CitiMortgage has announced a $15 billion commitment to provide affordable housing to low- and moderate-income, minority, and underserved families in Texas through the end of the decade.CitiMortgage, Citigroup's residential mortgage lending business, said the pledge was made in connection with its Opportunities Within Neighborhoods program, which is part of Citi's broader $200 billion commitment to affordable housing through 2010. The announcement was made at the San Antonio Housing Trust. CitiMortgage can be found online at http://www.citimortgage.com.
-
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
July 2








