The move comes as a response to anticipated dull market conditions
The two are part of its efforts to minimize taxpayer risk by increasing private capital’s role in the mortgage market
Bridge financing is short-term financing, sometimes referred to as private money or hard money. Bridge loans are typically made by private individuals and not banks, so the interest rates on bridge loans are higher than bank loans.
Both Bank of America and Fannie Mae have had to fork out to meet a conciliation agreement with HUD
It appears as though the US’s largest private mortgage insurer might be on its way to gain more market share
Despite several industry leaders claiming that poor servicing still abounds, a new report has claimed servicers are lifting their game
Brokers’ share of originations is likely to grow as much as 5% in the next three years, an industry executive has said
The governor of Massachusetts has announced an agreement that would commit banks to produce 10,000 loans for first-time homebuyers with lower than median incomes