#Mortgage Lending

Hawai’i Community Lending (HCL), a nonprofit mortgage lender, announced the date for its second annual Hui Waiwai, to be held at the Bishop Museum in Honolulu on Thursday, Jan. 22, from 5 to 8 p.m. Tickets and sponsorships are now available for this inspirational event celebrating HCL’s accomplishments from the past year and looking ahead to next year, as HCL furthers its goal to solve Hawai‘i’s housing crisis.

Hawaii is one of 49 states that agreed to a $25 billion settlement with the nations 5 largest mortgage lenders, according to the US Dept. of Justice on Thursday.

Hawaii, by far, leads the nation with an average home loan amount of $677,299, according to data released by LendingTree.com.

Wells Fargo Bank submitted the highest bid today at the court-ordered public foreclosure auction of the Makena Beach & Golf Resort.  Wells Fargo Bank is the trustee for the mortgage lending trust that foreclosed on the property last year. It’s bid was for $55 million. The lending trust is owed more than $192.5 million in […]