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Updated: 30 min 16 sec ago
While some recent downward pressure on yields experienced by the much larger institutional investors has somewhat tempered the enthusiasm surrounding single-family rentals, investors are still bullish on the performance of the new asset class.
A tremendously positive earnings report sent Impac Mortgage Holdings’ stock soaring on Friday. The company isn't back to its pre-crisis heights, but it's on its way.
The next shoe has dropped in New Residential Investment’s acquisition of Home Loan Servicing Solutions. The company announced late Friday that it received a letter earlier in the week from NASDAQ, which stated that the stock exchange is delisting Home Loan Servicing Solutions, effective at the opening of business April 29, 2015.
After participating in two jumbo mortgage bond offerings brought by other issuers in 2014, Five Oaks Investment Corp is launching a jumbo mortgage bond of its own. The offering, which will be issued as Oaks Mortgage Trust Series 2015-1, is backed by 383 mortgages with a total balance of approximately $267.2 million.
In May, Bank of America/Merrill Lynch is holding its 24th Annual Low Income Housing Challenge in California challenging students to come up with a business plan to meet the needs of those most in need of affordable housing. Here's why this matters.
Modest-size mortgage applications shrink even as mid-level and jumbo applications have seen growth in the first quarter of 2015.
The FHA and HUD are taking steps to amp up foreclosure prevention, and some housing advocates like what they’re hearing.
Homebuyers burned in the housing crash are itching to buy again and the pressure is on from the industry to get them in there. It’s been seven years – so what housing crash, Dr. HousingBubble asks sarcastically.
Agency loans for first-time buyers are as risky as they’ve been since the AEI started tracking mortgage risk. With pressure on to loosen credit standards even more, are you worried?
The Export-Import Bank is in the cross-hairs on Capitol Hill, and the latest news that a loan officer was taking bribes isn’t going to help defenders.
For more than a year, almost everyone in and around the industry has been saying that the Federal Reserve will be raising interest rates by mid to late 2015. One man in the know thinks everyone is wrong.
Sterne Agee analyst Henry Coffey is raising the estimate on earnings and price target on Altisource Portfolio Solutions after seeing the company’s first-quarter results posted Thursday. Here’s why.
As home prices continue to increase, fewer homes are now heading into foreclosure. While this might be disappointing news for home shoppers, Auction.com Executive Vice President Rick Sharga cites four reasons for this trend.
Radian Guaranty is offering a new program that’s the first of its kind in the industry – job loss insurance. The new program, called Radian MortgageAssure, will pay a borrower’s mortgage if they suffer an involuntary job loss and fall behind on their mortgage payments. And it comes at no cost to the borrower.
Impac mortgage turned around its financial situation in its latest first-quarter earnings report. Key drivers of the growth? For starters, higher origination volume.
“Not only do owners of formerly distressed homes have damaged credit for an extended time, but to purchase again, mortgages must now be obtained amidst an abundance of new, more stringent credit restrictions,” said Piegza.
Driven by a 15% increase in direct title orders closed and a 62% increase in refinance title orders, First American Financial saw its revenue grow by 10% in the first quarter. According to First American, its total revenue rose to $1.11 billion in the first quarter of 2015, up from $1.01 billion in the same time period last year.
The United States government is suing Quicken Loans, accusing the lender of improperly originating and underwriting loans that were insured by the Federal Housing Administration. According to an announcement from the Department of Justice, the government alleges that from September 2007 through December 2011, Quicken “knowingly submitted, or caused the submission of, claims for hundreds of improperly underwritten FHA-insured loans.”
Simplification and streamlining – those are the watchwords as Fannie and Freddie move forward in 2015 in terms of mortgage servicing. And not surprisingly, the two enterprises' plans are not too different.
DocMagic launched a new compliance tool for the mortgage industry to help lenders comply with the new TILA/RESPA Integrated Disclosure rule that goes into effect on Aug. 1.