Lennar’s third-quarter profit fell by more than half from a year ago, and the homebuilder cut its full-year delivery target again as higher mortgage rates and worsening affordability slowed buyers across its markets.The Miami-based builder reported net earnings...
Pennymac has raised its conventional loan limits to $850,000 for one-unit properties, becoming the latest major mortgage lender to move ahead of the Federal Housing Finance Agency’s official 2027 conforming loan limit announcement. The new limit is effective for...
A federal appeals court has temporarily cleared the U.S. Department of Housing and Urban Development to move forward with its 2026 homelessness-funding overhaul while HUD appeals a lower-court ruling that had knocked the program off track. The order from the U.S....
Freddie Mac is bringing approximately $474 million of deeply delinquent residential mortgages to market in its latest effort to reduce less-liquid assets held in its mortgage-related investments portfolio. The government-sponsored enterprise announced Wednesday that...
Zions Capital Markets is moving quickly to build out the agency multifamily lending business it acquired from Basis Multifamily Finance, naming veteran lender Vince Toye to lead the platform. Zions, a subsidiary of Zions Bancorporation, said Wednesday that Toye has...
475-Plus Organizations Warn CRA Proposal Could Weaken Affordable-Housing In…
