HousingWire

• Housing Market Tracker: Mortgage rates over 7% May 28, 2023
  Debt ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring selling season.
  Sarah Wheeler
• Real estate agents wonder if inventory levels will ever return to ‘normal’ May 26, 2023
  Industry experts have said the market and inventory returning to normal, but agents say that isn't the case in many markets across the country.
  Brooklee Han
• How LOs get into a real estate agent’s circle May 26, 2023
  “That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, said. “The lender and LO can make or break the transaction.”
  Brooklee Han
• The title industry’s latest cat-and-mouse game: seller impersonation fraud May 26, 2023
  The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. In January, a report from wire fraud prevention firm CertifID in conjunction with the U.S. Secret […]
  Brooklee Han
• OneMain Financial to pay $4.25 million to New York State over cybersecurity lapses May 26, 2023
  The mortgage lender and servicer OneMain will pay a penalty due to failures in its cybersecurity controls, a New York regulator said.
  Chris Clow
• Borrowers could save $100 a month or more by shopping around for mortgages: CFPB May 26, 2023
  The CFPB found that due to price dispersion, borrowers could find material monthly savings by shopping around for a mortgage.
  Chris Clow
• Colonial Savings to exit mortgage origination business May 25, 2023
  Texas-based Colonial Savings, whose president led the MBA in 2018, has decided to exit the origination business amid one of the most challenging cycles in decades.
  Flávia Furlan Nunes
• CHLA urges CFPB action on dual compensation arrangements May 25, 2023
  “Dual compensation” processes where one entity is paid for both the transaction and mortgage can prove harmful to consumers, the CHLA says.
  Chris Clow
• AI + humans = New creative solutions May 25, 2023
  By embracing the human in the loop approach, new patterns of creativity and innovation can emerge from AI generated raw materials.
  Kenon Chen
• SoftPro unveils ClosingsLIVE, its closings communication portal May 25, 2023
  SoftPro announced on Thursday that it has launched ClosingsLIVE, a cutting-edge communication portal for real estate settlement.
  Angelica Leicht