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Updated: 17 min 35 sec ago

Feds accuse Northwest Trustee of illegally foreclosing on veterans

Wed, 11/15/2017 - 09:10
The U.S. Justice Department has sued the largest foreclosure trustee in the Pacific Northwest, claiming it illegally foreclosed on at least 28 military members or veterans in the past six years.

Houston home sales register post-Harvey rally

Tue, 11/14/2017 - 14:54
Two months after Hurricane Harvey, buyers in the Houston area are returning to the housing market in impressive numbers.

Chicago selling $1 vacant lots to develop affordable housing

Tue, 11/14/2017 - 14:54
A new city program approved by the Chicago City Council will offer vacant lots to affordable housing developers for $1 each.

Equifax's earnings drop 27%; mortgage services revenue flat

Tue, 11/14/2017 - 14:54
Equifax reported earnings that were 27% lower and mortgage services revenue was 2% lower on a year-to-year basis after revealing a major breach and taking steps to improve security.

Walter's bankruptcy likely by the end of November

Tue, 11/14/2017 - 11:51
Walter Investment Management Corp. is looking to file for bankruptcy protection by Nov. 30, after lining up $1.9 billion of debtor-in-possession warehouse financing.

Banks seek level playing field for CRE construction lending

Tue, 11/14/2017 - 11:51
A bill that would ease Basel III capital requirements on commercial real estate loans could level the playing field between depository and nonbank lenders and spur more construction lending if it passes in the Senate.

CRE market outlook takes slight dip nationwide: Moody's

Tue, 11/14/2017 - 11:51
The supply-demand outlook in commercial real estate markets took a slight dip nationwide for the first time since early 2016 and financing for some CRE property types is getting more difficult to arrange.

People on the move: Nov. 10

Tue, 11/14/2017 - 11:51
Mortgage industry hiring and new job appointments for the week ending Nov. 10.

How GOP tax bill would set back affordable housing efforts

Tue, 11/14/2017 - 08:47
The elimination of private activity bonds “would throw gasoline on a housing shortage," said John Chiang, California's treasurer.

Did CFPB's Cordray fake out Trump and GOP?

Tue, 11/14/2017 - 08:47
If CFPB Director Richard Cordray does not leave soon — as has been widely expected — it may be that he has used rumors of his possible political aspirations to successfully keep Trump from firing him.

Senate tax bill breaks with House over mortgage interest deduction

Tue, 11/14/2017 - 08:47
The Senate tax proposal released Thursday would cap the mortgage interest deduction for properties worth $1 million, a reversal from the House plan that would have limited the deduction to $500,000.

Miami Beach Realtor convicted in $20M mortgage fraud

Tue, 11/14/2017 - 08:47
Marco Laureti owned several real estate and mortgage businesses, a real estate license, a mortgage broker's license and a house on San Marino.

As lack of homebuilding nears crisis, Fannie offers help

Mon, 11/13/2017 - 14:21
Fannie Mae is considering a series of pilot programs to address an issue that has plagued the real estate market for years: a lack of affordable homes.

Millennials to small cities: Ready or not, here we come

Mon, 11/13/2017 - 14:21
As the economy improves and millennials move around the country in search of jobs, some are finding themselves far from the youth culture they learned to expect from city life in other parts of the country.

Digital mortgages advancing, but borrowers still want more speed

Mon, 11/13/2017 - 11:15
Despite digital mortgage advances, borrowers think it still takes too long to get a loan, J.D. Power finds in its annual customer satisfaction ranking of originators.

Home prices projected to grow in every major market next year

Mon, 11/13/2017 - 11:15
With home values projected to rise in every major U.S. metro in 2018, a 20% down payment will cost thousands of dollars more, according to Zillow.

Tax plan, new Fed chair leads to slight drop in mortgage rates

Mon, 11/13/2017 - 11:15
Mortgage rates fell slightly across the board after the release of the Republican Party tax plan and the nomination of a new Federal Reserve chairman.

Prepping for a securitization, Impac boosts non-QM originations

Mon, 11/13/2017 - 11:15
Impac Mortgage Holdings' nonqualified mortgage origination volume increased 248% year-over-year in the third quarter as the company accumulates loans for a planned securitization next year.

CFPB sues largest debt settlement firm

Mon, 11/13/2017 - 11:15
The Consumer Financial Protection Bureau filed a lawsuit Wednesday against Freedom Debt Relief and its co-CEO for allegedly deceiving consumers.

GOP tax plan would be devastating to California homeowners

Mon, 11/13/2017 - 08:14
The treatment of local property taxes and the mortgage interest deduction in the House Republicans' tax plan would cause homeowners in high-cost states like California to incur much higher tax bills.