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Growth-hungry banks see opportunity in home renovation boom

National Mortgage
Mortgage Finance
4 years ago

As Americans continue to spend big on home improvement projects, banks are seizing the opportunity — both by embracing organic,.. Read More;

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Fannie Mae prices first credit risk transfer deal since pandemic

National Mortgage
Mortgage Finance
4 years ago

Government-sponsored enterprise Fannie Mae, fulfilling a promise made last month, priced its first structured single-family credit risk transfer since the,.. Read More;

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Former San Francisco officials face mortgage fraud allegations

National Mortgage
Mortgage Finance
4 years ago

Former San Francisco Public Utilities Commission head Harlan Kelly is facing new federal charges of bank fraud and conspiracy to,.. Read More;

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Mortgage volumes tumble, with average loan sizes also decreasing

National Mortgage
Mortgage Finance
4 years ago

Mortgage activity dropped off last week, as rising interest rates helped put the brakes on both new purchases and refinances.The,.. Read More;

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Blend to launch income verification product

National Mortgage
Mortgage Finance
4 years ago

After nearly a year in development, Blend Labs took another step toward making the financial services sector more efficient in,.. Read More;

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Low-to-moderate income borrowers can add $300 billion in originations

National Mortgage
Mortgage Finance
4 years ago

Scores of low-to-moderate income consumers represent an untapped client base for the mortgage industry, but a lack of clear strategies,.. Read More;

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Servicers bracing for new scrutiny, complexities as forbearance ends

National Mortgage
Mortgage Finance
4 years ago

Mortgage servicers and attorneys are preparing for regulators to start looking more closely at borrowers exiting pandemic-related payment suspensions, following,.. Read More;

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Although origination margins are down, expenses keep rising

National Mortgage
Mortgage Finance
4 years ago

Mortgage origination revenue is returning to more normal levels after a year of extraordinary earnings driven by massively high gain,.. Read More;

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Old National CEO: Hard to tell if redlining suit will delay merger

National Mortgage
Mortgage Finance
4 years ago

Old National Bancorp is prepared to complete the largest merger in its history just as soon as it receives approval,.. Read More;

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Buyer urgency wanes in September housing market

National Mortgage
Mortgage Finance
4 years ago

Housing market velocity slowed in line with typical seasonality as summer turned to fall, but it still remains strong, according,.. Read More;

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Housing starts fell last month, led by multifamily slowdown

National Mortgage
Mortgage Finance
4 years ago

U.S. housing starts decreased in September, driven by a pullback in multifamily construction, as lingering supply-chain constraints, shortages of skilled,.. Read More;

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Freddie Mac may follow Fannie Maes lead and underwrite based on rent

National Mortgage
Mortgage Finance
4 years ago

Freddie Mae is considering a similar move to Fannie Mae’s recent addition of mortgage credit assessments based on rent, an,.. Read More;

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