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BayFirst takes a $3.7 million hit for mortgage shutdown in Q3

National Mortgage
Mortgage Finance
4 years ago

BayFirst Financial of St. Petersburg, Florida, took a one-time charge of $3.7 million in the third quarter due to the,.. Read More;

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High-risk defaults could be 'canary in the coal mine' for mortgage market

National Mortgage
Mortgage Finance
4 years ago

Mortgage defaults are climbing among the highest-risk category of borrowers, a trend seen by some as a bellwether of a,.. Read More;

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PennyMac Financial profits on servicing, notes recession risks

National Mortgage
Mortgage Finance
4 years ago

It was a challenging third quarter for the industry, but PennyMac Financial beat consensus estimates by reporting a modest profit,.. Read More;

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Pending home sales fall by most in two years as rates rise

National Mortgage
Mortgage Finance
4 years ago

A home under construction in the Woodbridge subdivision in Sumter, South Carolina.Micah Green/Bloomberg U.S. pending home sales sank,.. Read More;

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Finance of America casualties, branches rescued by California lender

National Mortgage
Mortgage Finance
4 years ago

California-based American Pacific Mortgage scooped up close to half of Finance of America's recently laid off employees and about 40,.. Read More;

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Cavco to acquire manufactured housing firm Solitaire Homes

National Mortgage
Mortgage Finance
4 years ago

New manufactured home with red vinyl siding and windows with white linealsSue Smith/Sue Smith - stock.adobe.com Cavco Industries,,.. Read More;

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Skipton returns to 2-year resi loans market

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The building society says the range includes larger loan fixed-rate offers, no product fee options and rate cuts of up,.. Read More;

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NatWest reports net lending balance of

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The group said that the quality of its loan book remains “robust, not seeing signs of deterioration” with a “significant,.. Read More;

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Reprieve for borrowers as rates fall across all fixes, Moneyfacts data shows

Mortgage Finance Gazette
Mortgage Finance
4 years ago

For a two-year fix, the average rate fell 7 basis points to take it to 6.48%. A 7 basis point,.. Read More;

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Blog: The current crisis makes the case for transformation even more pressing

Mortgage Finance Gazette
Mortgage Finance
4 years ago

Ahmed MichlaHead of Business Development – UK&IOhpen That data holds the keys to answering so many problems is not surprising. Using,.. Read More;

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FMB says 74% of small builders support national retrofit strategy

Mortgage Finance Gazette
Mortgage Finance
4 years ago

Data from the latest trade survey found that growth in workloads, enquiries and employment levels are all continuing to contract,,.. Read More;

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Real estate startup buys mortgage technology assets of Reali

National Mortgage
Mortgage Finance
4 years ago

Prevu, a technology-focused real-estate brokerage, has acquired the mortgage assets of recently defunct Reali, as it signals its intent to,.. Read More;

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