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Commercial mortgages placed into special servicing grew last year, but default and foreclosure dollar volume fell as legacy loan resolutions outpaced newly distressed loans, according to Fitch Ratings.
April 29 -
Silverton Mortgage, an affiliate of Warren Buffett's Berkshire Hathaway, has joined a small but growing group of lenders in offering a newer form of government-sponsored enterprise financing for manufactured homes.
April 26 -
New FHFA Director Mark Calabria isn't just charting a future for Fannie Mae and Freddie Mac, but also fixing problems resulting from the "qualified mortgage" exemption for the GSEs and taking a "deep dive" into problems in the mortgage servicing market.
April 25 -
The mortgage industry identified two technology initiatives it claims have the greatest potential to improve processes and be the most broadly adopted over the next two years, according to Fannie Mae.
April 23 -
If favorable interest rates and rising consumer incomes continue, market potential for home purchases will be boosted in the short term, according to First American Financial.
April 22 -
Economic growth will slow in 2019, but conditions will help home sales hold steady, with mortgage volume now being projected to rise over 2018, according to Fannie Mae.
April 18 -
360 Mortgage is bringing back the no-income, no-asset loan, but says its $1 billion pilot's guidelines differ from those of the NINA loans that contributed to the financial crisis.
April 18 -
Mortgage lenders have invested heavily in various digital tools that improve the consumer experience, but what they really need to focus on is artificial intelligence that will improve data quality.
April 16
LoanLogics -
Adolfo Marzol, who has served as an adviser to HUD Secretary Ben Carson, will now report to the new director of the Federal Housing Finance Agency.
April 16 -
The new head of the agency regulating Fannie Mae and Freddie Mac will be at the forefront of reforming the housing finance system.
April 15 -
A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.
April 12 -
The residential mortgages being reinsured are less risky, by several measures, than its previous deal; none of the borrowers have ever missed a payment.
April 11 -
Multifamily and commercial lenders had another banner year in 2018, when closed-loan originations rose 8% to a high of $574 billion.
April 11 -
Learning to understand the risk rather than adding steps to the mortgage application process is the way to mitigate fraud.
April 10
CoreLogic -
The Hispanic homeownership rate increased for the fourth consecutive year, despite the fact that the demographic remains more exposed to barriers to buying a house than the general population.
April 10 -
Consumers believe softening home prices and mortgage rate declines are on the horizon, according to Fannie Mae. While these suggest positive sentiments on conditions for buyers, they signal rewards for those who wait.
April 8 -
HomeStreet Bank could receive nearly $190 million in total for selling $14 billion in mortgage servicing rights to New Residential and PennyMac, and selling its home loan centers to Homebridge.
April 8 -
B. Riley FBR initiated equity coverage on Fannie Mae as the chances for privatization of the government-sponsored enterprises improved in a housing finance reform package.
April 5 -
Housing finance reform could give banks an advantage and challenge nonbanks if it reduces Fannie Mae and Freddie Mac's involvement in the mortgage market, according to Moody's Investors Service.
April 4 -
The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator.
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