Power House

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.In this custom episode presented by Ellie Mae, HW+ Managing Editor Brena Nath talks with Ellie Mae Chief Operating Officer Joe Tyrrell to discuss the surge in  interest around technology for internal and external purposes due to the COVID-19 pandemic, along with the technology trends that are starting to emerge. Ellie Mae is uniquely positioned to see the juxtaposition between consumer demand in the market and the current state of the secondary market, as they help lenders pull loans all the way through their pipeline and get them into the secondary market.When asked what lessons lenders will learn from this time, Tyrrell said, “I think we’ll never be the same. Even when we all return back to our workplaces, employees are going to have new concerns that they didn't have before, and employers, and lenders specifically, are going to have to really think hard about how they prepare themselves for whatever the next situation might be that disrupts their business.”Tyrrell also shares why Ellie Mae decided to make Ellie Mae Insights, its analytics solution that provides peer benchmarking comparison analysis, generally available, adding that lenders now have access to new data to help them make decisions. And with Ellie Mae’s Virtual Experience 2020 Conference starting next week, Ellie Mae is set to have a much bigger audience than they've ever had, as they prepare to strategize and plan for the future together. For the latest updates on Ellie Mae’s Virtual Experience 2020 Conference, go 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.This week, Movement Mortgage CEO and Co-founder Casey Crawford joins the Housing News Podcast for episode seven.In this episode, the former NFL player touches on the biggest issue facing the housing finance sector – the ongoing uptick in forbearance requests from the nation’s financially strained borrowers, and the impact it is having on independent mortgage servicers nationwide.Crawford also shares his perspective on how the U.S. mortgage industry can best adapt and overcome challenges during this period of uncertainty.According to Crawford, the mortgage market is one of dramatic highs and dramatic lows. If mortgage companies want to overcome volatility, industry leaders must position their organizations to proactively address problems quickly and decisively.Here are links to the topics discussed: Calabria: No servicer liquidity facility coming, but GSEs may pull servicing from struggling companies MBA “strongly disagrees” with FHFA Director Calabria’s stance on servicing [PULSE] A federal liquidity solution for the mortgage servicing industry [PULSE] IMBs are the path to recovery, not the problem Advertiser Disclaimer: Quicken Loans Mortgage Services (QLMS) – Call for cost information and conditions. Equal housing lender. Licensed in all 50 states. NMLSConsumerAccess.org #3030.

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.This week, Mountain Lake Consulting’s CEO David Stevens, who is the former president and CEO of the Mortgage Bankers Association, joins the Housing News Podcast for episode six.In this episode, Stevens who formerly served as the US Assistant Secretary of Housing for the United States Department of Housing and Urban Development under the Obama administration from 2009 to 2011, discusses his perspectives on the current state of the U.S. housing finance industry, particularly on independent mortgage banks and their role in lending.As the industry knows, market uncertainty continues to increase as more and more borrowers request forbearance on their mortgages due to financial difficulty born out of the coronavirus pandemic.According to Stevens, every person in the mortgage finance sector needs to be prepared for an extended duration of credit constraints being applied to the loans they’re attempting to originate.Here are links to the topics discussed: Calabria: No nonbank is too big to fail Calabria: No servicer liquidity facility coming, but GSEs may pull servicing from struggling companies MBA “strongly disagrees” with FHFA Director Calabria’s stance on servicing Calabria does not expect widespread delinquencies due to coronavirus [PULSE] A federal liquidity solution for the mortgage servicing industry [PULSE] IMBs are the path to recovery, not the problem Advertiser Disclaimer: Quicken Loans Mortgage Services (QLMS) – Call for cost information and conditions. Equal housing lender. Licensed in all 50 states. NMLSConsumerAccess.org #3030.

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.This week, MBS Highway Founder and CEO Barry Habib, who was recently named the 2020 winner of the Crystal Ball Award, presented by Zillow and Pulsenomics, joins the Housing News Podcast for its fifth episode of season three.In the first half of this two-show episode, Habib discusses the Coronavirus’ impact on the U.S. housing market and explains how a global pandemic hurled the housing finance industry in an economic storm that has yet to pass.Habib, who says “not even Stephen King could have scripted this”, also explains why the Federal Reserve’s desire to lower mortgage rates isn’t just damaging for mortgage servicers, but lenders who now fear losing the ability to hedge their risk.According to Habib, not only does the Federal Reserve need to temporarily slow MBS purchases to allow pipelines to clear, but they must more clearly communicate that mortgage rates and the Fed Funds Rate are not one and the same.Advertiser Disclaimer: Quicken Loans Mortgage Services (QLMS) – Call for cost information and conditions. Equal housing lender. Licensed in all 50 states. NMLSConsumerAccess.org #3030.

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.In this custom episode presented by Ellie Mae, HousingWire Community Editor Brena Nath talks with Ellie Mae President and CEO Jonathan Corr to discuss the state of the mortgage industry and gives some advice on how lenders and companies can navigate everything going on in the industry. Corr also gives an inside look at Ellie Mae’s new Virtual Experience 2020 Conference and the unique opportunities it offers attendees to interact with leading experts and their peers on the top issues in the industry right now. “This is a stressful time for everybody, but how do you put yourself in a position to come out stronger and smarter and faster on the other side?” Corr said. “It really is in times of challenge and crisis where the folks who take it as an opportunity to invest in themselves always end up being more successful when the clouds clear and the sun comes back up.”For the latest updates on Ellie Mae’s Virtual Experience 2020 Conference, go here. 

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.This week, Glenn Stearns, who has undoubtedly been one of the biggest names in mortgage lending over the last 30 years, joins the Housing News Podcast for its fourth episode of season three.Stearns, who founded Stearns Lending in 1989, joins the Housing News Podcast to discuss his new company, Kind Lending, which touts itself as a “fresh and edgy approach to mortgage banking.”Additionally, the trailblazer discusses current market conditions, which have been changing each day as Coronavirus continues to take its toll on the mortgage industry.According to Stearns, who survived the Housing Crisis of the 2000s, if mortgage companies want to survive this period of uncertainty, they will need to invest in technology and learn how to better communicate.Here’s more detail on the topics of discussion this week:Glenn Stearns founded the mortgage company that carries his name, Stearns Lending, in 1989. And in the convening years, Stearns helped build the company into one of the biggest mortgage companies in the nation. But Stearns has laid somewhat low in the last year or so, but he is being quiet no more. Stearns is launching a new mortgage company, Kind Lending.Quicken Loans recently joined the thousands of companies that are encouraging (if not requiring) their employees to work from home to combat the spread of COVID-19. But the nation’s largest mortgage lender is hardly the only company that is moving to a remote work policy as the concern over the virus worsens. The Federal Finance Agency, Guaranteed Rate, Caliber Home Loans, and United Wholesale Mortgage are just a few names reassessing their workplace procedures.The White House and the Federal Housing Finance Agency are calling for up to 12 months of mortgage forbearance for Americans who can’t pay their bills because of the COVID-19 pandemic. The amount of people needing that help is so big, it might require the Federal Reserve to flex its muscles, according to a report from Cowen Washington Research Group. Specifically, the Fed might have to use Sec. 13 of the Federal Reserve Act that covers emergency lending, it said.And here are links to the topics discussed:1) Glenn Stearns is back, launches Kind Lendinghttps://www.housingwire.com/articles/glenn-stearns-is-back-launches-kind-lending/2) Here’s how the mortgage industry is reacting to the coronavirus https://www.housingwire.com/articles/heres-how-the-mortgage-industry-is-reacting-to-the-coronavirus/3) Can the Fed help Americans get mortgage forbearance?https://www.housingwire.com/articles/can-the-fed-help-amer

This week, Robert Broeksmit, the president and CEO of the Mortgage Bankers Association, joins the Housing News team to discuss the mortgage industry’s challenges during this tumultuous time. In this episode, Broeksmit explains the MBA’s approach to borrower relief, as regulators move to suspended foreclosures and evictions. He also touches base on potential liquidity backstops for servicers, bank regulatory flexibility for lenders, legislation permitting remote online notarization nationwide, streamlining the refinance process and more.

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.This week, Sherry Graziano, the head of Mortgage Omni experience at SunTrust, which has now been named Truist, joins the Housing News Podcast for episode two of season 3.In this episode, which was recorded two weeks ago during the nation’s interest rate debacle, Graziano discusses the housing market's low-interest-rate environment, which continues to change day-to-day, and what it means for the mortgage industry as more and more lenders report a surge in both refinance and purchase volume. Additionally, she explains why relationships are key in the housing space.Here’s more detail on the topics of discussion this week:The Federal Reserve made its second emergency cut in two weeks, slashing 1% off its benchmark rate, and renewed a program to buy Treasuries and mortgage bonds in an effort to bolster the economy as the coronavirus that causes COVID-19 spreads in the U.S.As the mortgage business continues to try to deal with the repercussions of interest rates hitting an all-time low early March, it appears that some lenders are inflating their advertised mortgage rates to try to stem the tidal wave of mortgage applications they’re receiving.Mortgage rates fell to an all-time low two weeks ago, and lenders across the country are now dealing with a deluge of mortgage applications as borrowers rush to both buy and refinance. But are some of those same lenders keeping borrowers from getting even lower interest rates than they already are? The answer: Possibly.

This week, the New York Times bestselling author Tom Ferry joins the Housing News Podcast for its season finale.Ferry, also known as the #1 Real Estate Coach, is an industry titan that offers the nation’s real estate agents’ advice on how best to market themselves.In this week’s episode, the fellow podcast host and Swanepoel Power 200 winner, explains how real estate agents and brokers can utilize social media and technology to set themselves apart, as well as what it takes to win in today’s real estate industry. 

Housing Policy Council President and former Federal Housing Finance Agency Director Ed DeMarco visited HousingWire to talk about the latest developments on the Qualified Mortgage and the Ability to Repay rule.In this podcast episode, DeMarco talks about the shifts in the QM, and what it would mean to remove the debt-to-income requirement from Ability to Repay. Is the pricing threshold a better option, or could it be better used to determined what isn't QM, instead of what is? DeMarco explains the difference, and what his take on it is.