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PennyMac profits in tough market, but by less than in recent quarters

National Mortgage
Mortgage Finance
3 years ago

PennyMac Financial reported a profit for the fourth quarter due to strong servicing results but its net income was weaker,.. Read More;

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Meet the new banking lawmakers

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — Both the Senate Banking Committee and the House Financial Services Committee have officially named their members, including several,.. Read More;

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Wells Fargo cuts 140 positions from correspondent lending team

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo handed 140 pink slips to employees in its Springfield, Illinois office in mid- January, according to a Worker,.. Read More;

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ICE Mortgage Technology sees 4Q loss, but recurring revenue gains

National Mortgage
Mortgage Finance
3 years ago

Intercontinental Exchange's mortgage technology unit posted a fourth-quarter loss, but reported strength in sales of its Encompass loan-origination software and,.. Read More;

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With FOMC hike baked in, mortgage rates sink

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates moved down another four basis points this week, as the markets anticipated the 25 basis point increase the,.. Read More;

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Fannie Mae adding timing restriction for cash-out refis in April

National Mortgage
Mortgage Finance
3 years ago

Government-sponsored enterprise Fannie Mae has added a new timing restriction for cash-out refinances that will become mandatory on April 1,.. Read More;

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Essent buying title insurance companies for $100M

National Mortgage
Mortgage Finance
3 years ago

Essent Group agreed to purchase the title insurance subsidiaries of Finance of America's Incenter business for $100 million, the latest,.. Read More;

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Powell to Congress: Fed can't protect economy from U.S. debt default

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — Federal Reserve Chair Jerome Powell delivered a clear message to Congress on Wednesday afternoon: raise the debt ceiling,.. Read More;

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Senate Democrats ask FHFA to review nonperforming loan programs

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — A group of Senate Banking Democratic lawmakers  asked the Federal Housing Finance Agency to review Fannie Mae and,.. Read More;

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Rocket Mortgage loans now offered to a community bank's customers

National Mortgage
Mortgage Finance
3 years ago

Nashville, Tennessee-based Fourth Capital Bank integrated Rocket Mortgage's digital loan application process onto its digital banking platform, the companies announced,.. Read More;

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Homeowner Assistance Fund applications paused in Pennsylvania

National Mortgage
Mortgage Finance
3 years ago

The Pennsylvania Housing Finance Agency has put new applications for the state's Homeowner Assistance Fund program on hold so it,.. Read More;

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Fed slows rate hikes, signals further increases are coming

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials,.. Read More;

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