Virginia

The $17 billion-asset Suffolk-based company is convinced paying $120 million for an in-state rival is a more productive use of capital than share buybacks

Virginia's housing market has demonstrated greater resiliency than many housing markets across the country even though home sales have slowed across much of the state as a result of COVID-19.

Home sales dipped in April due to the COVID-19 pandemic, but the decline in Virginia wasn't as severe as many had anticipated, according to Virginia Realtors.

February has become the new spring, according to panelists at the Fredericksburg (Va.) Area Association of Realtors' 2020 Vision: FAAR Housing Outlook round-table meeting.

Mary Doenlen couldn't tell a judge why she stole over $130,000 from her employer. She wasn't in financial straits. She has a daughter, a husband and a sickly father to tend to.

A Virginia Beach, Va., real estate broker was sentenced to 13 months in prison for secretly purchasing foreclosed properties the Department of Housing and Urban Development hired him to sell.

The owner of the MacArthur Center Mall in Norfolk, Va., has defaulted on a $750 million loan which includes the property as collateral.

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

Home price growth in certain markets surrounding Crystal City, Va., tripled the national average in the year since Amazon announced its second headquarters would go there.

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

Even before Amazon.com Inc. completes its Northern Virginia office hub, the e-commerce giant has helped make the area the most competitive housing market in the U.S.

The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million.

Home prices in Arlington County, Va., are likely to reach their peak in July with a median sales price of $675,640, according to the Northern Virginia Association of Realtors.

Presidential candidate Sen. Elizabeth Warren, D-Mass., and another Democratic senator are asking whether Kushner Cos. "may have received special treatment" on a U.S.-government-backed loan of about $800 million.

Home sales in both Manhattan and Arlington, Va., jumped after Amazon.com Inc. selected the two sites for its second headquarters. However, the Manhattan market cooled after Amazon dropped the city from the list.

Live Well Financial, a reverse and traditional mortgage lender that abruptly stopped originating on May 3, will lay off 103 employees, according to a Virginia Employment Commission filing.

A recent pyramid scheme highlights why mortgage lenders should keep an eye out for misrepresentation when reviewing electronic documents and signatures.

McLean Mortgage is not going forward with a potential sale to Congressional Bank in Bethesda, Md., saying an agreement that made sense for all parties wasn't possible.

New Fed Mortgage's pending acquisition of Commonwealth Mortgage LLC will allow it to expand its geographic footprint outside of New England.

Amazon's new HQ2 facilities in New York City and Washington, D.C., will create a flurry of housing and mortgage activity. But the direct benefits to mortgage lenders won't be as significant as they could've been in many of the other cities on Amazon's list of 20 finalists.