Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. The Department of Justice’s settlement announcement […]
The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-14 this week, which increases the threshold from $75 million to $120 million for multifamily loans to be considered large loans. This marks the first major […]
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times […]
The numbers: U.S. pending-home sales fell in May, the National Association of Realtors said on Thursday but the housing market is still showing signs of being in recovery mode. Demand for homes is still strong, despite […]
Opportunistic is how the May real estate market can be described. People are still moving to the Treasure Coast and buying houses — sometimes above the asking price — even though sale prices are increasing […]
LONDON, June 29 (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. […]
The high street lender says while typical homeowners coming off fixed rate deals face significant increases in their monthly payments, borrowers have been “stress tested” for higher rates and so should be able to cope, […]
Most borrowers who had a mortgage forbearance in March 2021, including disproportionately impacted borrowers of color, were either current or closed as of March 2023. This is according to data released this week by the […]
This marked the first increase in the multifamily loan threshold since 2014. The post FHA Increases Threshold on Multifamily Large Loans appeared first on Weekly Real Estate News.
In June, the U.S. median list price was $445,000. The post US Median Home Price in First Year-Over-Year Decline Since 2017 appeared first on Weekly Real Estate News.
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