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The Federal Housing Administration will continue to charge borrowers an annual premium over the entire life of the loan, rejecting calls from some housing advocates to change how it’s calculated.
Ellie Mae earned $22.6 million as it recorded record revenue and the number of Encompass users grew by 25%.
The Detroit company is plowing ahead with its growth strategy at a time when some shareholders are agitating over its sagging share price.
Fifth Third Bancorp in Cincinnati said Thursday that it will spend $27.5 billion over the next five years to provide loans and other financial services to underserved communities in its region.
Mortgage applications for new home purchases increased 14% on an unadjusted basis from the month before, according to data from the Mortgage Bankers Association's Builder Application Survey.
Bank of Botetourt in Buchanan, Va., said Thursday it has opened a mortgage division to pursue unmet demand for home loans in southwestern Virginia.
Mortgage rates fell for the sixth straight week as market volatility continued, according to the Freddie Mac Primary Mortgage Market Survey.
Sales of single-family homes across the Houston area fell for the fourth straight month in January, but the dip was more moderate than previous declines and the mid-priced segment of the market saw gains.
The financial crisis turned a lot of Americans into renters, because they couldn’t keep paying their mortgage, or because high unemployment and stagnant wages in the ensuing years forced them to put off homeownership.
The Federal Home Loan Bank system is not a private country club and shouldn't be operating as one. Captive insurance companies represent new potential to expand homeownership opportunities for credit-worthy borrowers.
Despite the historic snowfall late last month, sales of homes in the Baltimore-area rose in January, according to a report released Wednesday.
Strong demand for rentals will keep pace with new construction over the next few years, the government-sponsored enterprise says.
Higher refinancing activity helped fuel an increase in overall application activity for the week ending Feb. 5, according to the Mortgage Bankers Association.
Redwood Trust said it will stop originating commercial mortgages for securitization and focus solely on investing in bonds backed by commercial mortgages originated by others.
Dallas-Fort Worth home prices were up almost 9% in the fourth quarter in a closely watched housing report.
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