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Finance of America plans more cuts after big losses in Q2

National Mortgage
Mortgage Finance
3 years ago

Finance of America's losses deepened in the second quarter as spread widening intensified, impacting even loan segments that were previously,.. Read More;

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Nonbank mortgage jobs tank for second month

National Mortgage
Mortgage Finance
3 years ago

Nonbank mortgage payrolls declined for the second consecutive month, but with mass firings increasing towards the end of June, the,.. Read More;

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Real estate brokerage Radius moves into mortgage lending

National Mortgage
Mortgage Finance
3 years ago

A California real-estate firm and tech startup has added a mortgage brokerage division, making it the latest in a growing,.. Read More;

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6 reasons to watch the digital mortgage space

National Mortgage
Mortgage Finance
3 years ago

A home buying frenzy has many lenders considering new technology as a means to address the needs and preferences of future,.. Read More;

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Zillow sees slowing demand for ads in housing downturn

National Mortgage
Mortgage Finance
3 years ago

Zillow Group Inc. shares plummeted after the company predicted that a significant contraction in home sales would weigh on the,.. Read More;

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Almost half of mortgaged homes in U.S. now considered equity-rich

National Mortgage
Mortgage Finance
3 years ago

Home ownership has reached a milestone in the U.S.Nearly half of mortgaged properties were considered equity-rich in the second quarter,.. Read More;

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Rocket reports steep decline in profit in 2Q

National Mortgage
Mortgage Finance
3 years ago

Rocket Cos. was barely profitable in the second quarter, earning a mere $60 million of net income, versus $1.03 billion,.. Read More;

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Most fixes see average rates rise this week, says Moneyfacts

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The average rate for a two-year fix increased by 6 basis points to 3.99%, for a three-year fix the average,.. Read More;

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Skipton Building Society posts

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The group, which also owns estate agent Connells, says its mortgages and savings unit saw pre-tax profit jump by 48%,.. Read More;

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Evolution Money completes inaugural securitisation worth

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The new agreement refinances Evolution’s existing facilities with senior funding now supplied by NatWest Markets and mezzanine funding provided by,.. Read More;

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FDIC promises more scrutiny of banks' commercial real estate loans

National Mortgage
Mortgage Finance
3 years ago

The Federal Deposit Insurance Corp. plans to increase its scrutiny of banks' exposure to commercial real estate loans, citing uncertainty,.. Read More;

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Steven Schnall, CEO of Quontic Bank, dies in an accident

National Mortgage
Mortgage Finance
3 years ago

Steven Schnall, the CEO and founder of Quontic Bank in New York City, died this week. He was 55.Schnall died,.. Read More;

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