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Heritage Plaza Architect Files For Bankruptcy, Property He Developed Goes To Special Servicer – The special servicer, Midland Loan Services, found that the borrower secured a second mortgage. in Houston remains a concern for investors due to citywide oversupply and high vacancy. Last month,
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Mortgage rates fall, potentially helping home sales – But in November, as mortgage rates began to moderate, Houston-area home sales rose to outstrip the. In the meantime, McBride recommended borrowers compare lenders to find the lowest rates possible..
Mortgage lenders face mass foreclosures due to extreme weather in under-insured areas – But Delgado says Harvey’s impact on Houston should serve a warning to mortgage lenders in the rest of the nation, because many of the damaged homes in the Houston area were located outside of FEMA.