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Sales of existing single-family homes rose 1% in Florida in August, according to Florida's Realtors association.
September 24 -
Existing home sales edged up in August in the Golden State compared to July, but they were still down significantly from August last year, according to the California Association of Realtors.
September 24 -
Upcoming U.S. rules on how originator compensation has to be structured and recent changes to overtime rules could affect some production industry professionals’ career paths, but it isn’t or won’t be as bad as many fear, according to one expert.
September 24 -
A coming hike in Federal Housing Administration insurance premiums is expected to give private mortgage insurers a chance to regain market share from the government.
September 24 -
What’s all the fuss about in appraising new condominium developments? What are Fannie Mae’s specific rules regarding condominium developments? Do appraisers need to be proactive when they are tasked with appraising a new condominium?
September 24 -
Executives with some of the country's largest banks said they see signs that lending markets are thawing, though consumers and businesses remain reluctant to borrow.
September 24 -
Sales of new single-family homes had their second-worst month on record in August, with transactions falling to a 288,000 seasonally adjusted annual rate, according to figures released by the Commerce Department.
September 24 -
Freddie Mac reported a 17% jump in refinancing volume from July to August and another monthly decline in single-family delinquencies.
September 24 -
Foreclosure starts continue to accelerate with the GSEs displaying more aggressive timelines on early stage delinquencies.
September 24 -
GMAC Commercial Finance LLC has sold its resort financing business to Centerbridge Capital Partners LP for an undisclosed price. The business includes a $1 billion portfolio of loans to timeshare resorts.
September 24 -
As I write this article, I am sitting in the hospital waiting on my surgeon to get around to calling to the nurses station to allow me to have something to eat after 36 hours.
September 24
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The House of Representatives late Thursday passed a one-year extension of the National Flood Insurance Program -- in plenty of time to avoid an October shutdown of property guarantees cherished by mortgage bankers and Realtors alike.
September 24 -
The chairman of the Senate Banking Committee is trying to secure a one-year extension of the $729,750 GSE loan limit in a continuing resolution the Senate is expected to pass next week.
September 24 -
Fannie Mae is offering seller assistance incentives on its bank-owned properties listed on the company’s REO website, while expanding the initiative to offer an incentive to real estate agents and brokers.
September 23 -
PROVIDENCE, RI—Lenders were presented with a glimmer of hope last week that the Federal Housing Administration may be somewhat flexible when it issues a final rule later this year regarding seller concessions.
September 23 -
Mortgage vulture fund investor Wilbur Ross has agreed to invest several million dollars in The Capital Markets Cooperative, taking a minority interest in the firm, which caters to both depositories and nonbank residential lenders.
September 23 -
Have you learned any social media survival skills? If you want to become famous in your little corner of the mortgage world, there are some things you simply must do!
September 23
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Dorado Corp. has received a Notice of Allowance from the U.S. Patent and Trademark Office for the method it created for processing a loan application (including mortgages). The notice means the government is likely to issue a patent.
September 23 -
All primary market mortgage rates except those for one-year Treasury-indexed adjustable-rate ARMs held steady for the week ending Sept. 23, according to new figures compiled by Freddie Mac.
September 23 -
After plunging 27% in July, sales of existing single-family homes rebounded 7.4% in August as buyers took advantage of historically low mortgage rates and affordable prices.
September 23