lenders

Average US mortgage rates edge up; 30-year at 4.53 percent

  WASHINGTON/ July 12, 2018 — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages ticked up to 4.53 percent from 4.52 percent a week earlier. Despite the decline in recent weeks, long-term loan rates have … Continue reading Average US mortgage rates edge up; 30-year at 4.53 percent

Genworth Mortgage Insurance Industry Survey: Rising interest rates and alternative mortgage products seen as biggest 2018 market challenges

RICHMOND, Va./ July 11, 2018 (STL.News) — Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), today released the results of its survey of 105 mortgage industry professionals conducted at this year’s Mortgage Bankers Association’s National Secondary Market Conference & Expo in New York City. Notably, 79 percent of respondents cited both … Continue reading Genworth Mortgage Insurance Industry Survey: Rising interest rates and alternative mortgage products seen as biggest 2018 market challenges

Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON/ July 5, 2018  (STL.News)— Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. … Continue reading Average US 30-year mortgage rates fall to 4.52 percent

Lending Experts Launch a New Alternative Lending Platform for Bitcoin and Ethereum

NEW YORK/  (STL.News) June 26, 2018 AltLending Inc. has launched a beta version of its new lending platform that allows companies to use cryptocurrencies as collateral to borrow US dollars. AltLending is a subsidiary of Dominion Capital, a New York City based investment firm. AltLending is currently piloting the beta product with select clients leveraging … Continue reading Lending Experts Launch a New Alternative Lending Platform for Bitcoin and Ethereum

Single-Use Developers Face New Challenges in Today’s Increasingly Mixed-Use World, Write CREModels Executives

ST. PETERSBURG, Fla.,/ June 26, 2018 (STL.News) — Two veteran real estate executives from consultancy CREModels ask a provocative question in a new column for Commercial Property Executive: How can single-use developers of offices, shopping centers or multifamily properties prepare themselves for a mixed-use world?  The national trend toward mixed-use development is undeniable, write Mike … Continue reading Single-Use Developers Face New Challenges in Today’s Increasingly Mixed-Use World, Write CREModels Executives

HouseCanary’s Fourth Quarter Rental Investment Index Reveals Pockets of Opportunity in the Southwest

SAN FRANCISCO/ Jan. 30, 2018 (STLRealEstate.News) — HouseCanary Inc., the leading modern data analytics company for real estate professionals, announced the release of fourth-quarter data for its HouseCanary Rental Investment Index (HCRI Index). The HCRI Index helps single-family rental home investors, lenders, and renters benchmark the health of the single-family for-lease market by individual state, ZIP … Continue reading HouseCanary’s Fourth Quarter Rental Investment Index Reveals Pockets of Opportunity in the Southwest

American Homeowner Preservation 2015A+ Temporarily Suspends Sales in 2015A+ Fund

CHICAGO/ August 15, 2017 (PRN) (StlRealEstate.News) — American Homeowner Preservation 2015A+ LLC (“AHP”) announced that they have temporarily suspended accepting new investments due to an influx of investments as well as the recent purchase of 1,281 new mortgages. The fund recently acquired two large mortgage pools, one consisting of 799 non-performing mortgages from the bankruptcy estate … Continue reading American Homeowner Preservation 2015A+ Temporarily Suspends Sales in 2015A+ Fund

Liz Weston: Black marks fall off credit reports in July

June 26, 2017 (AP) (StlRealEstate.News) Starting July 1, the credit scores of up to 14 million people could begin to rise as credit reports are scrubbed of nearly all civil judgments and many tax liens. Consumer advocates hail the data’s deletion as a long-overdue victory for people whose scores were unfairly dinged by inaccurate information. … Continue reading Liz Weston: Black marks fall off credit reports in July