Mortgages

Longtime chairman and CEO Joseph Ficalora will step aside Thursday as head of the regional bank and be succeeded by CFO Thomas Cangemi.

Defying a tumbling economy, worsening health crisis and early doomsayers, Bay Area single-family home prices jumped to record levels this fall as most counties saw median prices top $1 million.

Falling interest rates more than canceled out median home listing prices, reaching an all-time time high during the month, Redfin said.

Recipients can’t charge penalties for, or engage in, evictions solely for nonpayment, must provide a written notice of tenant rights, flexibility in repayment and, where applicable, 30-day vacate notices.

Mortgage rates yet again have dropped to a record low, even as the yield on the benchmark 10-year Treasury flirts with breaking back above the 1% mark, according to Freddie Mac.

The median sales price of single-family homes in Miami-Dade surged to an all-time high of $450,000 in November, the third consecutive month of setting a new record and continuing a nine-year streak of monthly increases.

Mortgage industry hiring and new job appointments for the week ending Dec. 24.

The availability of financing hasn’t been an issue to date, but it still could be.

High property value growth can be locked in through proximity to one of the top amenities an area can have: grocery stores.

Under the agreement, Oaktree could purchase up to a 4.9% stake in Ocwen when the deal closes, and warrants to purchase an additional 3%.

New-home sales tumbled to a five-month low, suggesting red-hot demand is cooling amid resurgent COVID-19 cases and other signs of a slowing economy.

Mortgage applications increased 0.8% from one week earlier, an indicator of the housing market’s strength as this year comes to an end, according to the Mortgage Bankers Association.

While it's no silver bullet, automation with careful monitoring and testing can help lenders eliminate racial bias toward potential borrowers, the developers say.

About 4,400 loans started the foreclosure process in November, alongside 176,000 mortgages in active foreclosure.

The FHA’s deadline was extended as part of its latest renewal of other coronavirus-related contingencies. The move follows a request from state regulators to provide ample notice of the forbearance program’s expiration.

The company also acquired the maker of the ResWare title and escrow software.

Sales of previously owned homes fell in November for the first time in six months, suggesting that surging prices and a record-low supply are constraining red-hot demand.

Portland metro has never had so few homes for sale as seen in November, handing even more power to sellers and forcing buyers to face bidding wars or wait for more owners to list their residential property.

Demand for home purchases and car loans would need to increase substantially to make up for what's expected to be a sharp drop in refinancing revenue.

The forbearance rate rose behind slowed economic recovery, according to the Mortgage Bankers Association.