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WOULDN'T IT BE NICE: "Will this be a refinance boomlet? We don't know," says SunTrust's William Rogers.
A wide swath of banks, from Fifth Third to SunTrust to Huntington, report big increases in refinance applications in the past few days as mortgage rates have dipped. Will it last?
WAVE OF THE FUTURE? The mortgage industry will "recognize the economic benefits" of ITIN loans, and they will "become more common in the long term," said Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals.
Many lenders think home loans are off-limits for undocumented immigrants because they lack Social Security numbers, but higher-cost loans using borrowers' individual taxpayer identification numbers are available and being made by a handful of firms.
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There has been a major shift from last summer when investor interest was so high it was outpacing inventory and blocking out other buyers.
Bank of America reported disappointing third quarter results amid questions regarding whether the bank will be able to reduce expenses in its legacy mortgage business as quickly as expected.
Complications from the housing crisis led to the 2011 edition of the MBA Annual Convention getting relocated to Chicago. Three years later, the Mortgage Bankers Association is ready for its biggest conference to make its Las Vegas debut.
As the Seattle and Des Moines Home Loan banks inch closer to the first successful voluntary merger in the system's history, observers are beginning to ask which institution will try next.
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