Banks Construction FHA loan Loans 
Housing Wire
AUGUST 31, 2023
NexTier , the holding company of NexTier Bank , will acquire Mars Bancorp , the holding company of Mars Bank. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6
Housing Wire
APRIL 9, 2024
With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.
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Housing Wire
MAY 14, 2024
With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.
Housing Wire
SEPTEMBER 22, 2023
While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. Production is in a recession. So they go from 7.5%
Realty Biz
JULY 20, 2022
For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%.
Housing Wire
JANUARY 31, 2023
Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.
Realty Biz
JANUARY 4, 2024
Appraisers may work independently or for appraisal firms, insurance companies, banks, or government agencies. Furthermore, they inspect the state of the property, which includes the caliber of construction materials and any required repairs or enhancements. For example, the appraiser must look at health and safety with an FHA loan.
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