Mortgage applications rose from the previous week despite a nearly across-the-board increase in interest rates, according to the Mortgage Bankers Association.
A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.
The White House threatened to veto two bills on Tuesday one that would mandate new cost-benefit requirements on the Federal Reserve and the other to allow loans held in portfolio to qualify as a qualified mortgage.
November 18, 2015
New homebuilding declined more than projected in October, led by a slump in apartment construction and showing fitful progress in residential real estate.
November 17, 2015
Confidence among homebuilders eased in November from a decade-high, indicating some cooling in the housing market.
Corporate culture can be a powerful tool for a good leader and a poison pill for a bad one.
Lenders are doing a better job keeping consumers informed about the loan process, according to the latest J.D. Power mortgage survey. But the actual speed of loan closings is also a key factor to borrowers' overall satisfaction.
Center Street Lending in Irvine, Calif., has expanded into new lending products to help investors in the rental real estate market.
TD Bank USA plans to hire additional mortgage lenders as it seeks to expand its mortgage business in the Northeast U.S.
The Federal Housing Administration reported better than expected financial results on Monday, with the ratio of reserves to guaranteed loans soaring past its minimum threshold to reach 2.07%.
Mortgage applications for new homes accelerated in decline in October.
The government's aggressive (and unsuccessful) prosecution of tiny Abacus Federal Savings Bank stands as one of the oddest episodes of post-crisis era.
Mortgage professional hiring and new job appointments for the week ending Nov. 13.
November 13, 2015
LoanDepot, a fast-growing mortgage lender founded after the U.S. housing bubble burst, aborted a plan to sell as much as $540 million of stock to the public, hours before it was scheduled to set a price.
Fannie and Freddie are irredeemable failures, which must be abolished as the first step in any type of housing finance reform if current and former officials of the U.S. Department of the Treasury are to be believed.
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