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Lending (1534)

Flagstar Bank to Recover $1M of Loan to Live Well

Flagstar Bank to Recover $1M of Loan to Live Well

Thursday, 26 September 2019
Lending
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Flagstar Bank has announced that it expects to recover $1 million of its loan to now-defunct Live Well Financial. So reports Seeking Alpha. Read more...
Better.com to Hire 1,000 in New North Carolina Office

Better.com to Hire 1,000 in New North Carolina Office

Wednesday, 25 September 2019
Lending
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New York-based online mortgage lender Better.com has opened an office in Charlotte, North Carolina, and plans to hire 1,000 people for it. So reports WSOC TV. Read more...
CFPB Tells Supreme Court It’s Unconstitutional

CFPB Tells Supreme Court It’s Unconstitutional

Monday, 23 September 2019
Lending
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In a reversal, the Consumer Financial Protection Bureau has sided with the Trump administration’s argument that the structure of the agency is unconstitutional. So reports Reuters. Read more...
Home-flipping Profits Fall to Lowest Since 2011

Home-flipping Profits Fall to Lowest Since 2011

Tuesday, 24 September 2019
Lending
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It keeps getting harder to make money flipping houses, according to the latest figures from Attom Data Solutions. So reports CNBC. Read more...
LendingTree Details Financial Impact of Foreclosure

LendingTree Details Financial Impact of Foreclosure

Thursday, 19 September 2019
Lending
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Home buyers with a foreclosure in their past tend to see their borrowing costs rise significantly for the next couple of years. However, the financial pain isn’t permanent, a new LendingTree study finds. So reports Fox Business. Read more...
FHFA Revamps Fannie, Freddie Role in Multifamily Mortgages

FHFA Revamps Fannie, Freddie Role in Multifamily Mortgages

Wednesday, 18 September 2019
Lending
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The Federal Housing Finance Agency announced a mix of changes to how Fannie Mae and Freddie Mac can participate in the multifamily mortgage market. So reports MarketWatch. Read more...
Trump: Fed 'Boneheads' Should Cut Rates to Zero or Less

Trump: Fed 'Boneheads' Should Cut Rates to Zero or Less

Monday, 16 September 2019
Lending
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President Donald Trump has said Federal Reserve officials are “boneheads,” calling on the Fed and its Chairman Jerome Powell to lower interest to zero or potentially below. So reports USA Today. Read more...
Housing Affordability Widely Seen As Crisis: NAHB

Housing Affordability Widely Seen As Crisis: NAHB

Tuesday, 17 September 2019
Lending
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A new survey released by the National Association of Home Builders has found that four out of five U.S. households consider housing affordability in America to be a crisis. So reports LBM Journal. Read more...
Bill Bodnar of MMG: Helping Clients Make Sense of Good News and Mortgage Rates

Bill Bodnar of MMG: Helping Clients Make Sense of Good News and Mortgage Rates

Monday, 09 September 2019
Lending
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Bill Bodnar from the Mortgage Market Guide recaps the week, discusses China trade talks, recession fears and why good news is bad for bonds. Read more...
Live Well’s Founder Charged with $140M Fraud

Live Well’s Founder Charged with $140M Fraud

Friday, 13 September 2019
Lending
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The founder of reverse mortgage lender Live Well Financial faces federal charges of running a $140 million fraud by overstating the value of its bonds. So reports Reuters. Read more...

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