Tag: Wall Street

The Role of Mortgage Lenders in the Homebuying Process

'US Lawmakers Mull Banning Wall Street From Buying up Single-Family Homes Amid Housing Crisis

A bill sponsored by Democrats in the House and Senate would require Wall Street hedge funds to sell all single-family homes they own over a 10-year period.

'Bank's Losses Increase in Commercial Real Estate

The fourth quarter CRE loss rates, which is the annualized charges as a percentage of average loan balances, is now being reviewed by regulators recently. This is part of the oversight on financial institutions' activities that are related to commercial real estate loans. The oversight was instituted to prevent the market crash recently experienced by the real estate market.

'Mortgage Applications: 3.3% Drop Following Volatile Interest Rates

Markets finally settled last week after several months of volatile interest rates. However, that did not help the mortgage business. Overall mortgage application volume dropped 3.3 percent on seasonally adjusted data last week compared to previous weeks.