Search Results for:

You are here

Activist investor backs hostile offer for HomeStreet multifamily unit
News 12 hours ago
Activist investor backs hostile offer for HomeStreet multifamily unit

Activist investor Blue Lion, which has been waging a campaign for changes at HomeStreet Bank, is pressing the Seattle-based company to consider...

Share
Freedom's mortgage servicing portfolio grows 44% in RoundPoint deal
News 13 hours ago
Freedom's mortgage servicing portfolio grows 44% in RoundPoint deal

Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing gives it a major subservicer and will increase the Mount Laurel N. J.-based company...

Share
High end of purchase market benefiting most from lower mortgage rates
News 1 day ago
High end of purchase market benefiting most from lower mortgage rates

The decline in average mortgage rates since the start of the year is driving higher purchase demand, especially at the higher end of the market,...

Share
Mortgage insurers can help banks reduce CECL burden: Genworth
News 2 days ago
Mortgage insurers can help banks reduce CECL burden: Genworth

Private mortgage insurers can help to ease banks' compliance burden when it comes to the Current Expected Credit Loss accounting standard, an...

Share
Lowest mortgage rates in over a year drives rise in refi applications
News 2 days ago
Lowest mortgage rates in over a year drives rise in refi applications

With mortgage rates falling to their lowest level in over a year, refinance volume drove this week's increase in application activity, according to...

Share
California's big housing bill is dead for the year
News 3 days ago
California's big housing bill is dead for the year

Even as he blocked a major legislative push to spur more apartment construction around public transit and in wealthy suburbs, state Sen. Anthony...

Share
KSL taps CMBS to finance Margaritaville resort mortgage
News 4 days ago
KSL taps CMBS to finance Margaritaville resort mortgage

KSL Capital Partners is sponsoring a $161.5 million commercial mortgage-backed securitization for the Margaritaville Hollywood Beach Resort, a...

Share
New Orleans-area home prices rise in early 2019
News 4 days ago
New Orleans-area home prices rise in early 2019

Home prices in metro New Orleans were up at the start of 2019, according to the latest data from the National Association of Realtors. The median...

Share
When will non-QM loans and HELOCs take off?
News 4 days ago
When will non-QM loans and HELOCs take off?

As the Mortgage Bankers Association convenes its annual secondary market conference in New York, one of the big questions on the minds of many...

Share
SunTrust, BB&T could become CRE lending powerhouse in the Southeast
News 1 week ago
SunTrust, BB&T could become CRE lending powerhouse in the Southeast

BB&T's acquisition of SunTrust may make the combined company more of a contender in regional metro-area commercial mortgage lending, according to...

Share
Almost $3B in Washington state HFA mortgage servicing rights for sale
News 1 week ago
Almost $3B in Washington state HFA mortgage servicing rights for sale

An institution that services housing finance authority loans is putting $2.65 billion in servicing rights from Washington state up for bid through...

Share
Mortgage originations plunge, but subprime activity sees minimal decline
News 1 week ago
Mortgage originations plunge, but subprime activity sees minimal decline

Mortgage activity plunged before the start of the year, but subprime originations dropped the least, according to TransUnion. Despite dwindling...

Share
Housing starts climb more than estimated as permits rise
News 1 week ago
Housing starts climb more than estimated as permits rise

New-home construction rose for a second month and topped estimates in April in a sign of positive momentum for the housing sector at the start of...

Share
Worries over trade could affect mortgage application activity: MBA
News 1 week ago
Worries over trade could affect mortgage application activity: MBA

The trade dispute with China is likely to affect consumers' willingness to buy a home and apply for a new mortgage loan, according to the Mortgage...

Share
February's foreclosure inventory fell to lowest rate since 1999
News 1 week ago
February's foreclosure inventory fell to lowest rate since 1999

Strong levels of employment and continued economic expansion drove February's mortgage delinquencies and foreclosures to 20-year lows, according to...

Share
First-quarter mortgage revenue dip flags a 2019 challenge for Equifax
News 1 week ago
First-quarter mortgage revenue dip flags a 2019 challenge for Equifax

First-quarter operating revenue in Equifax's Mortgage Solutions unit was the lowest it's been for the fiscal period since 2016, and the company...

Share
Multifamily lenders balk at N.Y.’s proposed tenant-friendly reforms
News 2 weeks ago
Multifamily lenders balk at N.Y.’s proposed tenant-friendly reforms

Housing advocates and Democratic lawmakers in New York want to create more protections for tenants of rent-controlled apartments, but they are...

Share
Drop in mortgage rates hurts Impac, but may pay off later
News 2 weeks ago
Drop in mortgage rates hurts Impac, but may pay off later

Lower rates hurt the value of Impac Mortgage Holdings' servicing rights and overall earnings in the first quarter, but they could help improve the...

Share
Syracuse mall's debt struggle underscores changing retail landscape
News 2 weeks ago
Syracuse mall's debt struggle underscores changing retail landscape

A downgrade to near-junk status for bonds backed by payments-in-lieu of taxes issued for a Syracuse, New York, shopping mall project underscores...

Share
Credit standards loosen as mortgage lenders embrace non-QM, jumbo loans
News 2 weeks ago
Credit standards loosen as mortgage lenders embrace non-QM, jumbo loans

Mortgage lending credit standards loosened a bit last month as investors displayed more interest in non-qualified mortgage and nonagency jumbo...

Share
Mortgage banks must do more than just stick to their knitting now
News 2 weeks ago
Mortgage banks must do more than just stick to their knitting now

We're a quarter of the way through the year, and economic news has alternated between record-low unemployment rates, and dramatic daily/weekly...

Share
CMBS office loans could be tougher to pay off on time as supply grows
News 2 weeks ago
CMBS office loans could be tougher to pay off on time as supply grows

Payoffs of maturing office loans in securitizations may be delayed more often in the next few years if increasing inventory constrains occupancy...

Share
Wells sponsoring third post-crisis prime jumbo MBS totaling $554M
News 2 weeks ago
Wells sponsoring third post-crisis prime jumbo MBS totaling $554M

Wells Fargo's prime jumbo mortgage trust platform is downsizing its latest deal compared to its first transaction of the year. But the $553.6...

Share
Mortgage applications rise as lower rates draw buyers into the market
News 2 weeks ago
Mortgage applications rise as lower rates draw buyers into the market

An increase in purchase activity drove the week-over-week rise in mortgage application volume as homebuyers entered the market while interest rates...

Share
Miami's housing affordability crisis is dire
News 2 weeks ago
Miami's housing affordability crisis is dire

A new study shows that Miami's affordable housing crisis is so dire, the city needs at least 50,000 units just to meet the existing need. But the...

Share
New Mexico bank to exit mortgage lending
News 2 weeks ago
New Mexico bank to exit mortgage lending

Bank 34 in Alamogordo, N. M., is getting out of mortgage banking. The $374 million-asset unit of Bancorp 34 disclosed in a regulatory filing...

Share
Non-QM loans bend underwriting less than subprime did: DBRS
News 2 weeks ago
Non-QM loans bend underwriting less than subprime did: DBRS

Securitized loans originated outside the Qualified-Mortgage rule's parameters have looser guidelines than mainstream loans do today, but are more...

Share
Goldman Sachs gets closer to fulfilling terms of mortgage settlement
News 3 weeks ago
Goldman Sachs gets closer to fulfilling terms of mortgage settlement

Goldman Sachs put another $90 million toward consumer mortgage relief in the past two months, bringing the company closer to fulfilling the terms...

Share
JPMorgan Chase's warehouse lending unit accepting eNotes
News 3 weeks ago
JPMorgan Chase's warehouse lending unit accepting eNotes

JPMorgan Chase is now accepting electronic promissory notes as collateral to fund warehouse loans, the company said. The move comes at a time when...

Share
CFPB turns its reg relief focus to HMDA
News 3 weeks ago
CFPB turns its reg relief focus to HMDA

The Consumer Financial Protection Bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days...

Share