Power House

This week, Tom Hutchens, the EVP of production at Angel Oak Mortgage Solutions, explains to listeners the role of Non-QM lending and what the expiration of the QM Patch could mean for the housing industry. Additionally, Hutchens discusses the nation’s homebuying confidence, which climbed to new heights in July.

In July, the Consumer Financial Protection Bureau expressed its intent to allow the QM Patch to expire as early as 2021, and Fannie Mae's Home Purchase Sentiment Index indicated that America’s housing confidence peaked to its highest level at 93.7 points.

This week, Shelley Leonard, the chief product officer and EVP of Black Knight, discusses her 26-year tenure in the mortgage industry. Additionally, the HousingWire Vanguard winner explains how low mortgage rates are impacting the nation’s mortgage servicers and homeowners.

Last week, Freddie Mac reported that the 30-year, fixed-rate mortgage averaged 3.75%, falling significantly from its 2018 rate of 4.60%. Freddie Mac Chief Economist Sam Khater says these low rates paired with the nation’s healthy economy are now projected to provide continued improvement in home sales heading into the late summer and early fall.

This week, Kal Elsayed, the President and CEO of Guidance Residential, a faith-based home financing company, explains the importance of working with underserved communities. Additionally, Elsayed discusses the Federal Reserve’s poised rate cut and the nation’s Millennial homeownership trends.

Earlier this week, The Federal Reserve announced it was prepared to cut its benchmark rate for the first time since 2008, and a survey from realtor.com indicated that affordability continues to prevent Millennials from entering the housing market as first-time buyers. 

Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, Ben Lane, the newly appointed managing editor of HousingWire’s editorial team, discusses his experiences in covering the housing economy for the last five and a half years. Additionally, Lane touches base on the massive mortgage partnership between State Farm and Quicken Loans, and Fannie Mae’s recently updated mortgage forecast.

Last week, State Farm and Quicken Loans announced that State Farm’s licensed loan originators will now be able to originate mortgages using Quicken’s Rocket Mortgage platform, and Fannie Mae issued a new forecast that predicts the average U.S. rate for a 30-year fixed mortgage will sit at 3.7% in the second half of 2019.

This week, Rich Weidel, the CEO of Princeton Mortgage, explains why accessing loan origination risks is essential to staying afloat in the mortgage industry. Additionally, Weidel touches base on the Chapter 11 bankruptcy filing of Stearns Holding (the parent company of Stearns Lending) and the U.S. closing of real estate company Purplebricks.

Earlier this week, Stearns announced the company was launching a comprehensive financial restructuring plan to realign its business, and Purplebricks indicated it planned to refocus its growth efforts in the U.K. and Canada.

The Housing News podcast is a weekly wrap of HousingWire's top news stories. Each week, HousingWire interviews mortgage and real estate experts who can help make sense of the latest headlines. 

This week, Anthony Casa, the chairman of the Association of Independent Mortgage Experts and the founder and former president of Garden State Home Loans, explains why President Donald Trump's decision to back the Blue Water Navy Vietnam Veterans Act is good news for the mortgage industry.

The Housing News podcast is a weekly wrap of HousingWire's top news stories. Each week, HousingWire interviews mortgage and real estate experts who can help make sense of the latest headlines. 

This week, Alec Hanson, LoanDepot’s SVP and Pacific Southwest division manager, and TJ Freeborn, SVP of Customer Experience, discuss the importance of incorporating human interaction within the loan origination process.

The Housing News podcast is a weekly wrap of HousingWire's top news stories. Each week, HousingWire interviews mortgage and real estate experts who can help make sense of the latest headlines. 

This week, Mason-McDuffie Mortgage's Vice President of Development and Regional Manager Phil Treadwell explains how mortgage professionals can best navigate a low interest rate environment.

The Housing News podcast is a weekly wrap of HousingWire's top news stories. Each week, HousingWire interviews mortgage and real estate experts who can help make sense of the latest headlines. 

This week, Cobalt Credit Union’s Chief Lending Officer Alan Stoltenberg discusses the importance of putting power back into the hands of homebuyers.

The Housing News podcast is a weekly wrap of HousingWire's top news stories. HousingWire Editor-in-Chief Jacob Gaffney interviews Norm Creveling, the chief lending officer for Wings Financial Credit Union. In this episode, Creveling talks about the emergence of digital mortgages, the current housing market, and trends in consumer credit scores. Don’t miss it!