Builder trade groups in the United States and Mexico have announced the formation of an alliance.The agreement between the National Association of Home Builders in the United States and Mexico's Camara Nacional de la Industria de Desarrollo y Promocion de Vivienda is "the latest positive offshoot of the historic Partnership for Prosperity alliance established by U.S. President George W. Bush and Mexico President Vicente Fox in February of 2001, and it establishes a powerful precedent for international cooperation," said NAHB president Bobby Rayburn. The alliance aims to create more accessible trade channels and exchange technology and skills aimed at improving the quality, affordability, and efficiency of building on both sides of the border.
-
The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
September 17 -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
September 17 -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17