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About a year ago, I predicted that the 30-year fixed would fall to 5.875% by the fourth quarter of 2025.It didn’t quite get there, at least when speaking of national averages, but it got pretty close.Depending on the gauge you use, the 30-year fixed is averaging roughly ~6.20% nationally.That’s pretty...
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Houses stand in this aerial photograph taken near Mountain View, California, U.S., on Wednesday, Oct. 23, 2019. Facebook Inc. is following other tech titans like Microsoft Corp. and Google, pledging to use its deep pockets to ease the affordable housing shortage in West Coast cities. The social media giant said...
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A mortgage loan originator has settled a coordination action brought by 21 states which permanently bars him from working in the industry in 19 of those.Processing ContentPatrick Terrance Donlon, worked for Trusted American Mortgage, disputed the findings but settled the "regulatory concerns without the time, expense, and uncertainty of contesting...
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A $130 million loan tied to Midtown Manhattan properties is at the center of a lawsuit that accuses a firm hired to ensure the debt is repaid of self-serving tactics.Processing ContentRialto Capital, tasked with overseeing the loan on behalf of investors, allegedly engineered a way to keep it in default...
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