Search Results for:

You are here

How CMBS lenders can stop worrying and learn to love C-PACE
News 1 month ago
How CMBS lenders can stop worrying and learn to love C-PACE

Mixing C-PACE and CMBS sounds like a cocktail invented by Dr. Strangelove, but the intersection of these two financing vehicles creates unique...

Share
BofA sides with elderly borrowers in Ditech bankruptcy
News 1 month ago
BofA sides with elderly borrowers in Ditech bankruptcy

Bank of America, which took heat for how it treated customers in the mortgage crisis a decade ago, has emerged as a champion of elderly borrowers...

Share
Report: New York destined as new king of PACE funding
News 1 month ago
Report: New York destined as new king of PACE funding

Could New York replace California as the epicenter of property assessed clean energy financing? Morningstar Credit Ratings believes so, in a new...

Share
Jefferies turns to warehouse securitization to fund GSE-eligible loans
News 1 month ago
Jefferies turns to warehouse securitization to fund GSE-eligible loans

Jefferies Group is sponsoring a one-year, revolving warehouse securitization to fund a pipeline of first-lien, GSE-eligible mortgages for eventual...

Share
Ocwen affiliate introduces new proprietary reverse mortgage product
News 1 month ago
Ocwen affiliate introduces new proprietary reverse mortgage product

Liberty Home Equity, a subsidiary of Ocwen Financial, is offering a new private-market alternative to Federal Housing Administration-insured...

Share
BofA, PNC latest banks to report strong mortgage origination growth
News 1 month ago
BofA, PNC latest banks to report strong mortgage origination growth

The second quarter continues to shape up as a good one for bank mortgage lenders - and one ancillary service provider - that are benefiting from a...

Share
Rising rates cause drop in mortgage apps, yet refis remain strong
News 1 month ago
Rising rates cause drop in mortgage apps, yet refis remain strong

Higher interest rates led to a 1.1% seasonally adjusted decline in mortgage applications compared with the previous week, according to the Mortgage...

Share
Mortgage profits lag origination gains at Wells Fargo, JPMorgan Chase
News 1 month ago
Mortgage profits lag origination gains at Wells Fargo, JPMorgan Chase

Wells Fargo and JPMorgan Chase recorded stronger mortgage originations in the second quarter as rates fell, but profits from single-family loans...

Share
Sprint HQ's lease-buyback deal to be financed via large-loan CMBS
News 1 month ago
Sprint HQ's lease-buyback deal to be financed via large-loan CMBS

A developer involved in the lease-buyback acquisition of Sprint Corp.'s sprawling global headquarters campus near Kansas City, Mo., plans a large...

Share
Citi's mortgage earnings decline despite origination surge
News 1 month ago
Citi's mortgage earnings decline despite origination surge

Despite a significant rise in first-mortgage production due to lower interest rates, profits from home lending in Citigroup's retail banking...

Share
Life insurers' upped mortgage investments risky in case of downturn
News 1 month ago
Life insurers' upped mortgage investments risky in case of downturn

Life insurance companies increased their mortgage investments to levels higher than historical norms, creating more potential danger for their...

Share
Agencies release update on capital proposal for CRE assets
News 1 month ago
Agencies release update on capital proposal for CRE assets

WASHINGTON - The federal banking regulators issued a new proposal Friday asking for further public comment on changing the definition of a "high...

Share
FHA postpones digital signature requirement for appraisals
News 1 month ago
FHA postpones digital signature requirement for appraisals

The Federal Housing Administration is delaying a plan to put a hard stop on home loan files that lack digitally signed appraisals. The FHA...

Share
Average mortgage rates remain stable, but more drops are likely
News 1 month ago
Average mortgage rates remain stable, but more drops are likely

While mortgage rates remained unchanged this past week, further drops are possible as signs from the Federal Reserve point to a short-term rate cut...

Share
Total application volume down although purchases continue to rise
News 1 month ago
Total application volume down although purchases continue to rise

A decline in refinancings led to a drop in mortgage application volume last week, even though purchase activity continues to rise, according to the...

Share
Self-storage operator taking out cash return in $264.1M CMBS deal
News 1 month ago
Self-storage operator taking out cash return in $264.1M CMBS deal

Prime Storage Group, the largest operator of private self-storage facilities in the U. S., is refinancing debt through the commercial mortgage...

Share
Suit accuses Maine developer of stealing as properties go to auction
News 1 month ago
Suit accuses Maine developer of stealing as properties go to auction

A developer behind projects in the Maine cities of Portland and Saco has been sued by a business partner who alleges he "squandered, embezzled and...

Share
News 1 month ago
Freddie kicks off summer K-Deal calendar with $1.33B offering

Freddie Mac is launching a new $1.33 billion issuance of notes through its "K-Deal" certificates series, the first of possibly six consecutive...

Share
Montana affordable housing program goes into effect
News 1 month ago
Montana affordable housing program goes into effect

The Whitefish, Mont., Legacy Homes Program intended to create housing for those with moderate incomes officially went into effect on July 3. The...

Share
A CDFI's digital ambitions
News 1 month ago
A CDFI's digital ambitions

Steven Schnall has made a career out of helping mortgage companies expand. For a time, he ran New York Mortgage Trust out of his Manhattan...

Share
Amazon can make a big splash in the mortgage business or wipe out
News 1 month ago
Amazon can make a big splash in the mortgage business or wipe out

The current state of the mortgage industry has left the door wide open for newcomers with major brand awareness. Customer experience remains poor -...

Share
Mortgage application activity flat, but FHA refi volume soars
News 1 month ago
Mortgage application activity flat, but FHA refi volume soars

Mortgage application activity was virtually flat from one week earlier, down just 0.1%, although there was a huge gain in Federal Housing...

Share
Alt-doc mortgages performing better than expected so far: Fitch
News 1 month ago
Alt-doc mortgages performing better than expected so far: Fitch

Mortgages using alternative documentation like bank statements for underwriting performed stronger than expected, but uncertainty remains about...

Share
Customers in Pa. warns of earnings hit after mortgage client shuts down
News 1 month ago
Customers in Pa. warns of earnings hit after mortgage client shuts down

Customers Bancorp in Wyomissing, Pa., expects to take an earnings hit after a client unexpectedly closed. The $10.1 billion-asset Customers...

Share
Mortgage industry calls for servicing regulation uniformity in New York
News 1 month ago
Mortgage industry calls for servicing regulation uniformity in New York

The mortgage industry is calling for better alignment between the federal government and state of New York regarding proposed regulatory revisions...

Share
Average mortgage rates sink after 'action-packed' couple of weeks
News 1 month ago
Average mortgage rates sink after 'action-packed' couple of weeks

Average mortgage rates dropped for the seventh time in the last nine weeks following news from the Federal Reserve of a possible near-term rate cut...

Share
EF Hutton admits it has not paid mortgage on Ohio headquarters
News 1 month ago
EF Hutton admits it has not paid mortgage on Ohio headquarters

EF Hutton admitted in a court filing that it has defaulted under the terms of its contract with a real estate company and that the company has...

Share
FB Financial wraps up mortgage refresh with correspondent channel sale
News 1 month ago
FB Financial wraps up mortgage refresh with correspondent channel sale

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's...

Share
News 1 month ago
Affordable housing focus of Ohio county's development plan

An Ohio county would invest an additional $65 million to spur construction of 2,050 affordable housing units over the next decade under...

Share
Why some mortgage lenders are searching for ways to make small loans
News 1 month ago
Why some mortgage lenders are searching for ways to make small loans

Small loans can be nettlesome for lenders given their lack of economies of scale and how thin mortgage margins have been, but they can pay off in...

Share