Origination

The development of affordable rental housing has always been difficult, but the past few years have been especially challenging for developers as the tools—mainly the Low Income Housing Tax Credit—that they’ve relied on the past 25 years or more have begun to show their age and not kept up with market realities. What’s needed is a new way of thinking for additional financing of affordable rental housing that mirrors the private sector development market; one that creates stronger nonprofit developers, while not abandoning the mission focused reason that nonprofit developers exist: to create and sustain affordable rental housing for those most in need.

The Mortgage Bankers Association wants regulatory relief for lenders that rely on underwriting decisions made by FHA's 'TOTAL Scorecard' program, including an exemption from the agency's Neighborhood Watch system which displays the delinquency performance of individual firms.

Baltimore has suffered another setback in its case against Wells Fargo & Co. in which it argues that the bank's lending practices led to foreclosures that have hurt the city.

Atlantic Bank and Trust is the second community bank to sign up as a client of Kislak Lending Solutions, the private label lending operation established when J.I. Kislak Mortgage revived its business this past summer.

Average primary market mortgage rates tracked by Freddie Mac's closely watched weekly survey held relatively steady this week, hovering near record lows below 5% for the 19th week in a row.

Lenders were given a ray of hope Thursday that the Federal Housing Administration may come down on the side of flexibility when it finally issues a final rule regarding seller concessions.

WASHINGTON — How to ensure the Federal Deposit Insurance Corp. has the flexibility it seeks while giving investors and issuers the certainty they need has emerged as the central sticking point confronting lawmakers interested in developing a covered bond market in the U.S.

Flagstar Bancorp — which continues to rank among the top 10 mortgage wholesalers in the U.S. — declined to confirm or deny that it is considering a $600 million offering of new equity.

The number of people who believe paperless mortgages could be just a few years away from a 50% penetration of the market has grown in the last two years, according to a survey on the topic that is done roughly every other year.

What if something happened to you tomorrow? What if someone made you a job offer you couldn’t refuse? What if you decided it’s time to retire? Or just can’t take it any more?