Navy Federal launches digital mortgage platform with help from Blend

Date: 24 Jun 2019 / Posted By: admin

Navy Federal launches digital mortgage platform with help from Blend The world’s largest credit union is joining the growing list of lenders that are taking the mortgage process digital. Navy Federal Credit Union announced Monday that it is launching a digital mortgage application platform that o

Senior housing wealth continues to smash records

Date: 24 Jun 2019 / Posted By: admin

Senior housing wealth continues to smash records Older homeowners continue to rake in the home equity as home values appreciate across the nation, with the latest data revealing that equity levels for the 62-and-older set grew by $104 billion last quarter. That brought senior housing wealth to a re

Cerberus issues $174 million of debt secured by home equity lines of credit

Date: 24 Jun 2019 / Posted By: admin

Cerberus issues 4 million of debt secured by home equity lines of credit A unit of Cerberus Capital Management last week issued $174 million of debt secured entirely by home equity lines of credit, or HELOCs, according to The Wall Street Journal. It’s a type of mortgage bond that went extinct in

Former HUD Deputy Secretary Pam Patenaude joins Habitat for Humanity board of directors

Date: 24 Jun 2019 / Posted By: admin

Former HUD Deputy Secretary Pam Patenaude joins Habitat for Humanity board of directors Pamela Hughes Patenaude, who formerly served as deputy secretary of the Department of Housing and Urban Development, is joining the board of directors of Habitat for Humanity International, the organization anno

Homeowners in these cities are doing the most remodeling

Date: 24 Jun 2019 / Posted By: admin

Homeowners in these cities are doing the most remodeling Remodeling activity across the nation has slowed in the last year, but some cities have bucked the trend and posted gains despite the nationwide housing slowdown. According to the latest from housing data and analytics company BuildFax, remod

This is what happens when you get a bunch of mortgage marketers in the same room

Date: 21 Jun 2019 / Posted By: admin

This is what happens when you get a bunch of mortgage marketers in the same room Just being in one room with more than 300 marketers was inspiring — the number of selfies, flash briefings, podcasts and videos being created at any given time was unlike anything I had ever seen. Even more impressi

FICO scores for May mortgage borrowers remain at two-year highs

Date: 21 Jun 2019 / Posted By: admin

FICO scores for May mortgage borrowers remain at two-year highs A strong labor market coupled with lower borrowing costs has put Americans in better shape to get a mortgage, based on average FICO scores and debt ratios for closed loans. The average FICO score for a closed mortgage was 728 in May, m

Prominent Senate Democrats want reversal of HUD policy on FHA mortgages for Dreamers

Date: 21 Jun 2019 / Posted By: admin

Prominent Senate Democrats want reversal of HUD policy on FHA mortgages for Dreamers A number of prominent Senate Democrats, including several who are running for president, want HUD to reverse the FHA's new policy of refusing to back mortgages for Deferred Action for Childhood Arrivals recipients.

Ginnie Mae removes loanDepot's VA loan restrictions

Date: 21 Jun 2019 / Posted By: admin

Ginnie Mae removes loanDepot's VA loan restrictions After nearly six months of being restricted from participating in some of Ginnie Mae’s mortgage bond programs as part of the agency’s crackdown on lenders for Department of Veterans Affairs loan churning, loanDepot is back in the game. Gi

Fitch: NYC rent regulations a negative for multifamily lenders

Date: 21 Jun 2019 / Posted By: admin

Fitch: NYC rent regulations a negative for multifamily lenders Last week, New York State Senate and Assembly leaders passed expansive changes to rent control laws that stunned the real estate industry. While it seems no one working in New York’s real estate market is especially thrilled with the