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What IMB advocates want in the year ahead

National Mortgage
Mortgage Finance
2 years ago

As 2023 ended, independent mortgage banks could be forgiven for saying "good riddance."  Last year accelerated a trend of skyrocketing mortgage,.. Read More;

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Citi to cut 20,000 roles in Fraser's bid to boost returns

National Mortgage
Mortgage Finance
2 years ago

The logo of Citigroup Inc. at the entrance to the bank's office in Paris, France, on Monday, Feb. 27, 2023.,.. Read More;

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FTC sending funds to consumers affected by loan mod scam

National Mortgage
Mortgage Finance
2 years ago

Certain consumers that lost money due to deceptive loan-modification practices will be getting some relief, according to the Federal Trade,.. Read More;

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Housing veteran will lead two key California treasurer committees

National Mortgage
Mortgage Finance
2 years ago

Marina Wiant has been appointed by State Treasurer Fiona Ma to replace Nancee Robles as executive director of the California,.. Read More;

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CFPB issues advisories surrounding background checks

National Mortgage
Mortgage Finance
2 years ago

The Consumer Financial Protection Bureau issued new advisories addressing inaccurate background checks and credit reporting on Thursday, in part aimed,.. Read More;

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New York Fed president says central bank not close to ending QT

National Mortgage
Mortgage Finance
2 years ago

John Williams, president of the Federal Reserve Bank of New York, said in a speech Wednesday that he doesn't expect,.. Read More;

post

Mortgage rates up following inflation report

National Mortgage
Mortgage Finance
2 years ago

For the second consecutive week, mortgage rates moved up, this time by 4 basis points, as the awaited consumer price,.. Read More;

post

US inflation accelerates, tempering case for Fed to cut rates

National Mortgage
Mortgage Finance
2 years ago

US inflation accelerated in December as Americans paid more for housing and driving, challenging investor bets that the Federal Reserve,.. Read More;

post

There's finally hope for the office real estate market

National Mortgage
Mortgage Finance
2 years ago

Soaring borrowing costs and plunging prices walloped the global commercial-property market last year. Now, more clarity around values and an,.. Read More;

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OBX prepares to issue $413.6 million in non-QM deal

National Mortgage
Mortgage Finance
2 years ago

Onslow Bay Financial is preparing to sponsor a $413.6 million residential mortgage-backed securitization, secured mostly by revenues from fixed-rate, non-qualified,.. Read More;

post

United Wholesale Mortgage, Pennymac downgraded by KBW

National Mortgage
Mortgage Finance
2 years ago

Keefe, Bruyette & Woods has downgraded both UWM Holdings and Pennymac Financial Services, both based on their current valuation in,.. Read More;

post

Attorneys for Sprout in one suit withdraw, allege nonpayment

National Mortgage
Mortgage Finance
2 years ago

Lawyers for failed lender Sprout Mortgage have withdrawn from the firm's employee wage lawsuit, claiming they haven't been paid in,.. Read More;

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