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Securitized FHA loans for seniors ebb as private products grow
News 1 month ago
Securitized FHA loans for seniors ebb as private products grow

New securitizations backed by Home Equity Conversion Mortgages fell 14% in 2019 as interest in originating proprietary products increased,...

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Talks underway for future of former Fireman's Fund office site
News 1 month ago
Talks underway for future of former Fireman's Fund office site

The long-vacant Fireman's Fund office complex in Novato, Calif., might become the site of a mixed-use development with potential use as office...

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Corporate bonds to top mortgages again in 2020, JPMorgan says
News 1 month ago
Corporate bonds to top mortgages again in 2020, JPMorgan says

High-grade corporate bonds bested mortgages by a wide margin in 2019 and are likely to outperform them again this year, according to JPMorgan Chase...

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Middle East uncertainty could cause mortgage rates to fall
News 1 month ago
Middle East uncertainty could cause mortgage rates to fall

Instability among foreign relations typically drags down long-term interest rates and the latest crisis with Iran could be a catalyst for a drop in...

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Mass. transfer fee for big real estate deals to get push next week
News 1 month ago
Mass. transfer fee for big real estate deals to get push next week

A group of Massachusetts lawmakers, local elected officials and housing advocates plan to launch a new coalition next week to advocate for real...

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Average mortgage rates show stability entering 2020
News 1 month ago
Average mortgage rates show stability entering 2020

If the first weekly Freddie Mac report of the year is any indication, there could be far less volatility for fixed mortgage rates in 2020 than...

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New Jersey's mortgage servicing law is about to kick into high gear
News 1 month ago
New Jersey's mortgage servicing law is about to kick into high gear

The Department of Banking and Insurance in New Jersey is warning that enforcement of a 2019 residential mortgage servicer licensing law will begin...

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Mortgage review hangs heavy over Michigan bank's new CEO
News 1 month ago
Mortgage review hangs heavy over Michigan bank's new CEO

Loan concentrations can be acceptable when all is well, but they can cause heartburn when something goes sideways. Sterling Bancorp in Southfield,...

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Mortgage applications down as less borrowers seek conventional refis
News 1 month ago
Mortgage applications down as less borrowers seek conventional refis

Mortgage applications decreased 5.3% on a seasonally adjusted basis from one week earlier led by a decline in conventional refinance loan demand,...

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Virginia mall owner in default on $750 million loan
News 1 month ago
Virginia mall owner in default on $750 million loan

This year likely can't end fast enough for the MacArthur Center mall in downtown Norfolk, Va. It lost one of two anchors, Nordstrom, and several...

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Low mortgage rates attracting consumers to the new home market: Meyers
News 1 month ago
Low mortgage rates attracting consumers to the new home market: Meyers

Pending new home sales increased both on a month-to-month and annual basis, benefitting from the current low mortgage rate environment, although...

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Trump tax perk fuels San Jose development as Google moves in
News 2 months ago
Trump tax perk fuels San Jose development as Google moves in

San Francisco's towers and Silicon Valley's sprawling tech campuses have long overshadowed downtown San Jose in the Bay Area. But developer Erik...

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People on the move: Dec. 20
News 2 months ago
People on the move: Dec. 20

Impac Mortgage Corp. said that Michael Falce has rejoined the company as director of national correspondent sales. Prior to returning to Impac,...

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Four ways for mortgage women to take a stand in 2020
News 2 months ago
Four ways for mortgage women to take a stand in 2020

What's the most exciting thing happening in mortgage finance today? Hint: It barely has anything to do with mortgage or finance. It has everything...

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New York enacts zombie property law
News 2 months ago
New York enacts zombie property law

New York Gov. Andrew Cuomo signed legislation Wednesday aimed at getting mortgage companies to take quicker action on vacant properties. The...

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Mortgage application activity drops due to flat rates, seasonality
News 2 months ago
Mortgage application activity drops due to flat rates, seasonality

Mortgage applications decreased 5% from one week earlier as, absent any rate incentive, activity slowed because of the holiday season, according to...

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Will CRA revamp stimulate lending in down-and-out neighborhoods?
News 2 months ago
Will CRA revamp stimulate lending in down-and-out neighborhoods?

Proposed changes to the Community Reinvestment Act could serve as a catalyst for banks to become more active in financing projects inside...

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More pets left at Santa Fe shelter due to housing crunch
News 2 months ago
More pets left at Santa Fe shelter due to housing crunch

The couple walked into the animal shelter on a recent morning with a glum look. No wonder. While a visit to the Santa Fe Animal Shelter & Humane...

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New report predicts strong Las Vegas housing market
News 2 months ago
New report predicts strong Las Vegas housing market

The National Association of Realtors predicted the Las Vegas housing market would likely overperform over the next several years, contradicting a...

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Mortgage lenders less optimistic about profit growth: Fannie Mae
News 2 months ago
Mortgage lenders less optimistic about profit growth: Fannie Mae

Mortgage lenders became slightly bearish on their profitability outlook in the fourth quarter, with the competitive landscape and shift to a...

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Mortgage rates rise on employment, Fed headlines
News 2 months ago
Mortgage rates rise on employment, Fed headlines

Mortgage rates rose slightly with a stronger-than-expected jobs report starting the week and the Federal Open Market Committee decision to hold the...

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Mortgage applications increase with FHA refinancings as a driver
News 2 months ago
Mortgage applications increase with FHA refinancings as a driver

Mortgage application activity increased 3.8% from one week earlier, with refinance volume for Federal Housing Administration-insured loans taking...

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Blackstone sponsors $1.7B securitization of Great Wolf resorts
News 2 months ago
Blackstone sponsors $1.7B securitization of Great Wolf resorts

Blackstone Real Estate Partners will sponsor a $1.7 billion bond sale secured by a commercial mortgage loan that financed its newly acquired...

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The Trump effect: How mortgage rates move with the president's tweets
News 2 months ago
The Trump effect: How mortgage rates move with the president's tweets

President Trump lets his thoughts be known through Twitter and those tweets can have a direct impact on the economy and interest rates, according...

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Lenders add expanded-criteria mortgages as credit availability grows
News 2 months ago
Lenders add expanded-criteria mortgages as credit availability grows

Mortgage lenders are increasingly introducing new loan programs outside of typical underwriting parameters in line with indicators suggesting that...

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Sterling in Michigan suspends mortgage program
News 2 months ago
Sterling in Michigan suspends mortgage program

Sterling Bancorp in Southfield, Mich., has suspended one of its residential lending programs. The $3.3 billion-asset company said in a regulatory...

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For eighth straight quarter, CMBS loan delinquency rates drop: MBA
News 2 months ago
For eighth straight quarter, CMBS loan delinquency rates drop: MBA

Most commercial and multifamily loan-delinquency rates remained near record lows in the third quarter thanks to low mortgage rates and high...

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Home SF was meant to boost housing along transit corridors
News 2 months ago
Home SF was meant to boost housing along transit corridors

More than two years ago, San Francisco adopted an aggressive plan to add more housing, including affordable homes, along transit corridors. Under...

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California could lose housing leverage over cities under court ruling
News 2 months ago
California could lose housing leverage over cities under court ruling

A judge's ruling in San Mateo County is raising fears among developers and advocates for more housing construction that the state will lose its...

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Regulators issue warning on growth of nonbank mortgage sector
News 2 months ago
Regulators issue warning on growth of nonbank mortgage sector

WASHINGTON - The Financial Stability Oversight Council has identified the growth of nonbank mortgage origination and servicing as a new risk to the...

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