Residential

Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders.   The Folsom, Calif.-based lender has hired Diane Cimarusti-Galigher, a former Senior Vice President at BD Holdings, as the Division’s Regional Builder Manager for... Keep Reading....
The national delinquency rate recorded its second year-over-year increase in October due to the impact of Hurricanes Harvey and Irma, according to new data from Black Knight Inc.
The national delinquency rate recorded its second year-over-year increase in October due to the impact of Hurricanes Harvey and Irma, according to new data from Black Knight Inc.   October saw a 2.05 percent year-over-year increase in the total U.S. loan delinquency rate and a 0.94 percent month-... more
The gap between homeowner and appraiser opinions on home values continued to shrink, according to new data from Quicken Loans
The gap between homeowner and appraiser opinions on home values continued to shrink, according to new data from Quicken Loans.   During October, Quicken Loans determined that appraisals were an average of 0.99 percent lower than the homeowners thought they would be on a national scale. This is the... more
The House of Representatives voted 237-189 to pass the 21st Century Flood Reform Act
The House of Representatives voted 237-189 to pass the 21st Century Flood Reform Act, which will reform and reauthorize the National Flood Insurance Program (NFIP) that is set to expire on Dec. 8.   The bill inspired some crossover bipartisan support and opposition: 15 Democrats voted for the bill... more
One of the nation’s most expensive housing markets is the focus of a new plan that would encourage new construction focused on affordability
One of the nation’s most expensive housing markets is the focus of a new plan that would encourage new construction focused on affordability.   According to a Seattle Times report, Mayor Tim Burgess has previewed a plan that was first begun by his predecessor Ed Murray. Under this endeavor, the... more