had previously held the position of enterprise account executive with the company. Before joining SimpleNexus, Suzy had been with Ellie Mae for over five years. She had started with the company...

Chris Cunningham joins CloudVirga

NEXT alumnus and past presenter at several NEXT events, Chris Cunningham has joined CloudVirga as sales manager. He was previously director of business development at Xpanse. Cunningham brings 20 years of experience working with mortgage lenders. His career includes...

Karen Sundberg joins Evergreen Home Loans

Karen Sundberg has joined Evergreen Home Loans as talent acquisition manager. She had previously been branch acquisition specialist at Envoy Mortgage. Karen brings over two decades of mortgage industry and recruiting experience to her new role. She has held senior...

Stefan Sowder joins Sagent

Stefan Sowder has been hired as senior manager of content for Sagent. Before joining Sagent, he was director of marketing at Xpanse. Sowder brings 15 years of mortgage industry experience to his new role. Sowder joined appraisal technology provider a la mode in 2007,...

Skylar Olsen joins Zillow as chief economist

NEXT alum and past speaker at NEXT events, Skylar Olsen has been named chief economist at Zillow. The Zillow Economic Research team provides unbiased data analysis about housing markets to inform policymakers, journalists, academics and consumers. This is Olsen's...

Lee Ann Casanova joins Ameritrust TPO

Lee Ann Casanova has been named senior vice president of Ameritrust TPO. Casanova brings over 20 years of mortgage industry experience to her post, with positions that include divisional VP of sales, TPO at PCF Wholesale, TPO buildout specialist for Excell Solutions,...

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