Homebuilder confidence falls to lowest level since August

Homebuilder confidence fell to its lowest level since August 2020, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. Rising material prices and supply chain shortages — specifically, the declining availability of softwood lumber and other building materials — contributed to confidence falling two points to 81 for newly built single-family…

Sizing up claims of appraisers’ racial bias

This is Part II of HousingWire’s deep dive into the appraisal profession, and the wave of racial bias claims that has rocked it. In Part I, we looked at the origins of the profession, its present demographic makeup and leadership, and the many struggles of appraisers. In Part II, we examine the evidence around race-based…

Finding a way to “yes” for each mortgage loan file

Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market.  As Chief Operating Officer at Waterstone Mortgage, Rich Tucker is no stranger to the challenges of last year as he led his team through a record-shattering few months. Shortly…

ICE, DocMagic team up to offer closing technology

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc. is providing the eVault technology which will be integrated into Encompass eClose, ICE’s closing platform, the company said in…

Princeton’s Courtney Graham to speak at engage June 17

Courtney Graham, Princeton Mortgage CMO, will speak at HousingWire’s annual engage.marketing on June 17. Graham will join Bill Dallas, president of Finance of America Mortgage, on a panel entitled Winning in a Red-Hot Purchase Market. Graham, a 2020 HousingWire Woman of Influence, led the creation of Princeton’s affinity partnership channel in 2019. That channel creates and fosters relationships…

Margins Slipping? Use Data for More Accurate Pricing

The mortgage landscape continues to become increasingly more competitive each day. Thanks to the convenience of online rate-shopping tools, a boost in consumer knowledge of the homebuying process, and a growing number of independent mortgage banks, it is now more difficult than ever to lock in a borrower. What’s worse? These factors are causing profit…