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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 Boosts Green, Affordability Options
Freddie Mac has enhanced the Greenchoice Mortgages energy-efficient offerings, with broader financing options to help families with lower-incomes reduce utility costs through energy-saving home repairs and improvements. “Older homes tend to be more energy inefficient, which may raise the cost of homeownership and may make them more difficult to maintain,” said Mike Dawson, vice president… Read more...
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Redfin: Home Prices Rise 4.5% in October
Home sale prices increased 4.5 percent to a median of $297, 200 in October. That performance is unusual. Home prices have declined from September to October, having fallen by an average of 1 percent between the two months over the previous eight years, according to Redfin. In October 2018, however, prices increased nationally 2.4 percent… Read more...
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First Bank Deploys Servicing, Risk Platforms from Black Knight
First Bank had deployed the servicing and risk platforms from Black Knight. The bank implemented MSP, which supports first mortgages as well as home equity loans and lines of credit. First Bank is now using this comprehensive, unified platform to manage all of its mortgage servicing processes, including loan boarding, payment processing and default management.… Read more...
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Fannie Mae Bolsters Support For Disaster Victims
Fannie Mae has launched a supplement to the post-disaster mortgage relief options the company currently offers, such as victims of the fires in California. Homeowners with a Fannie Mae owned loan whose property is in a FEMA-declared zone are eligible for free assistance from the Disaster Response Network. If the home was not damaged, but… Read more...
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No Surprise: Fannie, Freddie Refi Biz Drops
The Federal Housing Finance Agency reports that Fannie Mae and Freddie Mac have completed 253,135 refinances in the third quarter of 2018, compared with 299,460 in the second quarter. FHFA's third quarter Refinance Report also shows that 1,865 loans were refinanced through the Home Affordable Refinance Program, bringing the total number of HARP refinances to … Read more...
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Redfin, Notarize Close Loans Online
Redfin and Notarize are working together to provide the capability to close a mortgage loan online. Redfin Mortgage completed its first digital home closing November 2 for a Texas homebuyer and continues to schedule more digital closings as consumers learn about this option. "Redfin is using technology to improve the entire home buying process from… Read more...
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Coastal, Inland Towns Facing Increased Flood Risk
Hundreds of thousands of coastal homeowners could feel the devastation of rising seas from climate change within just three decades. Some 386,000 homes today are likely to be at risk of regular flooding by 2050 because of sea-level rise from climate change, under a scenario of unchecked greenhouse gas emissions, according to a new analysis… Read more...
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Trade Groups Urge Senate To Confirm CFPB Nominee
[caption id="attachment_7663" align="alignleft" width="150"] Kathleen Kraninger[/caption] The National Association of Realtors and over 20 trade groups from across the real estate industry, have sent a letter to Senate leadership and the Senate Committee on Banking, Housing and Urban Affairs urging confirmation of Kathleen Kraninger as director of the Consumer Financial Protection Bureau. The Senate is… Read more...
Bankers Feel Angst over Dems’ House Takeover
Bankers are worried about the effect of a Democratic takeover of the House. Seventy-three percent of respondents saw a Democratic takeover of the House of Representatives to be a serious concern for their bank, according to the Bank Executive Business Outlook Survey from the Promontory Interfinancial Network. Other findings from the survey demonstrate: Seventy-three percent… Read more...
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FHLB Awards $14M in Housing Grants
The Federal Home Loan Bank of Dallas in partnership with member financial institutions has awarded $14 million in Affordable Housing Program grants to 29 projects in Arkansas, Louisiana, Mississippi, New Mexico and Texas, which will result in the creation or rehabilitation of 1,853 housing units. FHLB Dallas annually returns 10 percent of its profits… Read more...
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