Renters Now Rule Half of US Cities as Leases Replace Mortgages

Renters Now Rule Half of US Cities as Leases Replace Mortgages

Detroit was once known as a city where a working-class family could afford to own a home. Now it's a city of renters. Just 49 percent of Motor City
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Ryan Kirk

As a mortgage loan officer right here in San Diego, CA, I've been helping home-buyers just like you secure and refinance mortgages.
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Nonprofit SBA Lender Hires President

Juarez will oversee all areas of the Sherman Oaks lending organization's efforts to provide long-term, fixed-rate financing through U.S. Small Business
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HR 1699

H.R. 1699. In GovTrack.us, a database of bills in the U.S. Congress.
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Britain's poorest, excluded from banking, turn to high-cost credit – report

LONDON Poorer people in Britain are being excluded from the financial system and forced to rely on expensive and substandard banking products,
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Squatters Reveal the True State of the Housing Market

Government's belief that more housing means more prosperity, has created millions of empty houses and billions of dollars of wasted capital. At the
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Police: Man arrested for using victims' banking account information to create credit cards

MERIDEN, Conn. (WTNH) — A Bronx, New York man was arrested at Meriden Superior Court for allegedly using the banking information of several
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Placester, a real estate tech provider, raises another $50 million

Marking venture capital's latest big bet on real estate tech, software provider Placester has clinched another $50 million in a Series D funding round,
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Regulators Clear Living Wills for Regional, Card Banks

So-called living wills submitted for fifteen of the banking firms — American Express, Ally Financial, BB&T, Capital One, Comerica, Discover, Fifth Third,
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RI Real Estate Notes: Providence condo goes for lofty $1.175M

It's a big unit at The Residences, with three bedrooms, two full bathrooms and a lavette, and two parking spaces in the garage with a separate storage
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Banking sector blindsided by Richie Boucher retirement

Given his age (59 in August), length of service (14 years, eight as chief executive) and the fact that Bank of Ireland has embarked on a substantial
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Co-op Bank insists 'credible' suitors are eyeing bids

Co-operative Bank has insisted that it has several “credible” suitors and dismissed speculation that bidders face a looming deadline to make initial
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New Ghent real estate office is virtual prototype

Berkshire Hathaway HomeServices Towne Realty has taken real estate to the next level. The prototype office of the future in Ghent has all glass front
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SBA taps investment banking vet to head capital access office

The Small Business Administration has appointed an investment banking veteran and former SBA official to return to the agency and lead its
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Timothy Malcolm: For Real Estate band, it's all about location

OK, this isn't a very unique occurrence. People get excited about new albums all the time. Most of the world got excited this week about “More Life,” the
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North Bay's biggest: 21 residential real estate brokerages, 7 private high schools

The latest Business Journal research (Lists.NorthBayBusinessJournal.com) is out in the March 20 issue, this week focusing on Residential Real Estate
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House buyer beware: Landmark BC court ruling will shake real-estate industry

A ruling from the B.C. Supreme Court is a stark warning about the dangers of buying Canadian real estate from foreign owners. Gerry Kahrmann / PNG.
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Agree To Purchase Alexandria Real Estate Equities At $100, Earn 4.1% Annualized Using Options

Investors considering a purchase of Alexandria Real Estate Equities Inc (Symbol: ARE) stock, but tentative about paying the going market price of
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Feds considering changes to banking rules

Photo (c) kevers – Fotolia Some of the major banks have proposed changes to Dodd-Frank financial reform rules governing the way consumers access
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The State Of Digital Transformation In Banking And Financial Services

Digital business platform provider Avoka has released its second annual State of Digital Sales in Banking study that measures the digital account
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OFFICIAL CORRECTION-WRAPUP 3-US new home sales hit 7-month high; jobless claims rise

OFFICIAL CORRECTION-WRAPUP 3-US new home sales hit 7-month high; jobless claims rise

New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum
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Real estate agent accused of stealing $41K from Orlando employer, cops say

Carolyn Ann Hamm told her boss she'd take on some extra office duties at the Orlando real estate business to help supplement the money she was
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Real Estate Weekly: Healthcare REITs Rally After GOP Plan Crumbles

REITs declined 0.7% on the week following a strong 2.5% rally last week. Healthcare REITs, however, surged 3.5% after the GOP abandoned a plan
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Why the nation should now be banking on change

People often talked about “keeping their bank manager happy”. This was somebody we knew and somebody who knew us – rather too well
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Santa Barbara County narrows real estate consultant search

Santa Barbara County (Calif.) Employees' Retirement System named four finalists in its search for a real estate consultant, said Ellen Hung, assistant
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The secret to finding the next real estate hot spot? Traffic counts are only part of it

“Everything has risk,” said real estate developer Tom Burke. “You've got to have a great plan and you only get one chance to screw it up.”
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You've got to fight! For your right!… to fair banking

The goal is to make it easier for people on lower incomes to get banking services, but this simple-sounding target brings with it a host of problems.
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Toronto Blue Jays banking on more big-game heroics from Marcus Stroman

DUNEDIN, FLA. — Good on Marcus Stroman for being named the World Baseball Classic MVP following one of the most sensational performances of
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BankThink Banks in the digital age: It's still about humans

Instead of focusing on hot new technologies, the goal of banking in the digital era should be to solve simple human problems. That's what Uber did for
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RBS To Close 158 Branches As Online Banking Soars

Law360, London (March 24, 2017, 3:52 PM GMT) — Embattled Royal Bank of Scotland Group PLC will close 30 branches of RBS and 128 branches of
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Rising bad debts to continue affecting banking, Fitch says

THE OUTLOOK of the Thai banking sector remains “negative” as bad debts will continue to rise, says Fitch Ratings. “Non-performing loans are
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Number of newly-minted millionaires at Europe's big banks is shrinking

LONDON (Reuters) – The number of employees earning more than a million euros or pounds at Europe's biggest banks fell sharply last year, another
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Nemea Bank loses its banking licence

The European Central Bank has withdrawn Nemea Bank's licence, in line with a recommendation made by local financial regulators earlier this year.
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Lloyds Banking Group axing hundreds of jobs AGAIN

Lloyds Banking Group is throwing more UK techies overboard ahead of the big outsourcing deal with a “single strategic partner” that El Reg previously
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Perth real estate: Family homes open for inspection this weekend

If you are looking for a large family home, this weekend's homes open for inspection feature several options with five-plus bedrooms, from the western
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8 ON YOUR SIDE ALERT: Scam targets online banking

TAMPA, Fla. (WFLA) — If you use online banking, and a lot of us do, we expect that our most important personal information is secure. But scammers
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Leafs rookie William Nylander has found his prime real estate

Although hockey is a fluid sport in which players are expected to play a 200-foot game, they still tend to find particular places on the ice that are near
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Bosnia Court Indicts 16 for RS Banking Scam

A court has confirmed an indictment against 16 people accused of issuing illegal loans and guarantees on behalf of a defunct bank in the mainly
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Rules now tighter for mortgages in Beijing

To target faked divorces, Beijing housing mortgage applicants who have … Additionally, real estate agents should not offer illegal housing financing
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From hard rock to real estate

Today, Janovitz is more than a decade into his second career as a real-estate agent in Lexington. Along with his partner, Jonathan Tse, Janovitz has
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Long Island Mortgage Banker Sentenced To 150 Months Imprisonment For Orchestrating $30 …

Long Island Mortgage Banker Sentenced To 150 Months Imprisonment For Orchestrating $30 …

Earlier today, Aaron Wider, the former owner and Chief Executive Officer of the mortgage bank HTFC Corporation, was sentenced by United States
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When Does It Make Sense to Refinance Your Mortgage?

Are you considering joining the millions of homeowners who have saved thousands of dollars every year by refinancing their mortgage? Despite last
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The Advantages and Disadvantages of Internet Banking

The number of people with internet bank accounts has exploded in recent years, with many people seeing it as an easier and more convenient way to
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Two plead guilty in mortgage fraud scheme

Jasmin Polanco, 37, a real estate closing attorney, and Vanessa Ricci, 40, a mortgage loan officer, each pleaded guilty Friday to one count of
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Antheus sells East Park Tower amid tightening financial real estate market

Eli Unger, chairman and president of Antheus, said the company is working on refinancing the loan and is intent on securing an even larger mortgage
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Beijing launches new rules to cool its real estate market

Beijing launches new rules to cool its real estate market

A number of measures were launched on Friday by the People's Bank of China (PBC) Operations Office in Beijing to cool the capital's red-hot real
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Dudley defends fine-tuned Fed rate hikes for stable but uneven US economy

(Adds discussion on predatory lending, bond markets, Bangladesh cyber heist; background) By Jonathan SpicerNEW YORK, March 24 (Reuters)
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The Dimensional Fund Advisors LP Sells 149541 Shares of FNF Group of Fidelity National …

Assetmark Inc. now owns 2,748 shares of the company's stock valued at … FNF, through its subsidiaries, provides title insurance, mortgage services
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CFPB proposes flexibility on mortgage data collection

WASHINGTON — The Consumer Financial Protection Bureau issued a proposal Friday that would give mortgage lenders more flexibility in collecting
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House Committee Schedules Hearing on the State of Bank Lending

The Subcommittee on Financial Institutions, part of the House Financial Services Committee, has scheduled a hearing on the state of bank lending in
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Mortgage App Discrepancies Up Nationally and in Texas

The firm's February report on what it calls defects in the mortgage application process found the likelihood of fraudulence and misrepresentation on
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Overall Home Sales in South Florida Struggle

The middle of the South Florida housing market is doing fine, but the other ends are struggling, according to Nancy Dahlberg of The Miami Herald.
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February state housing data relased

The attached data reports explain how the central Indiana housing market is performing according to eight different indicators. Each indicator will have
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Long Island mortgage banker gets 12+ years for $100 million mortgage fraud scheme

In another case stemming from the mortgage industry's Wild Wild West days, the former owner and CEO of a New York mortgage bank will spend the
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OCC: Charts prove borrowers keep getting better at paying their mortgage

Keeping up with the rest of the year, the Office of the Comptroller of the Currency's latest quarterly report on mortgages showed that borrowers are
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Columbia real estate a seller's market

Columbia real estate a seller's market

Homeowner Mel Go, left, talks with her realtor Karen Yip in a bedroom of her house near Atlas Rd. on Wednesday, March 22, 2017, in Columbia, S.C.
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Two Methuen Men Pleaded Guilty to Sham Short Sale Scam

Jasmin Polanco, 37, a real estate closing attorney, and Vanessa Ricci, 40, a mortgage loan officer, each pleaded guilty yesterday to one count of
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Card Charge-Off Rates For The Largest US Issuers Rising Faster Than The Industry

Among the largest U.S. card lenders, Capital One reported the highest card charge-off rate of 4.1% for full year 2016 – a figure much higher than the
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Long waits and frustration for prospective homebuyers

Mahlum, who is already approved for financing, is not the only would-be … But this year is worse, Bremer Bank mortgage loan officer Ryan Gillespie
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KC clergy group helps leverage $1.8 billion for low-income neighborhood investments in KC and …

The $1.8 billion in prospective investments includes goals for $30 million in lending for mortgages in lower-income communities, $24 million for
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The Springtime Market…A Real Estate Conversation

The Springtime Market…A Real Estate Conversation

What trends do you see in your clients as far as ages, lifestyles, requirements, their … If you feel you have a specialty in real estate sales what is it?
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Investors Title Company (ITIC) Soars 10.65% on March 24

Investors Title Company (ITIC) had a good day on the market for Friday March 24 as shares jumped 10.65% to close at $147.82. About 19,036 shares
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NOTICE OF MORTGAGE FORECLOSU…

NOTICE OF MORTGAGE FORECLOSURE SALE STATE OF ALABAMA COUNTY OF LIMESTONE Default having been made in the indebtedness
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Trulia: Housing inventory tumbles to all-new low

Housing inventory plummeted in the first quarter of 2017, but that drop is even more pronounced in the starter home and trade-up markets, according
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Mortgage Rates in Holding Pattern Until Healthcare Vote

While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today. This isn't much of surprise
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Deducting Mortgage Interest and IRS Changes to the 1098 Mortgage Interest Statement

Tax season is in full swing. For 2016, there are some important changes on your 1098 Mortgage Interest Statement. Before we get into what's
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Hot real estate market forcing landmark musicians out of Toronto

The core matter is sky-high real estate prices and commercial development that result in rocketing rental rates, not only for club owners, but for
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Transactions: Meridian refis Chinatown property, Love closes $6.8M for assisted living center

A new mortgage in the amount of $2,600,000 on a four-story, eight-unit multifamily property located on West Ninth Street in New York, NY. The loan
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Vail Daily column: Ski-season housing market shows growth

With the 2016-17 Vail Valley ski season proving successful with above average snowfall, similarly, the area's local real estate market is demonstrating
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Investors Title Company (ITIC) Moves Higher on Volume Spike for March 24

Investors Title Company (ITIC) traded on unusually high volume on Mar. 24, as the stock gained 10.65% to close at $147.82. On the day, Investors
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CFPB Issues Proposal to Provide Flexibility to Certain Mortgage Lenders in Collecting Information

The CFPB's proposal would provide compliance flexibility for individual mortgage lenders, and would also support the broader mortgage industry's
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Roll-up mortgage a better option for asset-rich retirees

Roll-up mortgage a better option for asset-rich retirees

Term loans, in whatever form, entail collateral, but the report on Hong Leong Finance's scheme for retirees did not include any mention of it (HLF
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BRIEF-Freddie Mac issues monthly volume summary for February 2017

March 23 Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a
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Ladenburg Thalmann Cuts New York Mortgage Trust (NYMT) To Neutral; Rhoen Klinikum AG (ETR …

New York Mortgage Trust has $7.0 highest and $6.25 lowest target. … The Company's investment portfolio includes residential mortgage loans,
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The Arlington housing market is getting tighter than you thought possible

The housing market in Arlington went an entire week without having one single-family home for sale. Real Estate agent Steve McKenna of Bowes
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Exclusive Event for Real Estate Agents! Western Hills, OH – 4

HUFF Western Hills office, #101, 5600 Harrison Avenue, Cincinnati,OH 45247. If you are considering a career in real estate, why not start at the top?
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Insider Trading Activity Cherry Hill Mortgage Investment Corp (NYSE:CHMI) – Insider Bought 1000 …

… Hill Mortgage Investment Corporation is a residential real estate finance … prime mortgage loans and other cashflowing residential mortgage assets.
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Placester continues growth with $50 million capital raise

Over the last few years, Placester, a Boston-based real estate marketing platform, experienced rapid growth, raising $50 million in three rounds of
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American Financial Resources Celebrates 20 Years of Success

American Financial Resources (AFR) has grown to become a major … and retail mortgage originator, and servicer of residential mortgage loans.
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Ladenburg Thalmann Cuts New York Mortgage Trust (NYMT) To Neutral, Last Week Lendingtree …

Gsa Cap Prtn Ltd Liability Partnership has invested 0.02% in New York Mortgage Trust Inc (NASDAQ:NYMT). Minnesota-based Ameriprise Financial
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Not breach of contract but unlicensed lending, says judge

Defendants Sim Eng Tong and Chua Siok Lui argued that their agreements with Ochroid Trading and Defendants Sim Eng Tong (above) and Chua
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Western Asset Mortgage Capital Corp to Issue Quarterly Dividend of $0.31 (WMC)

Western Asset Mortgage Capital Corp to Issue Quarterly Dividend of $0.31 (WMC)

Western Asset Mortgage Capital Corp (NYSE:WMC) declared a quarterly … of real estate related securities, whole-loans and other financial assets.
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CFPB Gives Mortgage Lenders Flexibility In Fair Lending Law

The CFPB proposed an amendment to implementing rules for the Equal Credit Opportunity Act that would allow lenders to ask more detailed
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CREA housing market forecast predicts falling sales

The updated housing market forecast for 2017 and 2018 from the Canadian Real Estate Association (CREA) finds that national housing market trends
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Can single-family rental mortgages replace disappearing refis?

… executive chairman of multifamily originator Northmarq Capital, during a residential lending panel at the Regional Conference of Mortgage Bankers
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Argentina unveils inflation-adjusted 30-year mortgages

Argentina has given the green light to highly anticipated inflation-adjusted, 30-year mortgage loans (UVA) to be offered through the nation's three .
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As Seattle market mirrors Vancouver's, housing experts search for answers

It feels like a case of déjà vu. South of the border, experts are divided about whether or not the city's housing market is being driven by foreign buyers
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Fannie, Freddie investors seek rehearing of US case on profit seizure

Fannie Mae preferred gained about 1.6 percent to $6.86 a share while Freddie Mac preferred was up 3.1 percent to $3.17 a share. In February, a
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AAFMAA Mortgage Services offers first construction to permanent loan from America's military …

Many military families now have direct access to competitive mortgage rates for construction and permanent mortgage loans. AAFMAA Mortgage
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Honeymoon's Over for Peer-to-Peer Lending

And second, it makes more sense for many smaller online lenders to team up with larger financial operations rather than try to go it alone in an
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Barry Manilow Lending Voice To Good Cause

Iconic singer Barry Manilow is singing for a good cause ! The Wrap reports that Manilow will be performing at a concert series in New York City that
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Mortgage Banker/Broker License/Mortgage Loan Originator Print This Page

License to act as a mortgage banker or mortgage broker. A mortgage banker is any person or entity that makes, originates, or services at least 4
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Homeowner Hurdles: Credit Unions Stepping Up

I wasn't married, I had student loan debt and I had rising rent. … Y-12's mortgage loan officers are also trained to identify additional needs of borrowers
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New Warning on Potential GSE Capital Buffer

… Agency (FHFA), and Treasury Secretary Steven Mnuchin expressing concerns about the declining capital buffer at Fannie Mae and Freddie Mac.
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Consumers Sometimes Defy Logic

Their appeal is likely to rise, if, as many lenders expect, interest rates … Bruce Dickinson, First Tech's SVP of mortgage lending, said credit unions'
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China Lending Corp (cldc) Declares $0.04 Quarterly Dividend

China Lending Corp (cldc) Declares $0.04 Quarterly Dividend

China Lending Corp logo China Lending Corp (NASDAQ:cldc) announced a quarterly dividend on Tuesday, March 21st. Investors of record on Friday,
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Home buyers and sellers beware: Cybercrooks target closing funds

Now, imagine receiving a last-minute email that appears to be from your real estate agent or title company giving you new wire-transfer instructions.
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Mortgage rates drop for Friday

The average 30-year fixed-mortgage rate is 4.02 percent, down 8 basis points … Rates could be substantially higher when the loan first adjusts, and
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New Homes Find More Buyers in February: Housing Stocks Rally

In February, new home sales surged to a seven-month high, indicating the gradual housing market recovery on strong demand. The upside was
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Pinnacle Bank – Wyoming one of Top Home Lenders Recognized by USDA

March 22, 2017 – USDA Rural Development of Wyoming recently published their Top Ten List of Guaranteed Rural Housing (GRH) Lenders list for
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Mortgage firms lend a hand in financing flips

It starts with some aggressive financing programs for both the property purchase and … Contact mortgage broker Jeff Lazerson at 949-334-2424,
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SMALL BIZ STRATEGIES: What you need to know about title insurance

Filled with “must read” stories, industry news and reporter insights, exclusive interviews with local business leaders, and expanded Top 25 Lists.
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Death knell for mortgage deduction?

For Long Island, the most holy of the sacred cow write-offs are the mortgage interest and property tax deductions, which not only amount to nearly $1.8
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Mortgage Performance Continues to Improve

Overall mortgage performance continues to improve, according to the Office of the Comptroller of the Currency's (OCC) Mortgage Metrics Report for
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GSE common securitization plan delayed to 2019

WASHINGTON — The second phase of the plan to have Fannie Mae and Freddie Mac using a common, single mortgage-backed security will be
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Jumbo Mortgage Rates Continue Downward Trend

In all, mortgage rates remained relatively stable again today. One notable exception is the rate for a jumbo mortgage — a loan amount above the
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Home sales under $1 million up as spring market kicks off strong

Home sales under $1 million up as spring market kicks off strong

283 Buttery Road is on the market for $899,000. The 1958 center-hall colonial is described as well-maintained with a fresh coat of paint and a level
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Morning Briefing: Mortgage credit quality hits 16 year high

Mortgages originated in the fourth quarter of 2016 remained low credit risk, similar to the previous quarter and being the best quality since 2001.
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Groups renew pitch for GSE buffers

In a letter to the Federal Housing Finance Agency (FHFA) this week, the Community Mortgage Lenders of American (CMLA) and Community Home
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Should You Buy Shares of Fannie Mae and Freddie Mac?

He settled on what seemed a sure bet: Fannie Mae (fnma) and Freddie Mac (fmcc), the mortgage giants that guarantee and securitize home loans for
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Housing Party Just Might Be Spoiled by Soaring Rates

Interestingly, home prices declined. Inventory remains near historic lows and you would expect the strong demand to have pushed up costs. The price
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Expert: Michigan housing market will sizzle in 2017

That pretty much sums up the 2017 housing market in southeast Michigan, according to a real estate forecast breakfast held Thursday in Birmingham.
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CFPB amends Equal Credit Opportunity Act

The Consumer Financial Protection Bureau announced it is reassessing the Equal Credit Opportunity Act in order to provide lenders with additional
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Home sales up much higher in local area than state

According to the Market Monitor provided by the Realtors Association of Southern Kentucky (RASK), 171 homes were sold in January with an average
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Real Estate Today: State of the real estate market

The Jamaica Plain real estate market continues to boom with prices soaring and inventory at a shocking low. According to Josh Muncey, real estate
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Property price SURGE in Brexit areas that voted overwhelmingly to leave EU

Comparing changes in property values with the results of the referendum reveals the unexpected pattern, and suggests there is a clear 'Brexit effect',
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First American: Fraud and misrepresentation grew in February

February saw an increase in fraud activity and defects in mortgage loan applications, according to the First American Loan Application Defect Index
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Value of housing market hits 10-year high

Home prices for existing single-family homes came screeching to a halt in January, the Federal Housing Finance Agency's report showed. And a new
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LI mortgage banker sentenced in $30M fraud scheme

A Long Island mortgage banker was sentenced Friday in federal court in Central Islip to 150 months in prison in a bank fraud scheme, authorities said.
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House price growth slows as market takes a breather

Mortgage lending slowed down in February in the latest sign that the housing market is settling into a period of modest price rises rather than a boom
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I won the Toronto real estate lottery, but I'm not celebrating

Real estate agents keep sticking cards in our mailbox saying something along the … It showed how Toronto house prices had risen over the decades.
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Mortgage Rates Friday, March 24: Holding March Lows; Expanding Access for Borrowers Without …

Mortgage rates today for 30- and 15-year fixed loans ticked higher, while 5/1 ARMs slipped a notch, according to a NerdWallet survey of current
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Copiague man sentenced to more than 12 years in mortgage scam

Aaron Wider, right, is escorted by a federal agent as he is taken into custody in Melville on May 6, 2014. Wider, 51, the former head of mortgage bank
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RateSetter provides update on wholesale lending

The peer-to-peer lender stopped taking on new wholesale partners last December, after it emerged that the City watchdog had concerns about the
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Second Phase Of GSEs' Single Security Initiative Delayed

The second phase of the initiative to get government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac onto the Common Securitization
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Mortgage applications drop

Mortgage applications dwindled by 2.7% last week on a seasonally adjusted basis from the previous week, according to the Mortgage Bankers
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