Search Results for:

You are here

Regulators may end CRA credit for loans to wealthy: OCC’s Otting
News 5 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...

Share
Crapo to join HUD's Carson at event on affordable housing
News 5 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...

Share
Significant drop in mortgage rates as economic doubts thrive
News 5 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...

Share
Seattle to sell land steps from Amazon for offices and housing
News 5 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....

Share
Could there ever be negative long-term mortgage rates in the U.S.?
News 5 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...

Share
More consumer debt plus economy issues push up mortgage default risk
News 5 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...

Share
Mortgage refinance applications rise as trade issues cause rate drop
News 5 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...

Share
Mall landlords weigh becoming lenders to blunt retail crash
News 5 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:...

Share
Mortgage servicer customer experience efforts are a flop: J.D. Power
News 5 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...

Share
Mortgage servicing rights hit results in 2Q loss at Mr. Cooper
News 5 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...

Share
Will New York's new rental laws suppress multifamily lending?
News 5 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...

Share
Purchase mortgage applications fall due to lack of homes for sale
News 5 months ago
Purchase mortgage applications fall due to lack of homes for sale

Purchase mortgage applications continue to decline, falling to their lowest level since the start of the spring, as supply constraints limit...

Share
The Bancorp's risky CRE pivot
News 5 months ago
The Bancorp's risky CRE pivot

The Bancorp may be best known for issuing prepaid cards, but it is relying on another strategy to boost its financial results. The Wilmington, Del....

Share
New Residential takes loss, shifts gears in response to lower rates
News 5 months ago
New Residential takes loss, shifts gears in response to lower rates

New Residential Investment Corp. took a $32 million net loss in the second quarter as it diversified its business lines and repositioned to protect...

Share
Angel Oak adds $559M deal to non-QM RMBS pipeline
News 5 months ago
Angel Oak adds $559M deal to non-QM RMBS pipeline

Angel Oak Mortgage's brisk pace of non-qualified residential mortgage-backed securitizations carries on with the private lender's fourth asset...

Share
CHLA wants FHA loans with forbearances removed from Neighborhood Watch
News 5 months ago
CHLA wants FHA loans with forbearances removed from Neighborhood Watch

Removing Federal Housing Administration-insured mortgages with natural-disaster forbearance from the agency's delinquency tracking database would...

Share
Hard-money mortgage lender raises $10M in public offering
News 5 months ago
Hard-money mortgage lender raises $10M in public offering

Sachem Capital Corp., a hard-money mortgage lender that makes short-term loans to investors, raised $10 million in gross proceeds from a public...

Share
CFPB ending special treatment for Fannie, Freddie in mortgage rule
News 5 months ago
CFPB ending special treatment for Fannie, Freddie in mortgage rule

WASHINGTON - The Consumer Financial Protection Bureau is planning to end its special treatment for certain mortgages backed by Fannie Mae and...

Share
Waterstone Mortgage using nontraditional credit data in underwriting
News 5 months ago
Waterstone Mortgage using nontraditional credit data in underwriting

Waterstone Mortgage is now qualifying borrowers without a traditional credit history for both its conventional and government mortgage programs....

Share
Mortgage application activity fell even with an interest rate drop
News 5 months ago
Mortgage application activity fell even with an interest rate drop

Fewer consumers applied for mortgages last week even as interest rates declined by 3 to 4 basis points for all product types, according to the...

Share
How CMBS lenders can stop worrying and learn to love C-PACE
News 5 months 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 5 months 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 5 months 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 5 months 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 5 months 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