Loan originations down, down payments up in fourth quarter

Of the eight cities that tallied increased loan origination activity, Lexington, Kentucky, saw a 40-percent uptick, Raleigh, North Carolina, recorded a 37-percent rise and Huntington, West Virginia, rose 27 percent, according to the ATTOM Data Solution…

Twitter COO Anthony Noto to take the reins at SoFi as CEO

Online lender Social Finance (SoFi), a seven-year-old San Francisco-based startup, has recruited a high-profile exec, Twitter COO Anthony Noto, to take the reins as CEO of the company, effective March …

How to help your buyers overcome credit setbacks

Although homeownership rates are still low — just 63.7 percent this past second quarter — several big players in the mortgage industry are pulling away from products that help homebuyers with credit challenges …

How to help your buyers overcome credit setbacks

Although homeownership rates are still low — just 63.7 percent this past second quarter — several big players in the mortgage industry are pulling away from products that help homebuyers with credit challenges …

Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

What’s an adjustable-rate mortgage (ARM) loan?

Also known as an ARM loan, an adjustable-rate mortgage loan is a loan that allows borrowers to take advantage of compressed rates. Peter Lorimer explains the benefits and risks.  …

What’s an adjustable-rate mortgage (ARM) loan?

Also known as an ARM loan, an adjustable-rate mortgage loan is a loan that allows borrowers to take advantage of compressed rates. Peter Lorimer explains the benefits and risks.  …

Understanding the funding sources for down payment assistance

The funding for down payment assistance (DPA) can come from numerous sources, and if you are going to take a position on if DPA is a good thing or a bad thing, you should know the differences …

Say goodbye to foreclosures and hello to new homeowners

Since the housing crisis began, distressed properties — foreclosures, short sales and bank-owned real estate — have dominated much of the conversation around real estate and real estate finance. The latest data, however, seems to indicate those days …