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The move allows the New York multifamily lender to make more loans without having to raise capital.
November 15 -
Wells Fargo & Co. raised its required down payment for homebuyers in Connecticut's Fairfield County to 25% from the standard 20% after it categorized the area as distressed.
November 15 -
The median sale price for homes in the Baltimore region dropped $10,100 from September to October and remained unchanged from a year ago.
November 15 -
Cleveland-area home sales perked up in October after their September slowdown, posting a modest gain even as interest rates edged higher.
November 15 -
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.
November 14 -
Borrowers will get more leeway to finance energy- and water-efficient improvements under a new program coming from Freddie Mac.
November 14 -
Providing city-owned land to build more homes, easing regulations for property owners to put up casitas, expanding down payment programs for prospective new homeowners — these are just a few of the recommendations in a new report on Santa Fe's housing problems.
November 14 -
As interest rates rise, mortgage originators need to teach millennial homebuyers about the product options outside of conventional loans, Ellie Mae said.
November 14 -
The decelerating pace of home price growth in October is helping offset the rise in mortgage rates, according to Quicken Loans.
November 14 -
Online personal lending pioneer Prosper is developing a home equity line of credit product that it will offer in partnership with banks. The embrace of traditional depositories marks a departure from fintech lenders that typically seek to disrupt and displace legacy institutions.
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