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Higher expenses drive CFBank out of consumer-direct originations

National Mortgage
Mortgage Finance
5 years ago

CFBank is exiting direct-to-consumer mortgage originations, citing higher expenses in a changing market, and will instead concentrate on traditional branch,.. Read More;

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Lumber prices tumble, dropping to five-month low in June

National Mortgage
Mortgage Finance
5 years ago

A steep drop in lumber prices is creating optimism for homebuilding for the second half of 2021.Lumber futures ended June,.. Read More;

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PSPA changes would have marginal effect on lenders, analysts say

National Mortgage
Mortgage Finance
5 years ago

It would be a modest positive for publicly-traded mortgage companies if the newly installed acting Federal Housing Finance Agency head,.. Read More;

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Sales, inventory are up but Florida home price surge troubles analysts

National Mortgage
Mortgage Finance
5 years ago

Home sales in Florida are showing strong monthly and annual gains, but a recent analysis warns that prices are so,.. Read More;

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Slow switch to SOFR raises specter of market inefficiency and poor liquidity

National Mortgage
Mortgage Finance
5 years ago

In not hurrying to move away from the LIBOR benchmark and adopt alternative rates for new issuances, the asset securitization,.. Read More;

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June housing market data provides good news for home buyers

National Mortgage
Mortgage Finance
5 years ago

After potentially reaching an inflection point in May, housing inventory saw an uptick in June, according to Realtor.com’s monthly housing,.. Read More;

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Fannie, Freddie keep MIs dividend restrictions, haircut in place

National Mortgage
Mortgage Finance
5 years ago

Restrictions placed on private mortgage insurers upstreaming dividends to their parent company will now remain until the end of the,.. Read More;

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Multifamily relief funds dont quite match renter share per state: study

National Mortgage
Mortgage Finance
5 years ago

Loan performance in the multifamily sector has held up relatively well so far despite the federal eviction ban, but the,.. Read More;

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American Express partners with Rocket and Better.com on mortgage offer

National Mortgage
Mortgage Finance
5 years ago

American Express has partnered with Better.com and Rocket Mortgage for its new foray into home lending.The financial services behemoth now,.. Read More;

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Mortgage rate average edges back down under 3%

National Mortgage
Mortgage Finance
5 years ago

After a one-week jump into territory above 3%, the 30-year mortgage average fell back below that level for the weekly,.. Read More;

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Reverse lender can foreclose on non-borrowing spouse: Fla.'s top court

National Mortgage
Mortgage Finance
5 years ago

A divided Florida Supreme Court ruling will allow foreclosure on the non-borrowing spouse of a reverse mortgage holder who failed,.. Read More;

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Feds Waller joins support for targeting MBS purchases in taper

National Mortgage
Mortgage Finance
5 years ago

Federal Reserve officials who favor prioritizing mortgage-backed securities when they begin to scale back asset purchases have added Governor Christopher,.. Read More;

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