Mortgages

The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.

Sales of new homes climbed in Houston and other large Texas markets in August, with September shaping up to be another strong month for sales for the homebuilding industry.

Some homeowners who sought relief as a result of COVID-19 may owe a lump sum when their forbearance period ends, according to a report from the Committee for Better Banks. The group is calling on banks to instead extend the repayment periods for affected customers.

FHA Commissioner Dana Wade offered a preview of ambitions she has for the Federal Housing Administration at a virtual event held by Women in Housing and Finance on Tuesday.

As part of the revamp, Rocket’s referral network, technology and marketing tools will now be available to QLMS users, EVP Austin Neimeic told NMN.

But the group is more conservative than Fannie Mae when it comes to interest rate movements over the next six quarters.

Outside the densely populated coastal hubs, annual home sales grew by leaps and bounds, as buying patterns shifted toward more space with less emphasis on proximity to urban centers, according to Redfin.

Sales of previously owned homes remained brisk in August as low mortgage rates and demand for space in the suburbs sustained strength in a housing market that’s a bright spot for the economy.

The number of pending sales in Sonoma County, Calif., was up 27% from June through August 2020 versus the same period in 2019 and the percentage of properties that went off the market within two weeks was up 8% in the same period in 2020 versus 2019.

The song remains the same: There still aren't enough houses to keep up with all the people trying to buy them in Missoula, Mont., so that means prices keep shooting up.

The percentage of borrowers who have asked to temporarily suspend payments due to coronavirus-related hardships is down overall, but in the Ginnie Mae market, they're still inching up.

Shannon King, a single mother, left the Bay Area a decade ago as housing costs soared, hoping to find an affordable place to live in southern Oregon.

Westcor has been gaining market share, growing to 5.9% of premiums written in 2Q 2020, versus 3.4% in the first quarter of 2019.

The restrictions on the pooling of loans with any interest term based on Libor will be effective for traditional mortgage-backed securities issued starting Jan. 21, 2021, and earlier for reverse-mortgage securitizations.

More defaults will lead to an increase in distressed sales, and that will drive down prices, CoreLogic said.

A boom in the U.K. housing market gathered pace this month as Britons' pandemic-driven desire for more living space and a tax break on purchases pushed asking prices up by the most in four years.

Canadian new home prices recorded their sharpest one-month gain in three years with higher demand and rising costs for building materials.

August was a blockbuster month for home sellers across the 16-county metro, despite the global pandemic and a coming presidential election, which typically puts buyers on edge.

Marin County, Calif., home sales jumped by 46% in August over the prior year, marking the third straight month of gains after the rocky pandemic spring.

The vibe is pre-COVID San Francisco: Airpods, electric scooters, coffee-shop coworking and cash offers for million-dollar homes.