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SEC filing of the week: Beeline Holdings eyes $100M in annual...

PROVIDENCE – Beeline Holdings Inc., a financial technology mortgage lender, is projecting $100 million in annual revenue within 24 months, according to its filing...

Average U.S. long-term mortgage rate hits the lowest point in more...

The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate...

GAIA secures $83.8M to refinance East Providence apartment complex

EAST PROVIDENCE – GAIA Real Estate recently secured an $83.8 million refinancing arrangement for Winchester Park & Woods, a 478-unit multifamily apartment community in...
GAME CHANGER: Nicholas Brownell, branch manager for Total Mortgage Service LLC in Newport, says in addition to a lower monthly payment for homeowners, affordable payment structures, such as a 50-year mortgage, could expedite home sales and benefit investors with improved cash flow management over a longer period.
PBN PHOTO/KATE WHITNEY LUCEY

Would 50-year mortgages ease affordability crisis?

The Trump administration has floated the idea of a 50-year mortgage as a way to make homes more affordable at a time of skyrocketing...

Powell faces fresh challenges to Fed independence amid potential rate cuts

WASHINGTON (AP) – Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces...
IMPROVED FORMULA? Joseph Baptista, president of Anchor Financial Mortgage Inc. in Pawtucket, says the Federal Housing Finance Agency’s plan to change the way risk-based fees are applied to home loans seems logical.
PBN PHOTO/­MICHAEL SALERNO

Changes in mortgage fee structure may shake up industry

Charging higher fees to a borrower who makes less money and has more debt has historically been the best way for mortgage lenders to...
LIMITED EFFECT: Stephen Tetzner, vice president of Homestar Mortgage Inc. in Providence, says increased limits on conforming home loans, which feature lowered interest rates and more flexible credit score requirements, will do little to help the high-end market. / PBN PHOTO/MICHAEL SALERNO

Higher conforming loan limits will have varied impact on R.I. housing...

Rhode Island homebuyers are already taking advantage of increased limits on mortgages insured by the Federal Housing Administration and those acquired by Fannie Mae...

Bad start for Fannie, Freddie reforms

This was supposed to be the year the U.S. government would finally address one of the biggest pieces of unfinished business from the 2008...
ROYAL BANK OF SCOTLAND agreed to pay $5.5 billion to settle the second of three major United States mortgage-backed securities probes. / BLOOMBERG FILE PHOTO/LUKE MACGREGOR

RBS to pay $5.5B in FHFA mortgage-bond settlement

NEW YORK - Royal Bank of Scotland Group PLC agreed to pay $5.5 billion to settle the second of three major United States mortgage-backed...
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