Existing-home sales blew the mortgage industry away last week, with the largest month-over-month increase ever as TILA-RESPA Integrated Disclosure (TRID) rule delays finally started to pass. This week, the spotlight will shift to December's new home sales.
Read More »SunTrust’s Mortgage Servicing Income Skyrockets
The Atlanta-based bank is no longer burdened by legal matters and it showed in their 2015 fourth quarter and year-end earnings.
Read More »Here’s Why Renters Will Still Struggle to Buy a Home in 2016
The classic back-and-forth between renting and buying is not expected to cease anytime soon, but there may be a slight improvement in 2016.
Read More »Existing-Home Sales Bounce Back From TRID Delays
After suffering a major drop in November 2015, existing-home sales turned the tables back toward favor with the largest monthly increase ever recorded in December.
Read More »Here are the Top 5 Issues Lenders are Facing With Loan Officer Compensation
As lenders gear up to attract new loan officers (LO), many have them are requesting unique or complex compensation plans. The real challenge lenders face is adapting their compensation plans to these requests, while complying with Consumer Financial Protection Bureau (CFPB) standards.
Read More »BNY Mellon, BankUnited Earnings See Huge Gains Despite Challenges
Bank of New York Mellon's residential mortgage-backed securities legal issues and BankUnited's recent departure from retail mortgage originations appeared to have little to no effect on these companies' incomes in the fourth quarter of 2015. Read on to see what is driving these institution's profits way up in the fourth quarter.
Read More »Cool Down: New Home Mortgage Applications Decline
In the last month of 2015, applications for new home purchases took a chill pill and decreased month-over-month. Could this be what economists meant by slow growth headed into 2016?
Read More »Goldman Sachs’ Earnings Suffer the Aftershocks of RMBS Settlement
The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.
Read More »Racing Ahead: Unexpected Markets Finish 2015 on Top
Homes sales finished 2015 in convincing fashion, following two straight months of sluggish sales. Read on to see which cities experienced the largest gains in 2015.
Read More »Citigroup Posts Best Yearly Income Since 2006; Wells Fargo Holds Steady
While the approaching date of December 25, 2015, meant it was beginning to look a lot like Christmas for many, for Citigroup it was beginning to look like the pre-crisis year of 2006.
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