Mortgages

Federal Housing Administration mortgages — the affordable path to homeownership for many first-time buyers, minorities and low-income Americans — now have the highest delinquency rate in at least four decades.

For some employees given the option of working from home during the coronavirus pandemic, the workplace expanded from the city office to the beachfront condominium.

Travel restrictions have left hotels like Miami Beach's Fontainebleau struggling to repay their mortgage loans.

Housing advocates say lenders should require property owners who request loan forbearance to pause evictions during the coronavirus pandemic. But the banking industry says what’s really needed is another round of government stimulus.

Amid the worst economic slowdown this spring since the Great Depression this spring due to business closings caused by the coronavirus pandemic, Chattanooga's housing market has remained relatively vibrant.

Perry Hilzendeger’s new role as president of mortgage servicing for Home Point Financial is in line with a previous role he had, and follows broader executive changes at Wells.

Interest rates jumped from a new record low, while Fannie Mae and Freddie Mac were widely panned for imposing a refinance fee.

Its stock price, which slid since day two of trading, opened 10% on the earnings news.

As more borrowers exit their plans, fewer than 4 million loans sit in forbearance, according to Black Knight.

Home sales in the Charlotte, N.C., area are rebounding after taking a major blow from the novel coronavirus pandemic, even as the shortage of homes is worsening.

Portland is a tale of two residential real estate markets: Well-priced, single-family homes are selling fast while sales of turnkey condominiums with concierge services and killer views have stalled due to the coronavirus pandemic.

The FHFA director’s move this week to impose an “adverse market fee” of 0.5% on most refinanced mortgages will shift billions out of the hands of American consumers and into the hands of Fannie Mae and Freddie Mac — and their private shareholders.

The Tri-COG Land Bank, a multicommunity effort to get abandoned and blighted properties back on the tax rolls, has sold its first property.

The city of Birmingham plans to set aside nearly $1 million in the 2021 budget to prop up the underperforming CrossPlex Village development in Five Points West, city officials said.

Mortgage industry hiring and new job appointments for the week ending Aug. 14.

With the moratorium still in place, mortgage foreclosure activity fell 83% in July compared to the year before and 4% from June, according to Attom Data Solutions.

Borrowers will likely have to put more assets on the line to get forbearance extensions.

But the 30-year fixed remains below 3%, which should continue to support increased demand.

The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.

“They are willing to play this to the end, one way or the other.”