- The Senate may not flip but Banking Committee is poised for shake-up
- FHA's capital buoyed by house price appreciation despite higher defaults
- One-third of households report job or income loss: Redfin
- Mortgage rates rise on positive news about a vaccine
- CFPB, MBA form coalition to help distressed borrowers avoid scams
Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down prices.
The Structured Finance Association fears Treasury Secretary Steven Mnuchin may release the government-sponsored enterprises from conservatorship ahead of the change in administration, and that doing so could disrupt the mortgage-backed securities market.
Overall housing value growth continued in the third quarter, as some markets more than doubled the national average, according to the Federal Housing Finance Agency's Home Price Index.
The nine arraigned individuals face 136 counts of felony charges for allegedly running an advance fee mortgage relief scheme over the last decade, totaling $6 million.
While sales increased 24% over August, they were still down 78% from the prior year, Auction.com reported.
The center’s annual study shows the extent to which larger multi-unit properties are insulated from distress.
Future of Cities
For the Top Producers, many say a key to success involves taking that initial conversation with a potential borrower beyond the rate question.
National Mortgage News is now accepting nominations for its second annual Best Mortgage Companies to Work For program.
Highlands Residential Mortgage credits its ability to recruit and retain high-performing loan officers for its ability to thrive during in declining originations market.
Here's a look at key findings from the 2019 Best Mortgage Companies to Work For survey, highlighting the qualities that distinguish companies on the list from those that are not, and how the offerings from small, medium, and large companies on the list compare.
Despite a tightening stock of homes on the market, home sales surged 38% last month in the Sarasota-Manatee, Fla., region.
Mortgage delinquencies dropped to the lowest level since March but, particularly at the seriously delinquent level, they're still much higher than pre-coronavirus rates, according to Black Knight.
Consumer demand for larger properties is driving the market in an atypical year that featured a delayed selling season, the Mortgage Bankers Association said.
The president-elect has legal backing to fire Director Kathy Kraninger thanks to a recent court ruling, but Republicans are prepared to challenge his ability to choose her successor.
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