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Better Mortgage gears lending toward millennials with UberX model
News 10 hours ago
Better Mortgage gears lending toward millennials with UberX model

With its latest round of funding, the mortgage fintech company will continue to build its digital platform, with a goal of reducing the...

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In strategic shift, TIAA to close dozens of mortgage offices
News 11 hours ago
In strategic shift, TIAA to close dozens of mortgage offices

TIAA Bank plans to close roughly 65 mortgage origination offices across the country - a move that should reduce costs as the company concentrates...

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San Francisco's affordable housing projects hit hard by rising costs
News 12 hours ago
San Francisco's affordable housing projects hit hard by rising costs

The slowdown in new market-rate, residential development is starting to take its toll on San Francisco's affordable housing pipeline, as rising...

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FHA expands affordable housing pilot program
News 13 hours ago
FHA expands affordable housing pilot program

WASHINGTON - The Federal Housing Administration is expanding a pilot program to streamline mortgage insurance applications for affordable housing...

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M&T Bank buys large MSR portfolio
News 16 hours ago
M&T Bank buys large MSR portfolio

M&T Bank in Buffalo, N. Y., has picked up a large servicing portfolio. The $120 billion-asset company disclosed in a Wednesday regulatory filing...

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New Residential prices stock offering, looking to raise $665M
News 1 day ago
New Residential prices stock offering, looking to raise $665M

New Residential priced its second stock offering in four months, looking for gross proceeds of nearly $665 million. The latest offering consists of...

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Mortgage applications increase after four weeks of declining volume
News 1 day ago
Mortgage applications increase after four weeks of declining volume

Mortgage applications increased for the first time in five weeks as key interest rates held steady, according to the Mortgage Bankers Association....

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'After-effects' of recession: Foreclosures increase 35% on Staten Island
News 1 day ago
'After-effects' of recession: Foreclosures increase 35% on Staten Island

In what some real estate professionals are referring to as part of the "after-effects" of the recession, is a spike in the sale of foreclosures...

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Why this bank had to find two buyers
News 2 days ago
Why this bank had to find two buyers

Sometimes a bank has to do a deal to do the deal. The $1.1 billion-asset Bridgeview Bancorp agreed in December to be sold to First Midwest Bancorp...

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Deutsche Bank reverses pledge to help distressed homeowners
News 5 days ago
Deutsche Bank reverses pledge to help distressed homeowners

Deutsche Bank has decided that none of the more than $4 billion it promised to spend on consumer relief after the global mortgage crisis will go to...

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Fannie, Freddie refinances slump on prior mortgage rate growth
News 6 days ago
Fannie, Freddie refinances slump on prior mortgage rate growth

Refinance mortgage volume slipped at the end of the year following interest rate growth, and loans refinanced through the Home Affordable Housing...

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Ginnie Mae must balance supervision with the scope of servicers' risk
News 1 week ago
Ginnie Mae must balance supervision with the scope of servicers' risk

In tightening of supervision of its smaller issuers, there are reports of Ginnie Mae not granting full commitment authority requests, and raising...

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New Orleans-area home prices ended 2018 on a high note
News 1 week ago
New Orleans-area home prices ended 2018 on a high note

Home prices in the greater New Orleans region were on the rise at the end of 2018, according to the latest data from the National Association of...

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Mortgage fintech Ellie Mae to go private in $3.7B deal with Thoma Bravo
News 1 week ago
Mortgage fintech Ellie Mae to go private in $3.7B deal with Thoma Bravo

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all...

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Multifamily and CRE mortgage lending projected to match record high
News 1 week ago
Multifamily and CRE mortgage lending projected to match record high

Stable equity and debt availability should keep multifamily and commercial real estate originations in line with 2017's peak, according to the...

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CMBS delinquencies continue descending at start of year: Fitch
News 1 week ago
CMBS delinquencies continue descending at start of year: Fitch

Late payments on loans backing commercial mortgage bonds continued falling at the start of the year, due to strong new issuance volume and...

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Twin Cities metro losing more affordable housing than it's adding
News 2 weeks ago
Twin Cities metro losing more affordable housing than it's adding

If you live in a three-bedroom apartment that rents for $1,400 per month or less in the Minneapolis-St. Paul area, consider yourself lucky. That's...

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Tech companies seen as banks' competitors for mortgages: Fannie Mae
News 2 weeks ago
Tech companies seen as banks' competitors for mortgages: Fannie Mae

A significant percentage of consumers are willing to turn to technology companies for their financial needs, including applying for a mortgage,...

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Mortgage delinquencies and foreclosures recede to prerecession rates
News 2 weeks ago
Mortgage delinquencies and foreclosures recede to prerecession rates

Better credit quality and the influx of refinancing during the low interest rates of the last few years pushed mortgage performance to the highest...

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Changes to capital rules should be part of GSE overhaul
News 2 weeks ago
Changes to capital rules should be part of GSE overhaul

Acting Federal Housing Finance Agency Director Joseph Otting has certainly gotten the mortgage market's attention. To the great interest of all...

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News 3 weeks ago
Commercial banks unlikely to return to residential mortgages

Over the past decade since the 2008 financial crisis, the commercial banking industry has slowly withdrawn from the most risky portion of the U. S....

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News 3 weeks ago
Fintech targets banks keen for out-of-market CRE loans

As more banks take the often risky step of expanding outside their traditional markets, especially through digital means, some fintechs sense an...

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News 3 weeks ago
Wells Fargo takes back top spot for Fannie Mae multifamily in 2018

While Fannie Mae's multifamily origination volume took a step back from 2017's record high of $67 billion, its delegated underwriting and servicing...

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News 4 weeks ago
Commercial mortgage market should prep for Libor switch now: MBA

While the London interbank offered rate won't go dark until 2021, the commercial real estate finance industry should start preparing for the...

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News 4 weeks ago
Adjustable-rate mortgage share grows along with demand: Ellie Mae

Adjustable-rate mortgages for the second consecutive month hit a post-crisis high, due to strong demand for housing being constrained by a lack of...

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News 4 weeks ago
24 million mortgage documents exposed in data security lapse

A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers. The cache of...

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News 4 weeks ago
Rising mortgage rates will have little effect on home purchases: S&P

Rising mortgage rates will only be "a mild deterrent" to home purchase activity during 2019 as other indicators like price and demand will cancel...

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News 4 weeks ago
Redwood Trust exercises its option to buy the rest of 5 Arches

Redwood Trust has exercised its option to expand its minority stake in 5 Arches to 100%, increasing Redwood's exposure to loans used for house...

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News 4 weeks ago
Mortgage applications decrease as rising rates reduce loan demand

Mortgage application activity decreased from one week earlier as rising interest rates cooled borrowers' interest in getting a loan, according to...

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News 1 month ago
Flagstar's mortgage business softer than expected: CEO

Flagstar Bancorp's acquisition of 52 Midwest branches of Wells Fargo helped increase its core customer base, but its mortgage results were lower...

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