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Impac's losses in 2Q grow as volume, margins drop

National Mortgage
Mortgage Finance
3 years ago

Losses widened at Impac Mortgage Holdings as the ongoing secondary market dislocation and a competitive landscape curtailed origination activities.Impac lost,.. Read More;

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Average prices for fixed rate mortgages increase during week, Moneyfacts data shows

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The average rate for the two- and three-year fixes rose 4 basis points each, to 4.03% and 4.46%, respectively, and,.. Read More;

post

Blog: Understanding customer vulnerability - the clock is ticking!

Mortgage Finance Gazette
Mortgage Finance
3 years ago

At the end of July, the Financial Conduct Authority (FCA) set out its plans for implementing Consumer Duty requirements –,.. Read More;

post

Monthly construction output decreases first time since October last year: ONS

Mortgage Finance Gazette
Mortgage Finance
3 years ago

While both May and June were affected by the timing of the Jubilee bank holiday, the latest figures represent the,.. Read More;

post

Fitch downgrades PacWest, citing 'deterioration' of key capital ratio

National Mortgage
Mortgage Finance
3 years ago

The credit rating agency Fitch Ratings has downgraded PacWest Bancorp and its banking subsidiary, Pacific Western Bank, citing the company's,.. Read More;

post

CFPB to crack down on financial firms' protection of consumer data

National Mortgage
Mortgage Finance
3 years ago

Financial companies that don't protect consumer data may violate federal consumer protection law, a federal agency said. The Consumer Financial Protection,.. Read More;

post

The snowballing U.S. rental crisis is sparing nowhere and no one

National Mortgage
Mortgage Finance
3 years ago

Rental costs in the U.S. are soaring at the fastest pace in more than three decades, surpassing a median of $2,000 a month for,.. Read More;

post

Home Point slips into the red as price war intensifies

National Mortgage
Mortgage Finance
3 years ago

Home Point Capital on Thursday recorded a second-quarter loss as it struggled with a challenging origination market that was particularly,.. Read More;

post

Fannie, Freddie both pass 2022 stress test despite misalignment on risk rating

National Mortgage
Mortgage Finance
3 years ago

Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion,.. Read More;

post

Celebrity Home Loans drops correspondent business

National Mortgage
Mortgage Finance
3 years ago

Celebrity Home Loans has closed its correspondent mortgage channel, according to published reports and a LinkedIn post from a company,.. Read More;

post

Mortgage rates surge again, jumping above 5%

National Mortgage
Mortgage Finance
3 years ago

In one of the most unpredictable periods for mortgage rates in recent history, the 30-year average took a 23 basis-point,.. Read More;

post

Even adds FTB products to Twenty7tec platform

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The lender, founded last year, offers interest-free equity loans that boost FTB budgets by up to £100,000, or two times,.. Read More;

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