The Federal Home Loan Bank of Chicago reported net income of $24 million in the third quarter, down from $27 million in the second quarter (not down from $50 million, as a previous Wire item incorrectly reported). A spokeswoman for the FHLBank pointed out that a restatement has increased the FHLBank's first-half earnings upward by $2 million to $52 million.
-
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
1h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
4h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
6h ago -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
6h ago -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
11h ago -
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24