Chinese investors are snatching up houses across America, with top metro areas becoming their preferred spot. New York and Los Angeles top the list of cities they are most interested in, but more surprisingly, Detroit and Philadelphia also ranked in the top 10.
Buyers from mainland China today can account for as many as half of the buyers at certain buildings in "Falasheng" and surrounding neighborhoods, brokers say. A few years ago there were virtually none.
A wide range of companies making the 2014 HW Fast50 suggests that — are you ready for this? — maybe things aren't as bad in the U.S. mortgage and housing markets as some breathless press might otherwise suggest. After all, our rankings this year include mortgage insurers, investors, loan servicers, technology specialists and dot-coms, home builders, real estate services companies, mortgage bankers and more..
Last October, HousingWire highlighted several correspondent lenders and gave a broad overview of where this division of mortgage finance was heading. We are happy to report that those lenders are still doing a robust set of business, although the road remains no less rocky. But as we said last year, at least there’s a road to begin with. Read More
As our business moves into a new era of low profitability, increased expenses, and intense regulatory scrutiny, virtually every mortgage executive needs to experiment with ways to increase productivity and CFPB compliance while reducing overall operating costs. Read More