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Investors ease up on Hawaii commercial real estate purchases
News 1 month ago
Investors ease up on Hawaii commercial real estate purchases

Hawaii's commercial real estate market is taking a breather from record sales last year, a new report shows. Colliers International forecasts that...

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Multifamily lending jumps to record high, growth expected through 2020
News 1 month ago
Multifamily lending jumps to record high, growth expected through 2020

Rising demand and plummeting mortgage rates pushed multifamily origination dollar volume above 2017's record to a new peak, according to the...

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GAO calls for more scrutiny of reverse mortgage servicing
News 1 month ago
GAO calls for more scrutiny of reverse mortgage servicing

The Federal Housing Administration should more closely monitor reverse mortgage servicers and track related data that would shed light on a rise in...

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New Mexico home sales hot with inventory down
News 1 month ago
New Mexico home sales hot with inventory down

Local and state home sales statistics paint a hot seller's market in New Mexico. While 2018 still ranks as a record breaking year for sales in the...

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Priciest properties make up record share of new-home sales
News 1 month ago
Priciest properties make up record share of new-home sales

It looks like lower mortgage rates are helping lure Americans who are buying the priciest properties. The most expensive houses - those priced at ...

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Second week of rising rates cuts purchase application volume
News 1 month ago
Second week of rising rates cuts purchase application volume

The recent spike in mortgage interest rates reduced home purchase application activity last week, contributing to a 10.1% decline in total activity...

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FirstKey pools manufactured home loans into $526M RMBS deal
News 1 month ago
FirstKey pools manufactured home loans into $526M RMBS deal

FirstKey Mortgage is marketing a rare residential mortgage securitization with collateral made entirely from manufactured-housing loans, according...

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Commercial delinquencies should remain low despite economic worry: MBA
News 1 month ago
Commercial delinquencies should remain low despite economic worry: MBA

Commercial and multifamily mortgage delinquency rates should stay at historically low levels in the near future even as economic uncertainty over...

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Foreclosure starts fall to an 18-year low during August
News 1 month ago
Foreclosure starts fall to an 18-year low during August

Foreclosure starts dropped to their lowest level in 18 years, and properties foreclosed on but not yet sold fell to a 14-year low in August,...

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