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WEBA blog post from the Consumer Financial Protection Bureau cited data from the pandemic refi boom to show Blacks and Hispanics had limited opportunity to drop their interest rate. News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
Wells Fargo commercial servicing sale makes Trimont a leader
WEBAug 20, 2024 · Wells Fargo plans to exit the third-party, non-agency commercial mortgage servicing business through a sale that will make the buyer a leader in one portion of the U.S. market. The Atlanta-based Trimont has agreed to buy non-agency servicing in the acquisition. Wells will retain certain servicing for government-related mortgages.
Scotiabank adds JPMorgan exec in warehouse lending expansion
WEBAug 14, 2024 · The addition of Roettele is one of the latest moves from Scotiabank as it attempts to further expand in the United States. Earlier this week, the Toronto-based bank announced it would invest $2.8 billion in Keybank, becoming its largest shareholder with an almost 15% stake.In May, Scotiabank also named former Morgan Stanley and JPMorgan executive Travis Machen as its CEO and group head of ...
top mortgage producers 2020 full rankings - National Mortgage …
WEBApr 6, 2020 · Top Producers 2020 full rankings Nos. 1-400. By Brad Finkelstein. April 06, 2020, 12:28 p.m. EDT 19 Min Read. Here they are, the best of the best. The 2020 countdown of the National Mortgage News Top Producers list, numbers 1 through 400.
Mortgage interest rates inch down - National Mortgage News
WEBAug 22, 2024 · Lender Price product and pricing engine data posted on the National Mortgage News website put the 30-year fixed at 6.531% as of 11 a.m., a 16 basis point drop from 6.547% a week ago. That is on top of a 32 basis point drop from Aug. 8 to Aug. 15. The 30-year FRM as tracked by Zillow was at 6% on Wednesday before rising 2 basis points on Thursday morning.
Mortgage rates sink as FOMC gives hope it will act soon
WEBAug 1, 2024 · A week ago, it closed at 4.26%. put the 30-year fixed at 6.855% late morning on Thursday, down from 6.868% one week prior. The 30-year FRM as measured on Zillow's rate tracker as of 11:30 a.m. on Aug 1, was at 6.21%, down 7 basis points on the day and 25 basis points from last week's average rate of 6.46%.
May 2020 - National Mortgage News
WEBTenants have threatened to suspend payments during the pandemic to pressure officials into providing rental assistance, but the effects on multifamily loans would compound concerns about servicers' liquidity and, ultimately, lenders' performance. By Hannah Lang.
Hot start to August fades as mortgage applications pull back
WEBAug 21, 2024 · "Even with lower mortgage rates, potential buyers might be more selective now that there are more options." Refinance applications, which recently shot to a two-year peak in the MBA index, accounted for 46.8% of total applications, lower week-over-week from 48.6%. Borrowers shied away from adjustable rate …
5 mortgage servicing trends from Q2 data to watch
WEBAug 20, 2024 · Pennymac servicing portfolio with note rates of 5% or greater (UPB) To this end, consider data from Pennymac's earnings on the unpaid principal balance of loans with a 5%-plus note rate. The number of these that it acquired or subservices for its real estate investment trust has almost doubled in the past year, rising to $175 billion from $89 ...
Mortgages for new homes see summer resurgence
WEBAug 16, 2024 · Mortgages for new homes see summer resurgence. By Spencer Lee. August 16, 2024, 2:52 p.m. EDT 2 Min Read. Mortgage applications for newly built homes jumped between June and July, marking a turnaround from the …