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Even cherry-picked office loans are causing problems for banks

National Mortgage
Mortgage Finance
2 years ago

Despite strong deal metrics, a recently booked loan involving a Boston office building has lead to headaches for Westerly, Rhode,.. Read More;

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Amazon reports strong results, touts AI initiatives

National Mortgage
Mortgage Finance
2 years ago

Sales in Amazon's Web Services division improved 12% to $23.1 billion in the third quarter, the company said on Thursday,,.. Read More;

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Latest title company to settle no-poach case gets largest fine

National Mortgage
Mortgage Finance
2 years ago

First American Financial became the last of the big four title insurance underwriters to settle allegations over employment practices with,.. Read More;

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Pennymac reports correspondent gains due to bank proposal

National Mortgage
Mortgage Finance
2 years ago

While proposed capital rules for banks with assets of $100 billion or more have raised concerns for some nondepositories in,.. Read More;

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All-cash home purchases are on an upward trend

National Mortgage
Mortgage Finance
2 years ago

With existing inventory scarce, all-cash purchases are rising, with a notable bump occurring in the new-home market, according to third-quarter,.. Read More;

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Core inflation prices jump most in four months as spending picks up

National Mortgage
Mortgage Finance
2 years ago

Consumer spending has maintained its elevated levels as inflation remains elevated heading into the fourth quarter, according to data released,.. Read More;

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FHFA did not document reviews of desktop appraisals, inspector finds

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Finance Agency did not document its reviews of desktop appraisal reports, which makes it difficult to determine,.. Read More;

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Rithm wins Dan Och's support for Sculptor bid at $720 million

National Mortgage
Mortgage Finance
2 years ago

Sculptor Capital Management Inc. said that major shareholder and founder Dan Och and his group have agreed to a sweetened,.. Read More;

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Hometown Lenders faces cease and desist, $1M in unpaid taxes

National Mortgage
Mortgage Finance
2 years ago

Hometown Lenders' financial wherewithal has once more come into question after documents revealed it hasn't paid taxes to the government,.. Read More;

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Rithm Capital hints at another acquisition

National Mortgage
Mortgage Finance
2 years ago

As other acquisitions are pending, Rithm Capital hinted at a new deal to come by year's end as it aims,.. Read More;

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Rising mortgage rates move the needle on home shortage

National Mortgage
Mortgage Finance
2 years ago

For the first time in about 15 months, the number of homes listed for sale increased on an annual basis,.. Read More;

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Office loans are the snag in a strong quarter for New York Community

National Mortgage
Mortgage Finance
2 years ago

New York Community Bancorp, the parent company of Flagstar Bank, reported a larger provision for credit losses in the third,.. Read More;

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