Fannie Mae announced late last week it would provide a $26 million low-income housing tax credit equity investment to facilitate the construction of Far Rockaway Village, a 457-unit residential development in Queens, New York. Fannie will back the project through The Richman Group Affordable Housing Corporation, a Fannie LIHTC fund partner. ...

One think tank is encouraging buyers of manufactured homes to choose mortgages over chattel loans to make the transaction more affordable while potentially increasing supply and demand. While most manufactured home buyers choose the more expensive chattel financing – where the loan is based on the property not the land, the Urban Institute said a good number of these buyers would actually qualify for a mortgage.

The top six ARM lenders are all commercial banks, led by Bank of America…

Brace yourself, new mortgage employment figures will be released Friday morning…

Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…

Seterus is owned by IBM, but the vendor doesn’t even mention the ownership link to ‘Big Blue’ in the “About Us” section of its website…

Among all IO originators, First Republic Bank ranked first with $1.54 billion…

TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.”

The three largest holders of first-liens are Wells Fargo, JPMorgan Chase and Bank of America…

Keefe Bruyette & Woods believes new PMIER rules could see the light of day shortly…