News

Stearns to exit bankruptcy with new owner by Ryan Smith
One of the lending giant’s major stakeholders is contributing millions in capital – in return for 100% ownership of the company
Rent-cap bill clears both houses of California legislature by Kimberly Greene
Rent control is soon to become law in sunny California, and although the measure is hailed as a big win for the little guys, not everyone is happy about it

Daily Market Update: Low income families can’t afford even the least expensive homes by MPA
Low income families can’t afford even the least expensive homes…Don’t expect housing market to stay hot says Redfin boss…Commercial and multifamily mortgage originations increase…
Number of underwater borrowers falling by Ryan Smith
The number of borrowers with negative equity is down almost 30% from last year, according to a new report
Where can millennials afford homes? by Ryan Smith
What markets are most affordable for young people?

A big boom can also mean big backups by
When your pipeline doubles because of a drop in rates, remember -- everyone else's doubles too. That can mean big-time backups, and you have to adjust customer expectations
Why we need the next generation in the mortgage industry by
Millennials can bring a lot to the industry -- including influence
No housing boom this year -- bank honcho by Ryan Smith
The head of the nation's largest mortgage lender says that while mortgage demand is rising, there are too many stumbling blocks for a true housing boom this year.