Months after OceanFirst Financial settled federal redlining allegations, it received the highest possible Community Reinvestment Act rating from the Office of the Comptroller of the Currency. CEO Christopher Maher said the bank made a "significant effort" to introduce its lending products to markets it had recently entered via acquisition.
Activity fell despite an ongoing slide in rates, but elevated interest in VA loans, particularly refinances, managed to lift the government-sponsored index higher by a fraction, the Mortgage Bankers Association said.
Renters are three times more likely to miss their scheduled payment than homeowners, an affiliate of the Mortgage Bankers Association found.
If they exit conservatorship, Fannie Mae and Freddie Mac might increase fees or retain servicing rights, shrinking their market share, according to the Chairman of Whalen Global Advisors.
The database contained internal user emails, KPI report templates and other internal data, but no personal or financial customer data.
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The CEO of Union Home Mortgage is joining Dream Finders Homes' CEO Patrick Zalupski and others in a bid to purchase the Major League Baseball team.
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JPMorgan Chase & Co. has bundled the riskiest portions of over a dozen Freddie Mac mortgage bonds tied to small balance apartment loans in what appears to be the first time this sort of debt has been securitized not once but twice.
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New legislation takes into account costs to residents while emphasizing accountability and safety from complex owners, Florida governor Ron DeSantis said.
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New self-regulatory guidelines for credit cards and checking accounts are arriving at a time of deregulation in Washington, D.C.
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The gap between costs and wages hit an inflection point and policy may determine what happens next, according to the Harvard Joint Center for Housing Studies.
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The equity-backed loan offers Rocket customers funds for down payments and closing costs on a new purchase while giving them six months to sell their existing property.
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The cost of doing a regression analysis has come down. When one compares the cost of a $5,000 analysis to a $12 million settlement, its fairly clear why it pays not to guesstimate.
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Will the Consumer Financial Protection Bureau hold the loan officer liable?
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A pre-approval letter should come from a major lender and not some no name mortgage broker.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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