There are some lessons the mortgage industry learned the hard way. We learned what happens when loans are made without adequately documenting income. We learned what happens when borrowers are qualified into products they do not understand or cannot reasonably afford....
The US housing market had a total of 39,906 residential properties with foreclosure filings during July, up 1% from the prior month and up 10% from one year ago. According to data from ATTOM, one in every 3,603 housing units nationwide had a foreclosure filing last...
Homebuyer affordability improved in July, with the national median mortgage payment applied for by purchase applicants decreasing to $2,175 from $2,191 in June. According to data from the Mortgage Bankers Association (MBA), last month’s national median mortgage...
A federal judge has blocked the Department of Housing and Urban Development (HUD) from changing a federal grant program designed to fund housing discrimination investigations conducted by more than 100 nonprofit organizations. Reuters reports US District Judge Myong...
A pair of vacant Connecticut office buildings have been acquired for redevelopment as multifamily housing. A joint venture of the developers Saber-Hightower LLC and Granoff Real Estate closed on the acquisition of 101 and 201 Merritt 7, in the Merritt 7 office park in...
The melodrama regarding the Chicago Bears and their quest for a new stadium took another unexpected turn with NFL Commissioner Roger Goodell acknowledging that he recently conducted an unpublicized meeting with several Illinois lawmakers to discuss the team’s future....
