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Housing market is tilting in favor of buyers, Redfin says

National Mortgage
Mortgage Finance
4 years ago

The current housing market appears to be tilting slightly more in the favor of buyers, marking a reversal of last,.. Read More;

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Slammed with poaching suits, CrossCountry Mortgage drops its own

National Mortgage
Mortgage Finance
4 years ago

CrossCountry Mortgage is dropping its attack and playing defense in a series of poaching lawsuits with three competitors in federal,.. Read More;

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Should FHFA buck tradition when setting 2023 conforming loan limits?

National Mortgage
Mortgage Finance
4 years ago

On November 30, 2021 the Federal Housing Finance Agency announced the conforming loan limits (CLLs) for mortgages acquired by government-sponsored,.. Read More;

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Impac's losses in 2Q grow as volume, margins drop

National Mortgage
Mortgage Finance
4 years ago

Losses widened at Impac Mortgage Holdings as the ongoing secondary market dislocation and a competitive landscape curtailed origination activities.Impac lost,.. Read More;

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Fitch downgrades PacWest, citing 'deterioration' of key capital ratio

National Mortgage
Mortgage Finance
4 years ago

The credit rating agency Fitch Ratings has downgraded PacWest Bancorp and its banking subsidiary, Pacific Western Bank, citing the company's,.. Read More;

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CFPB to crack down on financial firms' protection of consumer data

National Mortgage
Mortgage Finance
4 years ago

Financial companies that don't protect consumer data may violate federal consumer protection law, a federal agency said. The Consumer Financial Protection,.. Read More;

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The snowballing U.S. rental crisis is sparing nowhere and no one

National Mortgage
Mortgage Finance
4 years ago

Rental costs in the U.S. are soaring at the fastest pace in more than three decades, surpassing a median of $2,000 a month for,.. Read More;

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Home Point slips into the red as price war intensifies

National Mortgage
Mortgage Finance
4 years ago

Home Point Capital on Thursday recorded a second-quarter loss as it struggled with a challenging origination market that was particularly,.. Read More;

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Fannie, Freddie both pass 2022 stress test despite misalignment on risk rating

National Mortgage
Mortgage Finance
4 years ago

Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion,.. Read More;

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Celebrity Home Loans drops correspondent business

National Mortgage
Mortgage Finance
4 years ago

Celebrity Home Loans has closed its correspondent mortgage channel, according to published reports and a LinkedIn post from a company,.. Read More;

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Mortgage rates surge again, jumping above 5%

National Mortgage
Mortgage Finance
4 years ago

In one of the most unpredictable periods for mortgage rates in recent history, the 30-year average took a 23 basis-point,.. Read More;

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Angel Oak Capital fined for misleading investors

National Mortgage
Mortgage Finance
4 years ago

The Securities and Exchange Commission has fined Angel Oak Capital Advisors $1.75 million, and its portfolio manager, Ashish Negandhi $75,000,.. Read More;

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