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A troubled home is sold on the North Side
A troubled home is sold on the North Side The surrounding Jordan community hosts more vacant homes than any other neighborhood in Minneapolis, and here a vacant home typically means an investor is its only way out. Even as the housing It was auctioned off to the lender for $80,000, who

U.S. Bank looking forward to '14
U.S. Bank looking forward to '14 The bank's utilization rate on credit lines remains historically low. The Minneapolis-based lender, fighting to offset a steep decline in mortgage banking activity, grew profits 2.5 percent in the fourth quarter to $1.46 billion, or 76 cents a share

Real estate market sees recovery, Edina Realty reports
For the 14th year running, Edina Realty reported it led the market in both traditional home sales and lender-mediated sales with 20 percent market share in the 13-county Twin City metro area. Last year, Edina Realty handled more than 35,000 pending

Quicken Loans, Warren Buffett team up to offer $1 billion for perfect college ...
Quicken Loans, Warren Buffett team up to offer $1 billion for perfect college ... The Detroit-based mortgage lender says any qualified entrant who correctly predicts the winners of every game in the tournament will be paid in 40 annual installments of $25 million. A winner also can elect to receive an immediate $500 million lump-sum 

Mortgage Lender Minneapolis MN | (612) 354-4606 Mortgage Lender Minneapolis MN (612) 354-4606 MN Loan Advisor helps Minnesota home buyers find the perfect mortgage, the best ...

Homebuilding Report Shows Mixed Results in May Homebuilding Report Shows Mixed Results in May

Construction of new single-family homes in the Twin Cities continued a downward trend in May.

According to the Keystone Report for Housing First Minnesota, single-family home construction in May fell 3 percent year over year. That marks four consecutive months of year-over-year declines.

The report tabulated building permits in the Twin Cities’ 13-county region. For the month of May, there were 637 permits issued for single-family homes. Permits for multifamily homes appear to be on the rise, though. Permits for larger projects in Minneapolis and Minnetonka brought the number of multifamily units up to 1,306, marking a “significant increase” over the same month last year.

In a statement, Housing First Minnesota president John Rask says recent weather conditions and continued affordability issues are “having an impact” on the housing market.

David Arbit, director of research and economics at the Minneapolis Area Association of Realtors (MAAR), says the factors holding back construction of new homes are “abundantly clear:” lots, labor, lending, and lumber.

Joseph Grimes Joines Blue Water Advisory Board

Blue Water Financial Technologies LLC (Blue Water), the Minneapolis-based provider of asset valuation, MSR distribution, MSR hedging, and electronic solutions to mortgage lenders, has announced the appointment of Joseph A. Grimes III as Senior Advisor.

Grimes will join Blue Water's Advisory Board led by Nicholas Smith, Founder and CEO of Rice Park Capital Management (RPC), Jeff Hilligoss, Senior Advisor to RPC and CEO of Upper Bound, and Brad Farrell, Senior Advisor to RPC and former CFO of Two Harbors Investment Corp.

“Joe brings a strong grasp of counterparty risk and vast experience in structured mortgage servicing and capital markets transactions. Blue Water is configuring itself to bring unique mortgage servicing technology and service solutions to the market and an expansive product set to its clients. Joe’s experiences will assist Blue Water in executing this vision. I’m truly excited to have him engaged with our Advisory Board,” said Alan Qureshi, Managing Partner at Blue Water.

I want to know where to get a list of reverse mortgage lender in Minneapolis area with address, name, phone et

Hello Frankie,

Here's where you want to . This is the website for the National Reverse Mortgage Lenders Association (NRMLA).

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