The global bank reported solid second-quarter results as executives maintain confidence in the bank's ability to achieve a return on tangible common equity of 10-11% next year. But an analyst said Citi's progress on reducing expenses will hinge on its ability to get freed from various enforcement actions.
May's falling interest rates as well as ongoing wage growth helped improve home affordability across borrowing segments and racial groups, the Mortgage Bankers Association said.
Servicing numbers propelled the REIT to the positive third-quarter result, while the company also announced it had acquired a stake in a commercial real estate investment firm.
The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying.
The city-owned venue will promote the broker search website by team owner Mat Ishbia's mortgage company for 10 years in a $115-million deal.
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Whittemore and his team are working to help the company handle both growth and diverse loan types, including non-QM, RPLs and NPLs.
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July's growth in products correspond with a noticeable rise in new applications for adjustable-rate mortgages as borrowers respond to recent rate movements.
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New insurance written at the six private mortgage insurers increased by only 2% year-over-year, a sign of the sluggish home sales market at the low end.
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The New Jersey-based Anniemac, which has expanded down the East Coast in recent years, touted the incoming team's construction lending experience.
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Trump appointed Antoni, who has been vocal about his concerns with BLS jobs data and revisions, in a Truth Social post Monday. The position is subject to Senate confirmation.
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In our work, we've found that lenders who survey customers at the right time will see a significantly higher information return, which can then inform positive changes in the mortgage operation.
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Over the long haul, ignoring online leads is going to make it difficult for retail lenders to survive, since recent studies clearly show more and more borrowers are finding their lenders online.
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A simple follow up email can be a winning strategy in a highly competitive mortgage originations market.
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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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