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Rise of Green Mortgages: A Sustainable Shift in the Lending Landscape Explore how green mortgages are reshaping the lending landscape with a focus on sustainability. Learn about incentives, government initiatives, and industry adaptations necessary for embracing eco-friendly lending.
Lending (1514)
Freddie Mac Offers New Program for Manufactured Housing
Yesterday Freddie Mac announced it's new CHOICEHomeSM program. This program is designed to bring conventional mortgage financing to factory-built homes to increase the availability of quality, affordable homes that borrowers want. It should increase borrower access to high-quality, affordable manufactured homes, while providing lenders with flexible financing options. CHOICEHome is available with Freddie Mac’s Home… Read more...
Intercontinental Exchange, Owner of MERS, Buying Simplifile for $335 Million
Intercontinental Exchange (ICE), the company that bought MERS last year and a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that it has entered into a definitive agreement to acquire Simplifile, LC. Simplifile operates one of the largest networks connecting the agents and jurisdictions that underpin… Read more...
Homestreet Earnings Report Reflects Costs of Exiting Single Family Mortgage Business
Homestreet Inc (Nasdaq:HMST) announced it's quarterly earnings. The company, who recently made a decision sell most of its residential mortgage business to Penny Mac, New Residential Mortgage and Homebridge Financial Services, had a net loss ( on both continued and discontinued operations) of $1.7M in Q1 2019 versus net income of $15.2M in Q4 2018.… Read more...
Redfin Survey: More Millennial Homebuyers Saving for a Down Payment the Old-Fashioned Way
Seventy-two percent of millennial homebuyers this year are saving for a down payment directly from their paychecks, up from 69 percent last year, according to a March survey of 2,000 U.S. homebuyers and sellers commissioned by Redfin, the tech-powered real estate brokerage. Over 500 respondents born between 1981 and 1996 responded to the survey. Redfin… Read more...
FHFA Releases It's Scorecard Progress Report.
The FHFA on Friday released its Progress Report that summarizes the progress Fannie and Freddie have made in achieving the FHFA’s three strategic goals of: MAINTAIN, in a safe and sound manner, foreclosure prevention activities and credit availability for new and refinanced mortgages to foster liquid, efficient, competitive, and resilient national housing finance markets; REDUCEtaxpayer… Read more...
Visionet Hires Martin Foster for Leadership Roll
Mortgage Servicing leader with 35 years of experience joins as Senior Vice President, Consumer Lending Visionet Systems Inc., a global technology and services provider to the US mortgage industry, announced today that the company has hired Martin Foster, a mortgage servicing leader with 35 years of industry experience. [caption id="attachment_12087" align="alignleft" width="287"] Martin Foster,… Read more...
Newly Released Census Data Show Surprising Drop in Homeownership Rate
Census Data released yesterday showed that the U.S. rate of homeownership fell from 64.8% in the fourth quarter of 2018 to 64.2% in first quarter of 2019. This was a larger than anticipated drop that put an end to the steady gains that have been made since Q1 2017. Of the four regions in the… Read more...
Flipping Rates Near Historic Highs, But Flippers Are Playing a Different Game
According to recent report issued by Corelogic, home flipping continues to rise and is currently at the hightes level since they started tracking in 2002. This time however it isn’t just a matter of investors focusing on quick fix based on speculative house price movements, like in the past. Now short-term investors are focused on… Read more...
The 30 Year Loan Is Riskier and Drives Up Entry Level Home Prices
In a recently posted article, Edward J. Pinto, a resident fellow and the codirector of the Center on Housing Markets and Finance at the American Enterprise Institute (AEI), took aim at the usefulness of the 30- year mortgage. His feeling is that the slow amortization makes it nearly twice as risky as a similar loan… Read more...
Small Dollar Mortgages Are No Riskier Than Mid-Size Mortgages
By Alanna McCargo and Sarah Strochak, Urban Institute The difficulty of obtaining mortgages for low-cost homes has made homeownership even harder at the most affordable end of the spectrum. Only one in four homes purchased for $70,000 or less in 2015 was financed with a mortgage, compared with almost 80 percent of homes worth between… Read more...
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