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Home sellers are cutting prices in record numbers: Redfin

National Mortgage
Mortgage Finance
3 years ago

The share of listed homes that had a cut in asking price reached an all-time high during the four weeks,.. Read More;

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Biden signals U.S. can avert recession but Americans are really down

National Mortgage
Mortgage Finance
3 years ago

President Joe Biden said a U.S. recession isn’t inevitable and acknowledged that aides warned him about the inflationary risk of,.. Read More;

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House flipper pleads guilty to fraud of more than $3 million

National Mortgage
Mortgage Finance
3 years ago

A Minneapolis operator of several house-flipping businesses pleaded guilty to defrauding investors out of almost $3.2 million in a case,.. Read More;

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Nonbanks made the majority of purchase mortgages in 2021

National Mortgage
Mortgage Finance
3 years ago

Lenders that aren’t depository institutions made nearly two-thirds of all traditional home-purchase loans last year, according to the Federal Financial,.. Read More;

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8 cybersecurity developments the mortgage industry

National Mortgage
Mortgage Finance
3 years ago

Cyberattacks are on the rise these days. Recent instances within the mortgage industry include Lakeview Loan Servicing discovering a data,.. Read More;

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Sarah Cardell named CMA interim chief executive

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Cardell currently serves as the general counsel of the CMA, a role that she was appointed to in September 2013. She,.. Read More;

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YBS appoints interim chief executive and chief finance officer as White steps down

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Stephen White, who has been acting as interim chief executive officer, will leave YBS to take on a new role,.. Read More;

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First Guarantys non-QM unit launches closed-end home equity loan

National Mortgage
Mortgage Finance
3 years ago

First Guaranty Mortgage Corp. on Thursday announced the launch of a new fixed-rate second-lien product to its distributed retail, consumer,.. Read More;

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Some mortgage execs welcome the Fed hike

National Mortgage
Mortgage Finance
3 years ago

Samuel Corum/Bloomberg In the long-term, the Federal Open Market Committee's 75 basis point hike will help the mortgage,.. Read More;

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Mortgage rates surge at fastest pace since 1987

National Mortgage
Mortgage Finance
3 years ago

On the heels of the latest federal funds rate hike, Freddie Mac reported mortgage rates accelerated at the fastest pace,.. Read More;

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For banks, Feds aggressive rate hike cuts both ways

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve’s 75-basis-point interest rate hike Wednesday, the largest increase since 1994, will almost certainly bolster banks’ 2022 earnings,,.. Read More;

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June mortgage mergers aim to fill industry gaps

National Mortgage
Mortgage Finance
3 years ago

These transactions look to add territories or products to counter the effects of origination activity contracting.,.. Read More;

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