New Jersey based real estate agent Revitalize Lincoln Boulevard in Middlesex. The company plans to use the loan to build a new and mixed-use building on 220 and 232 Lincoln Boulevard, provided by the 100 Mile Fund. The new development will include one-bedroom apartments, one-bedroom one-bedroom apartments and about 200 units of two-bedroom apartments. It …
Tag Archives: finance
U.S new home sales decline in April
U.S new single-family house sales declined 11.4 percent in April 2017 to a seasonally adjusted annual rate of 569,00 units last month , according to estimates released jointly Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.4 percent (±10.5 percent) below the revised March rate of 642,000, but is …
U.S mortgage applications decrease in latest MBA weekly survey
Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 12, 2017. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted …
Continue reading “U.S mortgage applications decrease in latest MBA weekly survey”
U.S mortgage rates continue to hold : Freddie Mac
Freddie Mac has released the results of its Primary Mortgage Market Survey showing the 30-year mortgage rate hovering around 4 percent for the fourth consecutive week. 30-year fixed-rate mortgage (FRM) averaged 4.05 percent with an average 0.5 point for the week ending May 11, 2017, up from last week when it averaged 4.02 percent. A …
Continue reading “U.S mortgage rates continue to hold : Freddie Mac”
U.S mortgage delinquency rates at their lowest levels since the fourth quarter of 2007
CoreLogic has released its monthly Loan Performance Insights Report which shows that, nationally, 5 percent of mortgages were delinquent by 30 days or more (including those in foreclosure) in February 2017. This represents a 0.5 percentage point decline in the overall delinquency rate compared with February 2016 when it was 5.5 percent. As of February 2017, …
U.S mortgage applications increase in latest MBA weekly survey
Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association‘s (MBA) Weekly Mortgage Applications Survey for the week ending April 21, 2017. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted …
Continue reading “U.S mortgage applications increase in latest MBA weekly survey”
UK’s LendInvest launches new Pre-Construction Finance product with no exit fees
LendInvest, the leading specialist mortgage lender, has launched a new Pre-Construction Finance product targeted at property professionals seeking to obtain or enhance planning permission. The Pre-Construction product is specially designed to support property investors in the primary stages of their development as they apply for and await planning permission. By offering a loan term of …
Continue reading “UK’s LendInvest launches new Pre-Construction Finance product with no exit fees”
United States sues Barclays Bank, two former executives for mortgage securities fraud
The United States Department of Justice has filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme to sell residential mortgage-backed securities (RMBS) supported by defective and misrepresented mortgage loans. As alleged in …
30-year fixed-rate mortgage rise 4% for first time this year in the U.S
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates moving higher with the average 30-year fixed-rate mortgage topping 4 percent for the first time since 2015. 30-year fixed-rate mortgage (FRM) averaged 4.03 percent with an average 0.5 point for the week ending November 23, 2016, up …
Continue reading “30-year fixed-rate mortgage rise 4% for first time this year in the U.S”
UK Government announces new £18 million fund to accelerate house building
UK Government, by the Housing Minister Gavin Barwell, has announced a new £18 million fund to speed up house building on large sites that will provide thousands of new homes where people want to live. From today councils can bid for a share of the ‘capacity fund’ to tackle planning issues that can cause delay …
Continue reading “UK Government announces new £18 million fund to accelerate house building”