Lyle Gramley, the former chief economist of the Mortgage Bankers Association who prior to that was a Federal Reserve governor who helped battle a recession and inflation of more than 10% during Pres. Ronald Reagan's first term in the 1980s, has died. He was 88.
Purchases of new homes unexpectedly rose in February to a seven-year high as stronger job gains helped bolster industry activity amid severe weather.
Lately, seniors have asked me to investigate reverse mortgages. They've seen the television commercials with happy people, traveling and enjoying the high life. They want to know is there a catch?
Since former L.A. mayor Antonio Villaraigosa bought a house in Hollywood Hills for about $2.5 million, readers have been asking: How can he afford this home?
Home sales in Metro Orlando increased far more than the state average during February but sales-price increases lagged behind price growth in other Florida metropolitan areas, a new report shows.
Home prices increased less than economists estimated in January as traditional buyers took the place of investors, leading to smaller gains.
Much like in 2014, a multitude of factors, including record snowfall across the country and the West Coast port strike, contributed to a sluggish start to the year economically.
In the wake of confusion about the status of pre-approvals, an expert on compliance seeks to clarify, but exhorts the CFPB to do so, officially, "prior to the effective date of the new rule."
Mortgage professional hiring and new job appointments for the week ending March 20.
Changes to the Consumer Financial Protection Bureau's consumer complaint system could give lenders lots to gripe about if they don't prepare accordingly and be proactive, mortgage industry consulting firm STRATMOR Group said March 23.
Sales of previously owned homes fell short of a 5 million annual rate in February for a second month, showing an industry struggling to gain traction amid rising prices and a lack of inventory.
A new loan program will allow borrowers to put down even less than the 3% down payment mortgage programs to be offered by Fannie Mae and Freddie Mac. This move and others like it, while laudable, will no doubt ensure increasing default rates.
Bank of New York Mellon is building out a new investment firm with the mortgage specialist Amherst Holdings. The move is its second major commitment to a fixed income-related fund this year.
Lennar Corp., the second largest U.S. homebuilder, is raising its bet on rental housing as the pace of sales continues to drag.
Lennar opened its first community of single-family rental homes this month in Sparks, Nevada, and has a construction pipeline of 20,000 apartments exceeding $5.5 billion, the Miami- based company said on March 19.
Ohio's Lucas County had a 30.8 percent total for loans with down payments of 3 percent or less, the highest rate among northwest Ohio counties.