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Commercial real estate activity rises in 2Q, but prices flatten
News 2 days ago
Commercial real estate activity rises in 2Q, but prices flatten

Commercial real estate transaction volume rebounded in the second quarter from a poor first three months of 2019, although property price growth...

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People on the move: Sept. 20
News 3 days ago
People on the move: Sept. 20

Waterstone Mortgage Corp. has opened a new office in Ellicott City, which will be managed by Andrew Wagner. Wagner has been with Waterstone...

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Trump housing plan could have unintended consequences for FHA
News 3 days ago
Trump housing plan could have unintended consequences for FHA

WASHINGTON - In its vision for the future of housing finance, the Trump administration not only calls for smaller footprints for the government...

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Real estate companies under fire for Facebook discrimination
News 4 days ago
Real estate companies under fire for Facebook discrimination

Seven real estate companies are now facing age-discrimination complaints over allegations they used advertisements posted on Facebook to filter out...

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Mortgage applications flat as rates move back above 4%
News 5 days ago
Mortgage applications flat as rates move back above 4%

Mortgage applications decreased 0.1% from one week earlier as conforming and jumbo interest rates climbed back above 4%, which slowed refinance...

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Foreclosure filings record annual drop for 14th consecutive month
News 1 week ago
Foreclosure filings record annual drop for 14th consecutive month

While there was a slight rise in foreclosure filings in August over July, there was a decline when compared with the previous year for the 14th...

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California files support for Oakland in Wells Fargo mortgage suit
News 1 week ago
California files support for Oakland in Wells Fargo mortgage suit

California Attorney General Xavier Becerra filed a brief Thursday in support of Oakland's lawsuit against Wells Fargo, alleging that the bank...

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FHFA more than doubles multifamily lending caps for Fannie and Freddie
News 1 week ago
FHFA more than doubles multifamily lending caps for Fannie and Freddie

WASHINGTON - The Federal Housing Finance Agency is revising the multifamily loan purchase caps for the mortgage giants Fannie Mae and Freddie Mac....

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Mortgage credit tightens despite an increase in demand
News 1 week ago
Mortgage credit tightens despite an increase in demand

Mortgage credit availability tightened in August by the most since the end of last year, even though falling interest rates sparked a strong uptick...

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Lenders' profit optimism spikes to four-year high: Fannie Mae
News 1 week ago
Lenders' profit optimism spikes to four-year high: Fannie Mae

A swell of refinance demand amid a low mortgage rate environment pushed lender profit margin outlooks to the highest level since the first quarter...

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SHFA financing just one way to address affordable housing gap: Fitch
News 1 week ago
SHFA financing just one way to address affordable housing gap: Fitch

The use of state housing finance agency down payment assistance programs is part of the solution to address the growing affordable housing gap, a...

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Mortgage applications up, led by purchase activity, in short week
News 1 week ago
Mortgage applications up, led by purchase activity, in short week

Mortgage applications increased 2% on an adjusted basis from one week earlier driven by gains in the purchase market while refinance activity was...

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Mortgage bankers predict commercial, multifamily will reach new highs
News 1 week ago
Mortgage bankers predict commercial, multifamily will reach new highs

Lower interest rates are expected to drive financing secured by income-producing properties to new heights by year-end, according to the Mortgage...

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Seniors are being priced out of Boise area rental market
News 1 week ago
Seniors are being priced out of Boise area rental market

Fred Payne was born at Mercy Hospital in Nampa, Idaho. Now, 57 years later, he's one of the first tenants in the new affordable senior apartments...

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There are better times ahead for mortgage finance
News 1 week ago
There are better times ahead for mortgage finance

The mortgage industry's cycles of market and credit risk are a merry-go-round. The business tends to face the same risks over and over again, but...

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Twin Cities homebuilders enjoyed the best August in five years
News 2 weeks ago
Twin Cities homebuilders enjoyed the best August in five years

It was the most robust August in at least five years for Twin Cities homebuilders. Builders were issued 737 permits to build 1,310 units, according...

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Mortgage rates continue their summer swoon
News 2 weeks ago
Mortgage rates continue their summer swoon

Mortgage rates fell to lows not seen October 2016, affected by concerns over manufacturing and the ongoing trade war with China, according to...

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HUD plows ahead with effort to restrict down payment assistance
News 2 weeks ago
HUD plows ahead with effort to restrict down payment assistance

WASHINGTON - Although the Department of Housing and Urban Development was forced to withdraw guidance restricting nonprofit housing funds from...

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Mortgage applications decrease again despite rates falling
News 2 weeks ago
Mortgage applications decrease again despite rates falling

Mortgage applications fell 3.1% from one week earlier even with another decrease in rates, according to the Mortgage Bankers Association. The MBA's...

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Manhattan's biggest condo tower gets new loan for unsold units
News 3 weeks ago
Manhattan's biggest condo tower gets new loan for unsold units

Call it a sign of a dreary Manhattan condo market, as well as optimism for an eventual comeback. Extell Development, facing an Aug. 30 maturity for...

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Potential buyers offer new vision for shuttered Bakersfield mall
News 3 weeks ago
Potential buyers offer new vision for shuttered Bakersfield mall

Prospective buyers of the boarded-up East Hills Mall recently reached out to Bakersfield city officials with a new vision for demolishing and...

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Now is when commercial lenders need to prepare for the next recession
News 3 weeks ago
Now is when commercial lenders need to prepare for the next recession

July 1, 2019, was an important date. Why? Because it marked the day the U. S. economy officially entered into the longest economic expansion in...

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Home prices surge 8.2% in Colorado Springs
News 3 weeks ago
Home prices surge 8.2% in Colorado Springs

The Colorado Springs housing market remains one of the nation's hottest, according to a pair of reports released Tuesday. Single-family home prices...

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No one's talking about these loans with rising interest rates
News 3 weeks ago
No one's talking about these loans with rising interest rates

What's happening with interest rates on loans for land acquisition, development and single-family construction pretty much goes against everything...

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Hedge fund settles its portion of a New York predatory lending case
News 3 weeks ago
Hedge fund settles its portion of a New York predatory lending case

New York State regulators entered into a settlement with a hedge fund in a case of alleged unlicensed and predatory mortgage lending activity by...

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Boise-area housing prices are rising faster than anywhere else
News 3 weeks ago
Boise-area housing prices are rising faster than anywhere else

Double digits. That's how much Treasure Valley housing prices have shot up in the past year. The spike is so extreme, no other metro area in the U....

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Applications slip as rates rise for the first time since July
News 3 weeks ago
Applications slip as rates rise for the first time since July

Mortgage rates rose for the first time since the middle of July, but that, along with continued consumer worries about the economy, helped to...

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Millennial mortgage debt levels could soon top all other generations
News 1 month ago
Millennial mortgage debt levels could soon top all other generations

Millennial mortgage debt is on pace to reach levels higher than any other generation, according to Experian. Currently claiming the title of most...

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CRE meets AI in fintech's tool for lenders
News 1 month ago
CRE meets AI in fintech's tool for lenders

A fintech called Blooma has launched an artificial intelligence product for commercial real estate lenders that it says will help them cut down on...

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Southern California must plan for 1.3M new homes in the next decade
News 1 month ago
Southern California must plan for 1.3M new homes in the next decade

Cities and counties in Southern California will have to plan for the construction of 1.3 million new homes in the next decade, a figure more than...

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