Nearly half of all Americans financed their home purchases with down payments of less than 20% last year, according to a new analysis by Redfin, Seattle.

ATTOM Data Solutions, Irvine, Calif., released its First-Quarter 2020 U.S. Home Sales Report, which showed home sellers nationwide realized a home price gain of $67,100 on the typical sale, up from $66,264 in the fourth quarter and up from $59,000 a year ago.

While lenders are rightfully reluctant to take over a distressed project, they would still be wise to remain prepared in the event they are left with no other choice. Lenders should consider the following tips in order to remain ready to take over a failing project.

As mortgage lenders shift focus from production to portfolio management in response to COVID-19, industry shifts are occurring alongside the inevitable reallocation of lending operation resources.

On April 14, JPMorgan CEO @JamieDimon indicated his operations were preparing for a “severe recession.” To state that the economic conditions we are living in are precarious and uncertain is almost meaningless. For most living today, we are in unchartered territory.

As a compliance officer, I have always recognized that change is constant, and I accept that fact sometimes grudgingly. While regulatory change generally has ample implementation or lead time, March 2020 has brought a different kind of change; one that is significant, sudden and jarring. These days you can’t just ask who moved your cheese—assuming you could find cheese in the grocery store, that is—you must quickly and effectively adapt to an entirely new normal.

CNBC, Apr. 29, 2020–Diana OlickMortgage applications to buy a home rose last week, but refinance demand fell, causing total application volume to decline by 3.3% for the week, according to ...