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New American buying certain Draper and Kramer assets

National Mortgage
Mortgage Finance
2 years ago

New American Funding has signed a letter of intent to buy the single-family mortgage financing operations and staff from Chicago-based,.. Read More;

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Mortgage application activity cools for first time in 2024

National Mortgage
Mortgage Finance
2 years ago

New loan application activity decreased for the first time this year, as declining purchases offset an uptick in refinances, according,.. Read More;

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UWM gives brokers 100 basis points for rate-and-term refis

National Mortgage
Mortgage Finance
2 years ago

United Wholesale Mortgage wants its broker partners to get a head start on the next wave of refinances.The wholesale giant,.. Read More;

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FOMC leaves rates unchanged, drops tightening language

National Mortgage
Mortgage Finance
2 years ago

The Federal Open Market Committee left the fed funds rate unchanged Wednesday, disappointing public officials advocating for a quick start,.. Read More;

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New York Community's shares sink 35% amid real estate stress

National Mortgage
Mortgage Finance
2 years ago

New York Community Bancorp issued a warning Wednesday about "weakness in the office sector" and the potential that its flagship,.. Read More;

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NVR sees profits thanks to homebuilder tailwinds

National Mortgage
Mortgage Finance
2 years ago

Construction tailwinds pushed NVR, Inc. to solid profits last year, with the mortgage banking unit seeing accelerated gains to end,.. Read More;

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FHFA, AIME, Cenlar add, promote new leaders

National Mortgage
Mortgage Finance
2 years ago

Also, nonbanks make a noticeable push in the wholesale space, Citizens Bank alums find new homes, Ranieri Solutions names new,.. Read More;

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New York AG sues Citibank over allegedly lax defenses against fraud

National Mortgage
Mortgage Finance
2 years ago

In response to the New York Attorney General's lawsuit, a Citi spokesperson said that banks don't have to fully reimburse,.. Read More;

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Two plead guilty to housing assistance fraud during pandemic

National Mortgage
Mortgage Finance
2 years ago

Two North Carolina residents entered guilty pleas to fraud charges in a case involving misuse of money set aside for,.. Read More;

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Mr. Cooper's stock hits all-time high on $1B debt issuance

National Mortgage
Mortgage Finance
2 years ago

Mr. Cooper has priced a $1 billion debt offering a day after it released preliminary fourth quarter results of pretax,.. Read More;

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Two Harbors takes net loss, adding origination for retention

National Mortgage
Mortgage Finance
2 years ago

Two Harbors Investment Corp. announced it's starting an origination unit to balance out its new role as a servicer after,.. Read More;

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Home-price growth slows as high rates squeeze demand

National Mortgage
Mortgage Finance
2 years ago

Home-price growth in the U.S. decelerated in November as high mortgage rates weighed on potential buyers. A national gauge of prices,.. Read More;

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