Mortgages

The lack of a stabilizing force in the commercial real estate mortgage business is creating one of the most significant threats the lending industry faces, writes the CEO of Cirrus.

The city's office vacancy rate rose to 20.1% in the second quarter despite an increase in leasing activity.

Also: Former Zillow execs launch mortgage fintech, housing inventory inches up as lumber prices tumble.

After lumber futures skyrocketed to an all-time high in mid-May, prices fell by more than half at the end of June.

Even though the channel helped the bank do over $2 billion in business last year, going forward it will produce loans through the traditional retail business.

The plateau in non-depository estimates for new jobs in the field reported Friday follows anecdotal accounts of reorganization by banks and nonbanks in the past week.

The number of GSE-backed and government sponsored loans in forbearance declined, while portfolio and private-label loans increased.

It is only a modest positive for new publicly-traded mortgage companies if acting Federal Housing Finance Agency head Sandra Thompson rolled back the caps put in place by the agreement with the Treasury.

Historic data suggests that first time home buyers may want to wait out current market conditions, a new report states.

Estimates suggest public funds in aggregate may be adequate to cover arrears and potentially keep many in their homes as the eviction ban ends, but may not be evenly distributed.

Private mortgage insurers can continue to hold less capital for forborne delinquent loans, which helps them potentially upstream payments to parent companies in the third and fourth quarters.

While home prices hit another record high, the supply of for-sale properties improved, according to Realtor.com.

Markets react calmly to inflationary worries, but short supply and rising home prices loom as a greater concern.

The financial services company will incentivize existing card members with statement credit for taking out or refinancing a home loan with either lender.

The ruling confirms that a state precedent regarding forward mortgages also applies to home equity conversion loans.

Consumer advocates and mortgage industry officials are urging Sandra Thompson, the new acting director of the Federal Housing Finance Agency, to undo many policies that her predecessor, Mark Calabria, put in place over the past year.

Lending startup Tomo Networks will eschew refinances to focus exclusively on purchases.

The change makes it easier for borrowers exiting forbearance to get access to home retention options that might otherwise be out of reach due to skyrocketing home prices.

U.S. pending home sales unexpectedly rose in May by the most in nearly a year as low borrowing costs paired with increased listings bolstered demand.

Limited housing supply, climbing rates cause applications to decline across the board.