The program offers construction financing for the development of new rental properties
California based lender opens new office to serve central time zone
Housing affordability slightly improved…Investors, cash buyers fall in 2014… Borrowing’s getting easier… Home sales and starts slip back in Phoenix…
Many economists are predicting rates to increase soon and some believe the cash borrowers have saved through refinancing will move toward remodeling projects.
Monthly prepayment rate is highest since February 2009 as lenders have been recovering greater gross percentages of unpaid balances through REO liquidations than through short sales.
Ocwen has denied accusations that the company's practices created defaults on $82 billion of home loans and said the allegations are baseless.
The S&P/Case-Shiller Home Price Index points to stability in the housing market as home prices across the country are starting to level out.
U.S. equities jumped 5% in the past three sessions as Fed Chair Janet Yellen said the central bank will likely hold key rates near zero at least through the first quarter, even as the U.S. economy strengthens.