Articles by Ben Lane

New York unveils $13 million program for cities' fight against zombie homes

New grant program uses Morgan Stanley settlement funds
The state of New York takes its next steps in its ongoing battle against neighborhood blight caused by abandoned foreclosures by unveiling a new program designed to help cities throughout the state fight back against the rise of zombie homes. And the state is using money from a massive settlement with Morgan Stanley to do it.
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California home sales explode in June

Post first double-digit monthly growth since 2011
The Golden State experienced a very good month for real estate in June, as California existing home sales hit a nearly four-year high, according to a new report from the California Association of Realtors. But it's not all good news. Here's the full story.
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Clayton Holdings launches new underwriting program for "fix and flip" lending

Company offers end-to-end underwriting, valuation and due diligence solution
Clayton Holdings, a provider of loan due diligence, surveillance, REO management, consulting, valuation, title and settlement services to the mortgage industry, revealed its latest offering. The new solution is already in the market and is specifically designed for the "fix and flip" market.
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Study: Race still a major factor in mortgage lending

NCRC report shows racial and income disparities in lending in St. Louis, Milwaukee
A new study released this week by the National Community Reinvestment Coalition shows that race is still a significant factor in mortgage lending in two major U.S. metro areas. The study found that in both St. Louis and Milwaukee, more mortgage lending is done in primarily white neighborhoods compared to minority neighborhoods.
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FHA to begin insuring mortgages with PACE loans

No super priority loans allowed
The Federal Housing Administration will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage, the Department of Housing and Urban Development announced Tuesday. Here are all the details.
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