Hancock Tower Sells at About Half Price to Normandy
Bloomberg
Mezzanine loans are intended to make up the gap between a first mortgage and the borrower’s equity. Unlike a mortgage, where the bank has a lien on the actual property, a mezzanine loan is secured by a pledge of equity ownership in the borrowing entity …
Commentary on the CMBS market Housing Wire
Hancock Tower for Sale to Highest Bidder Bostonist
Boston's Hancock Tower sells at nearly half price Forbes
Bloomberg
all 293 news articles

Pa. suit targets mortgage disability insurance
Chicago Tribune, United States
The couple claims they were told the insurance would cover 10 years of mortgage payments should the policy holder become disabled. The loan required the couple to make biweekly payments of $238 for 15 years. They made the payments on their own until …

Program could help thaw out mortgage lending
Detroit Free Press, United States
Oh, some banks will tell you they're making mortgage loans in Detroit. But read the fine print and you'll find that down payments of 30% or more are needed, even for borrowers with impeccable credit history. Compounding the problem is that virtually …

Mitchell: Low 'teaser' mortgage rates entice, but beware
Salt Lake Tribune, United States
By Lesley Mitchell As new-home construction continues in the Salt Lake Valley, homebuyers are being offered so-called teaser loans, tax credits and other incentives to attract them into the market. The low "teaser" mortgage rates are back. …

Mortgage Originations May Double to $3.1 Trillion
Bloomberg
Mortgage lenders may have the ability to process about $2.1 trillion in new loans this year, down from peak capacity of $4.35 trillion in 2003, according to the report. The industry’s traditional source of funding new loans, through warehouse credit …
Video: Mortgage Rates At Record Low KSBW
Mortgage rates at record low, Silicon Valley refinancing … San Jose Mercury News
30-year loan rates hit record low 4.85 percent San Francisco Chronicle
USA Today - Mortgage Foundation
all 529 news articles

Commercial Mortgage Bonds Big Winner In Credit Markets
Wall Street Journal
On Monday, the Treasury announced that investors can get loans to purchase commercial mortgage bonds through its public-private investment programs. Since then both cash bonds and derivative index, which had widened to their weakest levels in February …
RPT-US programs seen too late to stem foreclosure wave Reuters
Commercial Real Estate Loan Delinquencies: The Role of 'Maturity … istockAnalyst.com (press release)
Commercial real estate loan defaults skyrocket International Herald Tribune
The Business Insider - MarketWatch (press release)
all 38 news articles

Mortgage rates at record low, Silicon Valley refinancing …
San Jose Mercury News,  USA
The national average interest rate for 30-year home loans fell to just 4.85 percent this week from 4.98 percent last week, Freddie Mac said Thursday. That's the lowest ever recorded by the government-backed mortgage financing company, whose data goes …
Video: Mortgage Rates At Record Low KSBW
30-year loan rates hit record low 4.85 percent San Francisco Chronicle
US mortgage rates drop to new low - Freddie Mac Reuters
Sacramento Bee - Kansas City Business Journal
all 505 news articles

Mortgage Originations May Double to $3.1 Trillion
Bloomberg
Mortgage lenders may have the ability to process about $2.1 trillion in new loans this year, down from peak capacity of $4.35 trillion in 2003, according to the report. The industry’s traditional source of funding new loans, through warehouse credit …
Creaking Floor Under House Prices Wall Street Journal
First-timers worry about jobs, credit Inman.com
Mortgage Bankers Association revises originations estimate Bizjournals.com
Lawrence Journal World - National Review Online Blogs
all 36 news articles

Obama Names Head for FHA
New York Times, United States
The housing agency allows borrowers to take out home loans with a down payments as low as 3.5 percent, compared with 20 percent for a typical loan not requiring mortgage insurance. Mr. Stevens, who would be assistant secretary at the Department of …
Obama nominates federal housing commissioner Forbes
Obama to Appoint Mortgage Executive to Head FHA Wall Street Journal
Local Realty Executive to Direct FHA Washington Post
MarketWatch - Seattle Post Intelligencer
all 171 news articles

LendingTree Continues Support for Lender Exchange With Leading …
FOXBusiness
Since inception, LendingTree has facilitated more than 25 million loan requests and $185 billion in closed loan transactions. LendingTree provides access to lenders offering mortgage home loans, mortgage refinance loans, home equity loans/lines of …