HousingWire

• Townstone wins order to dismiss CFPB’s redlining lawsuit  February 3, 2023
  In July 2020, the CFPB filed a lawsuit accusing Townstone of discouraging prospective African American borrowers in the Chicago metropolitan area from applying for mortgages.
• Why HELOCs are growing more popular February 3, 2023
  With the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates. 
• Guaranteed Rate loan programs aim for lower rates for builders, borrowers  February 3, 2023
  Guaranteed Rate's Lock 'N' Sell rate lock and forward commitment programs are intended to address affordability challenges.
• Positive jobs report sends mortgage rates higher February 3, 2023
  New data shows job openings are high and jobless claims are low, with a 3.4% unemployment rate, which isn't ideal for mortgage rates.
• Altos Research housing market predictions for 2023 February 3, 2023
  We might only be a few weeks into 2023, but these first weeks have been rich with informative data on the housing market.
• USAA Federal Savings Bank cuts 130 positions in real estate lending  February 3, 2023
  USAA eliminated 130 positions in the real estate lending group amid projections of the mortgage industry shrinking in 2023.
• Logan Mohtashami to speak at Gathering of Eagles 2023 February 3, 2023
  Gathering of Eagles is the must-attend event of 2023 for real estate presidents, senior leaders, and broker-owners.
• January’s strong jobs report could spell trouble for the housing market February 3, 2023
  The labor market started 2023 with a bang, which could spell trouble for the housing market as the Fed tries to control inflation this year.
• Pennymac sticks to its strategy as the market continues to shrink February 2, 2023
  The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio in 2022.
• Apex Home Loans names Leo Anzoleaga as SVP of residential lending February 2, 2023
  At Apex Home Loans, Anzoleaga will be tasked with generating more residential mortgage business, fostering partnerships and improving customer experience.