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CFPB moves one step closer to regulating clean energy loans
News 4 months ago
CFPB moves one step closer to regulating clean energy loans

The Consumer Financial Protection Bureau plans to issue a proposal on green energy loans that finance home upgrades such as solar panels or cooling...

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American Mortgage Consultants buys third party title search firm
News 4 months ago
American Mortgage Consultants buys third party title search firm

American Mortgage Consultants has acquired title search outsourcer String Real Estate Information Services as part of ongoing efforts to support...

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Arch, Essent go head-to-head with credit risk transfer deals
News 4 months ago
Arch, Essent go head-to-head with credit risk transfer deals

Arch Capital's next offering of credit risk transfer notes features heavy exposure to residential mortgages that have been modified by Fannie Mae...

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People on the move: March 1
News 4 months ago
People on the move: March 1

Pircher, Nichols & Meeks LLP, a national real estate law firm, has promoted Jennifer White to partner of the firm. White joined Pircher, Nichols &...

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GSE reform proposals have small lenders on edge
News 4 months ago
GSE reform proposals have small lenders on edge

WASHINGTON - As lawmakers shop plans to overhaul the housing finance system, small lenders are still skeptical that any of the various legislative...

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Brace for West Coast CRE bubble inflated by tech boom: Bank chief
News 4 months ago
Brace for West Coast CRE bubble inflated by tech boom: Bank chief

Russ Colombo says banks should tighten up on commercial real estate deals around San Francisco. The market has been hot in recent years, so much so...

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HomeStreet has potential buyer for its mortgage operations
News 4 months ago
HomeStreet has potential buyer for its mortgage operations

HomeStreet in Seattle has agreed to sell its mortgage business to Homebridge Financial Services in Iselin, N. J. The $6.9 billion-asset HomeStreet...

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Housing starts decline to two-year low in December
News 4 months ago
Housing starts decline to two-year low in December

New-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets....

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Nonbank mortgage lenders seek changes that bolster funding resources
News 4 months ago
Nonbank mortgage lenders seek changes that bolster funding resources

Policymakers could improve independent mortgage banks' financial stability by giving these companies improved access to liquidity, according to the...

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Mortgage delinquencies fall, while fintechs soar for other loans
News 5 months ago
Mortgage delinquencies fall, while fintechs soar for other loans

Fewer mortgage borrowers are falling behind on their payments, and consumers' broader borrowing habits indicate an increased willingness to turn to...

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Better Mortgage gears lending toward millennials with UberX model
News 5 months ago
Better Mortgage gears lending toward millennials with UberX model

With its latest round of funding, the mortgage fintech company will continue to build its digital platform, with a goal of reducing the...

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In strategic shift, TIAA to close dozens of mortgage offices
News 5 months ago
In strategic shift, TIAA to close dozens of mortgage offices

TIAA Bank plans to close roughly 65 mortgage origination offices across the country - a move that should reduce costs as the company concentrates...

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San Francisco's affordable housing projects hit hard by rising costs
News 5 months ago
San Francisco's affordable housing projects hit hard by rising costs

The slowdown in new market-rate, residential development is starting to take its toll on San Francisco's affordable housing pipeline, as rising...

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FHA expands affordable housing pilot program
News 5 months ago
FHA expands affordable housing pilot program

WASHINGTON - The Federal Housing Administration is expanding a pilot program to streamline mortgage insurance applications for affordable housing...

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M&T Bank buys large MSR portfolio
News 5 months ago
M&T Bank buys large MSR portfolio

M&T Bank in Buffalo, N. Y., has picked up a large servicing portfolio. The $120 billion-asset company disclosed in a Wednesday regulatory filing...

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New Residential prices stock offering, looking to raise $665M
News 5 months ago
New Residential prices stock offering, looking to raise $665M

New Residential priced its second stock offering in four months, looking for gross proceeds of nearly $665 million. The latest offering consists of...

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Mortgage applications increase after four weeks of declining volume
News 5 months ago
Mortgage applications increase after four weeks of declining volume

Mortgage applications increased for the first time in five weeks as key interest rates held steady, according to the Mortgage Bankers Association....

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'After-effects' of recession: Foreclosures increase 35% on Staten Island
News 5 months ago
'After-effects' of recession: Foreclosures increase 35% on Staten Island

In what some real estate professionals are referring to as part of the "after-effects" of the recession, is a spike in the sale of foreclosures...

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Why this bank had to find two buyers
News 5 months ago
Why this bank had to find two buyers

Sometimes a bank has to do a deal to do the deal. The $1.1 billion-asset Bridgeview Bancorp agreed in December to be sold to First Midwest Bancorp...

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Deutsche Bank reverses pledge to help distressed homeowners
News 5 months ago
Deutsche Bank reverses pledge to help distressed homeowners

Deutsche Bank has decided that none of the more than $4 billion it promised to spend on consumer relief after the global mortgage crisis will go to...

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Fannie, Freddie refinances slump on prior mortgage rate growth
News 5 months ago
Fannie, Freddie refinances slump on prior mortgage rate growth

Refinance mortgage volume slipped at the end of the year following interest rate growth, and loans refinanced through the Home Affordable Housing...

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Ginnie Mae must balance supervision with the scope of servicers' risk
News 5 months ago
Ginnie Mae must balance supervision with the scope of servicers' risk

In tightening of supervision of its smaller issuers, there are reports of Ginnie Mae not granting full commitment authority requests, and raising...

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New Orleans-area home prices ended 2018 on a high note
News 5 months ago
New Orleans-area home prices ended 2018 on a high note

Home prices in the greater New Orleans region were on the rise at the end of 2018, according to the latest data from the National Association of...

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Mortgage fintech Ellie Mae to go private in $3.7B deal with Thoma Bravo
News 5 months ago
Mortgage fintech Ellie Mae to go private in $3.7B deal with Thoma Bravo

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all...

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Multifamily and CRE mortgage lending projected to match record high
News 5 months ago
Multifamily and CRE mortgage lending projected to match record high

Stable equity and debt availability should keep multifamily and commercial real estate originations in line with 2017's peak, according to the...

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CMBS delinquencies continue descending at start of year: Fitch
News 5 months ago
CMBS delinquencies continue descending at start of year: Fitch

Late payments on loans backing commercial mortgage bonds continued falling at the start of the year, due to strong new issuance volume and...

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Twin Cities metro losing more affordable housing than it's adding
News 5 months ago
Twin Cities metro losing more affordable housing than it's adding

If you live in a three-bedroom apartment that rents for $1,400 per month or less in the Minneapolis-St. Paul area, consider yourself lucky. That's...

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Tech companies seen as banks' competitors for mortgages: Fannie Mae
News 5 months ago
Tech companies seen as banks' competitors for mortgages: Fannie Mae

A significant percentage of consumers are willing to turn to technology companies for their financial needs, including applying for a mortgage,...

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Mortgage delinquencies and foreclosures recede to prerecession rates
News 5 months ago
Mortgage delinquencies and foreclosures recede to prerecession rates

Better credit quality and the influx of refinancing during the low interest rates of the last few years pushed mortgage performance to the highest...

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Changes to capital rules should be part of GSE overhaul
News 5 months ago
Changes to capital rules should be part of GSE overhaul

Acting Federal Housing Finance Agency Director Joseph Otting has certainly gotten the mortgage market's attention. To the great interest of all...

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