Origination

A $54-million project to build upscale condominiums at the edge of downtown Detroit has been canceled, unable to get financing, and the Plan B is to put a hotel there.

With a second defendant pleading guilty to conspiracy, it was learned that a Watertown, N.Y., apartment complex is among dozens of rental properties in that state and several others that allegedly received $500 million in fraudulent bank loans.

Starting March 26, Senate Banking Committee Chairman Mike Crapo will hold two days of hearings on his plan for returning Fannie Mae and Freddie Mac to private ownership.

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.

With the launch of its Medical Professional Mortgage Product, TD Bank is leveraging an opportunity to attract new customers and to address what it says is a knowledge gap among this group of professionals.

Freddie Mac reduced its 2019 origination projection in its latest monthly forecast, but strong coinciding housing numbers could suggest a future upward revision.

Commercial and multifamily lending lags the technology available in the residential market. A look at how one expert thinks the gap could be closed.

Lennar, the region's largest home builder has acquired a huge piece of land alongside Interstate 15 in the San Diego community of Rancho Peñasquitos and is preparing to build 324 single- and multi-family homes for middle-class families.

Rhode Island's housing market cooled a bit in February, as the median sales price remain unchanged from the same month a year ago, but the number of sales fell, and houses lingered on the market a week longer before selling.

The Federal Reserve decision to shift into Treasuries could pull rates down and increase the prepayment speeds on mortgage-backed securities.