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Updated: 13 min 47 sec ago

Big drop in properties seriously underwater in 3Q

13 min 47 sec ago
There were 1.4 million fewer properties seriously underwater in the third quarter, marking the largest year-over-year drop since the second quarter of 2015, according to Attom Data Solutions.

Who will be next CFPB director?

13 min 47 sec ago
It’s a seat the Trump administration has long wanted vacated, and now it gets a chance to fill it — and change the direction of an agency that’s been a thorn in Republicans’ side. Following are the top candidates.

Radical changes ahead for CFPB after Cordray departure

13 min 47 sec ago
The resignation of CFPB Director Richard Cordray gives President Trump the chance to name a director who could roll back agency rules and supervisory policies.

De Blasio releases plan to build, preserve 300,000 affordable New York City homes

13 min 47 sec ago
The plan is up from the previously announced 200,000 homes.

Are banks ready for an uptick in HELOC applications?

13 min 47 sec ago
Recent research into customer preferences regarding home equity lending reveals that banks need to better engage with their customers to understand their needs and expectations, and then guide them to optimized HELOC product offerings that precisely meet their needs.

Blackstone refinancing pair of luxury hotels in CMBS market

6 hours 18 min ago
The private equity firm obtained a $540 million loan on the JW Marriott Grande Lakes and the Ritz-Carlton Grande Lakes, which are situated on 500 acres at the headwaters of the Everglades, from Barclays and Wells Fargo.

Colorado Springs' foreclosure rate continues to dwindle

6 hours 18 min ago
As the Colorado Springs economy and housing market improve, the city's foreclosure woes continue to diminish.

As FHA reserves dwindle, so do odds of premium cut

9 hours 20 min ago
The Federal Housing Administration was battered by losses this year from reverse mortgages, casting doubt on whether the agency will adopt an Obama-era proposal to reduce mortgage insurance premiums.

Zombie houses plague neighborhoods and leave families heartbroken

9 hours 20 min ago
Karen Stratton doesn't cry often. But the Spokane, Wash., councilwoman teared up last week as she looked out on the High Drive Conservation Area from her late aunt's home on South Maple Boulevard.

Low refinance rates not to blame for gun-shy sellers

12 hours 24 min ago
Many have speculated that low refinance rates have been preventing homeowners from selling, but this factor is less consequential than expected, according to ValueInsured.

Orlando home sales rebound after Hurricane Irma

12 hours 24 min ago
Orlando-area home sales that stalled immediately following Hurricane Irma appeared to have finally closed in October.

Cordray to leave CFPB by end of month

12 hours 24 min ago
The announcement by the head of the Consumer Financial Protection Bureau ends months of speculation about how long he planned to stay at the agency.

Delinquencies decline to recession-era low: TransUnion

12 hours 24 min ago
The 60-day-plus mortgage borrower delinquency rate dropped to the lowest point since the recession suggesting that there is still room to broaden credit.

Acquisition doubles Mid America's origination volume

12 hours 24 min ago
Mid America Mortgage's deal to acquire the assets of two Oklahoma City-based lenders will double the Addison, Texas, company's loan volume.

Mortgage applications rise as refinance demand increases

12 hours 24 min ago
Mortgage application activity rose 3.1% from one week earlier as refinance demand increased, according to the Mortgage Bankers Association.

Benefit Street Partners returns with $440.7M CRE CLO

15 hours 28 min ago
Benefit Street Partners is securitizing 20 short-term commercial real estate loans it originated or acquired for transitional properties currently with unstable cash flow.

Home Depot's post-hurricane boom comes at expense of profit

15 hours 28 min ago
Home Depot saw sales surge in the wake of this year's barrage of hurricanes, but the storms still took a toll on the retailer's bottom line.

House passes flood insurance reform, but will Senate act in time?

Thu, 11/16/2017 - 15:56
The House approved a five-year extension of the National Flood Insurance Program on Tuesday, but it remains unclear whether the Senate will seek to pursue its own bill. The program is due to expire Dec. 8.

How tax reform could devastate the affordable housing market

Thu, 11/16/2017 - 15:56
Housing advocates are pressing Senate Republicans to expand the low-income housing tax credit program while pushing back against a House GOP plan that would eliminate financing for half of all affordable housing units.

10 states with the lowest mortgage closing costs

Thu, 11/16/2017 - 12:47
Transfer taxes, settlement services and other home buying fees can vary wildly from state to state. Here's a look at the 10 states where home buyers need the least amount of cash to cover their closing costs.