Origination news
After waiting more than nine years, many tenants of the largest affordable rental community in Immokalee, Fla., will see the start of a $9.2 million rehabilitation project that will repair their long-neglected homes.
A number of bankers used quarterly earnings calls to assure investors that they are carefully monitoring their exposure to commercial real estate at a time when regulators are expressed concern about eroding underwriting standards.
Financial companies from Quicken Loans to SoFi will be advertising in Sunday's game — a rare sight in recent years — despite the estimate $5 million price tag.
Buying remained better than renting in certain situations, but members of the millennial generation continued to have reasons to rent instead of buy, according to Zillow.
Arbor Commercial Mortgage has created an online loan-origination service for multifamily lenders.
Mortgage rates for 30-year loans fell to the lowest level since late April, reducing borrowing costs as the housing market enters its key selling season.
Seattle Mayor Ed Murray has proposed a new property-tax levy for affordable housing that would raise $290 million over seven years. That's double the size of the existing Seattle Housing Levy, which expires at the end of this year.
Borrowers who walked away from underwater mortgages are coming back to the market. Some lenders are ready to give them a second chance.
The rate of home price recovery during the seven years that a foreclosure remains on a consumer's credit report is one measure of whether borrowers who strategically defaulted made the right choice by walking away. But the results vary, depending on when, where and in what price tier that borrowers defaulted.
After years of refi-fueled origination volume, lenders have their hopes pegged to a resurgent purchase market in 2016 and beyond. But it begs the question: will strategic default rear its head again in the next downturn?
The spacious house in Orchard Park was home to Sean P. Keenan and his parents when Sean took an end table, beat his 70-year-old father and then stabbed him to death. Two years later, the two-story brick home on Hillsboro Drive remains unsold.
The month of November could be foreshadowing of the prediction made by Weiss Analytics that fewer homes would gain in value this year.
More than 1 million homebuyers qualified for a mortgage in the third quarter, the first time since the financial crisis that lenders reached such a threshold, according to research by the Urban Institute.
Chronos Solutions in Coppell, Texas, has acquired Commerce Title & Closing Services.
The House approved a bill 427-0 that would revamp the Federal Housing Administration’s condominium loan program and expedite the approval process for Rural Housing Service guaranteed loans.
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