A coalition of 21 affordable housing groups on Wednesday said Fannie Mae and Freddie Mac made important improvements to their plans to offer housing financing in underserved markets, but still have a ways to go. The Underserved Mortgage Markets Coalition, which includes the Center for Community Progress, the National Housing Conference, the National Council of State Housing […more]
Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. Are we really doing those types of loans and […more]
Verification provider Xactus and income and employment data solution firm Truv teamed up to court more mortgage lenders that will speed up the mortgage approval process. Xacuts’ current verification capabilities will be augmented with Truv’s income and employment data, Truv, formerly known as Citadel API, said. The firm expects the partnership to allow mortgage lenders […more]
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Actors Danny DeVito and Rhea Perlman are asking $1.55 million for their three-story house on a hill in Mt. Washington.
Cleveland-based KeyBank, a mortgage lender and servicer with $187 billion in assets, is facing a lawsuit filed in federal court in Ohio stemming from a recent data breach that compromised its customers personal information, including social security numbers. The litigation, which seeks class-action status, alleges that a KeyBank vendor, Kennesaw, Georgia-based Overby-Seawell Co. (OSC), was the target of […more]
The West Side neighborhood once known as the printing district is now the site of lots of new development. But housing is still slightly less expensive than in nearby areas.