Origination

Trepp reports that further declines are possible as the wave of maturing pre-crisis mortgages appears to have been reduced to more of a ripple.

The Key West City Commission held tight to its majority’s desire not to raise taxes, particularly after the island was battered by Hurricane Irma.

A new wholesale loan channel at CoreVest will work with mortgage brokers who are starting to source loans to house flippers for the first time.

Mortgage rates remained unchanged from last week even through the 10-year Treasury yield first moved lower then spiked up during the period, according to Freddie Mac.

Reverse mortgage lenders are stretched thin to the point of having to turn borrowers away as seniors rush to get ahead of Home Equity Conversion Mortgage changes that will raise fees and lower loan limits.

The amount of commercial and multifamily mortgage debt outstanding ticked up from April through June, yet the balance of loans in commercial mortgage-backed securities continued its decline.

Builder D.R. Horton is revising estimates for cash-flow from operations, certain expenses as a percentage of revenue and its backlog conversion rate in response to recent hurricanes.

Consumer views on the economy and finances are not to blame for the retreat in existing-home sales in four of the past five months, according to the National Association of Realtors.

While millennials were the largest group of home buyers in the past 12 months, many had problems with affordability and the down payment.

California appears unlikely to be able to build enough homes in the coming years to put a meaningful dent in skyrocketing housing prices triggered by a shortage of affordable dwellings.