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Freddie Mac's 2Q earnings down 33% from prior period

National Mortgage
Mortgage Finance
4 years ago

Freddie Mac's second quarter earnings declined from the prior quarter and previous year as the company had to make a,.. Read More;

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Rocket falls from first place in J.D. Power servicer survey

National Mortgage
Mortgage Finance
4 years ago

For the first time in nine years, Rocket Mortgage is not the highest rated mortgage servicer on the J.D. Power’s,.. Read More;

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Fed balance-sheet reduction means trouble in 2023, Barclays says

National Mortgage
Mortgage Finance
4 years ago

The Federal Reserve early next year will need to put the brakes on the process of shedding some of the,.. Read More;

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30-year fixed rate falls 24 basis points

National Mortgage
Mortgage Finance
4 years ago

Volatility has been the key characteristic of mortgage rates this summer, and true to form, the 30-year average made another,.. Read More;

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Buckinghamshire Building Society appoints Wass as CEO

Mortgage Finance Gazette
Mortgage Finance
4 years ago

He will take up his post at the mutual in mid-September 2022 replacing retiring head Gerard O’Keeffe. Wass joins from Nationwide,.. Read More;

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June remortgage repayments jump by

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The conveyancing services firm’s Monthly Remortgage Snapshot adds that 52% of borrowers increased their loan size last month to an,.. Read More;

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Co-op Bank sees profit jump to

Mortgage Finance Gazette
Mortgage Finance
4 years ago

These better-than-expected results to the end of June saw its net interest margin lift by 29 basis points to 151bps,,.. Read More;

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Metro Bank narrows loss to

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The lender posted a pre-tax loss of £60.2m from £138.9m a year ago, as its growing consumer loan and specialist,.. Read More;

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Powell: Economy, banks can handle aggressive rate hikes

National Mortgage
Mortgage Finance
4 years ago

WASHINGTON — The Federal Reserve continued tightening its monetary policy at the fastest pace in decades, raising the federal funds,.. Read More;

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Mr. Cooper's earnings slide from Q1 but benefit from servicing

National Mortgage
Mortgage Finance
4 years ago

Mr. Cooper's second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period,.. Read More;

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New York Community finds ways to diversify as it awaits OK on Flagstar deal

National Mortgage
Mortgage Finance
4 years ago

New York Community Bancorp, which is still awaiting approval to complete its latest acquisition, says it is advancing on other,.. Read More;

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Trident Mortgage slapped with $24.4 million redlining fine

National Mortgage
Mortgage Finance
4 years ago

Trident Mortgage, a now-defunct lender owned by Berkshire Hathaway, has agreed to pay $24.4 million for engaging in redlining and,.. Read More;

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