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Bank failures changed Fed's course on rates, but in an unexpected way

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve Chairman Jerome Powell spoke Wednesday during a news conference following a Federal Open Market Committee meeting in Washington,,.. Read More;

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Powell stresses commitment to cooling prices as Fed hikes rates

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come,.. Read More;

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The top 10 mortgage lenders in 2022 according to HMDA data

National Mortgage
Mortgage Finance
3 years ago

Depositories gained ground in single-family lending during 2022 based on loan count, according to Polygon Research's analysis of the latest,.. Read More;

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Down payment size down 10% from last year

National Mortgage
Mortgage Finance
3 years ago

The typical home purchaser is putting 10% fewer dollars down as the market slows and  reduced competition shifts dynamics, Redfin,.. Read More;

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Fed's rate decision is seen adding to mortgage bonds' pain

National Mortgage
Mortgage Finance
3 years ago

Mortgage bonds have been hit in recent weeks by the regional bank crisis, and the Federal Reserve has the potential,.. Read More;

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AnnieMac acquired Family First Funding

National Mortgage
Mortgage Finance
3 years ago

AnnieMac Home Mortgage, a Mount Laurel, N.J.-based nonbank lender, has apparently acquired another firm headquartered in the state, Family First,.. Read More;

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PacWest says it tapped Atlas cash after 20% deposit outflows

National Mortgage
Mortgage Finance
3 years ago

PacWest Bancorp says it's abandoning a push to raise capital, citing market volatility.Eric Thayer/Bloomberg PacWest Bancorp said it,.. Read More;

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Mortgage activity is up for the third straight week

National Mortgage
Mortgage Finance
3 years ago

Mortgage applications came in higher again last week, as more consumers took advantage of another pullback in mortgage rates, according,.. Read More;

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Former Nationstar exec joins BSI Financial as COO

National Mortgage
Mortgage Finance
3 years ago

An industry veteran who was at one point was president and chief operating officer at Nationstar Mortgage prior to its,.. Read More;

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Turmoil in banking industry has had little impact on lending, LOs say

National Mortgage
Mortgage Finance
3 years ago

The turmoil in the banking sector, which saw midtier Silicon Valley Bank and Signature Bank implode, has resulted in borrower,.. Read More;

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First Republic rescue may rely on U.S. backing to facilitate deal

National Mortgage
Mortgage Finance
3 years ago

The government could play a role in lifting assets out of First Republic that have eroded its balance sheet, sources,.. Read More;

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Mortgage reperformance bearing up, other consumer debt woes rising

National Mortgage
Mortgage Finance
3 years ago

Most distressed mortgages emerged from workouts intact in February but the chargeoff rates for auto loans and credit cards are,.. Read More;

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