Top Headlines
Weiss Law, a New Firm, to Provide Legal Services for Real Estate Transactions
Co-founder Adam J. Weiss promises “personalized attention and unmatched value.” Continue Reading Weiss Law, a New Firm, to Provide Legal Services for Real Estate Transactions
Former Illinois Bank President Sentenced for Role in Real Estate Fraud
He will also likely receive a lifetime ban from banking. Continue Reading Former Illinois Bank President Sentenced for Role in Real Estate Fraud
Multifamily Lending Down 49% in 2023
During 2023, 51% of the active lenders made five or fewer multifamily loans. Continue Reading Multifamily Lending Down 49% in 2023
The St. Joe Company Signs Two New Homebuilder Partnerships
St. Joe’s builder program now includes 19 builders. Continue Reading The St. Joe Company Signs Two New Homebuilder Partnerships
David G. Paulson to Become CEO at Federal Home Loan Bank of Pittsburgh
Paulson replaces Winthrop Watson, who announced his retirement in April. Continue Reading David G. Paulson to Become CEO at Federal Home Loan Bank of Pittsburgh
Mortgage Application Activity Goes Into Decline
The refinance share of mortgage activity inched up to 27.4% of total applications. Continue Reading Mortgage Application Activity Goes Into Decline
KeyBank Launches New Program to Help Homebuyers with Closing Costs
Cleveland-headquartered KeyBank (NYSE: KEY) has launched KeyBank Neighbors First Credit, the third in its series of Special Purpose Credit Programs designed to help borrowers achieved homeownership. According to the company, KeyBank Neighbors First Credit is designed...
Guaranteed Rate to Take Full Ownership of Premia Relocation Mortgage
“This acquisition begins an exciting new chapter in our story,” said Nina Arnaiz, president of Premia. Continue Reading Guaranteed Rate to Take Full Ownership of Premia Relocation Mortgage
Movement Mortgage in $23.75 Million False Claims Settlement
“Lenders participating in mortgage programs backed by taxpayers must follow rules designed to protect both program integrity and homeowners,” said U.S. Attorney Carla B. Freedman. Continue Reading Movement Mortgage in $23.75 Million False Claims Settlement
Mortgage Rates Are Up Again
“Homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Up Again
Mortgage Application Activity Continues to Rise
“The spread between the jumbo and conforming rates widened to 16 basis point,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Continues to Rise
FHA Requires Lenders to Start Using SCIF
The SCIF will be required for loan applications dated on or after Aug. 28. Continue Reading FHA Requires Lenders to Start Using SCIF
CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors
According to the CFPB, ACI’s data handling practices negatively impacted nearly 500,000 homeowners with mortgages serviced by Mr. Cooper. Continue Reading CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors
Geneva Financial Debuts Portfolio Lending Division
“This new division is an exciting addition to our already robust offering,” said Geneva Financial CEO Aaron VanTrojen. Continue Reading Geneva Financial Debuts Portfolio Lending Division
Mortgage Delinquency Rate Drops to Near-Record Low
Serious delinquencies (loans 90 or more days past due) were down by 18,000 from April, a 3.7% drop. Continue Reading Mortgage Delinquency Rate Drops to Near-Record Low
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