Mortgage Services III LLC, Bloomington, Ill., is expanding into the Greater Milwaukee area through its acquisition of Complete Mortgage Inc., of Sussex, Wis. The newly acquired team will be located in an office in Waukesha, Wis. Mark Young, president and chief executive of MSI, said that Complete Mortgage has been a valued wholesale lending partner of his company for years. MSI has offices in Oakbrook Terrace, Ill., Urbandale, Iowa, Warrenville, Ill., and St. Charles, Ill., plus two downtown Chicago locations. It is a subsidiary of First State Bank, Mendota, Ill.
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June could be the true test for delinquencies and how many distressed borrowers impacted by a shift in Federal Housing Administration rules will reperform.
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The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
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All-cash home purchases hit a six-year March low of 28.9%, as a buyer-friendly market reduced the need to use cash to stand out, with sellers outnumbering buyers by a record-near margin, Redfin found.
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Property taxes are up 30% since 2019, driven by pandemic-era home value gains. Mortgage borrowers pay more than those without a loan, and experts say relief is unlikely anytime soon.
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The Federal Deposit Insurance Corp. said banks earned stronger profits and expanded lending in the first quarter of 2026, but at the same time margins shrank and unrealized losses have been increasing.
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The insurance giant accuses Nationwide Mortgage Bankers of profiting off its branding and of suggesting to consumers that it's tied to the firm.
May 27









