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Fed survey: Home Loan bank advances are popular liquidity fallback for banks

National Mortgage
Mortgage Finance
3 years ago

Federal Home Loan bank advances are a popular option for banks facing falling reserve balances, a recent survey from the,.. Read More;

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Wells Fargo hints at how it will downsize its servicing portfolio

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo offered more details about its approach to downsizing its involvement with mortgages during its earnings call, which revealed,.. Read More;

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HUD proposes remedy to reduce appraisal bias

National Mortgage
Mortgage Finance
3 years ago

The Department of Housing and Urban Development is taking tangible measures to wrangle appraisal bias by giving Federal Housing Administration,.. Read More;

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California lender accuses CrossCountry of racketeering

National Mortgage
Mortgage Finance
3 years ago

A California lender alleges CrossCountry Mortgage used a "transition desk" of dedicated staff to poach one of its branch managers,.. Read More;

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New York foreclosure law may lead to dismissals of older cases

National Mortgage
Mortgage Finance
3 years ago

New York's newly enacted foreclosure law suggests servicers should closely reexamine older distressed mortgages they have in the state as,.. Read More;

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Sagent names former Fannie Mae executive as COO

National Mortgage
Mortgage Finance
3 years ago

Sagent has announced that a former government-sponsored enterprise executive who has served on its board has been appointed to the,.. Read More;

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Fannie Mae, Freddie Mac get servicing valuation rules from FHFA

National Mortgage
Mortgage Finance
3 years ago

The Federal Housing Finance Agency issued an advisory bulletin regarding the government-sponsored enterprises' need to establish and implement risk management,.. Read More;

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Keller Mortgage sheds more personnel

National Mortgage
Mortgage Finance
3 years ago

Keller Mortgage, the lending arm of real estate franchise Keller Williams, had another round of layoffs Thursday, which the company,.. Read More;

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All average fixed rates drop, Moneyfacts data shows - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The average rate for a two-year fix fell 12 basis points, to 5.63%, while the average rate for a three-year,.. Read More;

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Mortgage affordability approaches all-time low: Nationwide - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The bank’s affordability report states that between the start of the pandemic and the end of 2022, house prices increased,.. Read More;

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Construction output flat in November, ONS reports - Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The latest data follows a downwardly revised increase of 0.4% from 0.8% in October. The main contributions towards the flat growth,.. Read More;

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Community reinvestment group plans to put KeyBank's regulators on notice

National Mortgage
Mortgage Finance
3 years ago

One month after releasing a highly critical report about KeyBank's mortgage lending record to Black borrowers, the National Community Reinvestment,.. Read More;

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