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The Housing News podcast explores the most important topics happening in mortgage, real estate and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Clayton Collins and produced by Alcynna Lloyd.
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This week, HousingWire's Editor in Chief Sarah Wheeler interviews HomeBridgeChief Diversity & Inclusion Officer Brian “Woody” White. In this episode, White discusses what increasing diversity within the housing finance industry looks like on a practical level. The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.
This week, HousingWire’s Editor in Chief Sarah Wheeler interviews Lead Analyst Logan Mohtashami. In this episode, the pair discuss three reasons why Mohtashami believes there won’t be a 2021 housing market crash.The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Three reasons there won’t be a 2021 housing market crash
This week, HW Media founder and CEO Clayton Collins interviews Steve Murray, the co-founder, and president of REAL Trends. In this episode, the pair close out season four of the Housing News Podcast by discussing HW Media’s strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms.During the interview, Murray also discusses his projections for this year’s purchase market and explains how real estate brokerages, loan originators, and title reps can all best work together for a more productive 2021.
This week, the Housing News Podcast features a bonus crossover episode from HousingWire’s Daily Download. In this episode, HousingWire Digital Producer Alcynna Lloyd interviews John Pataky, TIAA Bank’s executive vice president,During the interview, Pataky discusses the nation’s lack of housing inventory and how it’s impacting homebuyer demand and home prices. 
This week, Ben Cohen, managing director and senior vice president of mortgage lending at Guaranteed Rate, joins the Housing News Podcast to discuss how he became the company’s second loan officer to fund $1 billion in loan volume in 2020. During the interview, Cohen also discusses how his team has adjusted to support origination volume, as well as what Guaranteed Rate does to prepare its loan officers for success.
This week, Simone Beaty, the director of single-family affordable lending initiatives  Freddie Mac, joins the Housing News Podcast to discuss the GSE’s affordable housing initiatives, as well as what it is doing to prepare consumers for next year’s home buying market.During the interview, Beaty also discusses how Freddie Mac is supporting shared equity programs as many Americans continue to face financial hardships due to the COVID-19 pandemic.Here is a small preview of the interview with Simone Beaty. The transcript below has been lightly edited for length and clarity:HW: What are some of the very unique challenges in making sure affordable housing is available for low- to moderate-income borrowers who have been affected by the COVID crisis?Simone Beaty: What we always bump into is that demand for units has outpaced supply. So, we're always trying to figure out how we can best deal with the supply issue and access to credit. We try to tackle both and sometimes solutions can be merged, where we are looking at flexible qualifying requirements that take into account things like nontraditional credit. We also make sure people who are not mortgage ready understand what steps they need to take to be prepared, so they are not blindly applying for a loan. Additionally, Freddie Mac offers some flexibilities for borrowers that may not meet the traditional credit profile, so if they're not necessarily the cookie-cutter kind of creditworthy borrower, there is enough room in the qualifying requirements that give lenders the ability to make sure they can fit within the conventional lending realm.The Housing News podcast explores the most important topics happening in mortgage, real estate and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.
This week, Frank Nothaft, the chief economist at CoreLogic, joins the Housing News Podcast to discuss how the housing market has fared in 2020.During the interview, Nothaft discusses how the COVID-19 pandemic has impacted the housing market’s vitality as well as the economy. Notably, Nothaft also offers his market predictions for 2021.Here is a small preview of the interview with Frank Nothaft. The transcript below has been lightly edited for length and clarity:HW: Let’s talk about CoreLogic’s Forecast. What are you expecting for the first quarter and first half of 2021?Frank Nothaft: We’re expecting mortgage rates to remain at record low levels, possibly well below 3%. I think that's going to be the case, not only at the start of the year but for most or all of 2021. That's going to be very important in stimulating home sales, and also refinance volume. However, I'm not expecting refinance volume in 2021 to hit the same numbers that we saw in 2020, but I think it's still going to be pretty strong. In fact, I actually expect refinance volume in 2021 to be more than it was in 2019. On the home sales market, we're actually expecting home sales to be up in 2021 compared to 2020. It will be because of new single-family construction and increases in existing home sales. Notably, over the last several months, we've had an acute shortage of existing homes for sale in the United States. Part of that acute shortage of inventory for sale is directly related to the pandemic.The HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.
This week, Robert Broeksmit, the president and CEO of the Mortgage Bankers Association, joins the Housing News Podcast to discuss the association's regulatory priorities for 2021 and what goals it hopes to achieve under a Biden administration.During the interview, Broeksmit also discusses what could happen if the Biden administration replaces Kathy Kraninger, the director of the Consumer Financial Protection Bureau.According to Broeksmit, if a new director is appointed, outside of mortgage regulation, they’re likely to focus on policies related to fair lending and affordable housing.“I'd first like to say the MBA is very grateful for the tenure of Director Kraninger,” Broeksmit said. “We've worked very closely with her and think she's done a really good job at the bureau.”“If she is replaced, we think there are a lot of areas outside of mortgage lending that the CFPB will focus on because it has a very wide scope, it's not just mortgages,” Broeksmit said. “There were things the current administration decided not to focus on that I think a Biden appointee would have more interest in pursuing like student loan servicing, regulating debt collectors and payday lending regulations.”Broeksmit also addresses the Biden administration’s housing agenda and what it means for affordable housing.“President Biden wants to introduce a $15,000 first-time homebuyer tax credit, but unless lightning strikes twice in Georgia and Republicans lose both runoffs, I think we'll have a divided government where a proposal like that won't get much traction,” Broeksmit said. “While the MBA is generally supportive of something like that, we don't think the chances are very high.”The Housing News Podcast is a weekly wrap of the top news stories by HousingWire Editor in Chief Sarah Wheeler. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Freddie Mac.
This week, Cindy Waldron, the vice president of research and analytics at Freddie Mac, joins the Housing News Podcast to discuss affordability and the trends Freddie sees in different areas of the country.In this episode, Waldron explains how the nation’s lack of housing inventory is affecting low to moderate-income borrowers, as well as how COVID-19 will impact the homeownership dreams of Americans who may be struggling finically due to the pandemic. During the interview, Waldron also addresses the unique affordability challenges facing American renters, who have disproportionally been impacted by the Coronavirus pandemic.  According to her, while many renters are struggling, the pandemic has also stimulated homeownership desires for Millennials, many of who have indicated plans to become first-time homebuyers. “We are seeing [the pandemic] hit a lot of renters, but we are actually also seeing it stimulate some of these Millennials,” Waldron said. “A lot of [Millennials] were staying in place as interest rates remained low, but during COVID-19 we began to see them move to the next house as they wanted additional space.”Waldron says while the desire for homeownership persists amongst renters and Millennials, factors like dwindling housing inventory and home price increases are impacting their likeliness for affordability. “Our chief economist at Freddie Mac has predicted the 30-year fixed mortgage will be around 3% in 2021, so that's good news for affordability as these low rates will keep monthly payments down,” Waldron said. “However, house price growth, which was around 5% to 6% in 2020, has been more challenging as COVID-19 has led a lot of people to want more space, which is adding to demand. So, this is also adding pressure towards affordability and even the housing stock.”“In 2021, we expect the rate per house price growth to be 2.6%, so that should help a little bit, but it's not growing as fast as the 5% to 6% [In 2020],” Waldron said. “That said, again, the housing shortage is going to be very challenging, and building new housing during COVID-19 is going to be hard.”
This week, Thomvest Ventures’ Nima Wedlake joins the Housing News Podcast to discuss the housing market’s real estate ecosystem as well as Opendoor’s S-4 filing, which now values the company at $4.8B.During the interview, Wedlake touches on his recent blog that examines Opendoor’s business practices, its progress to date, and its future prospects. He also discusses why so many companies in the housing space are now choosing to go public.For some background on Banosian, here’s a summary of HousingWire’s  article on the S-4 filing:Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising practices.According to the filing, Opendoor in 2019 received a civil investigative demand. Inman first reported on the investigation, which was disclosed in the company’s S-4 statement.As of Oct. 1, the investigation is ongoing, the filing says.Opendoor has been busy over the last few months. As of Aug. 18, Opendoor has resumed iBuying in all 21 of its markets following a pause due to COVID-19. In the filing, Opendoor said “we are just scratching the surface today. We believe we have a massive opportunity to expand our to reach the top 100 markets in the United States.”For much of 2020, government edicts related to the pandemic had a dramatic effect on Opendoor’s business. In the first half of 2020, Opendoor said it sold 7,832 homes, compared to 8,985 homes in the first half of 2019, representing a decrease of 13%.Overall, Opendoor made $1.9 billion in revenue in the first six months of 2020, slightly below the $2.2 billion from the first six months of 2019. Overall, Opendoor posted a net loss of $118 million from January through June 2020.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire Editor in Chief Sarah Wheeler. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Freddie Mac.HousingWire articles covered in this episode:Opendoor discloses that it’s under federal investigationBlackstone-owned lender and servicer Finance of America to go publicCaliber Home Loans plans $2B-plus IPOUnited Wholesale Mortgage plans $16B public debut via acquisition
This week, Guaranteed Rate’s Shant Banosian, the nation’s No. 1 loan originator, joins the Housing News Podcast to discuss how he became the company’s first loan officer to fund $1 billion in loan volume in one year, as well as the future of the U.S mortgage market.During the interview, Banosian explains how he’s generated more than $4 billion in loans over the course of his decade-long career, as well as how Guaranteed Rate weathered the initial stages of the COVID-19 pandemic.For some background on Banosian, here’s a summary of HousingWire’s latest  article on his achievement:Over the last five years, Shant has been Guaranteed Rate’s No. 1 loan officer nationwide, as well as the top producer in Massachusetts since 2013.Banosian told HousingWire that the key to his success is his team, and focusing on what consumers need and want.“It’s one of those cliches: you don’t want to just work in the business, you need to work on the business,” Banosian said. “We’re constantly working on our business and taking feedback from our clients trying to understand what it is that our clients and our partners want, how to constantly be forward-thinking in terms of staying ahead of the competition and figuring out ways to be more efficient.”Not only are Banosian and his team having a record-setting year, so is Guaranteed Rate, as it funded double the total loan volume compared to the same time last year. Just in August, the company locked down $12 billion in loan volume, breaking its record for one month.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire Editor in Chief Sarah Wheeler. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Freddie Mac.HousingWire articles covered in this episode:Shant Banosian becomes Guaranteed Rate’s first LO to originate $1 billion2020 HW Tech100 Mortgage winner: Guaranteed Rate
This week, Robert Dietz, the chief economist and senior vice president of economics and housing policy at the National Association of Home Builders, joins the Housing News Podcast to discuss how the nation’s homebuilders have fared during the COVID-19 pandemic.In this episode, Dietz discusses how a national shortage of housing inventory and rising lumber prices have contributed to an increase in construction costs, which is making it much harder for builders to introduce affordable supply to the housing market.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire Editor-in-Chief Sarah Wheeler. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Freddie Mac. 
This week, the Housing News Podcast kicks off Season 4 with HousingWire’s Editor-in-Chief, Sarah wheeler as its new host.In the first episode of the season, Odeta Kushi, the deputy chief economist at First American Financial Corporation, discusses her economic outlook for 2020, as well as her forecasting approach for the COVID-19 pandemic.Notably, the duo also discusses how low mortgage rates, high unemployment and forbearance requests will impact the housing industry in 2021.For some background on the interview:During the interview, Kushi discusses what indicators First American was watching during the early months of the COVID-19 pandemic and how they have impacted the overall market. “We wanted to know what would really impact the housing market, and that is obviously the labor market,” Kushi said. “So, we looked at high frequency data like initial jobless claimsto gauge how badly the pandemic, shelter in placeand the shutdown would impact the labor market. We also analyzed mortgage applicationsto see how demand is being impacted in real time, and then of course, we looked at monthly indicators like homebuilding.”The economist also discusses what the Federal Reserve’s shift in monetary policy could mean for the housing industry this year and next.“I think for all fields, this is going to be a huge learning experience, specifically for economics as we'll be able to look back and see the impact of the Federal Reserve stimulus, a lot of which was unprecedented,” Kushi said. “We’ll also be able to play out scenarios and utilize current data as a tool for future economic decline, and I think that will be really helpful.”The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Freddie Mac. Here are links to the topics discussed:Fed’s new inflation policy may lead to higher mortgage ratesAverage mortgage rate falls to 2.91%: Freddie Mac
This week, the Housing News Podcast features a bonus crossover episode from HousingWire’s Daily Download.In this episode, HousingWire Magazine Editor Kelsey Ramírez interviews OJO Labs Chief Marketing Officer Karen Starns about the role of marketing in the housing industry’s changing landscape.For some background on the interview:This year the unprecedented outbreak of COVID-19 and the response from local, state and even the national government changed how business operate, where they operate from and importantly, their marketing strategies.The housing industry fluctuates quickly, creating the need for consistent changes in marketing strategy, but with the onset of COVID-19 many companies were forced to pivot with little to no notice.Spoiler alert: HousingWire 2020 Woman of Influence Karen Starns spoke with us about the role marketers played in the COVID-19 crisis. She explained that marketers need to find out what works for them and double down on it, however they should always have an experimental campaign in the works.“Never be afraid to try something new,” Starns said in the interview.Starns is a force within the consumer tech space. As chief marketing officer at OJO Labs, Starns focuses her attention on the revamping of OJO Labs’ brand to better reach a rapidly increasing number of consumers through the company’s proprietary AI advisor for homebuying. Starns is featured heavily in our 2020 HousingWire Magazine redesigned August issue. To access our all-new magazine and HW+ premium content, sign up here.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI and Quicken Loans Mortgage Services.Here are links to the topics discussed:HW Women of Influence Program Details
This week, Carl Tyree, the executive vice president, and chief sales officer at Arch Mortgage Insurance, joins the Housing News Podcast to discuss how the growth of the nonbank originator channel is impacting the housing industry.In this episode, Tyree discusses the amount of servicing volume that Independent mortgage bankers are retaining and how they’ve managed to navigate the COVID-19 pandemic.Additionally, Tyree explains how mortgage insurance companies work with lenders throughout the forbearance process and explains why the implementation of new technology has been critical for ensuring the mortgage industry’s survival.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI and Quicken Loans Mortgage Services.Here are links to the topics discussed:Share of mortgages in forbearance rises to 8.5%Fannie Mae, Freddie Mac forbearance rate is ‘manageable,’ Calabria saysDavid Stevens stresses the important role of IMBs[PULSE] The value of warehouse lenders in the mortgage market
This week, MBS Highway Founder and CEO Barry Habib joins the Housing News Podcast to discuss how the COVID-19 pandemic continues to impact the nation’s housing ecosystem.In the second half of this two-show episode, Habib explains why U.S. markets now face an uphill battle as the unemployment rate falls to Great Recession levels, and why first-payment defaults on forbearance are problematic for the housing finance sector.Additionally, Habib discusses a conversation he had with Federal Housing Finance Agency Director Mark Calabria regarding the state of U.S. mortgage servicing. According to Habib, Calabria anticipates there's a good chance the nation’s forbearance window might close at the end of May.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI and Quicken Loans Mortgage Services.Here are links to the topics discussed:Banks have the biggest share of mortgages in forbearance Nearly 500,000 borrowers went into forbearance in the last weekDemocrats press top mortgage servicers on forbearance issuesHUD watchdog: Some servicers are providing wrong information about forbearance
In this custom episode presented by Ellie Mae, HW+ Managing Editor Brena Nath talks to Ellie Mae Senior Vice President of Product Strategy and Management Eric Connors on how the mortgage industry is going to move forward in this new normal due to the COVID-19 pandemic. Now that it’s the beginning of May and more states are starting to provide updates around the stay-at-home orders, Connors shares how the industry has been learning to adjust to the changes in the market, such as the reduction in rates and the increase in volume, all while figuring out the new normal of working from home. Given how COVID-19 has changed how people in this industry view technology both internally and externally, Connors states, “Imagine if this event had happened 10 years ago on the state of things like the internet, the bandwidth, videos, zoom, all of these things 10 years ago, was a very, very different environment?” He adds that the industry has made significant strides in how they accept this whole process, saying it is going to be very ground-shaking in what it means to the digital part of people’s lives and how they engage with and leverage tools. The other area that Connors emphasizes is the impact that the pandemic is having on the eClosing side of the equation. "This is obviously going to become a higher priority for many of the lenders out there. In particular, the remote online notary and a lot of the legislative constraints that we've had around that I think are likely to start seeing some movement,” he states.  “I think those are going to be two things to sort of watch out for as we go through how this new norm of adopting and leveraging technology, maintaining that engagement, even though we are remote, and then sort of the legislative side of this where we have had legislation in the way of making that more realistic for the experience.” Lastly, as the industry continues to collaborate at the Ellie Mae Virtual Experience conference, Connors shares some of the biggest trends he’s hearing from lenders and what tips and tools people should bring into the rest of 2020. The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines.For the latest updates on Ellie Mae’s Virtual Experience 2020 Conference, go here. 
This week, Voice of Appraisal's President, Phil Crawford joins the Housing News Podcast for episode eight to discuss how COVID-19 has transformed the appraisal process for the nation's homebuyers.In this episode, the host of the Voice of Appraisal Radio podcast also touches on whether or not the business is an essential service. Crawford also shares his perspective on why appraisers need a bigger voice in policymaking and touches on the potential impact of some recent announcements from federal banking regulators that allow appraisal postponements up to 120 days after a mortgage.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI and Quicken Loans Mortgage Services.Here are links to the topics discussed:Are appraisals an essential service?The fragmented voice of the appraisal industryCredit unions can now also delay appraisals until 4 months after a mortgage closesBanks can now postpone some appraisals until 120 days after a mortgage closes
In this custom episode presented by Ellie Mae, HW+ Managing Editor Brena Nath talks to Ellie Mae Senior Vice President of Marketing Jonas Moe. Moe shares some advice on how to  pivot marketing strategies right now given the new social distancing world we’re in. Using their own Ellie Mae Experience conference as an example, Moe explains what it means to think of things virtually first, since the idea of having face-to-face meetings is so ingrained. When it comes to this new way of engaging with peers, Moe adds, “I think one of the things that a lot of us are adjusting to is what success looks like, and how do I measure success in that virtual world?”He also touches on how Ellie Mae’s Virtual Experience 2020 Conference kicked off this week, opening the door to a new type of networking experience and collaboration. “We’ve adapted a lot of content to be relevant to the time we're in now. Even thinking about where we were 60 days ago to where we are now, we've adapted a lot of the sessions and rejiggered them in many ways to talk about how businesses go forward in this COVID-19 world,” says Moe. “I want people to walk away understanding what Ellie Mae can do for them from a business perspective, and I want them to collaborate with each other so that they understand what tips and tricks are making them successful in this world where they've had to adapt their whole workforce.” With Ellie Mae’s Virtual Experience 2020 Conference in full swing, they also announced that they will be donating  $10 for every person who registers for Virtual Experience to GetUsPPE.org, an organization that is providing personal protective equipment to the doctors, nurses and first responders on the front lines. They will be donating up to $50,000 based on registrations.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines.For the latest updates on Ellie Mae’s Virtual Experience 2020 Conference, go here. 
This week, AMC Lending Group's Senior Loan Manager, Logan Mohtashami joins the Housing News Podcast for episode eight to talk about the housing market's rebound.In this episode, the HousingWire columnist and housing data analyst dives deeper into his recent article, "The Housing Industry isn’t as doomed as it may seem…” which discusses the housing market’s potential rebound following the COVID-19 pandemic.Mohtashami also shares his perspective on what he thinks will be the biggest issues facing the housing industry in the virus’ wake.According to Mohtashami, the housing industry needs to prepare for an uptick in home foreclosures and rapid home price growth due to a lack of housing inventory.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines sponsored by our partners at Arch MI and Quicken Loans Mortgage Services.Here are links to the topics discussed:Housing isn’t as doomed as it may seem – Here’s whyMortgage forbearance level now at 5.95%Nearly 3 million borrowers are already in forbearanceU.S. inventory of homes for sale reaches record low 
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