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Biggest U.S. banks scale back on property lending as rates climb

National Mortgage
Mortgage Finance
3 years ago

Banks including Wells Fargo, Bank of America and JPMorgan Chase have pulled back on financing for offices and other commercial real,.. Read More;

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Borrowers lost over $6M in mortgage modification scam, regulators say

National Mortgage
Mortgage Finance
3 years ago

Two defendants bilked hundreds of distressed mortgage borrowers in Southern California out of millions of dollars, according to a complaint,.. Read More;

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Purchase mortgage denial rates still higher for minorities

National Mortgage
Mortgage Finance
3 years ago

Purchase application denial rates remained higher for Blacks and Hispanic whites in 2021, but the share of denials for each,.. Read More;

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Ginnie Mae says most issuers are compliant with risk-based capital rule

National Mortgage
Mortgage Finance
3 years ago

Ginnie Mae on Tuesday issued a statement indicating most nonbank mortgage companies it works with are ready for its upcoming,.. Read More;

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Fifth Third launches new warehouse business for mortgage lenders

National Mortgage
Mortgage Finance
3 years ago

Cincinnati-based Fifth Third Bank has launched a new business to provide warehouse financing to nonbank mortgage lenders, according to a,.. Read More;

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New-home sales activity rises in August, but pessimism remains

National Mortgage
Mortgage Finance
3 years ago

Mortgage applications to purchase a newly constructed home increased month-to-month in August, as did both single-family starts and completions.But pessimism,.. Read More;

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Pairadime structures co-buying for primary residences

National Mortgage
Mortgage Finance
3 years ago

What firms like Pacaso are hoping to accomplish with partial vacation home ownership, another company is hoping to do with,.. Read More;

post

Catalyst appoints Whitefox head Frias-Robles as non-executive director

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The firm says the veteran chartered surveyor will provide “strategic advice to the board on construction and development matters”, and,.. Read More;

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FTB sales slow by 20 months as living costs rise: Aldermore

Mortgage Finance Gazette
Mortgage Finance
3 years ago

It finds that 32% of prospective FTBs anticipate delays of 20 months on average as seven out of ten of,.. Read More;

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Suffolk Building Society begins 'phased return' to lending

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The building society halted mortgage applications on 8 August and says that this latest move is part of a “phased,.. Read More;

post

LMS and ProConveyancing offer completion guarantees

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Both firms say they have a “common goal to enable brokers to deliver reliable and transparent customer service when it,.. Read More;

post

First 4 Bridging rolls out Envelop rebranding

Mortgage Finance Gazette
Mortgage Finance
3 years ago

It says: “Envelop is positioning itself as the home of property finance and the rebrand has taken place to reflect,.. Read More;

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