HW+ provides career-making insights and analysis for those in Mortgage, Real Estate and FinTech. This long-form digital content provides members with news nowhere else and digs deeper into the “why” behind the daily news cycle. To join the HW+ community, click here.
House bill markup pushes sale of federal land for housing development
A last-minute amendment to a budget bill aims to sell federal land for housing development. It was opposed by some House Democrats.
Washington governor signs 10 housing bills, including rent and property tax provisions
The most contentious bill that Gov. Bob Ferguson signed into law was a state-level mandate to cap rent increases.
Appraisal Institute executive faces multiple accusations of sexual harassment
Appraisal Institute vice president Craig Steinley has been accused of sexual harassment by 12 current and former employees.
Homepoint to jump into the non-QM market
Homepoint says many potential borrowers are underserved by the prime jumbo and the agency market. The wholesale lender plans to launch two non-QM products this year.
Ginnie Mae EBO loan market buffeted by rising rates
“The mindset is that … there’s not much else out there to buy right now,” said Brendan Teeley, senior vice president of whole loan sales and trading for MIAC’s Capital Markets Group. “And given it’s Ginnie Mae, there’s a great deal of confidence that you will get paid [because the underlying loans are insured], so on a risk-weighted basis, it’s a great asset.”
Fannie Mae finalizes two additional credit insurance risk transfers
On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals.
