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Potential buyers offer new vision for shuttered Bakersfield mall
News 3 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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Now is when commercial lenders need to prepare for the next recession
News 3 months 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 months 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 months 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 months 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 months 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 months 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 3 months 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 3 months 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 3 months 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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Mortgage applications drop as refis level off and purchases drag
News 3 months ago
Mortgage applications drop as refis level off and purchases drag

Mortgage application volume fell 0.9% last week as the small drop in interest rates slowed refinancing activity, while economic worries likely kept...

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WeWork taps CMBS market to finance S.F. office acquisition
News 3 months ago
WeWork taps CMBS market to finance S.F. office acquisition

Though WeWork's recent initial public offering launch raised some eyebrows, the company is moving ahead with plans to court institutional investors...

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HUD plan to alter anti-discrimination rule called 'deeply cynical'
News 4 months ago
HUD plan to alter anti-discrimination rule called 'deeply cynical'

The Department of Housing and Urban Development has published a proposed a rule that would amend its "disparate impact" standard to effectively...

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Lender risk from CFPB underwriting rule tested in Ohio case
News 4 months ago
Lender risk from CFPB underwriting rule tested in Ohio case

Lenders have long worried that borrowers would use the Consumer Financial Protection Bureau's mortgage underwriting rule to fight foreclosure in...

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HUD to loosen restrictions on FHA insurance for condo loans
News 4 months ago
HUD to loosen restrictions on FHA insurance for condo loans

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post...

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Refinacings surge, purchase applications rise on sharp rate drop
News 4 months ago
Refinacings surge, purchase applications rise on sharp rate drop

While last week's large drop in interest rates sparked a surge in refinance activity, purchase mortgage application volume increased for the first...

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Oakland on course to create more new housing units than S.F.
News 4 months ago
Oakland on course to create more new housing units than S.F.

Builders in Oakland are on course to create more new housing units than San Francisco this year, a notable role reversal for a city that has long...

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Ginnie Mae's issuance moves closer to a high last seen in 2016
News 4 months ago
Ginnie Mae's issuance moves closer to a high last seen in 2016

The volume of new mortgage securities insured by Ginnie Mae remained higher than it has been in more than two years in July, rising slightly on a...

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Nominations open for 'Best Mortgage Companies to Work For'
News 4 months ago
Nominations open for 'Best Mortgage Companies to Work For'

National Mortgage News is now accepting nominations for its second annual Best Mortgage Companies to Work For program. This is a survey and awards...

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Regulators may end CRA credit for loans to wealthy: OCC’s Otting
News 4 months ago
Regulators may end CRA credit for loans to wealthy: OCC’s Otting

ATLANTA - Loans to high-income earners living in lower-income neighborhoods may no longer get Community Reinvestment Act credit under a proposed...

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Crapo to join HUD's Carson at event on affordable housing
News 4 months ago
Crapo to join HUD's Carson at event on affordable housing

WASHINGTON - Housing and Urban Development Department Secretary Ben Carson will discuss affordable housing challenges in Idaho Monday. Carson was...

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Significant drop in mortgage rates as economic doubts thrive
News 4 months ago
Significant drop in mortgage rates as economic doubts thrive

Mortgage rates tumbled to lows not seen since November 2016 as benchmark 10-year Treasury yields continue to decline due to investors' uncertainty...

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Seattle to sell land steps from Amazon for offices and housing
News 4 months ago
Seattle to sell land steps from Amazon for offices and housing

Seattle is poised to get a new $1 billion development steps from Amazon.com Inc.'s sprawling urban campus as part of a major land sale by the city....

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Could there ever be negative long-term mortgage rates in the U.S.?
News 4 months ago
Could there ever be negative long-term mortgage rates in the U.S.?

Falling rates: The phrase is music to a mortgage originator's ears. But is it possible, even when it comes to the volume stimulating effects that a...

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More consumer debt plus economy issues push up mortgage default risk
News 4 months ago
More consumer debt plus economy issues push up mortgage default risk

Increased consumer debt and the threat of an economic downturn increase the default risk for government-sponsored enterprise mortgages during the...

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Mortgage refinance applications rise as trade issues cause rate drop
News 4 months ago
Mortgage refinance applications rise as trade issues cause rate drop

The economic tensions between the U. S. and China drove interest rates down last week, leading to a surge in refinance applications, according to...

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Mall landlords weigh becoming lenders to blunt retail crash
News 4 months ago
Mall landlords weigh becoming lenders to blunt retail crash

Mall landlords accustomed to offering rent reductions to ailing retailers are mulling a new strategy to forestall the industry's collapse:...

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Mortgage servicer customer experience efforts are a flop: J.D. Power
News 4 months ago
Mortgage servicer customer experience efforts are a flop: J.D. Power

Mortgage servicer consumer experience efforts are a bust, according to J. D. Power. The research company, responsible for surveying millions of...

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Mortgage servicing rights hit results in 2Q loss at Mr. Cooper
News 4 months ago
Mortgage servicing rights hit results in 2Q loss at Mr. Cooper

Mr. Cooper Group reported a second-quarter net loss of $87 million as the company took a $231 million fair value hit to its mortgage servicing...

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Will New York's new rental laws suppress multifamily lending?
News 4 months ago
Will New York's new rental laws suppress multifamily lending?

Values on rent-regulated buildings in New York City have plummeted in the roughly two months since New York Gov. Andrew Cuomo signed sweeping new...

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