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Articles in "Lending"
The Department of Housing and Urban Development Home Equity Conversion Program for reverse mortgages continues to challenge the Federal Housing Administration’s bottom line, especially as home prices fluctuate.
The Government Accountability Office...
The Department of Housing and Urban Development Home Equity Conversion Program for reverse mortgages continues to challenge the Federal Housing Administration’s bottom line, especially as home prices fluctuate.
The Government Accountability Office...
The results of the stress tests mandated by the Dodd-Frank financial overhaul law noted that the nation’s largest banking holding companies’ health has substantially improved and most could survive a severe recession and crash in the markets.
The stress test provides a critical analysis...
A consumer who receives housing counseling before buying a home is less likely to fall seriously delinquent on a mortgage later on, NeighborWorks said in a new study Thursday.
The organization, which finances community development around the country...
Fixed-mortgage rates remained mostly unchanged from the previous week after posting declines, Freddie Mac said in its Primary Mortgage Market Survey.
The 30-year, fixed-rate mortgage for the week ending March 7 rose to 3.52%, up from 3.51% a...
Special servicer Vericrest Financial Inc. appointed Joe Anderson chairman and chief executive officer Thursday, two positions he will assume immediately.
The Dallas-based firm says Joe Anderson will lead Vericrest, which recently was combined with Caliber Funding...
There is no entity in the private mortgage market that could assume the large volume of mortgage business carried by Fannie Mae and Freddie Mac, U.S. Rep. Carolyn Maloney, D-NY, argued during a U.S. House Financial Services Committee hearing.
Rep. Maloney...
There is no entity in the private mortgage market that could assume the large volume of mortgage business carried by Fannie Mae and Freddie Mac, U.S. Rep. Carolyn Maloney, D-NY, argued during a U.S. House Financial Services Committee hearing.
Rep. Maloney...
Commercial mortgage lender Walker & Dunlop reported 69% year-over-year revenue growth for 2012 with the firm's loan origination volume shooting up 76%.
In addition, servicing fees grew a steep 55% in 2012. The company posted...
Insurer AIG intends to find and acquire residential whole loan mortgages as investments through a newly created business unit called Connective Mortgage Advisory Co.
Connective will create correspondent relationships with lenders,...
The number of mortgage applications filed in the U.S. shot up 14.8% for the week ending March 1, the Mortgage Bankers Association said Wednesday. The turnaround arrived after three straight weeks of declines.
Applications rose alongside the refinance index, which grew 15...
Rental and homeownership demand from new U.S. immigrants is expected to grow as more foreign-born citizens settle into the U.S, according to a new report.
The study was sponsored by the Mortgage Bankers Association’s Research Institute for Housing America and prepared by...
If you have good credit and are buying a home today, you can certainly enjoy record low interest rates well under 4% thanks to the Federal Reserve's decision to keep the rates of borrowing low post-recession.
But ZIRP – or the Fed’s zero-interest rate policy – is still the subject of much...
While the housing market will not make a complete return to pre-crisis conditions, many promising improvements will be drivers this year including a slight opening of the credit spigot creating a positive outlook for the market, according to Moody's ResiLandscape report....
While the housing market will not make a complete return to pre-crisis conditions, many promising improvements will be drivers this year including a slight opening of the credit spigot creating a positive outlook for the market, according to Moody's ResiLandscape report....