Search Results for:

You are here

News 1 day ago
Down payments reach 18-year high in third quarter

Intense competition among homebuyers remains as shown by the continual growth of median down payments, according to Attom Data Solutions. The...

Share
News 1 day ago
New-home mortgage applications decline on affordability worries: MBA

Mortgage applications to purchase newly constructed homes continues to decline, driven by affordability concerns among potential buyers, the...

Share
News 2 days ago
Texas Capital starts e-mortgage purchase program to create liquidity

Texas Capital Bank which already provides warehouse financing for e-mortgages, will now purchase these loans off those lines as it looks to...

Share
News 3 days ago
Morgan Stanley, UBS launch pair of CMBS conduits totaling $1.4B

Morgan Stanley and UBS launched a pair of conduit commercial mortgage securitizations totaling over $1.4 billion Monday, as issuers raced to clear...

Share
News 1 week ago
People on the move: Dec. 7

Alexander joins Grandbridge with nearly a decade of experience in the commercial real estate finance industry. Prior to joining Grandbridge, he...

Share
News 1 week ago
New Penn to become NewRez in 2019

New Penn Financial will change its name to NewRez at the start of 2019, reflecting its acquisition earlier this year by New Residential Investment...

Share
News 1 week ago
Housing inventory crunch could persist for years: Freddie Mac

The gap between supply and demand in the housing market is contributing to affordability constraints that are likely to limit homeownership long...

Share
News 1 week ago
Mortgage credit availability up as lenders expand criteria: MBA

Mortgage credit available to consumers increased in November by 1.1% from the previous month as lenders offered more conventional products with...

Share
News 1 week ago
Home sales slip in Colorado Springs, but prices continue to climb

The Colorado Springs single-family housing market is still going strong — just not quite as strong as last year. A tight supply of homes available...

Share
News 1 week ago
12 housing markets where foreclosures are spiking

NPL sales at Fannie Mae and Freddie Mac slowing at a more gradual pace 'Best mortgage is no mortgage.' Why does Freedom's Stan Middleman say that?...

Share
News 1 week ago
Remax sells Motto Mortgage franchise to a competitor's affiliate

For the first time, Remax Holdings has sold a Motto Mortgage franchise to a real estate brokerage affiliated with a competing franchisor. The...

Share
News 1 week ago
Mortgage applications rise for second straight week on falling rates

Mortgage applications rose for the second straight week as key interest rates fell back toward 5%, according to the Mortgage Bankers Association....

Share
News 1 week ago
Shakeout among mortgage lenders could take time to materialize

The expected rightsizing of the mortgage lending industry will take time to play out, and until it does, the housing finance industry's margins...

Share
News 1 week ago
CMBS loan delinquency rates fall for fifth quarter in a row: MBA

The performance of loans included in commercial mortgage-backed securities improved for the fifth consecutive quarter, with delinquencies down 179...

Share
News 1 week ago
Mortgage lenders get hard sell on commercial PACE

CleanFund is looking at a new way of getting banks and other lenders comfortable with Property Assessed Clean Energy for commercial buildings;...

Share
News 1 week ago
Colorado Springs could soon be No. 1 housing market in U.S.

The Colorado Springs housing market has ranked as one of the country's hottest during much of 2018 because of strong demand and rising prices,...

Share
News 2 weeks ago
People on the move: Nov. 30

Berkadia has added Managing Director Tom Genetti to its mortgage banking team. Genetti, who will be based out of the firm's Birmingham office,...

Share
FHA looking to extend multifamily risk-sharing program: Montgomery
News 2 weeks ago
FHA looking to extend multifamily risk-sharing program: Montgomery

WASHINGTON — The Federal Housing Administration is considering sharing risk on multifamily loans with the Treasury Department’s Federal Financing...

Share
Altisource to shutter buying, renovation, leasing and sales business
News 2 weeks ago
Altisource to shutter buying, renovation, leasing and sales business

Altisource Portfolio Solutions plans to discontinue its buy-renovate-lease-sell business for single-family homes and sell its short-term inventory...

Share
San Diego leads the nation with the most home price reductions
News 2 weeks ago
San Diego leads the nation with the most home price reductions

A year ago, the three-bedroom craftsman home on 2873 Upas St. would have been one of the hottest on the market, receiving multiple offers and...

Share
Mortgage applications decrease as refi activity hits 18-year low
News 3 weeks ago
Mortgage applications decrease as refi activity hits 18-year low

Mortgage application activity decreased 0.1% from one week earlier as refinance volume tanked, although interest rates fell, according to the...

Share
Average mortgage rates fall by the most in three years
News 3 weeks ago
Average mortgage rates fall by the most in three years

Falling oil prices and continued volatility in the stock market resulted in the largest week-to-week decline in mortgage rates in over three years,...

Share
Freddie Mac adds option for closing costs, down payments in rural areas
News 3 weeks ago
Freddie Mac adds option for closing costs, down payments in rural areas

Freddie Mac is expanding its Home Possible loan program to allow borrowers in rural locations to use "sweat equity" for down payments and closing...

Share
Carrington to build on mortgage broker links at new correspondent unit
News 3 weeks ago
Carrington to build on mortgage broker links at new correspondent unit

Carrington Mortgage Services has created a nondelegated correspondent channel, looking to build on relationships it has with originators that...

Share
Fannie, Freddie could fix what ails VA, FHA lending
News 3 weeks ago
Fannie, Freddie could fix what ails VA, FHA lending

Most high-performing companies have invested heavily in technology over the last decade — and Fannie Mae and Freddie Mac are good examples. They’ve...

Share
Lenders reliant on CRE face tough road
News 4 weeks ago
Lenders reliant on CRE face tough road

These are trying times for banks that rely heavily on commercial real estate lending. Investors Bancorp in Short Hills, N. J., is reportedly...

Share
Why jumbo mortgage lenders continue to relax underwriting standards
News 4 weeks ago
Why jumbo mortgage lenders continue to relax underwriting standards

Bank jumbo mortgage underwriting standards weakened in the third quarter by the most in three years and as profitability remains under pressure,...

Share
Higher mortgage rates pull down loan applications for new homes
News 4 weeks ago
Higher mortgage rates pull down loan applications for new homes

Borrowers buying new homes produced fewer loan applications than they did a year earlier due to October's rising interest rates. Loan applications...

Share
In tight housing market, lenders get creative to finance garage apartments
News 4 weeks ago
In tight housing market, lenders get creative to finance garage apartments

It’s uneconomical to build affordable homes on a large scale. So people in some of the nation’s most crowded housing markets are thinking small....

Share
People on the move: Nov. 16
News 4 weeks ago
People on the move: Nov. 16

LERETA LLC has tapped Eric Christensen as its chief strategy officer. He is responsible for product development, corporate strategy, marketing and...

Share