Search Results for:

You are here

Mortgage banks must do more than just stick to their knitting now
News 4 months ago
Mortgage banks must do more than just stick to their knitting now

We're a quarter of the way through the year, and economic news has alternated between record-low unemployment rates, and dramatic daily/weekly...

Share
CMBS office loans could be tougher to pay off on time as supply grows
News 4 months ago
CMBS office loans could be tougher to pay off on time as supply grows

Payoffs of maturing office loans in securitizations may be delayed more often in the next few years if increasing inventory constrains occupancy...

Share
Wells sponsoring third post-crisis prime jumbo MBS totaling $554M
News 4 months ago
Wells sponsoring third post-crisis prime jumbo MBS totaling $554M

Wells Fargo's prime jumbo mortgage trust platform is downsizing its latest deal compared to its first transaction of the year. But the $553.6...

Share
Mortgage applications rise as lower rates draw buyers into the market
News 4 months ago
Mortgage applications rise as lower rates draw buyers into the market

An increase in purchase activity drove the week-over-week rise in mortgage application volume as homebuyers entered the market while interest rates...

Share
Miami's housing affordability crisis is dire
News 4 months ago
Miami's housing affordability crisis is dire

A new study shows that Miami's affordable housing crisis is so dire, the city needs at least 50,000 units just to meet the existing need. But the...

Share
New Mexico bank to exit mortgage lending
News 4 months ago
New Mexico bank to exit mortgage lending

Bank 34 in Alamogordo, N. M., is getting out of mortgage banking. The $374 million-asset unit of Bancorp 34 disclosed in a regulatory filing...

Share
Non-QM loans bend underwriting less than subprime did: DBRS
News 4 months ago
Non-QM loans bend underwriting less than subprime did: DBRS

Securitized loans originated outside the Qualified-Mortgage rule's parameters have looser guidelines than mainstream loans do today, but are more...

Share
Goldman Sachs gets closer to fulfilling terms of mortgage settlement
News 4 months ago
Goldman Sachs gets closer to fulfilling terms of mortgage settlement

Goldman Sachs put another $90 million toward consumer mortgage relief in the past two months, bringing the company closer to fulfilling the terms...

Share
JPMorgan Chase's warehouse lending unit accepting eNotes
News 4 months ago
JPMorgan Chase's warehouse lending unit accepting eNotes

JPMorgan Chase is now accepting electronic promissory notes as collateral to fund warehouse loans, the company said. The move comes at a time when...

Share
CFPB turns its reg relief focus to HMDA
News 4 months ago
CFPB turns its reg relief focus to HMDA

The Consumer Financial Protection Bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days...

Share
Mortgage applications decrease even as interest rates fall
News 4 months ago
Mortgage applications decrease even as interest rates fall

Mortgage applications decreased 4.3% from one week earlier although concerns over the global economy resulted in falling interest rates, according...

Share
Poor credit won't bar a mortgage broker from getting a surety bond
News 4 months ago
Poor credit won't bar a mortgage broker from getting a surety bond

Being a mortgage broker can be a lucrative career path for those with industry experience and a loyal customer base. With more than 11,000 licensed...

Share
Savannah could get more affordable housing under proposed programs
News 4 months ago
Savannah could get more affordable housing under proposed programs

About 44% of Savannah, Ga., families cannot afford quality housing, according to city officials. In other words, almost 24,000 local households are...

Share
New Jersey tightening licensing requirements for servicers
News 4 months ago
New Jersey tightening licensing requirements for servicers

A New Jersey law going into effect this summer adds to a growing number of state-level efforts to require more mortgage servicers to obtain...

Share
Blackstone secures new $1.15B CMBS with trade showroom portfolio
News 4 months ago
Blackstone secures new $1.15B CMBS with trade showroom portfolio

Affiliates of the Blackstone Group will market a series of commercial mortgage-backed bonds secured by an unusual asset: a portfolio of trade...

Share
Commercial mortgages put into special servicing increased in 2018
News 4 months ago
Commercial mortgages put into special servicing increased in 2018

Commercial mortgages placed into special servicing grew last year, but default and foreclosure dollar volume fell as legacy loan resolutions...

Share
San Francisco home sales drop, suggesting slowdown in market
News 4 months ago
San Francisco home sales drop, suggesting slowdown in market

A drop in property sales in San Francisco suggests a housing slowdown despite a booming economy, according to city Assessor-Recorder Carmen Chu....

Share
Can California boost homebuilding without supercharging gentrification?
News 5 months ago
Can California boost homebuilding without supercharging gentrification?

Along a stretch of South Los Angeles near the Expo light rail line, investment dollars are pouring in. Landlords outfit vacant apartments with...

Share
Las Vegas affordable housing shortage at crisis level
News 5 months ago
Las Vegas affordable housing shortage at crisis level

Ten years after the burst of the U. S. housing bubble sent Las Vegas into economic crisis, real estate has made a comeback in the Valley. Residents...

Share
News 5 months ago
Refinanced loans for office and water parks highlight $938M Wells CMBS

Refinanced commercial mortgages for a renovated office park in Florida and a Great Wolf Lodge water park location in Southern California highlight...

Share
Quicken Loans parent company beefing up Canadian investments
News 5 months ago
Quicken Loans parent company beefing up Canadian investments

Quicken Loans parent company Rock Holdings is strengthening its investments in the Canadian market by acquiring a majority stake in Lendesk, a...

Share
GE puts WMC Mortgage into bankruptcy as it faces $1.7B in settlements
News 5 months ago
GE puts WMC Mortgage into bankruptcy as it faces $1.7B in settlements

General Electric placed its WMC Mortgage unit into Chapter 11 bankruptcy protection as the inoperative subprime mortgage originator has nearly $1.7...

Share
Rising rates now affecting purchase mortgage application activity
News 5 months ago
Rising rates now affecting purchase mortgage application activity

Purchase mortgage applications, which until now were unaffected by the recent rise in interest rates, fell by 4% on a seasonally adjusted basis...

Share
Building up Santa Fe's multifamily housing inventory
News 5 months ago
Building up Santa Fe's multifamily housing inventory

With as many as 2,155 apartment units either proposed or under construction in Santa Fe, observers have different views on what role these large...

Share
Brookfield financing mall portfolio mortgage through $295M CMBS transaction
News 5 months ago
Brookfield financing mall portfolio mortgage through $295M CMBS transaction

Mall operator Brookfield Properties Retail Group is tapping the commercial mortgage bond market to partially finance a new mortgage for a cross...

Share
Mortgage industry zeros in on two technologies to improve processes
News 5 months ago
Mortgage industry zeros in on two technologies to improve processes

The mortgage industry identified two technology initiatives it claims have the greatest potential to improve processes and be the most broadly...

Share
Millennials on the move offer smaller mortgage lenders big opportunity
News 5 months ago
Millennials on the move offer smaller mortgage lenders big opportunity

Millennials have long been blamed for pushing transgenerational businesses to extinction. Even financial institutions with storied pasts have not...

Share
Housing starts fall in March to weakest pace since 2017
News 5 months ago
Housing starts fall in March to weakest pace since 2017

New-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower...

Share
More online mortgage shopping equals lower servicer retention rates
News 5 months ago
More online mortgage shopping equals lower servicer retention rates

Consumers increasing their online shopping for homes and loans is a reason why mortgage servicers' retention rates haven't improved much since the...

Share
Trump's housing agency cracks down on no-money-down home loans
News 5 months ago
Trump's housing agency cracks down on no-money-down home loans

The Trump administration is cracking down on national affordable housing programs because of concern over growing risk to the government's almost ...

Share