Richard Burns

Richard Burns

Retiring baby boomers will intensify the affordable housing shortage unless public officials find a way to add significantly more low-cost homes to the
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Rising rates point to start of 'secular bear market' for bonds

The average rate for a 30-year fixed-rate mortgage has crept up to nearly 5%, according to data from Freddie Mac, compared with less than 4.2% a
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Here are the top 10 reverse mortgage lenders

The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from the U.S. Department of Housing
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Open Lending Announces Expanded Partnership With Integrated Lending Technologies

AUSTIN, Texas, Oct. 12, 2018 /PRNewswire-PRWeb/ — Open Lending, LLC is pleased to announce it has expanded its longtime relationship with
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JP Morgan Chase home lending the only business unit with a revenue decline

Higher rates hurt the bank's home lending business, however, which was the only segment that saw revenue decline, as part of the bank's consumer
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After a robust year, there are signs the housing market is in correction mode

The residential market in the Lower Hudson Valley shows signs of a slowdown. The number of sales in the third quarter slipped from a year ago while
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Home Lending Rises at Wells Fargo, Lags at Chase

However, while Wells Fargo's home lending business saw an increase, with its mortgage banking income increasing to $846 million in Q3, from $770
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New Chief Executive at Home Builders Institute

Ed Brady, a Bloomington, Ill.-based builder and developer who served as the 2016 Chairman of the National Association of Home Builders (NAHB),
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Wells Fargo net income beats expectations, despite soft lending

Lending growth continues to go missing at Wells Fargo. The bank's revenues came in just ahead of expectations in the third quarter, and net income
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Sears Is Hammering Out Deal to Stay Open in Bankruptcy

Negotiations over the fate of Sears Holdings Corp. have moved away from a possible liquidation toward a plan that would keep some stores open
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Russia to consider lending Belarus $630 mln in 2019 – Siluanov

MOGILEV, Belarus, Oct 12 (Reuters) – Russian Finance Minister Anton Siluanov said on Friday that Russia would consider providing a $630 million
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TBI Distributors Survey 2018: part one

He continues: “SVOD players and international broadcasters are also buying out worldwide rights, increasing competition.” To ensure eOne lands
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Need for multiple title policies confuses homeowner

This means that if any claims arise that originated prior to your ownership, the title company will defend the claim and reimburse you for any loss you
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Freedom Mortgage Raises Funds for Military Charities at MBA Conference

Freedom Mortgage has announced that it will raise funds for military charities at a networking event during the Mortgage Bankers Association's Annual
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Loans for All: Putting an End to Discriminatory Lending

The problem highlighted by Endicott in the LGBTQ community is an example of when discriminatory lending appears clear and obvious. However, the
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Mulvaney Tries to Stem Internal Backlash Over Official

… Ficklin, Director of the Fair Lending Office, and both the President of the National Treasury Employees Union and the head of its CFPB chapter.
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Buyers' market provides choice and price for those looking at resale homes

Calgary's resale housing market continues to be rattled by the sputtering economic engine, growing supply levels, declining sales, mortgage stress
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More homes for sale have price reductions, but the cuts aren't much

The share of homes for sale listed with a price cut hit its highest level since 2014, but the reductions themselves are shrinking, according to Trulia.
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House price falls to continue as new loans dry up

“It's probably a little premature to say that we are at a turning point in lending to that segment of the market. But certainly it was a sizeable drop in
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Real estate transactions to increase in Q4

The domestic real estate market in the fourth quarter of this year is forecast to see the strongest increase in transactions in the year, higher than the
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