The ailing First Republic Bank (NYSE:FRC) of San Francisco was seized in the early hours of this morning by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This is the...
Mortgage fees have become the focus of the mainstream media thanks to a policy change enacted by the Federal Housing Finance Agency (FHFA) to the pricing framework of Fannie Mae and Freddie Mac. Perhaps not surprisingly, different media outlets are offering different...
One of the most prominent thought leaders in the mortgage banking industry is complaining that politics is framing the narrative surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac that will...
The average payment on a new mortgage in the U.S. is currently at $2,317 a month, according to a new data study from LendingTree (NASDAQ:TREE). Within the states, average mortgage payments are most expensive in Hawaii ($3,696), California ($3,399) and Massachusetts...
The U.S. housing market’s shortage of properties for sale continues to worsen, according to new data from Redfin (NASDAQ:RDFN). Redfin reported that new listings of homes for sale fell 22.4% year-over-year during the four weeks ending April 23, which is among the...
Mortgage Bankers Association President and CEO Bob Broeksmit decried the glut of “misinformation” surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac. The changes, which go into effect on May...
Hits and Misses for the Real Estate Week of May 11-15
