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Troubled CRE loan delays merger plans for Arizona banks

National Mortgage
Mortgage Finance
2 years ago

Despite a credit-quality issue vexing Bancorp 34, its $28 million merger with another Arizona banking company — CBOA Financial —,.. Read More;

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Class action against PHH Mortgage for lack of OT pay gets certified

National Mortgage
Mortgage Finance
2 years ago

Former loan officers of PHH Mortgage were handed a preliminary win as their class action lawsuit, which accuses the lender,.. Read More;

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Home price growth slows but should keep rising in 2024

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Finance Agency's Home Price Index increased in October from September, but at a more modest pace than,.. Read More;

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Hackers obtained Social Security numbers in Fidelity cyberattack

National Mortgage
Mortgage Finance
2 years ago

Following a pre-Thanksgiving cyberattack at parent company Fidelity National, mortgage subservicer Loancare disclosed the degree of data compromise that has,.. Read More;

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Home prices extend records, rising for a ninth straight month

National Mortgage
Mortgage Finance
2 years ago

Home prices in the U.S. rose for a ninth straight month, reaching a fresh record as buyers battled for a,.. Read More;

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Top housing-finance policy developments in 2023

National Mortgage
Mortgage Finance
2 years ago

The Marriner S. Eccles Federal Reserve building in Washington, D.C.Samuel Corum/Bloomberg Common themes in government-related actions with implications,.. Read More;

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Basel III endgame: 5 things to watch in 2024

National Mortgage
Mortgage Finance
2 years ago

Michael Barr, vice chair for supervision at the Federal Reserve, left, shakes hands with Martin Gruenberg, chair of the Federal,.. Read More;

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J.P. Morgan Mortgage Trust issues $257.8 million RMBS for second lien HELOCs

National Mortgage
Mortgage Finance
2 years ago

Interest on a fixed pool of prime HELOCs is the collateral for pass-through certificates issued by J.P. Morgan Mortgage Trust,.. Read More;

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FHFA increases Low Income Housing Tax Credit limit

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Finance Agency will raise its cap for investments government-sponsored enterprises Fannie Mae and Freddie Mac can make,.. Read More;

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Real estate fraudster found guilty in mortgage scam

National Mortgage
Mortgage Finance
2 years ago

A jury convicted a Chicago businessman on 10 counts of financial institution fraud last week for mortgage and credit schemes,.. Read More;

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FBC Mortgage sues New American Funding, again, for poaching

National Mortgage
Mortgage Finance
2 years ago

FBC Mortgage is suing New American Funding, alleging the larger competitor has poached its staff and is interfering with its,.. Read More;

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Is hiring on the horizon for mortgage shops?

National Mortgage
Mortgage Finance
2 years ago

The mortgage industry is starting to prepare itself for an increase in origination volume next year. One telltale sign of,.. Read More;

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