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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)
US Mortgage Foreclosure Rate Drops to a 12-Year July Low, Notes Survey
The foreclosure inventory rate for July was at the lowest level in more than a decade. The foreclosure inventory rate for July 2018 hit 0.5 percent, down 0.2 percent compared with the same period a year earlier, and marking a 12-year low in the statistic, according to the Loan Performance Insights Report from CoreLogic. The… Read more...
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Rate Concerns Cause Consumer Sentiment to Decline Slightly
The Fannie Mae Home Purchase Sentiment Index decreased slightly in September, falling 0.3 points to 87.7, reversing August's increase. The dip can be attributed to decreases in three of the six components, including the mortgage rate and household income components. The net share of Americans who said it is a good time to buy a… Read more...
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The Mortgage Files: Fannie Names (Interim) CEO, A Couple Deals
A New (Interim) Top-Man at Fannie Mae Fannie Mae named Hugh Frateras as interim chief executive officer. The appointment will be effective on Oct. 16, 2018, subject to final FHFA approval. "I have great respect for Fannie Mae and the significant role it plays in our housing system," said Frater. “I look forward to working… Read more...
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Home Prices Least Affordable They’ve Been in 10 Years, Notes Survey
The U.S. home prices in the third quarter were at the least affordable level since Q3 2008, a 10-year low, according to the Q3 2018 U.S. Home Affordability Report from Attom Data Solutions. Nationwide, the home affordability index of 92 was down from an index of 95 in the previous quarter and an index of… Read more...
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CoreLogic: August Home Prices Increased 5.5 Percent Year Over Year
CoreLogic has released the CoreLogic Home Price Index and HPI Forecast for August 2018, which shows home prices rose both year over year and month over month. Home prices increased nationally by 5.5 percent year over year from August 2017. On a month-over-month basis, prices increased by 0.1 percent in August 2018. Looking ahead, the… Read more...
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Perp Walk Friday: New Jersey Man Pleads Guilty of Mortgage, Real Estate Fraud
A New Jersey man pled guilty to charges that he conspired to defraud financially distressed homeowners, investors, and financial institutions of fees and income from mortgage and real estate transactions. Hasan Hussain, 57, of Princeton, N.J., pled guilty to charges that he conspired to defraud them of rental income, mortgage payment funds, property ownership and… Read more...
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Hensarling: GSE 'Reform, While Critical, Has Proven Elusive'
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at the full committee’s hearing on the 10th anniversary of the federal government’s takeover of Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSE). Sept. 6th, 2008 is a day that will live on in economic infamy. For today marks a not-so-happy anniversary… Read more...
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Study: Millennials Rank Home Ownership the No.1 Accomplishment
By Sam Evans Millennials view owning a home as a greater accomplishment than saving the world, which ranked second to last, according to the 2018 TMS Millennial First-Time Homebuyer Study, notes a new survey from The Mortgage finance Company. The study uncovered that 43% of Millennials said that owning a home is the most important… Read more...
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Wells Fargo Names Toye to Community Lending Post
Wells Fargo named Vince Toye head of Community Lending and Investment, and he will report to Mark Myers, head of Commercial Real Estate. “Vince is a proven leader in affordable housing and community development finance,” Myers said. “I am confident that his passion for this work, paired with Wells Fargo’s deep commitment to affordable housing… Read more...
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Fed Lifts Supervisory Agreement with Flagstar
The Federal Reserve has lifted its Supervisory Agreement with Flagstar Bancorp. The Supervisory Agreement, which began on Jan. 27, 2010, included requirements to submit a capital plan annually and receive a written non-objection from the Fed before paying a dividend or repurchasing stock, incurring or renewing holding company debt or engaging in affiliate transactions. "This… Read more...
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