MortgageIT Holdings Inc., New York, has filed a registration statement with the Securities and Exchange Commission for an initial public offering.MortgageIT Holdings will be the parent company of MortgageIT Inc., a New York-based mortgage banker. The units of MortgageIT include IPI Skyscraper (retail), MIT Lending (wholesale/correspondent), and MortgageIT.com. MIT Lending recently opened a subprime division, New Beginnings. MortgageIT Holdings expects to elect to take real estate investment trust status. A pair of residential lenders converting to public ownership are also taking the same route --New York Mortgage Corp., and HomeBanc Mortgage Corp., Atlanta.
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After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.
December 12 -
For 2026, the mortgage industry operating environment will improve, while nonbank financial metrics should be within Fitch's rating criteria sensitivities.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
The executive order described state legislation on artificial intelligence as a cumbersome patchwork, and pledged to develop a national framework.
December 12 -
The Department of Housing and Urban Development announced the FHA-insured loan caps for low- and high-cost areas, which are set based on conforming loan limits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
December 12





