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Number of borrowers with refinance incentive plunges as rates rise

National Mortgage
Mortgage Finance
5 years ago

The increase in financing costs since September’s Federal Open Market Committee meeting has diminished mortgage prospects by 34%, according to,.. Read More;

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Fed to taper in November amid inflation concerns, economists say

National Mortgage
Mortgage Finance
5 years ago

The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Friday, Oct. 8, 2021. The Senate approved legislation,.. Read More;

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Convey Law brings in over

Mortgage Finance Gazette
Mortgage Finance
5 years ago

Activities taken to raise funds for good works included conveyancing supervisor Rhian Reynolds’ 2,000 squat challenge, which saw over £13,000,.. Read More;

post

Blog: Insulate Britain - A mortgage lender's perspective

Mortgage Finance Gazette
Mortgage Finance
5 years ago

Protestors gluing themselves to the M25 are demanding that more be done to insulate Britian’s homes and the government is considering more,.. Read More;

post

New lender Quantum Mortgages to launch in 2022

Mortgage Finance Gazette
Mortgage Finance
5 years ago

A specialist buy-to-let (BTL) outfit that will initially focus on professional landlords “who are underserved by the high street and,.. Read More;

post

Lenders pull sub-1% deals as base rate decision looms

Mortgage Finance Gazette
Mortgage Finance
5 years ago

Last Monday, October 25, there were 82 sub-1% mortgages available with rates ranging from 0.84% to 0.99%, but now there,.. Read More;

post

Wells Fargo employees feared for their jobs, consumer banking head says

National Mortgage
Mortgage Finance
5 years ago

After Mary Mack became Wells Fargo’s head of consumer banking in 2016, she embarked on a multi-city listening tour that,.. Read More;

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Forborne mortgages at GSEs now make up less than 1% of their volume

National Mortgage
Mortgage Finance
5 years ago

Forbearance exits slowed from their previously accelerated pace in the past week, but the number of distressed loans held by,.. Read More;

post

Cenlar consent order is wakeup call for nonbanks

National Mortgage
Mortgage Finance
5 years ago

Last week, the world of mortgage servicing got an unpleasant surprise. Cenlar FSB, the nation’s largest subservicer of residential mortgages,,.. Read More;

post

Amid legal dramas, LoanDepot's market share grew in 3Q

National Mortgage
Mortgage Finance
5 years ago

The negative publicity about loanDepot's workplace culture apparently had little effect on the company's third quarter operations.During the conference call,,.. Read More;

post

New York expands CRA requirements to nonbank mortgage lenders

National Mortgage
Mortgage Finance
5 years ago

WASHINGTON — New York Gov. Kathy Hochul on Monday signed legislation expanding the state’s version of the Community Reinvestment Act,.. Read More;

post

SitusAMC adds 1,500 hires to tackle private RMBS backlog

National Mortgage
Mortgage Finance
5 years ago

Mortgage services provider SitusAMC announced that it has added 1,500 people to help process originations and clear a due-diligence logjam,.. Read More;

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