The program offers construction financing for the development of new rental properties
California based lender opens new office to serve central time zone
The sizable owner of the servicer, which is currently under investigation, is leaving to take on a new venture.
The big news that came from last month's Federal Open Market Committee meeting was the end of its two-year, bond-buying program, but the next step for the regulator is still up in the air.
The housing market continues its slow trend toward historical norms, while analysts wait in anticipation for the release of the latest Fed's meeting minutes. Any strong hints that the Fed may change course at December’s meeting could push rates upward.
The state's housing market is poised for more growth as construction permits are on the rise, a trend that is expected to continue over the next three years.
Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.
Two of the nation's biggest banks have agreed to pay millions to settle a suit over their role as trustees for shoddy mortgage bonds