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Non-QM stayed strong in 1H, but the road ahead could be bumpy

National Mortgage
Mortgage Finance
4 years ago

Capital market volatility in the first half of 2022 did not affect the performance of non-qualified mortgage securitizations, but investors,.. Read More;

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Biggest U.S. banks beef up workforces even with recession looming

National Mortgage
Mortgage Finance
4 years ago

Even amid the tightest labor market in half a century and fears of a recession on the horizon, banks are,.. Read More;

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Black U.S. households face higher inflation, Richmond Fed says

National Mortgage
Mortgage Finance
4 years ago

Black U.S. households have consistently experienced higher inflation rates than their white peers since the Great Recession, according to a new,.. Read More;

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Premium cut needed to counter tough housing market: CMLA

National Mortgage
Mortgage Finance
4 years ago

Higher home prices and rising interest rates support the need for a Federal Housing Administration mortgage insurance premium reduction, members,.. Read More;

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More Wells layoffs, LoanDepot cuts, Better's SEC probe and more mortgage news you may have missed

National Mortgage
Mortgage Finance
4 years ago

Also: LendingTree denies it’s the source of a data breach affecting 200,000,.. Read More;

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More Wells Fargo mortgage layoffs are likely, executives say

National Mortgage
Mortgage Finance
4 years ago

Layoffs in Wells Fargo’s mortgage division will likely continue over the next few months as rising interest rates erode the,.. Read More;

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Housing permits down, sale inventory up in reversal from early 2022

National Mortgage
Mortgage Finance
4 years ago

While single-family permit issuance ran ahead of last year’s pace in the first quarter, it is now coming in below,.. Read More;

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Margins shrink more than expected at large banks

National Mortgage
Mortgage Finance
4 years ago

Gain on sale margins at four large banks saw a steep drop from the first quarter to the second, surpassing,.. Read More;

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LoanDepot slams CrossCountry in poaching suit

National Mortgage
Mortgage Finance
4 years ago

LoanDepot is suing CrossCountry Mortgage for raiding its New York workforce, slamming the lender for its alleged history of poaching,.. Read More;

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FHA promises updates to its renovation programs

National Mortgage
Mortgage Finance
4 years ago

As part of its plans to address the housing shortage, the Federal Housing Administration is planning to revamp its Section,.. Read More;

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Wells Fargo misses estimates on mortgages, reserves

National Mortgage
Mortgage Finance
4 years ago

Wells Fargo missed analysts’ earnings estimates as home lending slowed and the bank set aside more than expected for potentially,.. Read More;

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Loan growth at First Republic is robust. Can deposits keep pace?

National Mortgage
Mortgage Finance
4 years ago

First Republic Bank is facing questions about whether deposits, which offer a low-cost way to fund its flagship mortgage business,,.. Read More;

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