Mortgages

Manhattan landlords are offering tenants more deal sweeteners than a year ago as developers continue to add supply, and mortgage rates and taxes are drawing in would-be home buyers willing to stick it out a while longer in the rental market.

Hurricane Michael is putting mortgage transactions with a combined value of over $400 million in jeopardy, according to ClosingCorp estimates.

Real estate prices surged on Maui in September but sales for single-family homes and condominiums were lower than the same time a year ago due to shrinking inventory.

Prices paid for vacant land in Philadelphia have plummeted to their lowest levels in three years after peaking in 2017, an indication that the city's development boom led by townhouse, condo and apartment projects is losing steam.

Mortgage rates, after a brief respite last week, rose to their highest level in over seven years, according to Freddie Mac.

Natural disasters are now the leading driver of lenders' foreclosure risk, with last year's hurricanes causing a rise in third-quarter filings in affected markets, according to Attom Data Solutions.

Mortgage borrowers buying new homes generated more loan applications this September than they did a year ago, even though interest rates are higher this year.

Total Expert will use its new $20 million venture capital investment — led by Emergence Capital — to build out its Marketing Operating System, designed for the future of financial services.

Wells Fargo’s first private-label mortgage securitization since the financial crisis doesn’t break any new ground — and that’s probably the point.

One report found that 95% of homebuyers searched websites before buying a home, and that number jumps to 99% among millennials. In short, almost everyone starts shopping online, and a vast majority are going to Zillow.

Mike Cagney’s current venture, Figure Technologies, is offering consumers the ability to apply online for home equity loans and get funding in as little as five days.

Washington Mutual successor WMIH Corp. has completed its pending 1-for-12 reverse stock split and its common shares will soon begin trading under the Mr. Cooper name it inherited from Nationstar Mortgage.

While September had a steady yearly rise in home prices, the month-to-month growth is slowing down, according to Quicken Loans.

Home price index swaps, treated as a second lien on a property, will be used to reduce the default risk associated with low down payment mortgages, one of the program's creators said.

Proposition 10 would give local jurisdictions a freer hand to restrict rents, but critics say that would lead to property devaluations. Some see an effect regardless of whether the measure passes.

Millennials are targeting homeownership within the next few years, but many are buying into certain house-purchasing myths, according to Bank of America.

Mortgage applications fell last week as rates for the 30-year fixed conforming loan topped 5% for the first time since 2011, the Mortgage Bankers Association reported.

Anyone who has shopped for a house in Buffalo, N.Y., knows just how hard it is to find one these days.