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Twelve people were charged in a scheme regarding the creation of 100 fraudulent mortgages in Georgia, according to the HUD inspector general.September 24
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Home sales in Greater Hartford continued to surge in August with houses selling faster and at higher prices than the same month a year ago.September 24
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Sales of new homes in the unexpectedly advanced for a fourth month in August to the highest level in almost 14 years as record-low mortgage rates continued to entice buyers into a market with ever-shrinking supply.September 24
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Mortgage rates experienced a marginal uptick this week, rising three basis points. But they remained near record lows and possibly soon could track down again, according to Freddie Mac.September 24
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A summer resurgence of home buying stretched into August, defying the pandemic to set record home prices and drive sales to a near two-year high, new housing figures show.September 24
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Wholesale's technological capabilities and its scalability have been increasingly attractive to lenders given the recent surge in volume.September 24
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The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.September 23
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Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.September 23
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The agency reported signs of stress on the credit quality in residential loans serviced by seven large banks as a result of the COVID-19 pandemic.September 23
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Commercial real estate loans are vulnerable as financial assistance for tenants winds down and might not be fully renewed. Late rent payments could rise, leading lenders to press landlords to pay up.September 23
