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Wells Fargo plans major retreat from mortgage business it long dominated

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans,.. Read More;

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Econveyancer adds Connect IFA and Connect for Intermediaries to panel

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The move will provide all Connect brokers and appointed representative firms access to the platform conveyancer’s panel of more than,.. Read More;

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How California builders and insurers are responding to wildfires

National Mortgage
Mortgage Finance
3 years ago

As the country confronts more climate disasters, from flooding to wildfires, California may serve as a prime example of how,.. Read More;

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Lenders wary of storm clouds in Florida's home insurance market

National Mortgage
Mortgage Finance
3 years ago

A home insurance industry battle in Florida could lead to collateral damage for the state's mortgage industry at a sensitive,.. Read More;

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House prices fall for first time this year in August lull: Rightmove

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The fall in house prices is “on a par with the average August drop over the past ten years”, says,.. Read More;

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Overall delinquencies drop despite uptick in short-term distress

National Mortgage
Mortgage Finance
3 years ago

Seasonally-adjusted delinquencies tracked by the Mortgage Bankers Association set another record low in the second quarter even though a separate,.. Read More;

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Rocket, Home Point, UWM report sagging earnings and more news of the week

National Mortgage
Mortgage Finance
3 years ago

Additionally: FHFA adds reporting mandate for servicers and more layoffs are announced.,.. Read More;

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Housing market is tilting in favor of buyers, Redfin says

National Mortgage
Mortgage Finance
3 years ago

The current housing market appears to be tilting slightly more in the favor of buyers, marking a reversal of last,.. Read More;

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Slammed with poaching suits, CrossCountry Mortgage drops its own

National Mortgage
Mortgage Finance
3 years ago

CrossCountry Mortgage is dropping its attack and playing defense in a series of poaching lawsuits with three competitors in federal,.. Read More;

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Should FHFA buck tradition when setting 2023 conforming loan limits?

National Mortgage
Mortgage Finance
3 years ago

On November 30, 2021 the Federal Housing Finance Agency announced the conforming loan limits (CLLs) for mortgages acquired by government-sponsored,.. Read More;

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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;

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