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Lawsuits against JPMorgan, PNC test banks' liability in wire fraud cases

National Mortgage
Mortgage Finance
3 years ago

Two ongoing lawsuits will test just how responsible big banks are for recent fraud losses and whether their monitoring practices,.. Read More;

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AmeriFirst Financial stopped funding loans in December

National Mortgage
Mortgage Finance
3 years ago

AmeriFirst Financial is closing shop, an executive from the Mesa, Arizona-based company confirmed. Many of its employees are said to,.. Read More;

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Nonbank mortgage employment drops in November

National Mortgage
Mortgage Finance
3 years ago

Although mortgage industry employment continued to slide, the overall jobs picture beat expectations, December data from the Bureau of Labor,.. Read More;

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Former Athas Capital employees finding new homes

National Mortgage
Mortgage Finance
3 years ago

Employees from defunct Athas Capital Group are being actively swept up by other non-qualified mortgage lenders.In recent weeks over a,.. Read More;

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Rocket Pro TPO's new leader on championing broker choice

National Mortgage
Mortgage Finance
3 years ago

In a Jan. 1 reshuffling the mortgage giant also promoted its former wholesale chief to chief revenue officer of Rocket,.. Read More;

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Five trends to watch in fourth-quarter bank earnings

National Mortgage
Mortgage Finance
3 years ago

As the full-year impact of rising interest rates and inflation comes into focus, investors should expect banks to report the,.. Read More;

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MBS will 'bend, not break' from credit woes and a bank retreat

National Mortgage
Mortgage Finance
3 years ago

The latest mortgage-backed securities forecasts suggest 2023 will be another challenging year, but both agency and private bonds may be,.. Read More;

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Multifamily mortgage volume likely to drop 11% in 2023

National Mortgage
Mortgage Finance
3 years ago

Multifamily mortgage originations are expected to fall by 11% year-over-year in 2023 as the entire commercial real estate sector is,.. Read More;

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Mortgage rates rose for a second week, according to Freddie Mac

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates increased for the second week in a row as its movements diverged from the benchmark 10-year Treasury, the,.. Read More;

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Fed's George says rates should stay above 5% well into 2024

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve Bank of Kansas City President Esther George said the central bank should raise its benchmark interest rate above,.. Read More;

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Higher conforming limits move over 2M homes out of jumbo market

National Mortgage
Mortgage Finance
3 years ago

The increase in the conforming loan limits for 2023 pulled over 2 million homes out of the jumbo financing market,,.. Read More;

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Mortgage industry prepares to ride out troubles in 2023

National Mortgage
Mortgage Finance
3 years ago

After its most challenging year in a decade — marked by rounds of layoffs and surging interest rates — most,.. Read More;

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