HousingWire

• 2 senior HUD officials to leave department
  Peggy Bailey, senior advisor on rental assistance at HUD, and Meaghan Lynch, press secretary at HUD, announced their resignations this week. The post 2 senior HUD officials to leave department appeared first on HousingWire.
• HW+ Member Spotlight: Budge Huskey
  This week’s HW+ member spotlight features Budge Huskey, president and CEO at Premier Sotheby’s International Realty, as he discusses inventory shortages and real estate commissions. The post HW+ Member Spotlight: Budge Huskey appeared first on HousingWire.
• Title industry prepares for changing market conditions
  Report from Fitch Ratings find that despite macroeconomic challenges, statutory capital will remain strong for title insurers. The post Title industry prepares for changing market conditions appeared first on HousingWire.
• FGMC owes Customers Bank $25M, bankruptcy filing shows
  Customers Bank, which has warehouse lending operations located in Hamilton, New Jersey, is listed as the largest unsecured creditor in the FGMC Chapter 11 case — with a claim of $25 million, court pleadings show. Here are the other creditors.  The post FGMC owes Customers Bank $25M, bankruptcy filing shows appeared first on HousingWire.
• How mortgage lenders are qualifying the value of fintech solutions
  An increasingly digitized world has given way to new solutions that are making business easier for everyone, mortgage lenders included. HousingWire recently spoke with Sue Woodard, senior advisor to Total Expert, about the ways lenders can measure the effectiveness of their fintech solutions and what they can do to keep pace with the digital mortgage […]
• After implosion, FGMC files for bankruptcy
  FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.” The post After implosion, FGMC files for bankruptcy appeared first on HousingWire.
• Purchase mortgage rates drop, ending 2-week climb 
  Purchase mortgage rates this week dropped 11 basis points to 5.70%, according to the latest Freddie Mac PMMS index.  The post Purchase mortgage rates drop, ending 2-week climb  appeared first on HousingWire.
• Stake, a fintech that offers cash rewards to renters, raises $12M
  Financial tech company Stake raises 12 million to build its platform and suite of solutions for renters and property owners. The post Stake, a fintech that offers cash rewards to renters, raises $12M appeared first on HousingWire.
• CoreVest finalizes $313M securitization
  Redwood Trust’s CoreVest division has closed a $313 million private-label offering backed by 82 loans that are in turn collateralized by some 1,800 properties located in 24 states and the District of Columbia. The post CoreVest finalizes $313M securitization appeared first on HousingWire.
• How “generation rent” is approaching home buying in 2022
  As mortgage rates rise, inventory remains low and digital trends accelerate, navigating the changing borrower landscape requires tailored strategies. Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders. The post How “generation rent” is approaching home buying in 2022 appeared first on HousingWire.