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Premium cut needed to counter tough housing market: CMLA

National Mortgage
Mortgage Finance
3 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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Five Thoughts on the Bank of Canada's Jumbo Rate Hike | Dave The Mortgage Broker

Dave The Mortgage Broker
Mortgage Finance
3 years ago

The Bank of Canada (BoC) surprised markets last week with a super-sized 1.00% rate hike. Its policy rate now stands,.. Read More;

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Scottish house prices hit another record in May to top

Mortgage Finance Gazette
Mortgage Finance
3 years ago

May’s record was the eleventh time this has happened in the last twelve months. The 8.4% rise in May means,.. Read More;

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House prices hit record for sixth month in a row, but rate slows: Rightmove

Mortgage Finance Gazette
Mortgage Finance
3 years ago

But the 0.4% rise compares to a 9.7% jump in June, which is a sign of the market moving from,.. Read More;

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Atom reports 200% rise in income growth driven by loan book increases

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The bank says a focus on efficiency coupled with impressive income growth has resulted in narrowing its underlying operating loss,.. 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
3 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
3 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
3 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
3 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
3 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
3 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
3 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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