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Redfin loses money on mortgages in 4Q22

National Mortgage
Mortgage Finance
3 years ago

Redfin's mortgage business recorded negative gross margins in the fourth quarter, even as the company was able to maintain the,.. Read More;

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Ex-bank president in North Dakota gets prison time after guilty plea

National Mortgage
Mortgage Finance
3 years ago

The sentencing of former banker Brady Torgerson is "a reminder that there is a high price to pay for white-collar,.. Read More;

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How Wells Fargo is deploying the White House's AI Bill of Rights

National Mortgage
Mortgage Finance
3 years ago

Late last year, the White House issued a blueprint for an AI Bill of Rights in October as a guide,.. Read More;

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FHFA numbers signal shift in delinquency drivers

National Mortgage
Mortgage Finance
3 years ago

The majority of consumers with late mortgage payments are still citing a national emergency declaration when asked why they can't,.. Read More;

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Ginnie Mae reduces minimum size for securitized HECM pools by 75%

National Mortgage
Mortgage Finance
3 years ago

Ginnie Mae announced changes to the minimum size for loan pools backing reverse mortgage securitizations, as it attempts to reduce,.. Read More;

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Black homeownership much lower than population share

National Mortgage
Mortgage Finance
3 years ago

Black homeownership rates in each of the nation's 50 largest metro areas has been smaller than population share in those,.. Read More;

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Commercial property market freezes, sending bond volume plummeting

National Mortgage
Mortgage Finance
3 years ago

Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into,.. Read More;

post

Leading economic index falls for a 10th straight month

National Mortgage
Mortgage Finance
3 years ago

An index of U.S. leading economic indicators fell in January for a 10th straight month, reflecting declines in consumer expectations,.. Read More;

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New home mortgage apps break slump, rise on sliding rates

National Mortgage
Mortgage Finance
3 years ago

Sliding mortgage rates at the beginning of the year drove applications for new home purchases in January up 42% from,.. Read More;

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Speculation Tax Notice 2023 - GLM Mortgage Group

GLM Mortgage Group
Mortgage Finance
3 years ago

Canada’s Cost of Living January has been a tough month for many as we prepare for what could be a,.. Read More;

post

CrossCountry Mortgage accused of not paying its employees

National Mortgage
Mortgage Finance
3 years ago

A former CrossCountry Mortgage employee claims the lender failed to pay workers as mortgage activity slowed last year, and is,.. Read More;

post

NatWest sees profits rise sharply in 2022 Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The report details the bank as seeing mortgage growth of £14.4bn in the year to December 2022, powering a net,.. Read More;

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