The British investment bank is looking to ramp up its business in mortgage-backed securities, roughly a year after paying $2 billion in civil penalties stemming from the financial crisis.
Read More »Mortgage Rates Dip
The latest data from the FHFA indicates an overall fall in mortgage rates. But which mortgage indicator is trending higher? Click through to learn more.
Read More »How Home Lending Impacted the Big Banks
The results of JPMorgan Chase, Wells Fargo, and Citi reflected a subdued Q4. Click through to learn how their numbers stacked up and the factors that affected their earnings estimates.
Read More »Borrowers Embrace Text Messaging in the Loan Process
As homebuyers get more comfortable with text messaging to communicate for the mortgage loans, how can lenders adapt to use this technology to speed up the process?
Read More »Financing Breakdown: What Loan Types Led Originations?
Recently released data reports the latest on houses sold by sales price for Q3 2017. Read on to discover the data distribution by region, type of financing, and loan amount range.
Read More »Millennials Aren’t Deterred by Sellers Market
It is no surprise that the home market has favored the seller this buying season, but what is interesting is how millennials have treaded the challenging and sometimes expensive market. Ellie Mae’s April Millennial Tracker showed steady increases in home loans among the demographic. Certain metropolitan areas saw a larger boom than others.
Read More »Caliber Completes Banc of California Acquisition
Irving, Texas-based lender Caliber Home Loans Inc. announced on Friday that it has completed its acquisition of Banc Home Loans. Caliber is the nation’s fourth largest non-bank lender, ...
Read More »CFPB Warns that Reverse Mortgage Advertisements Can be Deceiving
The Consumer Financial Protection Bureau (CFPB) issued a warning to consumers today about the misleading effects of reverse mortgage advertisements. The Bureau released results of a focus group study on reverse mortgage advertisements and found that many participants were left confused about the product. The study found that after viewing the ads, consumers did not understand that reverse mortgages were actual loans. Instead, they were left under the false impression that reverse mortgages are government-issued program that would help consumers stay in their home for the rest of their lives.
Read More »