"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
Starwood Property Trust, an international real estate investor and financier, has originated a $140m loan on a mixed-use commercial building in San Francisco
Detroit constitutes the biggest municipal bankruptcy in US history. What will the move mean for the beleaguered city's housing market?
A major lender will outsource the servicing of its defaulted loan portfolio to cut costs, with up to 300 jobs "impacted" as a result
Lenders may be easing up on underwriting standards as the proportion of loans with FICO scores below 700 has risen dramatically
A Fed governor has claimed compliance and enforcement are key in preventing asset bubbles like the one that exacerbated the housing crisis
Seven Michigan originators have been arrested over allegations of submitting fraudulent loan applications