Rate hikes are here – can they cool down the housing market?

The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years.

March 17, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. The Fed makes its move – and more rate hikes are coming Mortgage, Politics & Money The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years. How InstaMortgage convinced top broker shop to jump to retail IPO / M&A, Mortgage, HW+ Exclusive Content InstaMortgage has merged with All Cal Financial, a rare example of a top-performing brokerage switching channels. We're here to change the way you think about reverse mortgages For too long, a reverse mortgage has been seen as a last resort for people in desperate straits. At Reverse Mortgage Funding LLC, we know that when used thoughtfully, it can be a sophisticated part of a financial plan. That's why we're working to change the way people think about reverse mortgages.   Learn More! Sponsored by Reverse Mortgage Funding Minority homeownership and FHA confirmation controversy CFPB / Regulatory This episode features a rundown of the recent NAHREP conference, equitable housing plans for GSEs and problems with FHA confirmations. Listen Now! Here's a look at the future of digital mortgage closings Presented by Snapdocs HW+ Managing Editor Brena Nath had the opportunity to catch up with Snapdocs Founder and CEO Aaron King at MBA Annual to talk more about eVault and what digital mortgages could look like in three to five years. Are you wasting a third of your repeat business opportunities? The average lender overlooks 1 in 3 signals that a past borrower is ready for a new loan — and retains just 18% of those customers as a result. Learn how your peers turned those numbers around to achieve customer retention rates averaging 59%.  Crack the code! Sponsored by Sales Boomerang

UWM rolls out bank statement loans for self-employed borrowers

Mortgage

UWM said its bank statement products will be made available to self-employed borrowers, with loans capped at $3 million and a 90% LTV.

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Sponsored by Acra Lending

Hispanic homeownership held back by FHA borrower discrimination, survey says

Real Estate, Mortgage

Latinos are twice as likely to use FHA financing than non-Hispanic white borrowers, but most of the real estate agents surveyed by the National Association of Hispanic Real Estate Professionals felt FHA borrowers were at a competitive disadvantage.

DocVu.AI wins award for best AI-powered document processing solution DocVu.AI brings together AI tech and mortgage expertise to document processing. DocVu.AI increases efficiency and enhances the accuracy of document processing to 99.5%, improving your compliance and scalability with the same resources. Read more!

Sponsored by Visionet

Two drivers in the growth of Compass, eXp, RE/MAX, BHHS and Realogy

Brokerage, Newsletter, Opinion

Analyzing the 2021 earnings reports of most of the publicly held residential real estate service companies shows trends.

The opportunity of Reverse Mortgages in a Purchase Market If you've ever been interested in learning more about reverse mortgages and how they may be able to become folded into your existing mortgage business, register to join the experts on March 23rd to learn how. Register today!

Sponsored by HW+

Opinion: How to attract and retain women in mortgage

Mortgage, Opinion

While we cannot undo the damage done overnight, we can take measures to promote and attract women to a career in the mortgage industry.

The LO edge in 2022? Realtors, Realtors, Realtors

Mortgage, HW+ Exclusive Content

The key to winning purchase business in 2022 remains the same as ever – establishing and maintaining relationships with real estate agents. But in the most competitive purchase market in years, LOs will have to scrap, leverage social media, get real good at a few things, and add a personal touch.

Mortgage applications drop as rates spike

Mortgage

The volatility of mortgage rates and a renewed bout of supply-chain constraints led to a decrease in mortgage applications for the week ending March 11.

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