Rural loans make up a small percentage of the nation’s origination business, and JPMorgan Chase is no different. In light of how small this percentage is, Chase Mortgage made the choice to sell its rural housing business to Freedom Mortgage
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The Department of Housing and Urban Development released its revised guidance, addressing how landlords who have blanket bans on renting to people with criminal records are in violation of the Fair Housing Act and can be sued.
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A new mortgage bond from JPMorgan Chase Bank is not only one of the largest RMBS deals since the housing crisis, the $1.88 billion residential mortgage-backed securitization is also the first RMBS deal that qualifies for the Federal Deposit Insurance Corporation’s Safe Harbor rule, which took effect in 2010.
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Ditech Financial, a subsidiary of Walter Investment Management Corp., announced the addition of Steve Stein as the head of consumer lending. Stein is tasked with leading the consumer lending division’s originations goals by developing plans for long-term profitable growth and increased levels of customer satisfaction.
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The Panama Papers, a cache of 11 million internal finance documents, impacts you, and it impacts housing. Dubbed by Edward Snowden as “the biggest leak in the history of data journalism,” the #PanamaPapers investigation is far from over. For now, this is how it all began and what we know.
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There is already a huge gap when it comes to income as well as finding a place to stay in California, especially in Los Angeles. In the city, instead of helping low income families, investors are demolishing rent-controlled buildings in favor of luxury homes.
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Although many people associate urban living and luxury apartments with single Millennials, another generation is taking over the scene. More than half of the rental population growth stems from Baby Boomers.
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