Ryan Serhant to headline engage.marketing event

HousingWire created the engage.marketing event because we recognize that for mortgage and real estate companies, the difference between success and failure is razor thin. The current environment makes it crucial for businesses to really connect with customers, but exactly what that looks like is often unclear. That’s why we’re excited to announce that Ryan Serhant, the wildly successful real estate broker featured on Bravo’s “Million Dollar Listing New York” will headline the event in September. 

HUD dedicates $144 million to revitalize 5 neighborhoods

HUD announced it is awarding $144 million to be divided into five communities for revitalization efforts. The money will be awarded to redevelop severely distressed public or assisted housing, as well as the surrounding neighborhoods.

Caliber Home Loans rolls out jumbo loans with 5% down and no mortgage insurance

With home prices continuing to rise without any relief in sight, more lenders are beginning to offer new jumbo mortgage products in an attempt to keep up with those rising prices. Now, Caliber Home Loans is unveiling a new jumbo mortgage program of its own – and this one features loans of up to $2 million with as little as a 5% down payment and no mortgage insurance.

Trump “not thrilled” with interest rate hikes

President Donald Trump says he is “not thrilled” with rising interest rates and that he is “frustrated” with the Federal Reserve. The president said he fears raising interest rates could jeopardize the economic recovery.

Senate slams CFPB director nominee Kraninger in hearing

Last month, President Donald Trump nominated Office of Budget and Management Deputy Kathy Kraninger as the next director of the CFPB. Thursday, Kraninger appeared before the Senate Committee on Banking, Housing and Urban Affairs for her nomination hearing. As expected, the hearing had its share of controversy. Here’s what was – and wasn’t – said.

Flat-fee real estate startup Reali raises $20 million to expand beyond California

Reali, a flat-fee real estate startup that boasts it can sell a house in the San Francisco area for as little as $950, is planning to expand into Southern California and beyond, thanks to a $20 million injection of funding.

HomeServices taps Maxwell to enhance digital lending platform

HomeServices wanted an online application tool with secure document upload capabilities. What they got instead was much more, courtesy of a partnership with Maxwell.

Prepare now for slower growth, consumer headwinds

[Expert commentary] When consumers feel good about their financial future, it tends to be reflected in the housing market. For that reason, it’s hard not to see good things in the recent Consumer Sentiment and Consumer Confidence indices, two key barometers used to gauge the direction of the economy. Yet while the view from the windshield of the economy seems clear, the traffic maps show a good deal of congestion and uncertainty ahead.

Goldman Sachs strongly expects interest rates will rise soon

It may come as no surprise that the Federal Reserve isn’t taking into consideration the lending difficulties facing Americans today. In fact, despite a lack of supply and tight credit conditions (More than 1 million mortgages missed by some estimations), the Federal Reserve remains widely predicted to keep raising interest rates. Here’s the full picture.

Freddie Mac: Mortgage rates are virtually stagnant

Mortgage rates remained flat this week, likely due to a lack of construction activity, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said mortgage rates moved sideways, primarily because of the mixed bag of economic data released this week.