Jumbo mortgage slowdown forces banks to rethink focus on high-end customers
Jumbo loans - mortgages too large to be sold to Fannie Mae and Freddie Mac - fell by 12 percent by dollar volume last year, according to a new report from the Wall Street Journal. It's a warning sign for banks that pivoted to cater to wealthy borrowers in the wake of the financial crisis.
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Mortgage rates slide to 13-month low, luring Americans back into the housing market
Rates for home loans fell, with no bottom in sight as investors increasingly brace for slowing economic growth.
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Lenders are quietly lowering FICO credit score requirements for mortgages
Getting approved for a mortgage is becoming easier as lenders are loosening their FICO score requirements and raising the ceiling on debt-to-income levels.
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Massachusetts Attorney General Healey reaches $600,000 settlement with real estate company
A property management company has agreed to pay $600,000 to settle allegations that it "systematically discriminated" against minority and low-income applicants and tenants of a Malden apartment complex, Attorney General Maura Healey announced Friday.
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Real-estate report: Foreclosure rates at 19-year low
U.S. foreclosure and mortgage delinquency rates fell at the end of last year to the lowest rate since at least 2000, according to CoreLogic, a real-estate research firm.
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Want to profit from the housing shortage? There's a new ETF for that.
The rent is too damn high and there aren't any houses to buy, but all is not lost. Thanks to a new exchange-traded fund, investors may soon be able to profit from the housing shortage crisis.
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Title searchers play vital role in property transactions
Title searchers are some of the best-informed people around on a county's development history.
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Class action suit could change real-estate commissions
In what could be the most far-reaching antitrust lawsuit for the real estate market in decades, the National Association of Realtors and four of the largest realty companies have been accused of a conspiracy to systematically overcharge home sellers by forcing them to pay commissions to the agents who represent the buyers of their homes.
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New rapid mortgages allow closings in as few as 8 days
LoanDepot is offering what may be the fastest quick-closing mortgage in the race. Their new product, mello smartloan, an end-to-end digital mortgage, offers qualified borrowers a home loan in as few as eight days, a feat that seems almost impossible to long-time players in the real estate industry.
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