Housing affordability has shrunk as the issuing of new housing permits has failed to keep pace with population growth in cities across the country, according to research from Zillow.
United Community Banks took hefty hits during the financial crisis due to its focus on real estate lending. Today, the Georgia company is diversifying by building teams dedicated to SBA lending and making other specialty loans.
The Federal Housing Administration will require single family home mortgage appraisals to be submitted through an online electronic delivery portal starting on June 27, 2016, the agency announced.
Mortgage professional hiring and new job appointments for the week ending March 27.
Home prices in the Charlotte area grew seven times faster than wages did over the last two years.
The 656-condo Lumina complex promises a "transcendent living experience," with a club lounge, climbing wall and pet grooming station. The smallest units start at about $1 million. The penthouse is priced at $49 million, a city record.
If you have millennial-age children, you're wallets likely will be thinner once they decide to buy their first home.
Fountainhead Commercial Capital has created a program designed to allow banks and credit unions to outsource Small Business Administration 504 loans.
The Department of Housing and Urban Development has selected current senior advisor and former Freddie Mac executive Ed Golding to head of the Office of Housing and Federal Housing Administration.
Lower-than-expected interest rates and greater demand for purchase loans has been a boon for both mortgage lenders and the crop of new or returning players providing warehouse lines of credit.
Farm banks have enjoyed several years of robust loan volume, but declining farm income has them on guard for increases in delinquencies and more eager to use government-guarantee programs.
The rate of Hispanic homeownership fell in 2014 to its lowest level since 1999, according to data by the National Association of Hispanic Real Estate Professionals.
While San Francisco struggles to regulate commercial short-term housing rentals through companies like Airbnb, a state appeals court has upheld the authority of a homeowners association to charge fees to owners who rent out their condominium units to short-term occupants.
The housing market continues to grow more stable across South Florida, though affordability bears watching this year, mortgage company Freddie Mac said Wednesday.
Mortgage rates declined for a second week, sending costs for 30-year loans to their lowest in more than a month as the busiest homebuying season gets under way.