Mountain View
Kimberley Haas
Immigration’s Impact On Housing Affordability Highlighted During VP Debate
Senator JD Vance blamed illegal immigration in the United States for the high costs of housing during the vice presidential debate Tuesday night. Vance (R-OH) and Governor Tim Walz (D-MN) were asked about the high costs of housing and rent, the top contributor to inflation, at approximately 10:05 p.m.
With Election Coming, U.S. Sees Lowest Home Turnover Rate In Decades
Just 2.5% of U.S. homes changed hands in the first eight months of 2024 as elevated mortgage rates, low inventory, and political uncertainty kept people in place. According to a new report from Redfin, this is the lowest turnover rate in decades. In comparison, the turnover rate was 4% in 2021 and 3.6% in 2019.
Study Shows How Lenders Can Remove AI Bias
As mortgage lenders work to improve efficiencies using artificial intelligence, the concept that large language models could lead to discrimination against Black borrowers is concerning. But researchers say preventing bias is surprisingly easy.
UWM Attorneys Say Class Action Lawsuit Was Filed In Bad Faith
Lawyers for United Wholesale Mortgage are questioning the integrity of a class action lawsuit that claims consumers were duped into overpaying for their loans by brokers who sent most of their business to the lender.
Housing Industry Leaders React To Rate Cut By Fed
After months of anticipation, the Federal Reserve cut interest rates by half a percentage point at its meeting this week. This move is expected to boost consumer confidence and bring potential home sellers and buyers off the sidelines and into the housing market.
How Immigration Has Put Pressure On The Rental Housing Market
Recent surges in immigration have pushed demand for rental housing and the effects will be felt for years to come. During a recent webinar, Eric Finnigan, vice president of demographics research at John Burns Research and Consulting, said that they are tracking data from the Congressional Budget Office, and immigrants with pending legal status are behind the surge.
Rocket Founder Dan Gilbert Speaks About Future Of Company During Investor Day
During the first Investor Day held by Rocket Companies, Founder Dan Gilbert shared his vision for the Detroit-based fintech platform. During an on-stage chat with President Bill Emerson, Gilbert said the influence of the internet became clear in the 1990s and since mortgages are not a physical item, it was obvious to him that these products could be offered online successfully.
Talk’uments Integrates With nCino Giving Borrowers With Limited English Proficiency Options
People with limited English proficiency can get access to mortgage documents in their native language with advancements in technology. Talk’uments is a digital language technology provider that empowers borrowers with interactive loan information. Company leaders recently announced an integration with nCino, a provider of cloud banking for the financial services industry.
UWM Boasts About Consumer Savings As Class Action Lawsuit Heats Up
Leaders at United Wholesale Mortgage say consumers save thousands of dollars working with an independent mortgage broker while lawyers in a class action lawsuit continue to present evidence that the company duped borrowers into believing they got the best deal on their home loans.
Rocket Pro TPO EVP Talks About New Programs, Putting The Client First
The executive vice president of Rocket Pro TPO has some advice for the broker community as temperatures cool and autumn begins: Ignore the noise. “We live in a world where there’s so much noise out there. I mean, there’s stuff on social media. If you turn on the TV, you hear stuff about the market. Everyone is somehow predicting what the rates are going to do, where the market is going to go, and my message to the broker community is I would ignore the noise. I would focus on the client,” Mike Fawaz said in an interview with The Mortgage Note.
Harris’ Housing Plan Highlighted At DNC
Vice President Kamala Harris brought up housing during her speech at the Democratic National Convention in Chicago. Harris was talking about her plan to create an “opportunity economy” where everyone has a chance to compete and succeed regardless of where they live.
Informative Research Technology Platform Expands Options For Lenders
A technology platform that delivers data-driven solutions to the lending community is thriving as company leaders expand their options for customers. Leaders at Informative Research recently announced that they have integrated additional Equifax solutions that leverage The Work Number, which offers credentialed users access to 670 million records to verify income and employment.
Zillow Group Promotes Jeremy Wacksman To CEO, Announces Q2 Results
Chief Operating Officer Jeremy Wacksman has been promoted to chief executive officer at Zillow Group. He succeeds co-founder Rich Barton, who remains on the board of directors and becomes co-executive chair alongside Zillow co-founder and current Executive Chair Lloyd Frink.
Making Time To Give: Embrace Home Loans Supports Volunteer Efforts
Employees at Embrace Home Loans give back to their local communities every year as part of a company-wide initiative called Orange Week and leaders there say volunteer opportunities make a positive impact on their workforce.
UWM CEO Says Momentum Is Building, Reports Strong Second Quarter
The CEO of UWM Holdings Corporation says Q2 2024 was another strong quarter for United Wholesale Mortgage and the wholesale channel. Mat Ishbia said in a statement that the wholesale channel market share is at a 15-year high and his company is in a prime position to capitalize and grow when interest rates drop.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.