Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.
Pending home sales fell steadily from May to December last year, closely mirroring the trajectory of the same indicator months before the 2007 home price crash, analysts Chris Flanagan and Justin Borst with Bank of America-Merrill Lynch claim in a new report.
A coalition of bipartisan lawmakers gained ground in their attempt to roll back changes to the Biggert-Waters Flood Insurance Reform Act this week. But resistance to the idea continues among advocates who fear sugary-sweet insurance deals are keeping risk-based pricing out of the flood insurance market.
The Consumer Financial Protection Bureau says between July and October 2013, consumers who complained to the CFPB ended up receiving $2.6 million in payments from financial firms accused of engaging in poor servicing practices.
The Office of the Comptroller of the Currency points out in its 19th Annual Survey of Credit Underwriting that OCC bank examiners studying banks noted an easing of underwriting standards in recent months.
Every time you turn around, there is another analyst report suggesting the sun is either shining on or about to shine on multifamily properties. A new report from Freddie about its own multifamily business may just prove this point.
A New York state couple faces years in prison for operating a multimillion-dollar mortgage fraud scheme in which the defendants recruited straw buyers to purchase a string of properties using fraudulent loan documents.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.