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News 4 days 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...

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News 4 days 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...

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News 5 days 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...

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News 5 days 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...

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News 5 days 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...

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News 6 days 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?...

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News 6 days 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...

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News 6 days 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....

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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...

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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...

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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;...

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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,...

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News 1 week 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,...

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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...

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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...

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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...

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Mortgage applications decrease as refi activity hits 18-year low
News 2 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...

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Average mortgage rates fall by the most in three years
News 2 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,...

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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...

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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...

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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...

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Lenders reliant on CRE face tough road
News 3 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...

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Why jumbo mortgage lenders continue to relax underwriting standards
News 3 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,...

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Higher mortgage rates pull down loan applications for new homes
News 3 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...

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In tight housing market, lenders get creative to finance garage apartments
News 3 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....

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People on the move: Nov. 16
News 3 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...

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Wells Fargo layoffs begin with 1,000 mortgage, tech jobs
News 3 weeks ago
Wells Fargo layoffs begin with 1,000 mortgage, tech jobs

Wells Fargo notified 1,000 employees, including 900 mortgage lending professionals, that their jobs will soon be eliminated. It's the first major...

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FHA finances recover despite further reverse mortgage losses
News 3 weeks ago
FHA finances recover despite further reverse mortgage losses

WASHINGTON — The Federal Housing Administration's mortgage insurance fund has rebounded notably in the past year despite continued challenges with...

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Regulators lift CRE concentration cap at New York Community
News 3 weeks ago
Regulators lift CRE concentration cap at New York Community

Regulators have removed a key commercial real estate concentration limit for New York Community Bancorp in Westbury, N. Y. The $51.2 billion-asset...

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5 reasons Amazon's HQ2 pick is a dud for mortgage lenders
News 3 weeks ago
5 reasons Amazon's HQ2 pick is a dud for mortgage lenders

5 reasons Amazon's HQ2 pick is a dud for mortgage lenders Redfin is latest real estate company taking a deeper mortgage dive Regulators lift CRE...

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