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There was less credit available for the first time in four months in December, when lenders offered fewer conventional and government products, particularly Veterans Affairs-guaranteed loans, the Mortgage Bankers Association said.January 13
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California homeowners with big home loans and vacation properties would owe higher taxes under new legislation to raise money for programs to get the state's homelessness crisis under control.January 9
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Massachusetts cities and towns would have new options for funding local affordable housing under a proposal rolled out on Jan. 8: a fee of up to 2% on real estate sales above the statewide median sales price, and a higher fee on certain "speculative" property sales.January 9
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The new owner of a 12-bedroom, $94 million home purchased in October received a $58 million, 10-year mortgage from HSBC.January 9
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National Mortgage News is pleased to announce the launch of the 2020 Top Producers Survey.January 8
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Redwood Trust’s next mortgage-backed securitization consists almost entirely of older mortgages it originally sold off, but has since reacquired to assign to its first deal of the new year.January 3
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Finance of America Reverse has launched a revolving credit line product that allows borrowing power to increase over time by allowing 75% of funds to grow for future use.December 18
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A larger share of Manhattan high-end residential property purchasers took out a mortgage during the third quarter rather than pay all cash for their condominiumDecember 16
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Last month, brokers anticipated local residential markets swinging, if ever so slightly, to give buyers more bargaining power.December 6
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The availability of mortgage credit jumped in November from the previous month as jumbo activity and refinancing in the government market increased, according to the Mortgage Bankers Association.December 5
