Barclays Capital has hired a longtime Nomura Securities International agency mortgage researcher, and Nomura's continued participation in the agency MBS market appears questionable.Art Frank, Nomura's former director of MBS, has been named director and mortgage strategist at Barclays, according to the latter company. A Nomura spokesman had not returned a call by deadline time, and efforts to reach the company's agency MBS team through its switchboard were met with uncertainty about whether the business was still offering services in that area.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
4h ago